Another month has passed and it is already November, so it is time for one of my favorite monthly posts; the dividend income update September. Well it was another good month for my dividend income and I again managed to improve my income compared to the year before.

In terms of dividend income October was quite a good month, the only thing which disturbing the additional taxes for my ETF’s. This month it reduced my dividend income by more than 30 Euros. Nevertheless I managed it again to receive more dividends compared to last year. In total I received 85.96 EUR, last year it was 68.46 EUR.

Overview dividend income October

My total dividend income in October was 85.96 EUR or 98.57 USD that is an increase of25.56% compared to October 2017. The biggest portion this month came from the Altria Group 26.73 EUR and from General Mills 19.05 EUR. So besides the anger with the ETF taxes again a good month and most importantly I am managing it to increase my dividend on a year to year basis.

Conclusion

My average monthly dividend income in 2016 was at58.86 EUR and in 2017 it was at 120.58 EUR, for 2018 it is currently at 138.07 EUR.

My projected full year dividend income is now at1 928.86 EUR or 2 211.83 USD that means I have now an average of 160.73 EUR per month. So I still managed to increase my projected dividend income month by month. Nevertheless the still weakening USD is a little pain and the increases are little smaller than expected, but it is not the end of the world :).

Given the current market opportunities I am hoping that I can reach the 2 000 EUR mark at the end of the year. That would be really a huge accomplishment. At the moment I have especially an eye on IBM and AbbVie.

Again I have to say that investing in Dividend Stocks, ETF’s or whatever which is for the long run really pays you back. It is not that difficult you just need to focus on the long run. I am quite sure in the mid term a lot of us might have a portfolio in the deep reds. But this is time where we should buy and not sell. Investing is for the long term. I am now into that for three years and my snowball already starts to get bigger and bigger month by month. I am already curious where I am in 5 years from now on. It is just important to keep in mind:

Patience is one of your best friend on this journey!!

How was your dividend income in October?

Disclosure: I do not recommend any decision to the reader or any user, please consult your own research. Thank you for your understanding!