Wednesday, March 2, 2011

February Dividend Income Update

My Annualized Dividend Income as of the end of February increased to $6,230 from $6,115 over the past month. This means my dividend stocks will pay $6,230 in dividends over the next 12 months.

I made around $5000 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.

I sold off shares of ACAS stock that was no longer paying dividend and will sell others that are not paying dividends 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.


Michael B. said...

You mention you buy stocks at a few hundred per month. Now that Zecco is no longer free, will you be adapting your purchase strategy, or even looking to migrate to a different broker?

Div Guy said...

I plan to look around for a new brokerage account.