Dividend Income – October 2014

plan on recording my monthly dividend payments on this blog for you all to see. I had a Goal for 2014 of producing more than £300 in Dividend payments, which I hit last month! This post will collate all of the dividends I’ve received this month and how I’m tracking against my original Goal. I will reveal which companies have paid, and how much they’ve contributed.
I’m in the early stages of Dividend Growth Investing, yet I’m already witnessing the increased impact they are having on my monthly income. Over time, the Dividends will continue grow and become more significant. My long term goal is to receive enough Dividend Income to surpass my monthly expenses. I need to remain patient in this early stage because success will not arrive overnight. I will continue to save a large proportion of my monthly income (over 50% for 2014), invest as much money as I can afford, and re-invest all other income streams into Dividend Growth stocks. I will repeat this process consistently for several years to meet my goal of becoming Financially Independent by my 40th Birthday.

October Dividend Payments:

Monthly Dividends
GlaxoSmithKline £15.20
HSBC £4.68
Broker Loyalty Bonus £0.04
Total £19.92

October was a low month for dividends. My lowest month prior to this was back in April 2014, when I was new to writing in this Blog. It’s still additional money for doing very little, as I made my investments in these two companies back in 2013. 

I didn’t receive any dividends in October last year, so every penny contributes to an increase year on year, no matter how small!
My 2014 Dividend total is now at £435.13, which is £135.13 more than my £300 Goal for 2014. I was really pleased with hitting the goal with a quarter to go. I’m now hoping to go on to hit over £500 in dividends for 2015.  
How was October for you? Please let me know how it went. 

Thank you for reading!


  • Tawcan

    Reply Reply 3rd November 2014

    Great progress. Way to go in beating your 2014 goal by a huge amount! £500.

    I'll be tally my October dividend income in the next few days.

  • weenie

    Reply Reply 3rd November 2014

    Hi Huw
    Great to see your total continue to blow away your goal for 2014! It must be really satisfying to see how you have improved from this time last year.

    £500 already sounds achievable for 2015 – perhaps you need to stretch it a little 🙂

  • Huw Davies

    Reply Reply 4th November 2014

    Thanks Tawcan, I appreciate that! I'm really pleased with how this years turned our so far.

    I hope your month goes well too.


  • Huw Davies

    Reply Reply 4th November 2014

    Thanks Weenie.

    I'm delighted. I didn't think I would be in this position at the end of the year and there's still more to come.

    I should hit £500, but I think £600 will be out of reach now as most companies will be paying out in 2015. I want to stretch the goals out for 2015. They've been too comfortable this year. I'm planning on making it them ambitious!

    Thanks again

  • Dividend Diplomats

    Reply Reply 10th November 2014


    Great month! I am a fellow shareholder of GSK. We are earning quite the yield right now, so lets take it while we can. Congrats on passing your goal of 300 last month. It is great that you crossed it 3 months before the end of the year! It givs you extra time to grow your dividend income before you reset your goals for next year. You'll be shocked how fast you cross 500, especially if you have already hit 300. I would consider aiming for something a little higher if you can to push yourself! I am excited to see what number you pick for 2015.

    Again, congrats on a great month.

    Bert, One of the Dividend Diplomats

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