Dividend Income – May 2015 (plus some other bits and bobs)


plan on recording my monthly dividend payments on this blog for you all to see. I earned £9.88 in the whole of 2013, £590.33 in 2014, and I have a goal to earn £2,000 in Dividends for 2015. 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 have three accounts where I’m currently earning Dividends from – I have an ISA account with H&L and iWeb, and a taxable share account with iWeb. 


May Dividend Payments:
H&L ISA
Admiral £50.96
British American Tobacco £15.09
Lloyds Banking Group £0.26
Royal London Sterling Extra Yield Bond £19.81
Standard Chartered £44.23
Loyalty Bonus £0.08
Total £130.43
iWeb ISA
Amlin £84.75
Total £84.75
iWeb CMI
Chesnara £33.06
Lloyds Banking Group £9.75
Petrofac £41.39
Standard Chartered £40.51
Total £124.71
Combined Total £339.89

May’s dividends were my best ever, and have made a considerable impact on my monthly average. At the end of April my average was £103.46, and thanks to this bumper month it’s gone up to £150.75. To be on track with my 2015 Dividend Income Goal (£2,000) I need to bring in £167 per month. My dividend income is very sporadic so I’m not expecting to hit that amount every month, but I’m pleased to see my monthly average is now well within reach. I’m also due to have substantial dividends in June. Not as high as this month, but still above my monthly goal of £167.  

Over the course of 2014, my dividends averaged £49.19 per month. I received a dividend payment in every month last year, so I can now make a Year-on-Year comparison for every month. In May last year I received £55.29. This represents a 514increase Year on Year. May was a landmark month for me last year, and it looks like it’s done it again.

Dividends – 2015
January £83.47
February £56.22
March £172.36
April £101.80
May £339.89
June
July
August
September
October
November
December
2015 Total £753.74
2015 Average £150.75

I haven’t been through my forward dividends for June yet, but it looks like my monthly average will increase to something very close to £167. 


My Goals

As it stands right now, my forward dividends will be short of my annual goal. The only way for me to achieve the £2,000 I’m looking for is to continue buying DGI stock each month. You may have noticed my lack of presence on this Blog and a lack of comments on other peoples Blog within this community. Please don’t be concerned. This Blog is still important to me, but my time is mainly being taken up with my work on Kindle Publishing. 

I’ve had an initial discussion with my manager about my future, and the possibility of working part time. They were very encouraging and reassuring. I want to use my disposable income to fund more work in kindle, rather than investing in stocks or selling my current portfolio to fund my work. I’ve really cranked things up now, and I have some ambitious goals. I’d like to earning what I earn in my employment with Kindle by December 2015. Yes that’s right, I want to be earning £3,000+ a month not £1,000 in 7 months. I know how, I believe in myself and I just have to do it now. It’s a matter of time!


How? What’s changed? 

My knowledge and mind set most of all. I’ve learned how to upscale my business, how to market my books properly and get better results than I was already getting. I have a team of Virtual Assistants working for me now. I have a working schedule, and I’ve hired more writers. There’s always more to do too – Hence my lack of writing! Any spare moments are spent sourcing new book ideas, creating paperback copies or audio copies. June income should increase, but I’m expecting July to be much better. 

I will continue to post my dividend income, purchases updates, my income/expenses, and Net Worth. I’ll just be slightly quieter than normal. 

Once I become FI, I’ll have the opportunity to do much more writing than I did previously, and as I mentioned above if things go as planned that could happen in 2015, which seems unbelievable right now. I’ll also move to a hosted site and turn things up a notch on the Blog side of things. 

How was May for you? I can’t be the only one who had a great month – Let’s hear from you! How are you getting on with your targets after 5 months? 

0 Comments

  • weenie

    Reply Reply 4th June 2015

    Hey Huw

    Firstly, congratulations on a fantastic May for dividends – that year on year increase always makes me laugh, although appreciate it's not going to be like that every year!

