One of my favorite parts of dividend investing is checking my brokerage account and seeing deposits from dividends. This amount has consistently gone up each quarter.
I originally started my DG strategy back in April of last year. I’ve built up my dividend income from $288.67 in the first quarter of 2012 to $909.31 in the first quarter of 2013. The majority of my extra income each month has been put right back into dividend growth companies.
I just recently hit the $6000 mark in forward 12-month dividends. This is over $500/month in dividends that I won’t have to work any extra to receive. Not only will I receive this amount monthly even if I don’t contribute any more, but this amount will continue to increase. The majority of companies I’ve bought have long histories of increasing their dividends at rates higher than inflation.
Here’s a look at the growth of my dividend income:
The 12-month forward dividends creates a much smoother graph since it takes a full years’ dividends into account. If you look at the monthly dividends you will notice that every three months is a higher amount than the previous three months. This is due to companies paying out dividends quarterly. The majority of my payers are on the M/J/S/D cycle.
I plan to continue to add fresh capital into DG companies regardless of what the market is doing. I hope the time it takes me to get to $1000/month in dividends is shorter than the first $500.