Another month has passed by, and it’s time for me to post the dividends that Skyy earned in the month of March. 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.
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.
March 2016 Dividends Received
- Pfizer (PFE) – $3.10
- Spectra Energy (SE) – $2.47
- Johnson & Johnson (JNJ) – $1.51
- Emerson Electric (EMR) – $2.40
- Chevron (CVX) – $2.17
- Realty Income (O) – $6.11
- Unilever (UL) – $0.65
- Diebold (DBD) – $2.97
- Consolidated Edison (ED) – $6.93
- Old Republic (ORI) – $1.89
- Waste Management (WM) – $0.83
- Frontline (FRO) – $7.00
- BHP Billiton (BBL) – $1.00
- Bank of America (BAC) – $1.00
- Chimera (CIM) – $61.12 (Special Dividend)
Total dividends received during the month of March: $101.15
As many of you know Skyy has achieved the goal of surpassing dividends earned in 2015, 2016, and 2017! It was all thanks to Chimera who issued a special dividend in March. Right before the ex-dividend date I decided to buy 100 more shares, which should also allow me to cross over $100 in April also when Chimera pays out their regular dividend at the end of the month. Even though we were 3 months late crossing the $50 mark for 2015 it feels pretty great to do so now along with surpassing 2017 goals that I had set.
Once again we are truly thankful that Skyy was able to earn $101 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.
Work Hard or Work Smart?
Full Disclosure: Skyy is long all stocks above