Another month has passed and it is already September, so it is time for one of my favorite monthly posts; the dividend income update August. Well it was a quiet month for my dividend income but I again managed it to improve my income compared to the year before. The more exciting news came from the dividend increases but let’s discuss this later on.
The eighth month of 2018 was without any surprises and quiet straight forward and as always not so exciting when it comes to the dividend income.
Overview dividend income August
My total dividend income in August was 81.50 EUR or 95.36 USD that is an increase of 50.37% compared to August 2017. I did not receive any dividends from new investments, they mainly came from ABBvie, AT&T and General Mills.
After all I am fine with my August income but for the next year it is my goal also to have a triple digit income in August. Also I am already looking forward to the September summary where I will get the dividends from my british holdings, should be another great month.
Conclusion
My average monthly dividend income in 2016 was at 58.86 EUR and in 2017 it was at 120.58 EUR, for 2018 it is currently at 139.26 EUR.
My projected full year dividend income is now at 1 937.21 EUR or 2 266.73 USD that means I have now an average of 161.43 EUR per month. So I still managed to increase my projected dividend income month by month. Nevertheless the still weakening USD is a little pain and the increases are little smaller than expected, but it is not the end of the world :).
Again I have to say that investing in Dividend Stocks, ETF’s or whatever which is for the long run really pays you back. It is not that difficult you just need to focus on the long run. I am quite sure in the mid term a lot of us might have a portfolio in the deep reds. But this is time where we should buy and not sell. Investing is for the long term. I am now into that for three years and my snowball already starts to get bigger and bigger month by month. I am already curious where I am in 5 years from now on. It is just important to keep in mind:
