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.
In January we were paid the following in cash and franking credits:
- Rural Funds $22.87 cash and $0 franking credits
- Magellan Global $18.00 cash and $0 franking credits
- Combined $40.87 cash and $0 franking credits. Total $40.87.
Here is our dividend graph for the tax year:
January 2017: $10.24
January 2018: $40.87
Increase in dollars: $30.63
Increase in percentage: 299%
We are pretty happy with the dollar amount and very happy with the percentage increase! $40 isn’t going to pay for anything huge but it’s getting the stage where the compounding is meaningful.
For 2018 we set a dividend goal of $1,315.71 which is a 50% increase on 2017’s total. So far, we have received $40.87 and we are ahead of our goal if you track it by a monthly percentage increase.
How was your January for dividends?
Thanks for reading this article about our investing journey Down Under.
Onwards and upwards!