Another month has passed by, and it’s time for me to post the dividends that Skyy earned in the month of January. It’s hard to argue the success of long-term dividend growth investing when you can slowly and surely see dividend income rise over time and get closer to covering your family expenses.
Once again I hope these monthly dividend income reports provide inspiration for any investors out there that are just starting out. It shows that it’s possible to one day pay for monthly expenses with dividends, which would provide an investor opportunities and freedom to pursue other interests than full-time work.
January 2016 Dividends Received
- General Electric (GE) – $7.04
- Eletro Rent (ELRC) – $12.81
- Montana Dakota Utilities (MDU) – $5.68
- Cisco (CSCO) – $2.15
- Chimera (CIM) – $10.26
- Philip Morris (PM) – $2.06
- Walmart (WMT) – $1.47
- Realty Income (O) – $3.94
Total dividends received during the month of January: $45.41
I’m truly thankful that Skyy was able to earn $45 this month without lifting a finger and continuing to be a great daughter. She did nothing to earn this money except for make great decisions with past capital. Decisions like investing in high quality companies that reward her as a loyal shareholder with a piece of the profit.
My goal was for Skyy to receive $50 in dividend income in one month during the year of 2015. Currently we have not reached that mark, but hopefully it can be accomplished in 2016! This $50 mark has been a hard one to fill but will be defeated hopefully sooner than later.
Work Hard or Work Smart?
Full Disclosure: Skyy is long all stocks above