Last Friday we received the first dividend payment (SNH) from the first batch of securities we purchased back in July. It caught me completely by surprise. Although I had been anticipating it for several weeks, and had marked it on my various spreadsheets and calendars, I got distracted by travel to a family gathering this weekend and didn't even notice it in my account history until Sunday evening.
So now we have an additional $41.80 in our account. I feel like framing it and hanging it on the wall, much like the first dollar bill mounted above the cash register in a small business.
For now I've chosen not to automatically reinvest our dividends, mainly because I like to micromanage our finances. I will happily put that cash to use in some new investment in the near future. I may ultimately adopt a hybrid approach, allowing some companies to automatically reinvest while others do not. For now I'll keep the controls on manual while I get a feel for things.
Another dividend is scheduled
to pay out this Friday (CLF). I'll be ready for that one. Several
others will follow in September, which looks to be a big month for
dividends from the securities we own. I can't wait!