Dividend Income – November 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 in September. My Dividend Income Goal has been extended (Version 2) to £550
This post will collate all of the dividends I’ve received this month and how I’m tracking against my Dividend Goals. 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.
November Dividend Payments:
Centrica £18.31
IG Group £44.80
Royal London Sterling Extra Yield Bond £20.52
Loyalty Bonus £0.13
Total £83.76


First of all I want to mention that this month last year represented the start of my DGI journey. What a year! I bought my first shares in GlaxoSmithKline with some birthday money I received. I spent a total of £294, which I was so nervous about spending. I was blissfully unaware of the commission and charges, which came to 5%! It wasn’t my smartest investment to date, but it got the wheels in motion and I haven’t looked back since.  

November this year produced dividends that were well above my average for me. My average for 2014 is currently at £47.17 per month. 

I didn’t receive any dividends in November last year, so for yet another month I had a big year on year increase. I’m also pleased to report that November 2013 was the last month that I didn’t receive any income in a single month. This is a little milestone for me, which is nice to put behind me. For every month moving forward I’ll now be able to make a direct comparison with a percentage difference. 

My 2014 dividend total is now at £518.89, which is £218.89 more than my Version 1 Goal (£300) and £31.11 short of my Version 2 Goal (£550). I have one month to go now, and December is set to be comfortably above my average so I’m on track to hit Version 2. 

  
Thank you for reading! 

How was November Dividend Income for you?

0 Comments

  • diy investor (UK)

    Reply Reply 1st December 2014

    Hi Huw,

    Like you, I have received dividends from recent additions IG Group and Centrica – also DS Smith which raised its divi by 25% this year.

    November is usually a good income month which is handy with the festive season approaching. Most of my dividends for the month however are from my investment trusts – City of London, Edinburgh, Henderson far East, Schroder Oriental and Dunedin Income plus a half yearly payment from Lloyds Bank prefs which yield 9%.

    Just had a look at the comparison to last november and see the income is up 32% which is good – some of this increase will be year-on-yr dividend uplift and some to the additions to my ISA portfolio this year.

    As you say patience is the key, it takes time to get rolling but in time the 'snowball' will gather momentum!

  • Tawcan

    Reply Reply 2nd December 2014

    Isn't it nice to see dividend income coming in this Nov considering you didn't receive any last year? I love seeing progress like yours. Keep up the good work. I'll tally our Nov dividend income next week once I'm back from my trip in Japan.

  • B

    Reply Reply 2nd December 2014

    Hi Huw

    Came across your site to say hello!!!

    I can see what a year it has been for you. Even though you just started it feels like you are in the gear and ready to sail through 2015 already. Every single dollar will contribute to your success at the end of the day.

    Keep it going 😉

  • Huw Davies

    Reply Reply 2nd December 2014

    Hi DIY Investor UK,

    It's nice to have an above average return at this time of year. December is also above average for me, so the combination really helps with the Christmas period.

    That 9% yield is outrageous. What is it or where can I find more info on it?

    A 32% increase YOY is very impressive, well done. You're right, patience is key. It can be difficult at times pushing the boundaries of what you can save/invest and making sacrifices to keep the expenses low. It's at this time of the month that I feel that delayed gratification from the progress I've made. It makes it all worth while.

    Thanks for stopping by!
    Huw

  • Huw Davies

    Reply Reply 2nd December 2014

    Hi Tawcan,

    Yes it feels great. As I mentioned above, it's nice to pass a milestone where I should receive income every month of the year now. I'm really encouraged by that!

    I hope you had or are having a good trip to Japan, and that you're also seeing great progress this month.

    Speak soon
    Huw

  • Huw Davies

    Reply Reply 2nd December 2014

    Hi B,

    It's great to have you here. Hello to you!

    You're absolutely right, it feels like I've just started with DGI, but it's gone incredibly quickly, and I do feel like I've made some notable progress in 2014. With the wind behind me, I want to keep pushing and growing my little dividend pot, every single pound!

    Thank you for the encouraging, I really appreciate it. All the best!
    Huw

  • Hi Huw

    Great month, and next year should be even better.

    It's is amazing how the dividends build up when you are adding further funds to your ISA, and as they increase it gives more motivation to keep adding cash, the classic snowball then starts to accelerate.

