Being October almost half over I did my first investment this month and probably only one for September. I invested in very popular stock among the dividend investing community, as I bought 65 shares of Hormel Foods. A company with an amazing financial situation and currently a very fair valuation.

All in all, I purchased 65 shares of HRL at a price of 31.68 EUR per share. Based on a yearly dividend of 0.68 USD this makes it a yield of 2.15%. This investment now adds 44.20 USD before tax to my yearly dividend income. The HRL is not high yield dividend stock but it is dividend growth with a potential 10% dividend increase per year. Furthermore, HRL has increased its dividend for 50 years in a row.

How much dividend income am I expecting in the future

(Click on image to enlarge)

My goal until the end of 2017 is to have a dividend income of 1 400 EUR after tax.

Looking at my project dividend chart, I just can say I am on the right track to constantly improve my yearly dividend income. Being into dividend investing for 2 years I have not experienced one dividend cut so far. This just proves that the selection of my companies is not the worst one so far. I do also know 2 years is not such a long period of time :).

Please be aware this number might vary considering the changes in the exchange rate USD to EUR.