Thursday, June 2, 2011

May Dividend Income Update

I have been building a stock portfolio of dividend stocks outside of my retirement accounts that I will use to help produce income in retirement. This portfolio was valued at $146,553 as of the end of May.

My Annualized Dividend Income as of the end of May increased to $6,511 from $6,506 over the past month. This means my dividend stocks will pay $6,511 in dividends over the next 12 months. This portfolio of stocks has a current yield of 4.44%.

All my dividend distributions from the month went toward paying down debt. The stock market was down for the month but we continue to see companies increasing their dividends this year.

Most of my stocks are held in my new Vanguard Brokerage account and the rest are DRIPs. 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.