If you go over my goals, you will see some that might stick out. I figure that there is no point in setting a goal if it is something that you would accomplish without setting that goal. So the goals that seem out of reach are not considered out of reach by me. There is an exception though. My goal of being paid $200 in dividends during the year. This may not sound ridiculous, but it increasingly is slipping out of reach. I knew this though after my January dividends came in.
In January I got $7.57, in February I got $7.57. Seeing this led me to despair. I knew I was naive to expect to make $200 when I was only on pace to get $91. And this was with just about all my available money invested. I now focus less on this goal of getting to $200 because I do not need this money at the end of the year, I need it in 15 years or longer than that. So getting dividends now is not my main concern, but I still really like meeting my goals.
With that in mind I am pleased to announce that I received $12.15 in dividends for the month of March.
My mutual funds increased their dividends (by a penny each) to be $3.79 this month. These dividends get reinvested to buy partial shares of the mutual fund.
The joy of mutual funds’ dividends increase so modestly was offset and then some by my ETF decreasing its dividend. It now only pays 74 cents per share per year, down from 83 cents. So the ETF only paid dividends of $3.41 this month, down from what I expected to continue being $3.80 every month.
The reason my dividends were so much higher this month over January and February is because I got my first dividend payment from my first individual stock purchase. It pays quarterly so this increase will not be repeated next month, but the extra income is very welcome. It actually would have been higher but I did not buy all my shares at once so I missed out on receiving dividends from 36 shares of it.
I write these because I think that seeing the numbers makes it easier for someone to get excited about dividends, or just investing in general. I started getting serious about investing when I started this blog, so one could see the journey from the very start. So far I have received $27.29 of dividends this year. That is almost ten dollars every month for doing nothing. All it takes is keeping your money somewhere slightly different, really just a few clicks on a computer.
I am now on pace for $110 for the year. This is subject to change, from dividend changes like I have already seen, from my other shares of stock paying dividends and from any future investments I make this year. I am excited to see how close I can get to my goal now.