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 4th month of this tax year.
In October 2016 we were paid the following in cash and franking credits:
- Altium (ASX:ALU) $11.30 cash and $4.80 franking credits. Total $16.10
- Collection House (ASX:CLH) $11.78 cash and $5.05 franking credits. Total $16.83
- Invocare (ASX:IVC) $6.80 cash and $2.91 franking credits. Total $9.71
- Japara (ASX:JHC) $44.68 cash and $19.15 franking credits. Total $63.83
- Rural Farms (ASX:RFF) $10.10 cash and $0 franking credits. Total $10.10
- WAM Capital (ASX:WAM) $15.95 and $6.84 franking credits. Total $22.79
- Combined $100.61 cash and $38.75 franking credits. Total $139.36
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:
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!