With the completion of recent stock purchases, total shares owned increased by 10% from the end of March. Total increase in shares owned is up 15% since the beginning of 2016, both very encouraging numbers. More shares owned means more money per month in dividend income, which also means more shares purchased with reinvested dividends. It's a snowball effect and the snowball is on a roll!
With the 3 year stock purchase plan I recently initiated and reinvested dividends, I expect the momentum to continue. Haven't done complete calculations, but it looks like I've already reached my target goal of increasing dividend income by 50% in 2016! Which doesn't mean I'll be coasting through the rest of the year. It would be great if, instead of just increasing income by 50%, it would increase by 75% or even 100%. Whatever it ends up being, it's looking like it's going to be a very good year.
Thursday, April 21, 2016
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