This is a historical Snap Shot of the growth of my Dividends over the last 10 years.
I made a serious push in 2012 and 2017 to concentrate funds towards this portfolio.
Once again in 2019, I am pushing at about a rate of at least $3,000 new dollars every month. This is deposits and plowing dividends back in.
The ultimate goal is get $1,500 a month from this portfolio in passive income.
It is truly lovely when your money starts to make you more money.
At my target rate for dividend paying stocks (3.5%) that would take a portfolio worth about $ 514,285.
The current portfolio is sitting at a touch over $340,000. Link Here.
Dividends are on track to cross $10,000 this year.
At a ZERO Percentage stock growth, I need 4.5 years to hit this goal. I put into about $45,000 per year (at the current pace).
I figure that pace may slow, but might be counteracted by ANY natural market growth of the overall portfolio.
Something to shoot for!
P.S. I also keep track of my Historical Net Worth Growth since 2006. If you would like to check it out, click here.
a sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits (or reserves).
A dividend is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a proportion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business (called retained earnings). The current year profit as well as the retained earnings of previous years are available for distribution; a corporation usually is prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash (usually a deposit into a bank account) or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets.