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 start of a new tax year!
In July we were paid the following in cash and franking credits:
- Rural Funds (ASX:RFF) $21.47 cash and $0 franking credits. Total $21.47
- Combined $21.47 cash and $0 franking credits. Total $21.47
We re-invested the Rural Funds dividend and received 11 more shares.
Here is our new dividend graph for the tax year:
Not much of a start but it’s something. We won’t have many July dividend payers on our journey, so any growth is good for us.
July 2016: $7.46
July 2017: $21.47
Increase in dollars: $14.01
Increase in percentage: 288%
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 $357.28, we’re still on track.
How was your July for dividends?
Thanks for reading this article about our investing journey Down Under.
Onwards and upwards!