Another month has passed by, and it’s time for me to post the dividends that Skyy earned in the month of May. 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.
May 2016 Dividends Received
- AT&T (T) – $10.07
- Apple (AAPL) – $5.81
- Petmed (PETS) – $1.98
- Caterpillar (CAT) – $1.56
- Kinder Morgan (KMI) – $7.62
- Realty Income (O) – $6.17
- Procter & Gamble (PG) – $6.93
- Health Care Partners (HCP) – $11.96
- Enterprise Products Partners (EPD) – $3.95
Total dividends received during the month of May: $56.05
So the month of May has passed and this year seems to be flying by! Without the help of Chimera the past two months Skyy would have passed the $50 goal for 2016 in the month of May, which is good to know. As many of you know I have been homeschooling Skyy and the family will be in the U.A.E until Feb. 2017, so my cash will be short until further notice. With that being said I may turn off the reinvestment option on some of our highest paying stocks and see where that takes us!
Once again we are truly thankful that Skyy was able to earn $55 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