Dividend Income – January 2013
by | Posted 1.28.2013 | Post Comment (No Comments)

A new year, a new dividend income target! Last year I was hoping to reach $7,000 but I had to rectify that early and target $6,000. I finished the year slightly short of $6,000 with $5,790.71. This year, as much as I’d like to reach $7,000, I think I will have to target $6,500 in dividend income. It’s a growth of just over $700. To achieve this growth, assuming I can reach 3.5% dividend yield, I would need to add $20,000. I am hoping that my current holdings will provide me with some dividend growth, along with the compounded growth from shares re-invested. With my dividend machine at work, I hope that investing $15,000 will do the trick. Now I just need to invest $15,000

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