A Path to Forever Financial Freedom
Dividend Income Updates - Q4 FY2016
It's the time of the year again where I try to tabulate all the dividend income received in the quarter and see where I stand in terms of passive income cashflow.
I am terming it as passive income because it's the closest to passive as I can get. Naturally it means having the management takes good care of the company and then we reap in the rewards as a shareholders of what's left in the profits.
I'm also excited because I've geared my portfolio purposefully towards companies that pay out decent amount of dividends so some of them may look slightly lesser geared towards growth but they are designed this way according to what I want it to be.
Ideally, I hope this will one day overtake what I am earning from my active income so it'll give me a peace of mind financially towards having more option on what I can do with my money and life.
The goals of financial independence have always been about freedom to me. I don't seek an escape from my life today or appears to be running away from something. I look to it as a long term goal which everyone is involved having the same target. It is an admirable merits which gives me a lot of things to say or different actions to take.
Having different income streams is not a must but a nice thing to have.
Some day in our lives, we will be faced with certain unexpected things that we may be wary of and this could include financial means, and having that buffer of money that you have will help a lot. I just can't stressed how much helpful it has been to me over the past couple of years since I began investing.
Without further ado, I've tabulated the dividend income for Q4 below.
Dividend Income Q4
The last quarter of the year has not been the best in terms of dividend income. In fact, I think I suck in the last quarter of the year :)
There were some companies paying interim but they aren't usually as significant as the other quarters.
| Counters | Amount (S$) | Ex-Date | Payable Date |
|---|---|---|---|
| Micro-Mechanics | 600.00 | 4-Nov | 18-Nov |
| First Reit | 169.60 | 25-Oct | 29-Nov |
| UMS | 150.00 | 29-Nov | 15-Dec |
| Total | 919.60 |
With that, I'm ending the year with $16,505 of dividend income received. It's a far cry from what I'm expecting it to be but with the recent reshape of the portfolio, I think 2017 would be a good year in terms of dividend income.
What about you? How did you fare for the year in terms of dividend income?
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
