Dividend update: February 2017

By | February 26, 2017

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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.

Dividend Update

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

– Nothing

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!

26 thoughts on “Dividend update: February 2017

    1. Dividends Down Under Post author

      Thanks for stopping by our blog Matt :).

      We have indeed upped the capital we are investing every month since our finances have been freed up a lot since the end of last year (increased income and pregnancy achieved through IVF – having to save ongoingly for IVF puts a big dent in potential investment capital).

      Jasmin

      Reply
    1. Dividends Down Under Post author

      Thanks WFT :). We are our own benchmark, especially if we want to reach FIRE! I think a lot of people get trapped comparing themselves to their peers – hard to be great when you’re comparing against some pretty average financial choices/habits!

      Though I have to admit, quietly it does feel good to be ahead of everyone else. I shake my head and bite my tongue at so many people around our age.

      Jasmin

      Reply
    1. Dividends Down Under Post author

      Well, you are very much the advocate of not filling a month with a stock just for the dividend payment – quality stocks all the way. Maybe you’ll have found a killer stock that pays in Feb by next year :)!

      Jasmin

      Reply
  1. Buy, Hold Long

    Well done Tristan. I’m the same, no need to buy a share just because it pays in February. Quality is way more important to me. Cheers.

    Reply
    1. Dividends Down Under Post author

      Thanks, although we have been eyeing off two stocks as contenders for purchasing in the next few months that ironically pay in Feb – will just have to see what next year brings for Feb dividends 🙂

      Jasmin

      Reply
  2. DivHut

    Thanks for sharing your recent update with us. I agree, that you shouldn’t buy stocks simply to fill in months with zero income. That’s probably the worst reason to buy a dividend stock. I’m sure as the year progresses you’ll get closer to your goal of averaging $50 a month in income. Still waiting for my Feb. results to finalize. Keep it up!

    Reply
    1. Dividends Down Under Post author

      We agree with you – definitely won’t be buying just to fill empty months! We do however have our eye on two great stocks to add to our portfolio that happen to pay in Feb. We will never have an even dividend distribution over the whole year – some months only have one or two businesses that we want to own and happen to pay then.

      Jasmin

      Reply
  3. Dividend Diplomats

    Excited to read about your purchases DDU! Don’t sweat the $0 month; with more purchases, more income will come. The month doesn’t matter as much as the total income you are receiving, right???

    Bert

    Reply
  4. Team CF

    I bet you long to the days that you will have money coming in every month!
    Good luck getting that portfolio together.

    Reply
    1. Dividends Down Under Post author

      Thanks CF. Even when we do have dividend payers every months there will definitely be some much lower months than others! it’s the overall yearly average that counts 🙂

      Jasmin

      Reply
  5. Jef

    Shame about that team although keep on keeping on and the dividends will be rolling in eventually :)!
    Thanks for the honest and open update

    Reply
  6. SMM

    “We’ve made a number of purchases since December”. I’m excited to find out about your purchases. I feel like the market is so high right now that it’s better to sell some stock (but the down side I suppose is loss of dividends). Is your strategy more about regular dividend income rather than purchasing price?

    Reply
    1. Dividends Down Under Post author

      There are still a few opportunities to be had on the Aussie market. We do try to get stocks on our watch list when they are trading at good prices, but we also don’t try to time the market too much. Building our portfolio and having ‘time in the market’ is important to us at this stage. When we have an established portfolio we will most likely hold our monthly investing capital until there are really great purchase opportunities and let our established portfolio do its thing.

      Jasmin

      Reply
  7. Dividend Daze

    I’m excited to read about your purchases. Your right, its all about quality instead of what month it pays in. Just keep doing what you are doing and it will pay off for you. Keep it up.

    Reply
  8. radikuhl

    Thank you for the continued updates. I found your site through Dividend Diplomats and really enjoy seeing other normal investors doing well with DGI!

    Reply
    1. Dividends Down Under Post author

      Thank you for stopping by our blog! It’s great to hear where you found us too – we love the Dividend Diplomats :).

      We are just at the start of the DGI journey, but it does seem to be going well so far. Thank you again!

      Jasmin

      Reply
  9. Dividend Diplomats

    Agree. You don’t want to buy a stock for the sake of receiving dividend income in a given month. Stick to the plan and stick to the plan and keep on moving your retirement ball forward.

    Take care!

    Bert

    Reply
    1. Dividends Down Under Post author

      Stick to the plan and stick to the plan – I love the double affirming of that ;). Don’t worry, we are planners who love to stick to the plan!

      Jasmin

      Reply

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