    Secondly, your ambitious goal of earning your current salary with Kindle writing by the end of this year promises to be very exciting and is a huge leap from your original goal. I really admire your ambition and with your drive, I can't see anything other than you being successful in this endeavour! No wonder you've been rather quiet on the blog front as you've been extremely busy behind the scenes working on this!

    May was good for me, I had a 'bumper' dividend payout – I seem to have underestimated the dividend income I am likely to get this year; that or I've bought more shares than I planned to, thus deviating from my investment plan!

    Looking forward to reading more about your new 'enhanced' Kindle plan!

  • Wooooooah! What a bombshell you just dropped almost hidden in the updates post there?!

    FI in about 1 year from Kindle publishing, that is ridiculous (in a good way obviously) 🙂

    Great going and hope it pans out as you expect. Good idea about going part time as well if they'll let you… hopefully be joining my club (well for me in September) as men of partial leisure very soon then 🙂

    I love the fact that you find the time to build all of this in your spare time. For me it is putting the cart before the horse and I just can't seem to find the time to build anything else up until I free up some big chunks of time. When that happens I am hoping to go nuts with my plans (after a brief period of kicking back and relaxing I would think)

  • Laura

    Reply Reply 4th June 2015

    Well done on receiving so much from dividend payments last month, onwards and upwards I say. You are doing amazing with Kindle and I wonder how you are achieving this. Are your books on investing?

  • Dividend Drive

    Reply Reply 4th June 2015

    Well done, Huw! What a brilliant month. I had an excellent May as well. Second best one so far. It will slow down quite a bit the next couple of months. However, at the moment I am running just a little short of a £100 per month average. Way ahead of what I was expecting at the start of the year!

    The Kindle project is really ratcheting up! Glad to hear it too. Clearly you have a lot of ambitious plans for it. Very excited to watch it develop. I agree with the FireStarter: you disguised that massive news in your goals very nicely!

    Keep up the great work!

  • Tawcan

    Reply Reply 5th June 2015

    Congrats on having a great month. Seems to me that you're making excellent progress on your Kindle ebook income. That's very exciting!

  • Anonymous

    Reply Reply 5th June 2015

    Huw

    A great month for dividends for you. I fully understand your drive for Kindle there is a massive potential once you get the process right and have your books in the right niches.

    My dividends for May was £705.68 which when coupled to our rental property income means we are almost there. We have made some more cuts to our expenses and are now saving in excess of 80% of our income every month. It looks like there are exciting times just around the corner for both of us.

    Richard

  • Huw Davies

    Reply Reply 12th June 2015

    Hey Weenie,

    Thank you very much. I was chuffed to bits when I was adding it up last month! May is going to be one of those great months for me with Dividends. It's only going to grow and expand.

    It it ambitious and it's totally possible too. The only things that are getting in my way are my job and me! The amount of time I spend at work 8am-5.30pm, Mon-Fri (roughly speaking with commute), prevents me from making the type of progress I want to be making with Kindle. If I weren't at work. I would be able to run the Kindle business the way I want, expand further, Blog much more frequently, and coach other people how to as well.

    I plan on leaving this Blogger format and following M's advice. I'd like the Blog to be bigger with Youtube videos, coaching, regular posts etc. It is quite frustrating that I'm unable to give it the time it deserves. For me personally, I just need to focus on getting my income nailed for the bigger win of employment freedom and getting time back. Wish me luck!

    Congrat's on the bumper month yourself. You're dividends are starting to ad up nicely now aren't they!

    Thank you as always for keeping in touch even with my lack of writing. I really appreciate it!

    Cheers
    Huw

  • Huw Davies

    Reply Reply 12th June 2015

    Ha ha. Well that's the plan TFS anyway.

    I will achieve FI, that's for sure. Will I do it by the end of the year….who know's. I think it's very likely that I'll be going part time at least this year. I've been shown how someone makes $15,000 a month doing this (£9,000 a month). I know how to and it isn't rocket science, but it's a lot of work. I want to get busy and I'd happily take 1/3 of that.

