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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 8th month of this tax year.
In February we were paid the following in cash and franking credits:
Here is our dividend graph for the tax year so far:
$0 dividends didn’t help anything this month, after 8 months down of this year our average dividends per month is $32.68 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.
This is hopefully the final month we ever have that’s dry. We aren’t aiming to ‘fill in’ months just for the sake of the payment, we are genuinely excited about a number of shares that pay in February and we can’t wait to own them.
We’ve made a number of purchases since December – posts coming about that next! March and April will have big (for us) increases compared to last year. We can’t wait for you to read about it!
How was your February for dividends?
Thanks for reading this article about our investing journey Down Under.
Onwards and upwards!