June 2017: Estimated Dividend Income
So if you've been following along, you'll probably agree that May was not the most exciting month on the blog when considering dividend income. At the same time, building up a portfolio from zero is a marathon, and not a sprint, and so even a little bit of dividend income and sticking to the savings plan is accretive over the long haul.
And as someone whose other hobby is distance running, I can totally relate to gearing up for a marathon.
This past month had a few other ups and downs.
In the "Ups" category, I finished up my graduate program. I graduated with a Master of Arts in Educational Leadership and just two days later found out that I passed my school leadership licensure examination for New Jersey. Combined, I'm now qualified to make the jump from the classroom to educational administration. I'm not quite ready to make the jump, but I'm getting there.
In the "Downs" category, I wasn't quite as frugal as I would have liked. Nothing terrible, but it's starting to get close to summer and I need to keep a little more focused on what's going out. The short story is that I covered a post-graduation celebration dinner check for a couple of classmates. It was one of their birthdays, another's anniversary...and I kind of felt like it was the right thing to do. Not right for my wallet, but so be it.
Looking ahead to June, I anticipate a few stocks to provide some sorely needed dividend income. I am quickly realizing that the hardest part of building up a dividend fund from zero is that the great majority of the funds come directly from salary and labor. I know that down the road a lot of the heavy lifting will be done by an increasingly growing stream of dividends, but that's not where I am at right now. So I am grateful that this month, I will receive dividends of around:
$5.90 from AEP
$17.00 from DUK
$13.05 from ETR
$10.50 from O
and $8.10 from PEP
I have to say that I really enjoy watching that dividend from Realty Income (O) come in every month. It certainly makes me want to add to the position, knowing that some day in retirement I may really rely on the monthly income to cover a bill or two. I'd love to see the yield get to 5% again - I would seriously consider pulling the trigger at that point - and at 4.5% it's close - we'll see how it goes this month. One can always hope...
Good luck to everyone out there and I hope your month ahead brings a lot of passive income!
Long all stocks mentioned.