January 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 $166,479 as of the end of January.

My Annualized Dividend Income as of the end of January increased to $7,242 from $7,014 over the past month. This means my dividend stocks will pay $7,242 in dividends over the next 12 months. This portfolio of stocks has a current yield of 4.35%.

All my dividend distributions from the month went toward paying down debt. The stock market was up about 5% for the month and we continue to see companies increasing their dividends this year.

Most of my stocks are held in my 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.