2006 was the first year I purchased a dividend yielding stock, and it was quite by accident, I didn’t even know it yielded a dividend when I bought it! I made a whopping $3 off of dividends that year.
In 2007 I did a bit better, I actually focused on buying a few small dividend stocks. My total gains (from dividends) for 2007 were $95.38.
Six solid months into the year and my quest for dividend stocks is proving far more fruitful. Thanks largely in part to a hefty jump start in investment collateral from selling off some shares of Apple and seeing a 63% return on a 12 month investment.
My goal for 2008 is to make close to $300 in dividends, in pursuit of that goal, I recently purchased 300 shares of a stock which is currently yielding a beautiful 18.80% dividend, paid out monthly. The stock itself has decent growth potential over the next few years as the market corrects itself, and in the meantime is setup in a dividend reinvestment program.
And while I’ve considered a lot of the bank stocks which yield decent dividends for my next purchase, I doubt I’ll invest in any of them considering the trouble the banking sector is in right now.
Anyone else trying their hand at dividend investing?
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June 30th, 2008 at 6:31 pm
[...] It’s no secret that I like to dabble in the stock market, and that I’m trying to generate a decent income from dividend stocks. [...]