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My Passive Income from Dividends and Coupons in October 2024: Everything Remains Stable!
Overview
October 2024 marked another successful month for my passive income strategy. Dividends and coupons continued to provide a stable stream of income, contributing to my financial goals.
Dividend Income
My dividend income for October totaled $1,250, a slight increase from the previous month. This growth is attributed to several factors:
- Increase in dividend rates for some of my holdings
- Additional investment in dividend-paying stocks
- Reinvestment of dividends received in previous months
Companies Contributing to Dividend Income
The following companies were the primary contributors to my dividend income in October:
- Johnson & Johnson: $350
- Procter & Gamble: $220
- AT&T: $180
- Coca-Cola: $150
- Verizon: $120
Coupon Income
In addition to dividends, I also earned $200 in coupon income during October. This income came from a variety of sources, including:
- High-yield savings account
- Certificate of deposit
- Municipal bonds
Benefits of Coupon Income
Coupon income offers several advantages:
- Provides a fixed rate of return
- Helps diversify income sources
- Can be used to generate additional passive income
Stability and Reliability
The stability of my passive income continues to be a key factor in my financial planning. Dividends and coupons provide a predictable and reliable stream of income, regardless of market fluctuations or economic conditions.
This stability allows me to:
- Cover essential expenses
- Save for future goals
- Invest in growth opportunities
Conclusion
October 2024 was another positive month for my passive income strategy. Dividends and coupons continued to generate a stable stream of income, contributing to my financial stability and long-term goals. The reliability and predictability of this income source provide peace of mind and allow me to plan for the future with confidence.