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 9th month of this tax year.
In March we were paid the following in cash and franking credits:
– Challenger (ASX:CGF) $37.74 cash and $16.17 franking credits. Total $53.91
– Class (ASX:CL1) $1.89 cash and $0.81 franking credits. Total $2.70
– Collection House (ASX:CLH) $11.78 cash and $5.05 franking credits. Total $16.83
– Greencross (ASX:GXL) $11.02 cash and $4.72 franking credits. Total $15.74
– Healthscope (ASX:HSO) $7.88 cash and $0 franking credits. Total $7.88
– Regis Healthcare (ASX:REG) $10.51 cash and $4.50 franking credits. Total $15.01
– Ramsay Health Care (ASX:RHC) $4.24 cash and $1.82 franking credits. Total $6.06
– Combined $85.06 cash and $33.08 franking credits. Total $118.14
With the above dividends, we re-invested the ones that had DRPs (Dividend Re-Investment Plans) and received:
3 Challenger shares
2 Greencross shares
3 Healthscope shares
Here is our dividend graph for the tax year so far:
Woo! Another month above $100! After 9 months down of this tax year our average dividends per month is $41.66 which is a nice increase 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.
We’re going to start comparing how we did against the previous year’s month. So let’s have a look:
March 2016: $63.83
March 2017: $118.14
Increase in dollars: $54.31
Increase in percentage: 85%
A big increase in % terms. Challenger was our biggest payer and we’re happy for it to continue be one of our biggest. But most of the increase actually came from all our new purchases that we didn’t own a year ago.
It’s great to know that we’re almost certain to get over $100 in the 4 major payer months of March, April, September and October from now on. The other months will always have smaller amounts simply because of how few Australian businesses pay in those months.
How was your March for dividends?
Thanks for reading this article about our investing journey Down Under.
Onwards and upwards!