September Dividend Income

30 Sep 2020 21:45
Tags monthly_income

Back to list of posts


After 33 years of clocking in and out of work and religiously saving 10% annually every year, in good times and bad, I have decided to share my monthly dividend income to show what regular saving and investing can accomplish.

For the month of September I made $3,754; an increase of +39.5% versus this time last year. This is the first month benefitting from my portfolio repositioning that I worked on from June thru August and it is finally nice to see progress once again. I still have a few holdings whose dividends have been suspended but for the most part COVID related dividend issues are behind me.


I continued with my weekly M1 Finance contribution of $120 for a total of $480. The overall dividend yield of my M1 pie slightly increased to 3.671% as the market started September off very weak.

Overall my M1 Finance accounts contributed $20.53 to this month’s dividend totals. Looks like this portfolio is finally paying steady double digit monthly dividends.

I also provided a link to my M1 Pie for those interested in seeing all of the individual holdings.


My age 53 goal (I’m 51 for those not in the know) had an increase of 3.11%. Next month is my 52nd Birthday and I need to be at a minimum of 88% complete towards my goal, sitting at 87.89% complete I feel pretty confident I will meet my target.


For those not familiar with my Age 53 goal, I plan in 7 year increments and targeted to have 57% of my expenses to be covered via dividend income and to be at 115% for my next 7 year target at age 60. Why 115%? This was based on a multiple bear market/crash analysis I performed back in 2018 that showed my optimal portfolio to withstand a long term bear market with high inflation would be to have dividend income of 115% of expenses and the equivalent of 9 months of expenses in cash.

Comments: 0

Add a New Comment
or Sign in as Wikidot user
(will not be published)
- +

Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License