Welcome to the 7th dividend income report, old sport!
This will be the final dividend income update for this year, so the December 2017 and final results for 2017 are posted below.
Frankly, I’m relieved that the first year of building this business is out of the way.
The first year of building a dividend portfolio is about creating a foundation.
Now that 7 months of tracking my dividend numbers are in the books, I have something to build upon.
I gain the ability to compare my results to the previous year, and I have income rolling in addition to my personal savings.
Not only will the foundation make for more interesting dividend income reports, it will also help the business grow faster.
Nevertheless, the dividend business deposited $11.57 worth of cash in to my account in December 2017.
This amounted to a 39.73% quarter of quarter growth rate when compared to September 2017.
The complete results for the month and year are posted below:Passive Dividend Income Report # 7 - December 2017 Click To Tweet
Passive Dividend Income Earned in December 2017
Total dividend income earned in December: $11.57
Last quarters total (September 2017): $8.28
Quarter over quarter growth (compared to September 2017): Up 39.73%
Total passive dividend Income earned in 2017: $58.14
Passive dividend Income earned this Quarter (Oct-Dec 2017): $34.66
Monthly average in 2017: $4.85
How many businesses paid dividends in December: 2
Passive Dividend Income Analysis & Conclusion
Considering the amount of the forward monthly payments, it’s almost hard to fathom that I only earned $58.14 in 2017.
On the other hand, this business has only been operating for 7 months now.
And the January payment alone is projected to generate more than half the entire 2017 dividend income.
The payments were small in the beginning, but the frequent purchase plan is beginning to pay off, as the forward payments are increasing at a high rate.
Without giving away too much information, the forward dividend business for 2018 is projected to generate multiple, multiple times more than the $58.14 earned in 2017.
In the not so distant future, I plan to publish the next forward dividend income report.
Additionally, I plan to publish my financial goals for 2018, which will include specific earnings targets for the dividend business in 2018.
Moreover, I’ve already been fortunate enough to add more than $25.00 annually so far this month, and my goal is to double that by the end of December.
“Dividends may not be the only path for an individual investor’s success, but if there’s a better one, I have yet to find it”
– Josh Peters
In closing, this business is well on its way to becoming consistent cash flow machine.
It’s partially due to the accountability aspect that comes along with publishing your income online, and I’m grateful for this platform.
I’m seriously looking forward to sharing all the progress that’s been made in the next annual report.
Thanks for reading!
Questions for the readers: How was your dividend income in 2017 and in December? What are your goals for your portfolio in the new year?