When I was setting my goals for the year, I must admit that I did not do an enormous amount of calculations. In some cases I just liked the idea of the goal, others I picked a round number seemingly out of a hat and made that my goal. Such was the case with my goal for how much money I wanted to receive from dividends this year. I picked $200 because it sounds so much better than $120. The obviously apparent downside is that my goal is tougher than I wanted. You want difficult goals to help you grow but they should be attainable. That is the A in the SMART method of setting goals.
Last month was my best month for dividends, coming from a stock which pays out quarterly. So this month may look worse by association, but anything is good. The great thing about dividends is that you get paid for having money, like interest in your bank account, but it is almost assuredly more than a savings account. And also the value of my investments have the ability to go up in the case that I want to sell them, although this is unlikely for a long time.
So in April my dividends totaled $7.59. Companies paid me this money for doing almost nothing. I received almost an even split between my mutual funds and my exchange traded fund.
Hopefully this will make you consider dividend investing. Investing for dividends may not be for everyone but I personally like seeing money added to my money monthly. I can use this money for spending cash or I continue the way I have been using my dividends and keep investing them to garner me more dividends. This creates a slow trickle into a modest stream into a raging river by the time I need the money. So these dividend reports will keep coming and slowly growing.