July Dividend Income Update

My Annualized Dividend Income as of the end of July increased to $6,045 from $6,028 for the month. This means my dividend stocks will pay $6,045 in dividends over the next 12 months.

I made around $700 of dividend stock purchases for the month from dividend distributions and sales of non dividend stocks. The stock market has been mixed over the past month and we continue to see companies increasing their dividends this year.

I have reached my Dividend Income Goal of $6,000 for the end of 2010. I plan to continue selling off 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 Wesnesday.