• $22.37 was received in February 2019.

• 106% YOY growth was achieved compared to February 2018.

• $75 has been earned YTD.

• This is the 21st dividend income update on my way to financial independence.

Another month has passed so it’s time to report how much dividend income was earned. 

In total, I received $22.37 in dividend income for the month of February 2019.

Although this was not a record setting month, it was still nearly 106% more dividend income compared to last year. That’s an even higher rate of growth than the 86% rate that was posted last month!

Triple digit growth may be hard to come by going forward, though, so I must try to appreciate the lower months just as much as the $50 months. Financial independence is a long term project, after all.

Anyways, February was another solid month of progress for the portfolio. The $75 earned during the first two months is significantly more than what was earned during the first two months of 2018. Plus, 106% YoY growth was achieved and 3 dividend raises were announced.

Key Numbers | Dividend Income Update # 21 | February 2019

Dividend income earned in February 2019: $22.37

Total 2019 Year to date dividend income: $75

Total dividend income in February 2018: $10.86

YOY growth compared to February 2018: 105.99% increase (Up $11.51)

How many stocks paid dividends in February 2019: 4 (no change since last year)

$595 left to achieve the $670 Target

$595 more must be earned to achieve the goal to earn $670 in 2019.

With 10 more reports to go this year, I will need to average $59.50 per month. However, it is more likely that a few higher months for income near the end of the year will get me there.

Fortunately projected dividend income is up again this month thanks to the 3 dividend raises that were announced. I look forward to sharing more details on how much progress was made since the $542.12 that was projected recently.

Concluding Thoughts

Perhaps one of the most telling numbers of all is the $75 figure because it is representative of the progress made since 2017.

I mean, I’ve already received $16.86 more than I did during the entire year of 2017.

It also won’t be too long before I’m reporting that I’ve surpassed 2018.

It’s obvious that dividend investing is a viable strategy to reach financial independence if you maintain even an average savings rate over a long enough timeframe.

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