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Welcome back to my monthly dividend Investing review where I will analyse my dividend Income for November 2020.
Keeping track of my monthly dividend income is a great way to keep focused on my Financial freedom goals. I have set myself a target of covering all my current expenses with dividend income and I am on track to achieve this goal within the next 12 years. Read here to find out why I choose Dividend growth Investing as my main investment vehicle.
Hope you enjoy it and feel free to drop me a line if you have any questions!
Dividend Income
We are in the home straight of 2020 and November was another good month for the freedom fund. 7 companies deposited dividends into my account for a total of $123.71. This is over a 300% increase from the year previous.
As you can I have made some changes to the portfolio over the last year. Increasing my positions in ABBV, British American Tobacco ,Realty Income and Verizon. I have also added AT&T and Unilever.
Dividend Income Raises
I had 3 dividend income raises in total from ABBV, BTI and O. ABBV had the biggest raise with a healthy 9.32% while the remaining two had raises that would be just above “normal” inflation rate
Dividend Income Chart
The Chart below shows the Dividends I received in 2019 in Red.
https://www.buymeacoffee.com/dividendtalk
The Blue is what I have received so far this year. My projected yearly income is now €1386 at current fx rates.
In Reality, I will be continuing to add €1250 which will bring in roughly €37 in forward income each month.
November Purchases
For those of you who listen to our podcast, (Dividend Talk) you will be aware that I am currently reshaping my portfolio and have started focusing on companies that I already own
All of the purchases I have made below are to existing positions. I added 10 shares to Royal Dutch Shell which makes them my largest holding. Their recent increase in share price has also helped them here.
Glanbia, who were first ever dividend stock that I own is now worth 1% of my portfolio.
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Disclaimer - Engineer my Freedom is not a licensed or registered investment adviser or broker/dealer. We are not providing you with individual investment advice on this site. Please consult with a licensed investment professional before you invest your money. This site is for entertainment, informational, and educational use only. Any opinion expressed on the site here and elsewhere on the internet is not a form of investment advice provided to you. We use information, data, and sources in the articles we believe to be correct at the time of writing them, but there is no guarantee of their accuracy, completeness, timeliness, or correctness. We are not liable for any losses suffered by any party because of information published on this site or elsewhere on the internet. Past performance is not a guarantee of future performance. By reading this site or subscribing to it, you agree that you are solely responsible for making investment decisions in connection with your funds.
Thanks for your openness, little feedback in your list of dividend increment, you put T increase 100% that is correct?
Hi Eduardo, thanks for the feedback..yea, its at 100% because i didn’t receive a dividend from them in november 2019
It’s always good to see a dividend increase.
[…] Engineer My Freedom – $123.71 – That new dividend from AT&T made a significant difference in your dividend income this year, compared to last. It is nuts taht you were also able to DRIP almost 2 new shares of T before their price climbed. Fantastic work this month. […]