Author: Mr and Mrs DDU.
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Ultimately, we want to grow our dividends so that they cover our expenses, when we reach that point: we will be financially independent. The earlier we can achieve this, the better. Every dividend received is a step on the financial security staircase.
Tracking it keeps us motivated and is a great way to see how far we’ve come, especially when it feels like there is so much more to go.
Our dividend updates and graphs run from 1st July to 30th June each year, lining up with the Australian tax year.
In March we were paid the following in cash and franking credits:
- Altium $0.42 cash and $0 franking credits
- Fortescue $336.26 cash and $144.11 franking credits
- Henderson Smaller Companies Investment Trust $29.24 cash and $0 franking credits
- Magellan $188.27 cash and $60.51 franking credits
- NAOS Small Cap Opportunities $43.47 cash and $60.51 franking credits
- Pengana International Equities $4.81 cash and $2.06 franking credits
That brings the totals to $602.47 cash, $225.31 franking credits and an overall total of $827.78.
Here is our dividend graph for the tax year:
March 2021: $174.92
March 2022: $827.78
Increase in dollars: $652.86
Increase in percentage: 373%
A very big increase for us, largely thanks to the Fortescue dividend.
As usual, we’re including a table showing all the dividends we’ve received since we started blogging so you can see the progress over the years. Our table is by calendar year. Here it is:
What we expect our rolling 12 months of dividends to be
In our dividend updates we have also decided to share what we expect the next 12 months of our dividends to be, based on our current holdings. This number will (hopefully) grow every month as we buy more shares.
Tracking this helps us see the progress towards our FIRE base level annual cashflow goal – a number we call “ramen noodle”, which just equates to a level of very basic living. Seeing our expected annual dividends growing is inspiring.
Current expected rolling 12 months of dividends are: $9,763 of dividends.
How was your March for dividends?
Thanks for reading this article about our investing journey Down Under. Onwards and upwards!