What a long month January was. For a guy who only gets paid twice a month, I had way too much month left after my money. But, February is finally here and now I’m all smiles. That’s because I can once again make a contribution to my dividend portfolio. Just like clockwork, every month I deposit the same amount of money regardless of what the price of the stock is doing. That way, I dollar cost average my way into the stock market. I’m not saying it’s the best approach for everyone, but it’s definitely the best approach for me. So, lets see how much dividend income I received in January.
In January, I received a total of $14.93 in dividends broken down as follows:
- CSCO – $8.31
- O —– $6.62
That’s it. Slightly disappointed, but I understand every little bit helps. As this is the first time I am tracking my dividends in January, I don’t have last year to compare it to. That will also be the case for February and March dividend income report. In any case, that’s $14.93 that I didn’t have to work for. That money will get reinvested back into my portfolio and compound its growth overtime. I just have to get used to the fact that some months will be low payouts as compared to other months, based on the companies dividend payout schedule.
Forward Annual Dividends
Getting closer and closer to the $1000 mark. At the time of this writing, the dividend meter shows my forward annual dividends at $701.27. My goal was to hit $700 last year, but I made it happen sometime in January. Better late than never.
In January, I added Emerson Electric (EMR) to my portfolio, which added $6.22 to my forward annual dividends. It’s doubtful I’ll add any more companies soon, but we will see.
I was going to discuss other things such as my progress on student loan repayment, 52-week money challenge, and my savings rate. However, I think I’ll leave those topics for future posts and only discuss the dividends I earned in this post.
So, how was January for you? Let me know your thoughts by commenting below.