First Dividend Income!

Just a quick update as I totally forgot (how could I??) that I received my first dividend income last week from shares that I have only recently started to purchase as part of my portfolio diversification! Woo hoo!

It was only a little payout of £3.80 from my small holding of GlaxoSmithKline (GSK) shares but this should be the first of many dividend payouts over the coming years.  I’ll be adding it to the pot to purchase future shares.

Whilst I’m not aiming for dividends to substantially cover my expenses in the future, having a small regular income from them is my plan  – maybe they’ll cover my bingo membership….if I end up playing bingo!

12 thoughts on “First Dividend Income!

  1. Hi Weenie

    Welcome to the dividend income club, and the great thing about GSK is that they pay out four times a year.

    The payment may only be £3.80, but as the saying goes "from small acorns, large oak trees grow". I have just posted an article on how I am now really motivated as I can now see the dividend income really start to grow, and I hope you can experience this too in the future (you have the benefit of being young, so you can get years of growth).

    Best Wishes for your Journey
    FI UK

  2. Hi FI UK, thanks and yes, I look forward to more and bigger dividends in the future. I'll head over to your site to check out your post – I like to read how you experts are doing! 🙂

    Haha, I wish I did have the benefit of being young – doing what I can now to make up for lost time!

    Thanks for stopping by!

  3. Congrats, Weenie! Only last month I received my first dividend, so I can imagine how excited you are!

    I also can't wait for my first dividends of GSK to roll in after adding them to my portfolio last month.

    Keep it up,

  4. Congratulations Weenie!

    I agree completely with FI UK, this is just the start!

    I received under £10 for the whole of 2013, and I was pleased. It's all additional money for doing nothing right now. Every three months that money will continue to roll in, and it'll get steadily higher.

    Enjoy the bingo! 🙂

  5. Hi NMW, thanks! Yes, I saw your post, which prompted me to post about my own first dividend! It is very exciting and I may purchase more GSK in the future! Thanks for stopping by!

  6. Thanks Huw. Your progress on dividends helps spur me on and I enjoy following your updates. I look forward to my own amounts getting higher and higher, towards funding my bingo membership haha! 🙂

  7. Weenie,

    Congrats on your first dividend! The snowball rolling has begun. 🙂

    Keep up the great work. You'll look back on this one day when you're collecting hundreds or thousands of dollars in passive income every month with a fond smile.

    Best regards.

  8. Hi DM, thanks and yes indeed, the little snowball has started to roll! 🙂

    I've been following your progress on your blog, I'm aiming for just a slice of that success, so hundreds is probably more realistic for me rather than thousands!

    Thanks for the words of encouragement and for stopping by!

  9. Awesome. Congrats on your first dividend payment. I'm sure it was very exciting to see in your account. Just keep watching these deposits grow over time. It's downhill from here.

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