October 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 $134,877 as of the end of October.

My Annualized Dividend Income as of the end of October increased to $6,279 from $6,249 over the past month. This means my dividend stocks will pay $6,279 in dividends over the next 12 months. This portfolio of stocks has a current yield of 4.65%.

All my dividend distributions from the month went toward paying down debt. The stock market was up quite a bit for the month and 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 Wednesday.