My Annualized Dividend Income as of the end of April increased to $5,865 from $5,760 for the month. This means my dividend stocks will pay $5,865 in dividends over the next 12 months.
I made a few dividend stock purchases over the past month from dividend distributions and sales of non dividend stocks. It looks like the economy has bottomed out and we had no more dividend cuts the last few months. There has also been a few companies increasing their dividends for later this year.
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.
1 comments:
Any thoughts of going with a ETF of high yield dividend payers? Vanguard has recently dropped their fee to purchase their own ETF's. If I buy VYM, I get a mixture of high yield stocks.
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