My Last Quarterly Dividend Report — Sorry to Say

It is with some sadness and a heavy heart that I bring to you this last quarterly dividend report.  I had been making it a point to increase my dividend income and had been doing a good job of it this year, but circumstances have forced me to change direction.  You see, the dividend stocks were in my retirement account which I am taking as a lump sum to pay off some outstanding tax debt.  I will probably write more about that decision later.

So in preparation for the distribution, I did allow some of my stocks to get called out so the dividend income is a bit lower compared to last quarter.  But had I not had to make this decision, I am sure that I would have been able to meet my goals for the rest of the year.  At least that’s my story and I’m sticking to it.

A Decrease in Dividend Income, But Not Unexpected

 

 

 

 

 

 

 

 

 

 

 

 

 

 

You can see from the graph that the income was down from the first 2 quarters of this year.  Like I said, I allowed SDRL and STX primarily to have some shares called away without buying those back which I would have done if the portfolio had kept going.  But since I knew that I was arriving at this decision to liquidate, I just went with the cash and have been totally in cash since mid-September.

Nevertheless, I think it was a good experience to focus on dividend income over the past 12 months.  This is exactly what I will need to do someday when I retire, namely wring cash out of my investments so that I don’t have to tap into the principal.

Now, my focus will be to eliminate a bunch of other debt so that I can aggressively invest and put together a nice portfolio of cash spewing assets.  But for now, I think debt elimination will provide a better return on my investment since the interest rates are high enough and the savings are all tax free.  So that’s where I will be putting my energies which means that you can be looking forward to debt reports.  Yippee!

 

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