Dividends

Dividend Update September 2020

At the end of every month, I plan to post my Dividend Income Report! This is where I review my portfolio of dividend growth stocks and ETFs to track my progress and note any changes that have been made to ensure I am moving forward toward my goal of liquid FI.

I’ll be measuring the results of each dividend stock purchase, dividend increase, and reinvested dividends to calculate the effect each has had on my portfolio and track my passive income.

Creating Passive Income

Most of the stocks I own are dividend growers, so I expect my dividends to grow over time increasing my passive income bit by bit. Owning a small piece of some of the best businesses in the world will generate dividend income that I continue to reinvest to fuel further growth.

With each purchase and dividend increase along with every DRIP it’s another seed planted that will most assuredly blossom over time and will eventually generate a powerful source of passive income along with that peaceful feeling of financial security.

The best part is anyone can become an owner of a world-class business by investing in established companies that will in turn pay you dividends even while you sleep.

Each month I tally up all of my purchases and dividend income plus all of the dividend increases I’ve received for the month and then calculate my ever-increasing 12 month forward dividends.

Liquid FI

Having a liquid net worth has become my focus over the last several years after a serious health scare when I realized just how illiquid our net worth really is.

The ultimate goal is to have a solid-liquid portfolio that produces enough income that covers all of my monthly expenses in order for me to have financial security and peace of mind. Each dividend income report will map out the steps of my progress and creates a hard copy of my plan to keep me focused.

Dividend Income

My September dividend income results are in and this month has been another record for my Liquid FI portfolio as my larger payers are in September.

This month I received $828.28 in dividends from stocks and ETFs, plus a bit of interest from cash on hand in my liquid portfolio. My dividend income goal for the year is $6000. I may be a bit short but I am getting closer every day.

I am currently at approximately $5953 in 12 month forward dividends.

With only three months left in the year, it’s going to be difficult reaching my stretch goal of $7000 in 12 month forward dividends. But still worth a shot.

September is consistently one of my larger dividend/distribution months. The money nerd in me looks forward to each and every quarter’s calculations. Because each dividend consistently reinvested will compound over time.

Picking up more shares earns more dividends which in turn can be reinvested into more shares. Rinse and repeat.

So without further ado here are the dividends I’ve received from my Liquid FI Portfolio. I’ve listed the accounts highlighting their types!

September 2020

Taxable

XOM……….26.75
MSFT………..0.51
VTI………….45.59

Taxable

VTSAX…..116.49

Traditional

XOM…………0.92
JNJ……………1.03
VTI………….24.41

Roth
MMM…….25.66
AFL…………..2.30
BBL…………84.70
AVGO……….3.33
XOM…….207.37
JNJ……….113.27
MCD………51.99
PEP………..23.52
O……………..2.50
UL…………30.56
VYM……..61.39
PFE………….3.80

Savings
#1…………..2.11
#2…………..0.04
#3…………..0.04

Month $828.28
YTD   $4103.63

Summary

Each baby step I make toward my goal of FI it is tempting to chase yield these days with the current state of affairs worldwide as tempting as it is.

I will stick to my plan of investing in world-class dividend growing businesses for the long term.

 

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