Thursday, June 15, 2017

Any day I get paid from 7 different companies is a good day.

Today was a good day.

The total haul – from HD, FUN, IP, ED, MDP, PRU and HSY – was only $4.79, but the amount isn’t what excites me. I started dividend growth investing for several reasons, one of which was to create a passive income stream. Considering all of my 100-plus positions are mini income streams, I’m pretty pumped about the potential of my portfolio down the road.

Days like today keep me motivated because, well, any dividend is a good dividend. It always feels great to be paid. Getting paid 7 times feels even better.

I own single shares of all 7 companies. As I add to those positions, obviously, the dividend income each produces will only grow.

I’ve earned $19.86 in dividend income so far this month and $123.16 year-to-date. Last quarter, the same handful of stocks that are paying out this month sent a combined $22.90 my way. With half of June still to come, I’m expecting dividend payments from at least 12 more companies. Translation: I will have zero problem eclipsing last quarter’s total.

That’s all for today. Thanks for following my March toward $1,000,000.

  • Awesome progress. So far how has investing into small positions impacted your YTD performance? Has it increased gains or minimized losess?

    • Thanks! Not sure what it’s accomplished, really. When markets are up, my portfolio is usually up a bit more … and when they’re down, mine is down more. Overall I’m up about 8% this year.