Dividend Income – February 2016

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I think it’s important to celebrate wins on the path to your ultimate goal, no matter how small. Sharing my dividend income results with you readers gives you some insight to what is possible as you begin your journey.

My ultimate goal is to be able to live off of the passive dividend income from my investments, so I can just stay at home and play video games. Here is the money I made in February 2016 without lifting a finger.

VZ- $12.43
AAPL- $4.70

Total: $17.13

Compared to last year, I earned no dividends in February, and compared to November 2015, I made $12.45 more. Verizon has a great yield, so that was a big help. So far this year, I am a little bit behind on my savings goal, but I am flush with cash until I know what the last of my wife’s dental work is going to cost. However, I just freed myself of my margin debt in my personal account, it feels good to be free from that.

Comments

Nice job pulling in dividends from two great companies. I don’t own VZ yet, but it’s on my list.

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Kevin said:

Thanks! I’d also like to pick up some AT&T shares, but I’m hoping to see them drop to the low 30s first.

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AT&T has been on a small run lately. Nothing major, but it’s up about $5, which is a lot of movement for this stock. I’d wait to add shares too. It’s one of my favorite dividend stocks. Currently my dividends get me almost 5 shares a quarter. 29 shares a year on the DRIP, I’ll take that 😉

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Stefan said:

Nice job getting two steady companies. Got a question, is there any minimum you would suggest somebody invest in a dividend paying stock? Whether it be a specific number of shares or cash.

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Kevin said:

Hi Stefan, good question! I tend to invest $950 to $1050 at a time. By investing this much, the first dividend payout will usually cover the commission charge of $~7.50. As for a minimum, I would say probably $500. Any less than that and the commission cost when you buy the stock is too big of a percentage and stifles your gains.

Remember, I’m not a financial adviser, these are just my personal opinions.

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