Dividend Income Update-January/February 2011

Each month I will post dividends received in the prior month. I will break these down by company and amount of dividends received per company. Since I recently started this blog, and I would like it to chronicle all of 2011, I will post dividends received in both January and February.

January Dividends Received

• SYY - $7.54
• MO - $19.76
• WMT - $6.05

Total dividends received for the month of January: $33.35

February Dividends Received

• PG - $16.86
• ABT - $18.04

Total dividends received for the month of February: $34.90.

Obviously, a month-over-month increase in dividends received is nice, but this was merely a product of my holdings and the month that dividend distributions fall on. I would like to see every month consistently go up, but my portfolio is still in the initial stages and still building...and therefore I may not receive an ever growing stream of income until my number of holdings are large enough that income is spread out evenly over the course of the year. I am far behind my goal of producing a total of $1,200 in total dividend income for the year of 2011. I have produced a total of $68.25 through the first two months of 2011, but I am improving with every month that goes by and every purchase I make. I hope that with the vast amount of my net income I am saving by living frugally, and then putting to work for me I will make up ground in the second half of the year. Wish me luck!

Thanks for reading.