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 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. So this is this the 2nd month of this tax year.
In September 2016 we were paid the following in cash and franking credits:
- Challenger (ASX:CGF) $35.97 cash and $15.42 franking credits. Total $51.39
- Greencross Vets (ASX:GXL) $11.02 cash and $4.72 franking credits. Total $15.74
- Regis Healthcare (ASX:REG) $6.06 cash and $2.60 franking credits. Total $8.66
- Select Harvest (ASX:SHV) $16.75 cash and $7.18 franking credits. Total $23.93
- Combined $69.80 cash and $29.92 franking credits. Total $99.72
We re-invested our Challenger dividend to receive an additional 4 shares. We received the other dividends as cash. Re-investing really helps compound our returns over the years.
Here is our dividend graph for the tax year so far:
$99.72 is so close to breaking the $100 barrier, almost but not quite. Maybe next month will be the first time we do it?
3 months down of this year, our average dividends per month is $35.73. It would be nice if we could get to an average $50 per month by the end of the year.
After a very quiet first 2 months, September was a big one! The rest of our companies pay in October so that should be a big month for us too. We’re excited to see if we can get $100 for the first time!
How was your September for dividends?
Thanks for reading this article about our investing journey Down Under.
Onwards and upwards!