New year but same steady climb in dividend income!!!
Well we are into a new year with 2019 and without a doubt there will be some new developments but some things in principal never change. And steady growth in dividend paying stocks is one of them by reinvesting dividends alone you will automatically increase the dividends you receive next dividend payment. Let alone if the company increases the dividend or you find more money to invest and buy even more shares. Sounds like a WIN WIN!!! doesn’t it?
Well it really is in all honestly and the even better part is all this happens without you doing a single thing if setup correctly. Your dividends can be setup to auto reinvest and then it is done you just sit back and watch the dividends buy more shares and watch each dividend payout increase.
As was started in 2018 and continuing on into 2019 I will post monthly dividend income in a bar graph to help visually see the growth.
If we compare from January 2018 which the dividend for then was $232.80 compared to January 2019 which was $329.37 an increase of over $100.00 this partly due to investing some extra cash whenever possible but more mainly due to reinvesting dividends and acquiring more shares for incremental dividend payouts. Always makes me smile to see progress with little to no effort.
I will sign off for now with that and would love to hear your own stories of progress with relation to dividend income no matter how small or big. The point more than anything is to start, if you never start you never will experience the magic of compound interest.
All the best GWF 🙂
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