September was a highly-anticipated month for me, because there was a good chance that I would break the $100 mark in dividends for the first time ever. While that might sound trivial to a lot of seasoned dividend investors, to me it is a huge milestone! Taking a quick stroll down memory lane, I started investing back in December 2014, and I received my first dividends in February 2015, totaling an adorable $6.26. This is effectively the eighth month I’ve ever received dividends in my life, so without further ado, let’s take a look at who paid me what, and whether or not I succeeded in knocking on triple-digit’s door.
|BreitBurn Energy Partners||$4.17|
|Johnson & Johnson||$15.00|
|National Oilwell Varco||$14.72|
I did it! I broke the $100 mark! Woohoo!! My life is officially complete.
Ok, maybe not quite. But man, it sure does feel good to achieve this big milestone, and to achieve it in less than a year no less! This is a significantly larger sum than last month’s already meaty earnings of $65.79, and it comfortably eclipses my previous best payout of $82.26 that I received back in June. To say that I am excited would certainly be an understatement at this point 😀
One of my goals for my first year of investing was to receive an average of $50/month in dividends by the end of 2015. In early July, I had already surpassed that goal since my projected annual dividend income clocked in at $700, which averages out to $58/month. In early August, that figure had increased to nearly $800, boosting my average monthly payout to $66/month. As of today, according to my portfolio, my projected annual dividend income sits at $894 or so, which comes out to an average of $74.5/month. This is pretty aggressive progress for 3 months!
The next milestone I’m gunning for is the $100/month mark, which I’m hoping to achieve by the end of 2016. While it might seem like I will easily achieve this goal at this pace, I will unfortunately be investing less for the next 6-12 months as I focus on paying off some credit debt that is reaching the end of its 0% APR period and building up my currently scant emergency fund. But hey, Rome wasn’t built in a day (sorry for the overused, corny idiom), and laying down just one brick every month is better than laying down none!
I’ve said it before and I’ll say it again: dividend investing is a truly wonderful thing. It teaches you how to analyze and assess businesses, it instills tremendous amounts of patience and discipline, and, last but not least, it forces your money to work for you 24/7, which is the best thing you could have your greens do. There really is no better feeling (other than sex and fapping) than seeing your money passively generate more money for you.
With that said, onward to October! 😀
How was your September, dear reader? Was your dividend pot as loaded as mine (relatively speaking)? Let me know in the comments!
Disclosure: long AMGN, BBEP, BBL, CVX, EMR, INTC, JNJ, NOV, SE, UL, WFC