Yearly Dividend Income Update
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As of December 14, 2006 the yearly dividend income that I will receive in my dividend paying account is $1005 per year. This is a pretty good jump from my last reported figure on October 17, 2006, at which time my account would have thrown off $979 per year. I have attached a chart below that highlights the dividend income growth over the past couple of years.
The growth in income on this account has come primarily from reinvesting dividends into more shares. Every quarter when I receive a dividend payment, that money gets plowed back into more shares automatically. The result is that the next quarter I receive an even larger dividend payment. Depending on what the share price has done for the company, I may buy more or less shares than last time. The net result however is that my investments keep growing as my dividends increase. I love it.
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