August and September 2019 Dividend Income
Here are the final dividend numbers from August and September 2019:
August: $1233.26 (versus $671.52 in 2018)
September: $1664.53 (versus $1638.04 in 2018)
Total cumulative dividend income for 2019: $8,705.91
Forward 12-Month Dividends: $12,542.33
Hourly wage based on 40 hour work week (2087 hrs): $6.01/hour
Hourly wage based on non-stop work (8760 hrs): $1.43/hour
Total cumulative option income for 2019: $0.00
My forward 12-month dividend income dropped by about $3000 since I last wrote. This wasn’t due to an unexpected dividend drop, but rather due to selling PGX (a preferred dividend stock ETF that pays about 0.45% per month). I had put some money in there (roughly $91,000) that I was saving for mortgage payments since it is fairly stable and pays a nice monthly dividend.
Unfortunately, that nice boost to my monthly dividend has gone as I have liquidated it and dropped off a check to the bank. On one hand this seems like “wasted money,” on the other hand, I am just trading investments in equities with investments in real estate.
Moving forward I will be also counting dividend contributions from my 401k account. I recently learned that I could move the majority of my 401k balance to a self-directed account at TD Ameritrade. This opens up my 401k to the entire world of stocks, ETFs, and mutual funds.
I’ll be writing more about my new 401k strategy soon.