Another month has passed and its now time to update what I made in dividend income. August was another very successful month on my way to becoming financially independent.
In August, I took in $116.87, which is more than 4x the income I took in from a year ago.
My total value of Dividend Paying Stocks also increased from $33,281 to $60,033. My future 12 month dividends increased from $1,372 to $1959 which was almost $600 increase in a single month. One of the big reasons that I hit my goal early was that Centamin initiated a bi-annual dividend which you can read more about here. This is why both categories jumped as much as they did in a single month.
Now all year, my goals were to have an account value of greater than $50,000 with 12 month future dividends coming in at $2000. Since I hit $50,000 and I am very close to hitting the $2000 mark in future dividends I am once again updating my goals. By the end of the year I would like to have $75,000 in dividends companies with over $2500 in future income
Overall, I am very excited each month to see those dividends keep rolling in. Looking ahead to the month of September, I plan to put an additional $2500-$3500 of capital to work in new or existing companies within my portfolio. As long as McDonald's continues to be down I plan on continuing my dollar cost averaging via my Loyal3 account.
You can find my total dividends received each month located here.
Thanks for reading.