Just before I began writing this post, my monthly dividend payout sat at $65.56. Since it’s nearly the end of the month, I decided I would update my tracking spreadsheet with the latest dividend payouts to get a better idea of what I might earn in the coming months. There were so many raises that I’m up to $68.92 a month. That’s awesome!
Now I know that with some of the assets I have in my portfolio, these payments will go up and down because they are funds – like SPHD, SCHD, BND, etc. So I won’t really reach a stable $70+ dollars a month in dividends until I get a few dollars over that number. But other stocks, like SYY and MAIN will likely continue to grow. I will also point out that the monthly payers don’t usually grow too much, but O and MAIN have been solid for me. Granted, I only have a few years of data, but they look pretty good so far.
The other thing I feel I must keep in mind is that the funds that are monthly payers generally have a higher expense ratio and so I’m losing out on more money in order to have more liquidity. So I’ll make more from SCHD than SPHD in the long run, but I will also have more frequent payouts with SPHD. It’s something I’m considering when I strategize about how I will move forward. I still think it’s easier for me to save when I see payments every month. But maybe that’s something for me to overcome.