Another month has passed by, and it’s time for me to post the dividends that Skyy earned in the month of August. 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.
August 2016 Dividends Received
- AT&T (T) – $10.19
- Apple (AAPL) – $5.84
- Diebold (DBD) – $3.04
- Petmed (PETS) – $2.00
- Caterpillar (CAT) – $1.58
- Kinder Morgan (KMI) – $8.92
- Realty Income (O) – $6.24
- Procter & Gamble (PG) – $6.98
- Health Care Partners (HCP) – $17.92
- Enterprise Products Partners (EPD) – $4.06
- Cornerstone Fund (CLM) – $8.62
- Aberdeen Income Fund (FAX) – $3.75
Total dividends received during the month of August: $79.14
So the month of August has passed and nothing dramatic has happened to move the market either way. Currently I am really focused on getting our income over $100 every month by 2017 and the only way to do so is to put our money into great companies that will continue to reward us. Hopefully the market can hold up for the next 6 months, but I have a good feeling that won’t be the case as past years have shown us otherwise.
Once again we are truly thankful that Skyy was able to earn $79 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?