Author: Mr and Mrs 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 my 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.
In August 2015 we were paid the following in cash and franking credits:
- Nothing: $Zero Cash and $Nada Franking Credits. Total $0.
It’s not very exciting, we know and why bother making this post? But we wanted to show the entire year – including months we got nothing.
With 2 months gone, that’s an average of $31.33 a month.
So, we got nothing at all. We don’t own any companies that pay dividends in August (such as Sydney Airport (ASX:SYD), Stockland (ASX:SGP) or Transurban (ASX:TCL) ). Not a disaster, but I’d have liked to be able to say that we got something.
Perhaps we will own one or more of these companies by the time August next ticks around if it’s a good buy, but for now we don’t. If/when there comes a time we can just live from our dividends and there was a month like this where we weren’t paid anything, we would have to make sure we kept enough cash in the bank to see us comfortably through to September.
Thanks for reading this article about our investing journey Down Under.
Onwards and upwards!