Documenting Monthly Dividend Income

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Dividend Income Projection # 20 | Two Stocks Purchased

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  • Total dividend income projected is $590.66 (Up $9.93 since the previous report).
  • $71.03 in dividend income has been added year to date.

Hey, Investors!

Welcome to the forward dividend income projection for August 2019.

Each month on this blog, I publish a post detailing how much dividend income will be earned over a 12 month period. I do this because it’s motivation to save and invest more money.

Since the last dividend income projection, $9.93 more dividend income is expected per year.   Total forward dividend income projected is $590.66. 

two stocks purchased graph 1

Less buying than usual

Admittedly, I have been doing less buying than usual, which is why growth is lower than the typical month. This is because of current market conditions, and since I am in transition to working part-time. Most of the money that would normally be invested in stocks is sitting in cash for the time being.

However, I am determined to grow this dividend business, as I want dividend investing to be my primary income stream in the long term. I am still allocating savings to stocks, dividends will always be reinvested, and there will be raises. On top of that, I am planning to invest all income earned through blogging. 

Related Post: All Extra Dollars to the Dividend Business

Two Stocks Purchased – How I Increased Income by $9.93

As I mentioned above, I have not been buying much lately. I have been building cash. As the title suggests ( two stocks purchased ), only two stocks were purchased this month.

I purchased shares of SU (Suncor Energy) and VCI (Vitreous Glass Inc.) during the month. A very small amount—6 shares of SU and 8 shares of VCI. These are both smaller positions in the portfolio. Each share of SU pays $1.68 annually, and each share of VCI pays $0.20 annually.

If you do the math, the purchases do not add up perfectly to $9.93. This is because I sold remaining units of CM that I was moving to another account.

two stocks purchased graph 2

$409.34 until this is a 4 digit business

This is where dividend income investing is going to get interesting.

I am still aiming to grow dividend income to $1,000 annually, but I no longer have a predictable salary that makes it easy to save money. My income will fluctuate from month to month. 

The good news is that I already have a dividend portfolio that earns $590.66 per year. Although it doesn’t sound like much in a year, it is still money that I can reinvest. 

I could easily earn an extra $20 to $40 per year from reinvesting the dividends. Plus, that’s without including dividend raises, which should increase it another $30 to $40 per year.

Furthermore, if you don’t think dividends add up over time, I calculated that my lifetime dividend income is now $2,067.40 since 2012.

I mean, an extra $2,067.40 was deposited into my account for doing nothing besides holding high quality businesses. That’s a decent amount of cash for doing nothing.

Dividend Income Projection # 20 | Two Stocks Purchased – Concluding Thoughts

It was’t the greatest month ever for forward dividend growth, as only $9.93 annually was added. 

But in the realm of pursuing financial independence, the last month has been a significant step forward. 

Although dividend income growth may be slower from here on out, I am looking forward to revealing more details about what stocks I’m buying and holding.

Questions: Have you made any recent stock purchases? Do you calculate your forward annual dividend income?

I am not a licensed investment or tax adviser. This is for entertainment purposes only. This post contains advertisements by Google Adsense. This post also contains internal links and links to RTC social media accounts.

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