Dividend Income - July 2014

I plan on recording my monthly dividend payments on this blog for you all to see. I have a Goal for 2014 of producing more than £300 in Dividend payments. This post will collate all of the dividends I've received this month and how I'm tracking with the Goal. I will reveal which companies have paid, and how much they've contributed. 

I'm in the early stages of Dividend Growth Investing, yet I'm already witnessing the increased impact they are having on my monthly income. Over time the Dividends will continue grow and become more significant. My long term goal is to receive enough Dividend Income to surpass my monthly expenses. I need to remain patient in this early stage because success will not arrive overnight. I will continue to save large proportion of my monthly income (over 50% for 2014), invest as much money as I can afford, and re-invest all other income streams into Dividend Growth stocks. I will repeat this process consistently for several years to meet my goal of becoming Financially Independent by my 40th Birthday.

July Dividend Payments:

Tesco plc £36.87
GlaxoSmithKline plc £15.20
HSBC Holdings plc £4.47
Broker Loyalty Bonus £0.08
Total £56.62

July was my second biggest dividend income I've received to date. The total was marginally higher than the sum I derived in May, which was a previous best at the time. My personal best was set last month and it's likely that will be the highest payment I receive all year. 

I didn't receive any Dividends in July 2013 so there wasn't anything to compare. I'm looking forward to competing against myself next year. I've received a dividend payment every month in 2014, and this will continue throughout the year. It will be interesting to see how much I've progressed with Dividend Income next year.

I'm a step closer to the 2014 Goal of £300 in Dividends for 2014. The total is currently £250.23 which is 83% of the target. I'm still on schedule to reach the amount in September, and finish the year with £500.

Thank you for reading and for all of your support!

How was July for you? Did you set any Personal Bests? Are you on track to hit your targets for the year?