$600 Annual Dividend Income Milestone Reached

By | November 6, 2017

Thank you Johnson and Johnson.  I logged into my account at Computershare and noticed that my recent addition to my JNJ shares have been updated.  I am the proud owner of 12.255425 shares of JNJ stock.  More importantly, because I increased the number of shares, this puts my forward annual dividends to just over $600 for the first time!  I’m super excited to have crossed the $600 milestone.

So What’s The Big Deal?

Well, in the grand scheme of things, $600 is not a lot of money. I’m definitely not going to retire off that amount. But, let’s consider this. $600 is, on average, $50 per month. That’s enough to take care of my Netflix, Hulu, and monthly Capital One Investing brokerage fees combined! I would still have money left over to go to a fast food restaurant and maybe even buy a six-pack case of beer.  What’s even more awesome is that, if I did nothing else, that $600 would still continue to rise. Why? Because the companies I’m invested in have a track record of routinely raising their dividends. In fact, I am waiting to see if Starbucks will announce a dividend increase soon, and if so, how much.

So, am I going to spend the $600 on bills or frivolous spending?  Absolutely not!!! I’m going to continue to reinvest my dividends into each respective stock. I’m also going to continue to dollar cost average my way into my Dividend Portfolio.  But, why stop at $600?  Don’t look now but I am working towards crossing 4 digits in 2018 for a whopping $1000 in annual forward dividend income.

The Bad News

Earlier this year, I achieved my annual goals in dividend income super early. Then, I made a new goal of earning $700 in annual forward dividend income. Unfortunately, I won’t be able to reach $700 by the end of the year. But, I’m confident that I can make that next year, and possibly even reach $1000 in annual forward dividend income.

Conclusion

I’m very excited to reach this milestone. Dividend investing is a slow way to build wealth and patience is a must. I still have about 16 years to go before I retire and that’s a lot of time to grow my portfolio to an amount that produces much more than $50 a month on average. It took me about two years to get to this point. But, I am more focused than I have ever been. I suspect that next year, I’m going to try and grow my portfolio like a mad man, and hopefully at an exponential rate. You’ll just have to wait and see. For now though, I’m recognizing and highlighting the fact that I’ve reached $600 in forward annual dividend income.

Let me know your thoughts by commenting below.

 

 

 

24 thoughts on “$600 Annual Dividend Income Milestone Reached

  1. Keenan

    Love it! I’m very early on my DGI journey as well. Its always great to see your progress

    Reply
    1. Dividend Portfolio Post author

      Thanks Dynasty. Trying to get there as soon as I can.

      Reply
  2. Dividend Daze

    Congrats again on the milestone. Even if you can’t hit the $700 mark by the end of the year it is still important to have the goal in place. If you kept it at $600, you would have no motivation to push yourself though the whole year. Now anything extra will just make next year’s growth all that much better.

    Reply
    1. Dividend Portfolio Post author

      I agree. I’d rather set a goal to high and not reach it than set it too low and easily surpass it.

      Reply
    1. Dividend Portfolio Post author

      Yup. It might seem much at first, but every drip counts!

      Reply
  3. Mr. ATM

    Excellent!

    Speaking of Netflix and Hulu, I like their free trial membership offers which they tend to offer quite often. I always find one or two such offers in my inbox every month or two. I have one sitting in my inbox right now from Hulu. I usually save them for holidays or long weekends when I can do some binge watching for free.

    Other than that, there is nothing really good on TV or worth paying for, in my opinion.
    Mr. ATM recently posted…Quick Update On TMy Profile

    Reply
    1. Dividend Portfolio Post author

      Yea, I just noticed that I can watch CNN live for free on YouTube, and the same with MSNBC and FOX News. I tend to pay more attention to current events. So, I can stay up to date for free and use Hulu and Netflix for entertainment. The other thing I’ve noticed is that though I have both accounts, I rarely use them regularly. I like your strategy to take advantage of their free trials, but I’m not sure I’m ready to make a change. But interesting point.

      Reply
    1. Dividend Portfolio Post author

      Thanks Tom. That’s the approach I’m taking: slow and steady.

      Reply
    1. Dividend Portfolio Post author

      Haha thanks. My portfolio has been updated to reflect the SBUX increase. Unfortunately, I have to update the portfolio manually in the dividends column because the automatic pull with google sheets no longer works with yahoo finance.

      Reply
    1. Dividend Portfolio Post author

      Hey DM, Thanks. The current average yield is 3.11%. I got that number simply by adding all the yields together and dividend by the total number of stocks I own.

      Reply
    1. Dividend Portfolio Post author

      Thanks Stockles. Yea, it’s quite a tremendous feeling. What’s really exciting is that I am expected to get a pay raise next year, which will help either boost the contributions I make to my portfolio, or put me in a position to save aggressively to buy another house. Exciting financial times.

      Reply
    1. Dividend Portfolio Post author

      Appreciate it. Grinding is definitely a viable option for the small investor. I wish I had huge amounts of money to just dump in my portfolio but I don’t. I just have to slowly build my portfolio, drip by drip, dividend by dividend. Too many people think they have to have a lot of money to invest. But, really, slow and steady wins the race. Thanks for the comment Mr. Robot.

      Reply
    1. Dividend Portfolio Post author

      Thanks ED. JNJ is interesting because, years ago, it was one of the first dividend stocks I bought. I wish I kept those stocks!!!

      Reply

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