Dividend update: October 2016

By | November 1, 2016

dividend-update-october-2016-dividends-down-under-blogAuthor: 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 4th month of this tax year.

Dividend Update

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

We re-invested some of our dividends and received the following extra shares:

23 more Japara shares

6 more Rural Farms shares

7 more WAM Capital 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:

dividends-down-under-october-2016-dividends

We did it! We broke $100, by quite a lot! We are so pleased to get there, it’s a big physcological barrier.

4 months down of this year, our average dividends per month is $61.63. That’s a huge increase of our average from $35.73 last month. If we can hit an average of $50 a month by the end of June we’ll be happy.

The next couple of months won’t have any action, but perhaps this time next year we’ll have companies that pay in November and December.

How was your October for dividends?

 

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

Onwards and upwards!

34 thoughts on “Dividend update: October 2016

  1. Doug

    Woohoo you blew by that 100 dollar mark next you will blow by the 200 dollar mark. Awesome job. Keep it up.

    Reply
  2. Team CF

    Snowball, anyone?
    Awesome you guys, congrats on breaking (sorry, smashing) the $100 barrier. Well deserved!

    Reply
  3. Tawcan

    Solid stuff, breaking the $100 milestone is pretty awesome. Haven’t tallied our Oct dividend income, hoping to be close to $1,100. 🙂

    Reply
    1. Dividends Down Under Post author

      Thanks Tawcan
      hopefully our snowball will roll a little faster now and we’ll be one step closer to your massive Oct dividend – that is a very impressive figure!

      Mrs DDU

      Reply
  4. DivHut

    Congrats on reaching a new milestone. I’m sure it felt great seeing a tally of $100+ for the month. Just imagine what that chart of yours will look like in the coming months and years as you create an ever increasing passive income stream via dividends. Reading your reports are always fun for me because I have no idea about any of the companies that are paying you. Your portfolio is truly the most foreign to me 🙂 Just goes to show how many great dividend paying companies exist all over the world. Thanks for sharing.

    Reply
    1. Dividends Down Under Post author

      Thanks for those encouraging words Divhut.

      I’m glad to hear that you find it fun/interesting hearing about our foreign companies. One thing is for sure – the dividend investing strategy works no matter where you are.

      Mrs DDU

      Reply
  5. Graham @ Reverse The Crush

    Congrats on breaking through the $100 per month barrier! You crushed it!
    This is proof of concept and awesome to see your progress. I haven’t tallied up my October dividends yet, but it will be a lower month. November is a bigger month for dividends because of my RY position though. Keep it up!

    Reply
    1. Dividends Down Under Post author

      Thank you Graham!
      It is great to see the dividend investing method working before our eyes, especially because we aren’t investing much more into it currently, we are devising a plan to be able to invest monthly though – so that’s exciting!

      I’m look forward to your November numbers – sounds like it’ll be a good one. I am not sure, but I think our November will be a quiet month for dividends.

      Mrs DDU

      Reply
    1. Dividends Down Under Post author

      Hi Michael, thank you 🙂

      We’re not very big fans of the Australian EFT and Index options. We invest in individual stocks (and a few LICs), Mr DDU is always reading about business news/stocks and he really enjoys it, so it works for us because he is always keeping ‘in the know’. I do a little bit of reading, but nowhere near the amount he does.

      I hope that answers your question!
      Mrs DDU

      Reply
  6. Brian

    Next stop $200 !! Congrats. Any progress is good progress. Nice to see validation of the process, isn’t it?

    -Brian

    Reply
    1. Dividends Down Under Post author

      Thank you Brian.
      It’s amazing to see dividend investing working from scratch right before our eyes – it’s mind boggling that not everyone does things like this! Although, if everyone did we’d all need to find another way to to build money even faster – dividends would turn into ‘the new normal’ like bank accounts.

      Mrs DDU

      Reply
  7. Mrs. BITA

    Yay for breaking through the $100 barrier! It is so rewarding to see work and plans come to fruition. All the best for the rest of the year.

    Reply
  8. Roadmap2Retire

    Congrats on the dividend income. Looks like you ar setting yourself up for some great returns over the coming years. Keep it up!

    R2R

    Reply
    1. Dividends Down Under Post author

      Thank you R2R, we are definitely working on growing our returns but we are very pleased with the growth it’s doing on its own without us adding much cash in currently. Although we are hoping to make monthly investments from now on 🙂

      Mrs DDU

      Reply
    1. Dividends Down Under Post author

      Thanks for the encouraging words Lanny!

      November might not be as good for dividends, but some financial changes are afoot.. so we will have a great savings rate at least!

      Mrs DDU

      Reply
  9. Jef Miles

    You’re really kicking butt on the dividends.. hopefully it’ll continue and it shows the power of patience right?

    Keep up the good work :)!

    Reply
  10. Dividend Diplomats

    DDU,

    CONGRATS! $100 is huge and it is certainly exciting to receive over three figures. Now let’s try to find you some Australian companies that will pay in November so we can start spreading the love everywhere.

    Bert

    Reply
    1. Dividends Down Under Post author

      Hey Bert!

      We’re so happy to be over $100 for the first time, but we want to have many months at this level too. So we’ll be working at that with our purchases in the future. But we’ll just be choosing at what’s the best at the time.

      Mr DDU

      Reply

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