Today marks the first time in which I received a distribution from the Schwab Dividend Equity ETF (SCHD). I opened a relatively large position back in February so I received a total of $236.45 in dividends. Automatically reinvested, this amounted to 3.363 shares added to my SCHD position and an estimated $9.42 increase in forward income.
In addition to this dividend reinvestment, I made my weekly purchases of dividend growth stocks. The purchases of Essential Properties Realty Trust, American Tower Corporation, and Cogent Communications added another $6.96 of forward dividend income. All together, I added $16.38 to my annual dividends in a single day through dividend reinvestments and systematic weekly purchases of dividend stocks. As always this has been reflected in my real-time transaction tracker.
My annual dividend income is now sitting at $5,844. I am inching closer to a major personal goal of $6,000 ($500 monthly). I am hoping to hit this total in the next 6-8 weeks!
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