Dividend Income December 2019 + Yearly Roundup

This post signifies the end of my fourth full year of investing. I can’t believe I’ve been able to write these updates for so long! I have been debating whether to change the frequency of these updates, but as I believe strongly in creating this second income stream, I shall continue for now. Do you find them interesting? Four years ago I had yet to receive my first dividend payment, so this just shows what a little time and patience can achieve! Although the markets have been quite volatile lately, I just need to sit it out and continue to follow with my plan.

 

See also: Dividend Income

 

Some months are so much better than others as the income received varies so much. The final month of the year seems to be a great one for dividend income, as you shall see  and all for doing nothing! Although I need to keep an eye on the market and the companies I am invested in, it is fairly passive in its nature. I have it set so that the dividends are kept in my isa and so I can reinvest them where I see appropriate immediately.

 

Eventually, the aim is to use the dividend income to pay some household bills. Things like council tax, or water rates. That’s when passive income really takes over. We are such a long way off this! To pay fixed expenses each month from passive income would be amazing. To be able to pay for things that we have no control over, such as our council tax or the water rates, by using dividend income would take the pressure off other areas of money. One day, I am hoping to say we can do this! In fact, I’m sure we will be able to at some point, if we continue on the same path.

 

The dividend income received in December is a combination of dividends from shares and funds. There are always going to be swings in terms of how much income is produced by dividends, just because different holdings pay out at different times. In December 2018 I received £237.77 in dividends. This year is even better  I provide up-to-the-minute updates over on my Patreon so make sure you join me over there.

 

Dividends received in December:

Card Factory – £31.60

ITV – £13.00

Vanguard FTSE UK All Share Index – £221.65

Vanguard Global Emerging Markets – £42.69

Vanguard US Equity Index – £27.80

Whitbread – £3.27

Total: £340.01

 

Look at that….!!! My biggest month to date. Woohoo! Last December was my highest paying month (until now!) so it looks like I have got some good contenders which means I end the year on a positive note. This would pay our council tax and our water rates. That’s seriously amazing! At the moment, all dividend income received is reinvested, but it’s nice to know that we could cover a significant bill using this. Because my holdings are within my stocks and shares ISA with Hargreaves Lansdown, I don’t pay any tax on them either.

 

As I wrote about the effect of the magic snowball, mine is beginning to move slightly. By reinvesting the dividends, it’ll only create more income. I believe that continuing to live a frugal lifestyle and save as we go along will see us right in the end. I hope this is inspiring someone else to begin their frugal journey. If we can do it, anyone can! We are not depriving ourselves of anything, just making purposeful choices and it’s beginning to pay off. Literally!

 

My dividend income aim for 2019 was £1,000 received. At the end of December, and indeed 2019, the final total for dividend income received is £1,156.31 so I have well and truly beaten my target. When I wrote about receiving £1,000 at the beginning of the year, I honestly thought that might be a stretch. Look how wrong I was! I must admit, at the end of November I was a little anxious and thought I might have given myself a too bigger aim, but here we are  Here’s a visual look at my dividend income for the past four years:

 

 

Have you received any dividends this month? What about 2019 in total? Thanks for reading! 

Follow me on:

Facebook | Twitter | Instagram | Youtube | Pinterest

PIN FOR LATER: