My Annualized Dividend Income as of the end of January increased to $5,623 from $5,468 for the month. This means my dividend stocks will pay $5,623 in dividends over the next 12 months.

I made a few dividend stock purchases over the past month from dividend distributions. It looks like the economy has bottomed out and we had no more dividend cuts the last few months.

My Dividend Income Goal for the end of 2010 is $6,000. I plan to sell of some stocks that are no longer paying dividend throughout the year and add a few hundred dollars a month to our dividend paying stocks.

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.

I will post my Top 20 Stock Holdings on Wednesday.