October 2017 Income
October brought in $491.47 in dividends. This is a massive increase of nearly 175% increase over the $179 that I earned in dividends last October. This increase is largely due to significant investments into GE over the past year. I will continue to accumulate GE at these depressed levels. The risk is that they might have to cut their dividend if they drop any lower. If they do, I’ll just purchase more.
Cumulative dividends for the year are $5843.36, up $1000 from what I received in all of 2016.
Options: I don’t have any options currently open. For more information, please visit my Option’s Page.
I also made some purchases of GE, NAVI, and T over the past month. I’ll be writing about those purchases soon. Needless to say, these purchases bring my forward 12-months dividends to over $9700. I’m quickly approaching the $10k milestone. I’ll hopefully reach this in the next month or two.
And, in case you missed it, I also released a large update to my dividend stock tracking spreadsheet. It fixes the loading errors with Yahoo Finance.
Total dividends for October 2017: $491.47
Total cumulative dividend income for 2017: $5,843.36
Forward 12-Month Dividends: $9,739.40
Hourly wage based on 40 hour work week (2087 hrs): $4.67/hour
Hourly wage based on non-stop work (8760 hrs): $1.11/hour
Total option income for October 2017: $0.00
Total cumulative option income for 2017: $779.86
Full disclosure: Long all the above stocks