Author: Mr and Mrs DDU.
Disclaimer: Stocks mentioned on this blog are for general entertainment/documentation purposes only, following our own investment journey and decisions. Nothing in this article should be considered investment advice nor is intended to be investment advice. Please click here to continue reading our disclaimer. By viewing any page on this blog you are agreeing to the linked terms & conditions.
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 7th month of this tax year.
We re-invested our dividend to receive an additional 6 shares. Re-investing really helps compound our returns over the years. Here is our dividend graph for the tax year so far:
This small dividend payment doesn’t help our average much, after 7 months down of this year our average dividends per month is $36.68 which is another drop since last time. We’re aiming for an average of $50 a month by June so hopefully we get there with new investments and re-investing dividends.
Thanks to our great baby news and our investing plan we can now focus a lot more money towards investing. We’ve already made 3 purchases we haven’t yet blogged about, which between them have added August and November dividend payments to our dividend calendar. We didn’t have time to buy a stock that pays in February with our new investing plan, so there won’t be a dividend payment next month, but after that we should have every month covered forever. We’ve certainly had enough of telling you guys that ‘there was no dividend payment this month’.
Anyway, January will always be a pretty quiet a month because of the lack of Aussie stocks that pay in the month, so we’re glad to own one great business that does pay in January.
How was your January for dividends?
Thanks for reading this article about our investing journey Down Under.
Onwards and upwards!