- 284 dividend payments / 365.25 days/year = 77.75%
If I wanted to reach getting ~365 payments a year, I will need 365 - 284 = 81 more dividend payments. If the average stock pays four dividend payments a year, I need about 20 more dividend paying stocks to reach getting paid approximately once per day from stocks.
Now, I have quite a few stocks/ETFs (exchange traded funds) that pay monthly, or 12 times per year. If I bought more of these, I'd only need about seven more stocks/ETFs to reach getting paid approximately once per day.
Here are the updates numbers on the dividends I've received in 2018 -
The average dividend payment is still pretty low, at about $0.43 per dividend payment, but that will increase once I start buying more shares of shares I already own, along with those companies increasing their dividend payment.
My current Mission is to reach ~365 dividend payments by the end of the 2018 calendar year.
Signed,
Mitch
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Thanks for your thoughts!