Happy New Year everyone. 2019 is over but there’s one more thing left to take care of: write the Dividend Income Report for December. Recently, I published my 2019 year in review. There, I showed how I met some goals and not others. 2019 was a very interesting year with twists and turns, but in the end, it will only make me stronger in 2020.
So, now let’s see how much dividend income I earned in the last month of the year.
In December, I received a total of $116.51 in dividends broken down as follows:
|3||JNJ||Johnson & Johnson||$36.75|
Wow, $116.51. I can’t believe it. After all, last month’s dividend income showed a total of $7.18. The massive difference comes from the fact that most of my portfolio right now is weighted in 3 companies: EMR, JNJ & XOM. They all paid dividends in December. So, it looks like the months that EMR, JNJ & XOM pay dividends will be my highest months.
I have to admit, it’s a bit encouraging. I knew my portfolio took a hit after I sold stocks, and, as mentioned in previous posts, there’s a small possibility that I might sell some more to help with closing costs. Although, I think that’s becoming more doubtful, but we will see. In any case, getting $7.18 is better than nothing, but getting $116.51 for the month is outright inspiring.
So, all things considering, it looks like I finished the year on a strong note after all.
Here is a graphical representation of the dividends earned this month in relation to the dividends earned in previous years.
Here is the raw data:
As you can see, I earned a NEGATIVE 16.92% as compared to last year. However, that’s a much better loss than the rate was in the previous two months.
Regardless of whether I have to sell additional stocks, there won’t be any new funds going into the portfolio until after I close on the house. Then I will need to re-assess to see how much on a monthly basis I can contribute.
I have a lot of plans for 2020, including starting my own business. Given all my plans, I fully expect that I will slowly ease into the contributions, starting off small and then slowly increasing the amount over time. I want to ensure that I have sufficient funds to cover any unexpected expenses from the condo during the first year.
Also, because of the seasonality of this vacation rental, I want to ensure that I have enough reserves to last me during the slow winter season.
Forward Annual Dividends
At the time of this writing, my forward annual dividends is $501.79. This is a respectable amount. I’m hoping to get back to the days where I am projected to make $1000 a year and beyond. But slow and steady wins the race. I’m not on a sprint but a marathon.
That’s it. The final dividend income report for 2019 is complete. Now, I’m laser focused on 2020, with 2020 vision!
2019 was interesting, but I can’t wait to see what 2020 has in-store. How was 2019 for you? What are your thoughts on this post. Let me know by commenting below.
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