There goes another month, as it is that time again to update the total monthly dividend income received for the month of May. These types of posts are one of the ways to prove to the world that there are many different approaches to generate passive income. Dividend income is just one of these ways, as it truly is a quiet compounding machine that sits quietly off in my brokerage account and continuously functions. While I go about my business and my daily routines, it does its own work, with no, to very little management needed. The key idea of passive income with a strategy of dividend growth investing is harnessing the true power of time and capital growth. This incredible accumulation of small gains over period of time delivers more modest gains and eventually into enormous ones as it holds the essential power of compounding.
I enjoy publishing these dividend income reports as I have gained a better understanding in how much of my passive income is coming in every month and how much it is growing over time. For the month of May, I have received a total of 8 diversified direct deposits in the form of dividends.
When comparing last years total in May 2014 to May 2015 dividend income , it presents a negative 7.7% for a year over year decrease. The difference from last quarter is negative 10.6% quarter over quarter decreased growth. Though, it is primarily due to AFL and COP being paid out in June rather than May.
- AT&T, Inc. (T) – $48.85
- General Mills, Inc. (GIS) – $19.88
- Verizon Communications, Inc. (VZ) – $23.10
- Apple, Inc. (AAPL) – $14.60
- Costco Wholesale Corp. (COST) – $5.20
- Kinder Morgan, Inc. (KMI) – $54.85
- Procter & Gamble Co. (PG) – $25.92
- Realty Income Corp. (O) – $8.98
Total – $201.38
Goal: With 5 months behind, I am 35% of my goal complete.
The dividend income page is updated accordingly.
Thank you for reading & have a great day!