Dividend Income June 2018

Hello June! And time again for me to talk about one of my all-time favourite topics; dividend income. I’ll be honest, I sometimes wish that the process was going slightly quicker, than the income we’re receiving was slightly higher. But, when I feel frustrated by our progress, or lack of, I have a look back at where we started. The first dividend income report I posted was way back in February 2016 and I was so excited to publish that! And the amount received? £9.80. A tiny amount, by all accounts, but it was the start.

 

And, over two years later, the amounts are bigger. I love logging into my account and checking out if I’ve received any dividends. I keep meaning to write down when I’m due dividends, but never seem to get round to it! So, I log in fairly regularly. It’s been a bit of a ride in terms of numbers going up and down as valuations are somewhat rocky at the moment. My stocks and shares ISA is with Hargreaves Lansdown, which is very easy to use and I’d definitely recommend them. You can get information about that here or even open an ISA in about 5 minutes.

 

The aim eventually 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, this will be our reality. I can’t wait until this point  when the numbers start to tip in that balance, our financial freedom point will be ever closer.

 

The dividend income received in June 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.

 

Dividends received in June:

Card Factory – £12.80

Morrisons – £25.29

Premier Monthly Income – £0.62

Standard Life Inv Real Estate – £0.52

Sage – £8.48

Total: £47.71

 

Not too bad! This would pay for our broadband/telephone/tv so that’s good. A bill paid each month through dividend investing is the start. Although I do this every month, I actually get the dividends kept within my ISA and reinvest them when they reach a good amount.

 

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 2018 is £800 received. At the end of June, and indeed half way through 2018 (!), I’m up to £280.85 so I’m definitely waaay behind where I should be by now!  Although there are some months throughout the year where there is little paid, I’m sure this will be an upwards trend overall  because I will continuously add to my investments throughout the year, hopefully I can reach my target! It does seem a long way off at the moment though, not going to lie. It actually feels a bit uncertain now, Brexit doesn’t help matters!

 

Have you received any dividends this month? Thanks for reading! 

 

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