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.
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!