Pay day

Pay day

It's payday. It's not the 27th of the month, but it's definitely payday. Lorillard just paid me their dividend, up $7% from last year. I don't know about you, but I've never had a raise like that from an employer, even during my biggest promotions (which actually only caused me more trouble).

The great thing about growing dividends is that no matter what you do - sleeping, lounging, daydreaming, sunbathing, drinking, dancing, or even working - you make money. And no matter how well you work (or how poorly you work), you get a raise every year.

Better yet. You don't have to wait until the 27th of the month to get your paycheck. With a well-stocked portfolio and quarterly dividends you can get income every week. Here's just an example of my portfolio in February:

Year Quarter Date Stock Dividend
2015 1 2015-02-26 MCD 0.85000
2015 1 2015-02-26 LO 0.66000
2015 1 2015-02-25 DOV 0.40000
2015 1 2015-02-20 JNJ 0.70000
2015 1 2015-02-13 TGT 0.52000
2015 1 2015-02-12 CVX 1.07000
2015 1 2015-02-12 AWR 0.21300
2015 1 2015-02-11 BP 0.60000
2015 1 2015-02-05 HCP 0.56500

In the end, at the end of the year, these dividends together represent a nice 14th salary. While waiting for them to completely replace the income from my salaried activity...

Well, it's payday, so I'm going to celebrate. Hasta luego.


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