In order to reach my dividend goal of earning $3,000 this year in dividend income, I need to start doing some serious investing. While the 2016 goal is ambitious (doubling last years dividend income) it is obtainable.
This is, without a doubt, the last year that I’ll be able to double my dividend income in a single year. As you may have read in my April dividend income report, I’ve calculated I need to put almost $20,000 to work in the next few months in order to get close. I’m not sure I can make it, but I’ll certainly try. Fortunately, I have a good amount of cash sitting in the accounts ready to be put to work.
This page will be updated as I make further buys this month. I would like to put at least $6,000 (responsibly) to work this month… lets see if the market will work with me.
My Dividend Growth Stock Purchased – May 2016
May 2016 Dividend Growth Stock Purchases
|Symbol||Company Name||Date/Time||Quantity||Buy Price||Comm/Fee||Total Cost||Yield||Income||Y Div||Q Div|
|UNP||Union Pacific Corporation||5/13/2016||4||81.86||-1.00||327.44||2.69%||8.80||2.20||0.55|
|COST||Costco Wholesale Corporation||5/13/2016||4||144.50||-1.00||578.00||1.25%||7.20||1.80||0.45|
|TRV||Travelers Companies Inc||5/17/2016||4||110.86||-1.00||443.44||2.42%||10.72||2.68||0.67|
|∑ = 66||∑ = -10.00||∑ = 4,257.68||∑ = 128.76|