Author: Mr DDU.
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One day we want to be able to live purely off the income from our investments. The earlier this happens in our life, the better.
How will we know when this happens? How do we know if we’re getting any closer?
By tracking it of course. Each month, we’ll add up how much dividend income we’ve received. Hopefully every time we do this it will show the income is steadily increasing, bringing us closer to our goal.
Out of all the things we track, our dividend income is the most important to us.
we have started this post series from July 2015 because the Australian Tax Year/Financial Year runs from 1st July to 30th June. We have been investing for a little while before the blog and we had to start somewhere, the start of the financial year seemed like a clear fit.
If you are reading this quite a bit later than when it was posted, information in this article might not be current, please read here to find our most recent posts on dividend updates or ANZ.
In July 2015 we were paid the following in cash and franking credits:
- ANZ Bank (ASX:ANZ): $43.86 Cash and $18.80 Franking Credits. Total $62.66
But as I said here http://dividendsdownunder.com/2015/12/13/shareholding-review-anz/ this dividend was re-invested into more ANZ shares. We still think it’s very important to track the dividend growth as a dollar amount though.
And what about the dividend in graph form I hear you ask? Well look no further (than just below).
This graph isn’t very exciting yet, but as the year progresses there will hopefully be more lovely dividends to show.
So, just over $60 for July 2015. It isn’t a big amount, it isn’t going to pay the rent (not even close), but it’s a start. $60 can pay for a big chunk of a supermarket bill or maybe a nice dinner out somewhere (or a re-invested share as in our case).
The main thing I want to see in a year’s time, is that our July total figure is larger than this year. Even if we don’t own any other shares that pay in July, hopefully ANZ can increase its payment a little bit. But we didn’t have to do anything to earn that $60. That is the beauty of dividends.
Thanks for reading this article about our investing journey Down Under.
Onwards and upwards!