Thursday, December 2, 2010

November Dividend Income Update

My Annualized Dividend Income as of the end of November increased to $6,168 from $6,120 over the past month. This means my dividend stocks will pay $6,168 in dividends over the next 12 months.

I made around $750 of dividend stock purchases for the past month from new purchases and dividend distributions. The stock market was down slightly for the month and we continue to see companies increasing their dividends this year.

We have reached our 2010 Dividend Income Goal of $6,000. We started the year with $5,468 in annual dividends. 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 Friday.

2 comments:

Anonymous said...

Nice job...keep it up! Question...do you follow yield on cost?

Div Guy said...

Anon,

I used to track it for my largest holding KMP but not any more. As long as I am getting dividend increases and stock appreciation, I am happy. I am using wikinvest to track my stock performance.