August 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 $125,382 as of the end of August.

My Annualized Dividend Income as of the end of August decreased to $6,224 from $6,511 over the past couple of months. I sold off a couple of stocks to pay for some extra costs the past couple of months. This means my dividend stocks will pay $6,224 in dividends over the next 12 months. This portfolio of stocks has a current yield of 4.96%.

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 Thursday.