Wealth: April Dividend Income

Hello everyone and thank you for stopping by for my monthly dividend income report. The dividend reaper was very successful this month. Multiple companies made payments and the dividend scythe swung hard to collect all that could be taken. This left my family with $45.51 in total dividends received by the scythe this month. This is slightly lower than the expected average payment per month but that is to be expected given that it's a monthly average and not a guaranteed monthly breakdown.

The key is to simply stay on track. Each month, as long as the received are larger than the previous years (given little/no surprises), that month should be seen as a success. That being said, this month has been a huge success. The scythe shows a 230% increase YOY for this month's dividend income. One can't complain when leaps forward are at that big of an increase.

Wealth: January Dividend Income

Part of investing in dividend growth stocks is trusting in the process. There are going to be some good months and there are going to be some bad months. The trick is to try to align for dividend payments to be about equal every month. This is a trick that I have not yet mastered. As one can see from last years dividend payments, I might be a little off as far as consistency goes.

I can't give up though. The dividend snowball is a slow moving process at the start as you try to build up a good enough roll to get it moving. While months like this January may have felt small in comparison to some other months or small in comparison to where I thought it might be by now, it is still an amount of money that I wouldn't otherwise have.

It's good to keep this lesson at the forefront of my mind as I don't want to start straying from this path. If I think too much about other "get rich quick" schemes, I may find myself potentially falling for them and that just simply will not do! It simply will not do at all - not one bit! One has to remember the other types of dividends that have been given through the month.

Dividend Income: July

It's the beginning of another month and that means that it's time to tally the dividend payments from the previous month. All in all, it was a great month. I find that pretty much any time there is a payment incoming from AT&T (T), I can expect a fairly decent payment. It definitely helps boost the confidence moving forward that the strategy of dividend investing is a good strategy.

Where it may still not seem like a whole lot at a total of $28.25 for a whole month of dividends, it actually is a big enough amount to do something with. Hell, for a good portion of my portfolio, the stock price per share is less than that. That means that this last month provided for me the opportunity to add even one more share (theoretically) to the portfolio. With one more share there comes one more payment of dividends that further propels the snow ball forward.

I also want to remind myself with another month past that it is important to not bench mark your portfolio based on other investor's portfolios. Even though this can sometimes be a great motivator for future success, it can also give an unfair view of things as investing in dividends can be a very skewed curve when graphed out. The more dividend payments coming in, the faster the trend line goes up so it does not accurately represent a slow and steady trend upwards but more an increasing stream that will eventually become a roaring river. I just have to keep my eye on the prize moving forward and have faith that the small stream of income I've built will eventually pick up more and more speed. Anyways, here is the breakdown for the month:

July Dividend Income

RAI - Reynolds American Inc. - $5.88

STAG - STAG Industrial - $1.74

GE - General Electric - $5.75

T - AT&T - $14.88

Total July Dividends: $28.25