March 2019 Dividends – $203.63
Total Dividends for the Year – $905.60
This month I received nine dividend payments from the following companies:
|3/12/2019||Johnson & Johnson||JNJ||$9.00|
|3/15/2019||Realty Income Corp.||O||$22.55|
|3/18/2019||Duke Energy Corp||DUK||$46.38|
|3/19/2019||UnitedHealth Group Inc.||UNH||$9.00|
|3/22/2019||Kraft Heinz Co||KHC||$40.00|
|3/27/2019||Southwest Airlines Co||LUV||$6.40|
In total, I’ve received $905.60 so far, according to this schedule:
We’re about a quarter of the way through the year and I’m only about 20% towards my goal of earning $4,500 this year in dividend income. If things continue on this path, I will be around $900 short of my goal. My intention this year is to continue adding to my dividend portfolio and continue purchasing dividend stocks. These investments will gradually compound throughout the year, which makes the trajectory non-linear.
January gave me a huge jump start in the year because the core of my portfolio is retained in SPY. SPY paid out a huge dividend because I currently have 300 shares in them. As a result, I expect another lump payout in April this month as SPY went ex-dividend last month.
My overall portfolio is up 9% this year. I’m lagging behind the S&P 500 Index, which is currently up 11% for the year. However, when the market is down, I’m also down less than the S&P so at least I have that going for me.
Ideally, I’m investing long term such that one day my portfolio will be producing passive income to cover my necessary expenses. Which basically equates to financial freedom in today’s lingo.
If I can get $100 in passive income, then that accounts for my phone expenses. Which means if I lose my job, at least I’ll still be able to make phone calls.
JK, who still even makes phone calls? I’d probably be tweeting memes about my old job.
However, ultimately I do aim to be able to receive $2,000 income per month. This is enough to cover most of life’s expenses. And if I ever move to a cheaper cost of living area, I’ll be able to pay my mortgage with that income.
My eye has always been on stable dividend growth companies as I believe dividend growth investing is king. I also like defensive stocks and non-cyclical companies. They tend to have less volatility during market swings.
Currently I’ve been looking at adding positions into COST, NKE, SBUX, and MSFT for various reasons involving continuing stable growth. I think these are staple brands that won’t be going away in a recession.