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 12th month and final month of this tax year.
In June we were paid the following in cash and franking credits:
- Combined $nil cash and $zero franking credits. Total $diddly-squat
Here is our final dividend graph for the tax year:
We received a total of $582 during this tax year. Not as much as we’d like, but next year should be a big increase considing most of our purchases were in the second half of the tax year after the half-yearly dividend dates. We hope we at least double our dividends in the next tax year. This tax year we received $582 and last year we received $480, a 21% increase.
Well, a year on from last June and we still don’t have a June payer. We almost bought one of DuluxGroup, Whitefield or Gentrack but it didn’t happen. Oh well, maybe next year! We have always said we wouldn’t buy just because of the dividend payment.
June 2016: $0
June 2017: $0
Increase in dollars: $0
Increase in percentage: 0%
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, we’re still on track.
How was your June for dividends?
Thanks for reading this article about our investing journey Down Under.
Onwards and upwards!