My last dividend for the year came in on Friday; $53.55 from Saputo, who incidentally is acquiring Morningstar Foods for a whooping $1.45 billion. The news was better received than that of Walgreens aquiring Boots Alliance. My total for the year stands at $2,762.21.
Ever since I began buying stocks in 2008, I have loved keeping track of every single dividend received. I devised a fancy (to others, that would mean simple) spreadsheet into which I input the data. It easily helps me see dividend increases as well as various dividend totals (i.e. for each stock, for each year, total received).
I’m quite pleased at the way this is going.
2008 - $146.26
2009 - $1,377.91 (+842%)
2010 - $1,654.75 (+20%)
2011 - $1,838.32 (+11%)
2012 - $2,803.69 (+53%)
2013 - $3,632.95 (expected) (+30%)
The rate of dividend growth is obviously due to new capital being invested, as well as some pretty decent dividend growth.
I currently have $13,950 sitting on the sideline. If invested at a dividend yield of 3.5%, that would boost my 2013 expected dividends by $488, bringing the total to $4,120 per year.
I also expect to invest about $20,000 of new capital during 2013. At a dividend rate of 3.5%, that would equate to $700 per year in additional dividends.
My plan is to retire in 22 years. Come 2034, I’d like to supplement my defined benefit pension with about $80,000 in annual dividends. This should be plenty to guarantee an abundant supply of Amarones and Brunellos - oh yeah, and a happy wife!