We are 41% through the year (5/12). And it feels like I just wrote this. Thats mainly due to an incredibly busy month of May. Big personal stuff going on that I will go into more detail on a later post when things all shake out. But it makes time fly by so fast I did not even do my regular 3-4 posts a month.
May was a good month when it comes to passive income. And by passive income, I mean collecting dividends from companies that I invest in that reward their shareholders by sharing the profits. These companies tend to have a long track record of increasing these payments year over year. This will result in some amazing compounding that will rapidly increase this income over the period of a few years.
All it takes is 2 things: reinvesting dividends earned and patience.
The result of this patience is earning $1,047.99 from 30 companies. This is an increase of 31.2% over 2020 and the $798.80 I earned last May. The result of dividend increases, reinvesting the dividends and adding to the pot with any spare change when I can. Hopefully, this pace will keep up.
My big payday was at the start of the month with AT&T paying $192.40 and on 5/17 and the $100.50 payout from OHI.
I do believe this is the end of seeing such payments from AT&T. But it was a good run and it sure will be an adventure when shareholders get the shares of the new company..
Until next month - CHEERS!
Congrats on breaking the $1K mark! It sucks about T, but with so many other great dividend payers we will pull through fine in the long run. Keep up the great work! :)
ReplyDeleteThanks Mr. Dynasty. Yes, we will be fine. I'm hanging ton to T for a bit since I do believe it will gain in equity in the next year as they jettison debt.
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