Overall, I am well poised to make another dividend stock purchase next month, which may be the final push to reaching my 2014 goal of
average monthly dividend income of $ 500.
The frequency of monthly dividend income that exceeds $ 600 should start increasing in frequency, especially as the projected
average monthly dividend income grows closer to $ 600 / month.
With September's projected
average monthly dividend income barely advancing due to NCV's dividend cut and then compensating for it by buying more EHI, I needed to boost my dividend income a bit if dividend income were to continue to grow.
My average monthly dividend income is now $ 173.77 ($ 521.31 / 3 months = $ 173.77), which is 11.58 % of my current goal of $ 1,500 / month.
But I made the final step to start investing and 2 years later I already have
an average monthly dividend income of 112.70 EUR.
I talk a lot about my * projected *
average monthly dividend income, but what has been my * actual * average for 2015 so far?
Well, my grand total of dividend income for January through June is $ 3542.3, so
my average monthly dividend income has been $ 590.38.
My average monthly dividend income is now $ 254.19 ($ 3,050.29 / 12 months = $ 254.19), which is 16.94 % of my current goal of $ 1,500 / month.
But for now, these three new purchases have boosted
my average monthly dividend income very well.
My projected
average monthly dividend income is now $ 542.28.
I've reached my 2014 goal of
an average monthly dividend income of $ 500 two months earlier than estimated, but I will continue with my cash matching experiment and make at least one stock purchase every month as I continue to grow my dividend income.
Dividend investing lesson for the month: Limit your dividend stock's payout weight (the percentage of
the average monthly dividend income).
I'm not sure when this will happen, but probably sometime soon as this sale put a serious dent in my projected
averaged monthly dividend income.
These two stock buys will add $ 17.43 to my projected
average monthly dividend income, which is a good step towards recovering from the various dividend cuts my portfolio suffered so far this year.
These two stock buys will add $ 20.83 to my projected
average monthly dividend income, which puts me a little closer to my 2017 goal of a projected annual dividend income of $ 10,000.00 per year (or $ 833.33 per month).
It's not a big increase, but it certainly moves me closer to my projected
average monthly dividend income's next major milestone: $ 700.00 / month.
My average monthly dividend income in 2016 was at 58.86 EUR and for 2017 I am already having an average forward monthly dividend income of 98.41 EUR.
So I am now very close to cross the my first goal to have
an average monthly dividend income of 100 EUR.
This stock buy will add $ 26.25 per quarter (or $ 8.75 per month) to my projected
average monthly dividend income.
This buy brings my total shares of CODI to 400 and adds $ 36.00 per quarter (or $ 12.00 per month) to my projected
average monthly dividend income.
With these new acquisitions, my projected
average monthly dividend income is now $ 551.55.
These new shares will only raise my projected
average monthly dividend income by $ 7.20.
May's dividend income exceeded $ 600 by a pretty good margin, but projected
average monthly dividend income is at a «so - close - I - can - taste - it» $ 596.72
.
The third milestone is having a projected
average monthly dividend income that equals or exceeds my minimum monthly mortgage payment of $ 767.43.
Addendum (11/15/14): I just bought an additional 55 shares of VFL, which bumps up my projected
average monthly dividend income to $ 525.30 and my projected annual dividend income to $ 6303.60.
With this stock acquisition, my projected
average monthly dividend income increases to $ 521.73, or a projected annual dividend income of $ 6260.70.
Altogether, these new stock buys will lift my projected
average monthly dividend income by $ 43.10.
Oh I'm not complaining about the $ 622.17 in dividends last month, but I am just a little bummed by the unexpected dividend cuts that shaved $ 10.45 (1.7 %) off
my average monthly dividend income.
With August's stock buy of AWP lifting my projected
average monthly dividend income to $ 732.78, I reached a very anticipated goal: A projected average monthly dividend income of $ 730 per month.
About Blog Working towards
an average monthly dividend income of $ 1000 Frequency about 2 posts per week.