Thursday, February 3, 2011

January Dividend Income Update

My Annualized Dividend Income as of the end of January decreased to $6,115 from $6,168 over the past month. This means my dividend stocks will pay $6,115 in dividends over the next 12 months.

I made around $550 of dividend stock purchases for the past month from new purchases and dividend distributions. The stock market was up for the month and we continue to see companies increasing their dividends this year. The reason for the decrease was the sale of PWE and the purchase of more natural gas companies.

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.

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