My Annualized Dividend Income decreased to $10,175 from $10,334 for the month of October. This means my dividend stocks will pay $10,175 in dividends over the next 12 months.
This is the first time my dividend income went down in a month. I had a dividend stock stop paying dividends which was iStar Financial (SFI) and I was cashed out of Wrigley because of the merger by Mars. I have sold my shares of SFI and will use the loss to offset the gains in Wrigley.
I am now below my updated 2008 Dividend Income Goal of $10,200 in yearly dividend income. I will make some additional purchases to our dividend stocks next month from the cash I received from Wrigley. My stock purchases will be smaller for the rest of the year and dividend income should not increase much.
Most of my stocks are held in my Zecco Trading account and the rest are DRIPs. The dividends from my stocks are reinvested but I am keeping track of the amount of income I could receive once I retire or choose to receive the dividends in cash.
October Dividend Income Update
Posted by The Div Guy | Tuesday, November 04, 2008 | dividend plan, income | 4 comments »
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That's not as bad as it seems though. When you consider the number of cuts the past month you were fairly unscathed.
Good luck picking up some deals!
It's not that bad, I sure as the economy turns around next year we will more dividend increases.
Zecco doesn't offer canadian accounts. Are there any other services for Canadians like Zecco?
Also...where you setup DRIPS? With you local bank?
You might like Canadian Shareowners Investments at
http://investments.shareowner.com/home/v1/index.html
Bob