Dividend Growth Investing for Financial Independence
The start of 2022 was of a mixed nature. The dividend income was right in line with my expectations. In January I received $804.38 in dividends. At the same time, I had to take some losses on the option side and it prevented me from investing in more dividend stocks. Nonetheless, six dividend raises accounted for a net PADI increase by $36 to $10,247 at the end of January. My portfolio and dividend income update in full detail here.
The third quarter of 2021 has ended and I have not been able to update my August figures. Hence, in this post both months August and September are covered. My dividend income was $656 and $808 respectively in August and September. Surpassing the $800 mark is a new dividend income record. Speaking of records: I also hit the $9,000 Projected Annual Dividend Income (PADI) mark. Unthinkable at the beginning of the year.
I deployed about $12k in the last two months into dividend stocks and one growth stock. I added to four existing positions (HPQ, LMT, MRK, BMY) and opened two news ones (AMGN & SJM). Additionally, I bought one share of Amazon.com (AMZN) as a growth and future dividend play.
I also sold one holding of my portfolio as I already announced in the July post: EBIX.
Find out all about the details of my dividend income, dividend safety and Fastgraphs charts to the purchases.
With total returns exceeding my initial investment, DFS is the first home run stock in my Dividend Growth Journey portfolio.
We close the year with a record monthly dividend income of just north of $800, marked a new high on the PADI hitting the $7,000 mark and further increased the dividend safety score. There are so many positives and the quality of my monthly reports have improved with so much more details.
My dividend growth journey goes on. I received $534.34 in dividends, my PADI increased to $6,940 and my dividend safety score went up to 61.4 points. I only did make one purchase but not to increase my dividend income but to run an options income play.
The Dividend Growth Journey continues: $521.74 of dividend income, a nasty 50% dividend cut from ET, purchases of 6 companies adding $367 to my PADI., and the Dividend Safety Score improved to 61.3. Read more for all the details.
The September dividend income is in the books and it has been a busy month. A total of 24 companies paid me and I received $495.71 in dividends. Even though my income is just short of $500 this month, I am celebrating hitting a new record. My 3-months average dividend income has hit $500. I am over the moon.
I deployed more than $16,000 with an average dividend yield of 4.16%. My Dividend Safety Score has increased to 59.6 and my PADI stands now at $6,644.
Another month has gone by and it is time to review my dividend income. This month has been special as I hit a new target by surpassing the $500 mark. What a great feeling! I received exactly $542.09 in dividends.
We are at the half-year point and June has been a good month. The dividends come rolling in.
More than $400 in dividends from more companies than ever before and a new high on my PADI. I love these monthly reviews.
Another month has gone by and the dividends come rolling in. What a great feeling. Dividend income is truly passive income. That is what I love about dividend growth investing. You harvest your gains bit by bit one at a time and just reinvest. The constant flow of income combined with a little bit of tracking makes you stay on top of the game.