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 the 11th month of this tax year.
In May we were paid the following in cash and franking credits:
- Class (ASX:CL1) $1.89 cash and $0.81 franking credits. Total $2.70
- Washington H. Soul Pattinson (ASX:SOL) $6.82 cash and $2.92 franking credits. Total $9.74
- Combined $8.71 cash and $3.73 franking credits. Total $12.44
Neither of these provide dividend re-investment plans so we received the dividends as cash. We put the cash towards our next purchase.
Here is our dividend graph for the tax year so far:
We knew this was going to be a quiet month, but it was very nice to receive dividends from 2 of our new buys. Let’s compare how we did against the previous year’s month. So let’s have a look:
May 2016: $62.60
May 2017: $12.44
Decrease in dollars: $50.16
Decrease in percentage: 80%
Oh no! A gigantic decrease in % terms. As we noted in our previous month’s update, Japara changed their pay date from May to April. This really helped April’s total but hasn’t helped May. If we exclude Japara, we wouldn’t have received any dividends last May and now we received $12.44 in total from 2 companies. So that’s an improvement we reckon.
You may remember that we have a dividend goal of $622.50 for the 2017 calendar year as part of our 2017 goals, which is a 50% increase on 2016’s total. So far during 2017 we have received $335.81, things are looking good with that goal.
How was your May for dividends?
Thanks for reading this article about our investing journey Down Under.
Onwards and upwards!