Dividend update: May

By | June 1, 2016

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 lives, the better.

How do we know if we’re getting any closer? By tracking it of course.

Our dividend updates and graphs run from 1st July to 30th June each year, lining up with the Australian tax year.

Dividend Update

In May 2016 we were paid the following in cash and franking credits:

Below is the graph showing our yearly dividend income so far:

May 2016 Dividends Down Under

With 11 months gone, that’s an average of $43.71 a month. The average has increased from $41 since our last dividend update for April.

With one month to go, we need $19.19 to hit our $500 tax year goal. It’s going to be a tight one, you’ll have to check in next month to see if we do it.

How was your May for dividends?

 

Thanks for reading this article about our investing journey Down Under.

Onwards and upwards!

38 thoughts on “Dividend update: May

  1. ambertreeleaves

    It looks to be a thriller ending in dividends for you! I look forward to the next episode in this series!

    1. Dividends Down Under Post author

      Hey Amber, thanks for commenting. You’re right, it’s going to be a close finish. You don’t have too long to wait (plus June is a day shorter than some months).

  2. Roadmap2Retire

    Looking good. It still messes with my head when you say “1 month to go before the year end” lol

    R2R

    1. Dividends Down Under Post author

      Hey R2R, thanks for commenting 🙂

      Haha I know right – everything Down Under is back to front and upside down. It’s good though, all the financial stuff happens during winter (end of financial year in June/July), meaning more time for fun in the sun.

  3. The Green Swan

    You’re so close! Hope you get there this month.

    1. Dividends Down Under Post author

      Hey GS, thanks for the comment and your hope. Yes we’re very close, hopefully there’s some fireworks next month. 🙂

  4. Cash Flow Diaries

    Congrats on the passive income. Im definitely trying to live solely on my passive income and I think I am about halfway there but like you, I keep track of it so that it keeps me accountable and motivated to make it grow!! 🙂

    1. Dividends Down Under Post author

      Hey Alex, we really appreciate you coming to our blog and commenting. You’re doing a great job at raising all that passive income for yourself, hopefully in a few years we can be doing half as good as you are. 🙂

    1. Dividends Down Under Post author

      Hey TFS, thanks for commenting. I hope franking credits bring back good memories, rather than an annoyed feeling. Thanks for the wishes, you’ll have to check in next month to see if we make it across the line. 🙂

  5. Dividend Hustler

    Keep it up. Slow and steady, you’ll get it higher and higher. No doubt. Don’t stop ! Thanks for sharing and I’m happy for your progress. Cheers my friend.

    1. Dividends Down Under Post author

      Hey Tyler thanks for commenting. We all have to start somewhere, and we’ve started. If you’re still checking our blog in 10 years, you’ll see the progress that we’ve made.

  6. DivHut

    Thanks for sharing your recent dividend update. Looks like it’ll be a close race to hit your goal of $500 for the taxable year. Keeping us on the edge of our seats to see if you make it 🙂 Just keep investing and collecting those dividends. Always enjoy reading these updates.

    1. Dividends Down Under Post author

      Hey Keith, thanks for your comment. It is pretty close, we’re nearly there, hopefully next month has some fireworks. I’m glad you are encouraged by reading these updates, it’s gratifying seeing dividends at work for everyone.

  7. Tawcan

    You guys are totally up side down over there. :p Great dividend income, onward and upward for sure!

    1. Dividends Down Under Post author

      Thanks for commenting Tawcan 🙂 You are the first person to notice that ‘onwards and UPWARDS’ is a play on Down Under lol. Thanks for the encouragement.

  8. Team CF

    Yay, another step in the right direction, keep going at it guys, you are off to a good start.

    1. Dividends Down Under Post author

      Hey Team CF, thanks for the comment and encouraging words. You’re right, this is a good start for us. Over the years it will really add up.

    1. Dividends Down Under Post author

      Hey Michael, we really appreciate you coming to our blog and commenting 🙂

      We’re very close, hopefully we hit it.

  9. Investment Hunting

    Great month. It’s amazing to see how fast dividends add up. Your doing so well. I’m excited to see where your monthly dividends are in 5 years!

    1. Dividends Down Under Post author

      Hey IH, thanks for your comment! We are really proud of what we’ve achieved so far and like you, are excited to see what 5 years will bring. Hopefully it’s good 🙂

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  11. Dividend Diplomats

    I’d say you are doing a heck of a job here! Congrats on the progress and the growth rate. Keep up the great work.

    Bert

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  14. ThreeMillionDollarMission

    You’re doing great. Currently our average is ~$2,610 per month CDN. nearly pays for half our living expenses. Thank goodness too because work has been slowing down in my region and we recently took at 20% pay cut. OUCH

    1. Dividends Down Under Post author

      Thanks for the comment TMDM 🙂 That’s an awesome average, shame about the work pay cut but I suppose that’s why diversifying our income is so good!

  15. jefmiles

    Get the feeling you’ll smash you’re 500$ target with June’s results here 🙂
    Keep up the great work!

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