So I mentioned last week that I bought some stock. I took my April money and made a May purchase. Everything together I had just under $200 to spend. So I put some more money into Realty Income Corp, to up my monthly dividend.
This trade took my cash down under $1.00 so I got in another share, but barely.
What does this do for my portfolio? Well, now I've got 4 new shares of this guy. At the current dividend of $0.1895 it gives me an added dividend of $0.76 per month. With the other 4 shares I have it makes my monthly dividend on this stock $1.51. Not bad. That's $17.28 each year. For doing nothing. I like that. But that's not all because reinvesting these dividends is going to compound. Last month the dividend of $0.76 bought me 0.0161 shares so I'm sitting with 8.0161 at the moment. So instead of $1.51 I'll get $1.516.
That half a cent in a dividend on my dividends and it is a beautiful thing. I can't wait to get some bigger money in here and see that half cent climb.
End of the week I'll write my first post on how I'm earning this money. Until then.
Is your money making you money?