Dividend Income Update September

Each month I will publish my dividend income. I will mainly do this for staying self motivated and to give you the readers the chance to follow my journey from the beginning on. The dividend income in the first couple of years will be on a very low level but investing in dividend stocks is all about the long term. I am very sure that in 5 years from now I will get my first rewards for the patience and focus on my goals.

Again time for another dividend income update. September was one of my strongest dividend income months so far, after August has been one of the weakest. The total dividend income in September was 88.04 EUR.

I also received dividends the first time from my recent purchases Target and Wells Fargo.

Overview dividend income September

div-income09

My total dividend income in 2016 is already at 518.32 EUR compared to 246.79 EUR for the whole year in 2015, that is an increase 110.02 %. My current forward full year dividend income is at around 730 EUR after tax and always depending on the current exchange rate. Until the end of the year I am expecting a total dividend income around 680 EUR considering that I am not adding any shares to my portfolio.

Overview monthly dividend income 2016

div09

 

Conclusion

All in all I am now averaging a monthly dividend income of 57.60 EUR and 60.70 EUR based on the forward full year view. So there is still a lot of work to do to reach my goal of 100 EUR per month by the end of next year. Nevertheless I can see a very good progress compared to the situation one year ago where my average monthly dividend income by the end of the year was at 20.56 EUR.

How was your dividend income in September?

 

2 Comments

    • Hey IH,

      thanks for the kind words. Yes my year over year progress is quite nice, let see if I can keep up that pace 🙂

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