    If I hit FI this year, I'll make a promise to you that I'll drive down to your house and buy you a beer at your local to celebrate our new found freedom – How does that sound?!

    I appreciate the kind words, but I do find it challenging at times. I'm frantically trying to write replies to all the comments from all you wonderful people, trying my best to give each one the time it deserves, whilst looking at my horrendous 'to do' list on kindle. It NEVER stops honestly, There is always another book to source, cover to make, communication to be had with my team etc.

    I do enjoy it don't get me wrong. My problem is I want to do everything, and sorry to sound cliche, but there aren't enough hours in the day. I've brought my sleeping down to 6-7 hours a night and I KNOW that isn't good for me, and not a long term strategy. I fully believe that when the income and time start going my way it will get easier and easier though. I just need to put the work in now as FI and £10,000 a month is totally worth it.

    Thanks again for stopping by!
    Huw

  • Huw Davies

    Reply Reply 12th June 2015

    Thank you Laura. I'm delighted with the monthly number! It's moved a long way in 18 months!

    My books aren't on investing. They're on all sorts of topics. Actually anything you can think of. I get people around the world to write for me and I publish the work. I'm hoping to generate enough income doing this to cover my current salary by Dec 15.

    Thanks for stopping by!
    Huw

  • Huw Davies

    Reply Reply 12th June 2015

    Thanks D2!

    Great news on the dividend front for you. Hitting that triple digit average is a nice milestone to get past. I'm now looking to hit the £250 pm average, which will take a little longer, but it's so rewarding to see our hard work pay off with results like this. Keep up the good work!

    The Kindle Project certainly is moving up. I'm hearing a lot of people mention that, and of course I'm talking about it a lot, and I want to deliver it. I'd like to think I'm the type of person that leads with action rather than words, so please keep an eye on my 'results', over the next 6 months and don't get too drawn into the 'words'. I have big goals, I know how to achieve them, and I just need to do it, but there's a lot of work to be done, and a load of things that could get in the way of it. I'm making steady progress and I think from July onwards my results will start to increase further.

    I want to hit £500 a month in Kindle by July, then £1,000 by Oct, and hopefully £3,000 by Dec. (JUST WORDS)

    As always I'll let everyone know what I earn each month so you'll exactly what I end up doing.

    Wish me luck!
    Huw

  • Huw Davies

    Reply Reply 12th June 2015

    Thank you Tawcan for your continued support. Despite my lack of communication. I really appreciate it!

    It's very exciting for me, and I'm pleased other people get a kick from it too. I'm hoping that I can now deliver on what I'm telling people. I believe that I will, it's just a case of timescales.

    Cheers
    Huw

  • Huw Davies

    Reply Reply 12th June 2015

    Hi Richard,

    Thank you very much. I agree, the Kindle Income is now flown past my dividends in a fraction of the time, and with a fraction of the investment start up cost. It's an outstanding investment!

    Speaking of which, WOW, your dividends are fantastic. Congratulations Richard, you must be delighted! Rental Income on top, and yo're making a start with Kindle – World watch out!

    80% saving rate is truly inspiring. I love the way to keep expenses low and drive income up. I'm currently trying to do the same thing. It's a powerful combination isn't it!

    Thank you for sharing your numbers, they're inspirational to me and I'm sure to others too. Keep up the good work and please keep me posted!

    Huw

  • Beer down at mine sounds spot on. Cheers!

    I feel much the same in terms of hours in the day. Going overboard with the busyness now is fine as long as you know it's only going to be relatively short term. I've been surviving on 6-7 hours sleep for years now and let me tell you it is definitely not good long term. I'm looking forward to a few lay ins as well when winding down.

    If you can blitz side hustles for just one year and then kick back very soon after, that is a great situation to be in though and it's weird how more people don't try similar things. I wish I'd done that years ago!

    Don't worry about replying to this btw 🙂

    Cheers

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