August Dividend Update (a milestone month)

 

ID-100188087My final August dividend has now been paid, and for the first time ever I have been paid over £1,000 in a single month. The actual amount I have received is £1,076.69, and this has been paid without me having to lift a finger, without any need to be at a desk 5 days a week, and without any crappy office politics to endure (I.e being polite to the idiot who is your boss). What is even better is that I just as I received payouts from the same companies last August, I should receive even more from them next August (plus interim payments in either January or February)

The increase in my SIPP dividends is 16.4% compared to last year (£952.20 vs £817.94) although this is boosted by an increase in my National Grid holdings, the payments from my ISA actually reduced compared to last year (£124.49 vs £145.22), this is because of the return of capital in Vodafone earlier this year reduced the number of shares by 450 (but I did receive £326.16 plus shares in Verizon).

COMPANYSIPPISATOTAL
£952.20£124.49£1,076.69
National Grid£413.10£79.59£492.69
Vodafone£298.80£44.89£343.69
United Utilities£240.30£0.00£240.30

I think that to be able to receive more than £1,000 in a single month (and this follows the £537.36 I received in July) is fantastic, and keeps me motivated to keep saving and investing as much as I can to reach the goal of Financial Independence. The one thing that is really exciting about the regular payment of dividends is the fact that I get to re-invest this back into more shares, and this will be the focus of my next post.

12 thoughts on “August Dividend Update (a milestone month)

  1. writing2reality

    Wow, congratulations on a killer month! A few more years and you’ll look back at this month as the point in which the dividends really started rolling in and compounding on their own!

    Reply
  2. Dividend Mantra

    FI UK,

    Congrats on the huge milestone! You’re really raking in the dividend income, my friend. 🙂

    Keep up the great work. Seems like financial independence is getting closer by the day for you.

    Best wishes!

    Reply
    1. Financial Independence UK Post author

      Thanks for your comment Jason, it is a great feeling, very much a one off at the moment, but it reinforces my motivation that FI is very “do-able” even for a normal working guy. When I do leave work, I will really be able to boost my income as the money in my employers pension scheme will be transferred into my SIPP and will add to the income.

      Keep up the great work

      FI UK

      Reply
    1. Financial Independence UK Post author

      Thank you for your kind comment.

      I would love to reach £2,000 in a month, need to keep feeding the cash and hopefully can get there not too far off.

      Reply
    1. Financial Independence UK Post author

      Hi DIY

      You have actually reminded me that I did start a post on this some time ago, but didn’t actually finish part 2. Now you have reminded me I will have to write a post.

      Thanks and good luck in your journey

      Reply
  3. Steve

    Cognrats on the dividend milestone! I’m still a few years away from dividend paying stocks, but I’m trying to soak up as much knowledge as I can!

    Reply
  4. Huw

    Hi FIUK,

    Congratulations on the amazing milestone! I find it very motivating and inspiring to see what continuous improvements can create over time with consistency and dedication.

    My expenses are currently averaging £837 per month. £1,000 from dividends would cover all of that and more. You can’t be too far away from your goal now of FI.

    Keep up the good work and thanks for sharing your good news!

    All the best
    Huw

    Reply

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