    Best Wishes
    FI UK

  • Huw Davies

    Reply Reply 2nd December 2014

    Hi FIUK,

    Thank you for that. Yes, I hope every month moving forward will see significant increases now. It's very addictive isn't it – More success leads to you wanting to do more, which leads to more success etc.

    I love DGI!

    Huw

  • Ryan

    Reply Reply 2nd December 2014

    Huw,

    I'm so happy to see you're on pace to hit the revised dividend income goal! Here's hoping you're forced to revise this upward several times in 2015 🙂 I'm also feeling your pain regarding patience, it's especially needed with newer portfolios like ours and I'm always finding myself wishing I were further along already. I can't complain though, because at least we know the path we want to take now. I'm excited to see such wonderful progress over here as we come closer to finishing the year. Keep at it this last month!

    Best,
    Ryan

  • weenie

    Reply Reply 2nd December 2014

    Hey Huw, I didn't realise GSK were the first shares you bought….snap! 🙂 Anyway, another great month for you and your updated goal looks pretty much done and dusted – great going! It's fantastic that you're now in a position where you receive dividends every month – what great progress from over a year ago!

  • 1MansMoney

    Reply Reply 3rd December 2014

    Well done! Always nice to finish a year strong. It's hard to believe 2014 is coming to a close already.

  • Huw Davies

    Reply Reply 3rd December 2014

    Hey Ryan,

    Good to hear from you. Thanks for stopping by!

    Thank you very much. I'm delighted with the progress I've made on dividends this year. I'm hoping that I can replicate this success next year and exceed my initial expectations again. I've pushed the boat out on my Net Worth and Freedom Fund goals for 2015. I plan on doing the same for Dividends too. I want to throw a big total out there and see if I can hit it.

    It's so true, these early stages of DGI are quite testing. You make huge progress from month to month, but it feels like you're still so far away. Patience is key! There's nothing wrong with slow and steady increases. You're right, we need to take credit for what we've done and take satisfaction on the increases we've made this year.

    Likewise, it's great to see you doing so well too. Thank you for the support. All the best my friend!

    Cheers
    Huw

  • Huw Davies

    Reply Reply 3rd December 2014

    Hit Weenie,

    How's it going?! Yes, GSK was my first DGI Investment. It put a smile on my first when you posted that earlier this year because I remember the feeling so vividly.

    Thanks for the kind words. November was a really solid month for me, and the dividend Goal for this year is going to be hit by the looks of it, and as you mention, I'm chuffed to bits with having a steady income stream every month now.

    All the best!
    Huw

  • Huw Davies

    Reply Reply 3rd December 2014

    Hi 1MansMoney,

    Thank you very much. you're right, where has the year?! I'm looking forward to wrapping this one up and setting up the platform for a big 2015.

    Thanks for stopping by!
    Huw

  • Huw Davies

    Reply Reply 3rd December 2014

    I promise I don't want to 'Hit' you Weenie. I just wanted to say Hi! 🙂

  • Dividend Mantra

    Reply Reply 3rd December 2014

    Huw,

    That's a really solid month there! I think you're making some outstanding progress, considering you've only been at it for a year. It's tough to get the snowball rolling from a starting stop, but every month helps build momentum. 🙂

    Congrats on smashing your first goal. Looks like you should easily move past your second goal as well. Here's to a strong finish!

    Best regards.

  • DivHut

    Reply Reply 3rd December 2014

    Thanks for sharing your recent dividend income update with us. Looks like another good month. Just remember that it takes a while before that snowball really starts to do some serious damage. If I get birthday money it goes towards stocks too by the way. Look forward to seeing how 2015 will finish.

  • Huw Davies

    Reply Reply 3rd December 2014

    Hi DM,

    Thanks, I'm really pleased with it too. You're spot on, it is tough to start with as the progress is slow, but the snowballs moving that's the main thing!

    It looks like I'll comfortably hit my V2 dividend goal, and I should be a little short of the £600 mark, which I'm really happy with. I won't be far from doubling my original goal now.

    Thanks for the encouragement!

    Huw

  • Huw Davies

    Reply Reply 3rd December 2014

    Hi DivHut,

    No problem at all. Thanks for stopping by and checking on my progress. Yes, November was a solid month for me, and it looks like December should be pretty decent too.

    I'm glad I'm not alone with spending my birthday money on investments. To me it's the ultimate gift, the one that keeps on giving!

    All the best
    Huw

  • weenie

    Reply Reply 4th December 2014

    Haha 🙂

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