Hallelujah! On Tuesday I received my very first dividend payment! From McDonald’s no less! Since I’m pretty excited about that, I’ll allow myself a one time use of a gif on this blog. Are you ready? Here it comes.
If someone told me one year ago that one day McDonald’s would write me a cheque, I would have burst into laughter – sweet maniacal laughter, that is. If the same person then told me that McDonald’s would pay me enough to buy a juicy BigMac I would probably have offered him a train ticket to the nearest lunatic asylum.
Boy, was 24-year-old me foolish and stupid.
When I was walking home from a long day at work on Tuesday my smartphone notified me of an e-mail from my broker: incoming transaction. I quickly opened the PDF file that was attached to the e-mail and saw in big bold letters: “Your dividend payment from 14 shares of McDonald’s Corp (28/08/2014) at 0.81 USD per share.”
That’s a total of 11.34 dollars in dividends!
Well, not really. A tax bonanza reduced the actual amount to $7.08 or €5.45, which is still a nice amount of money for doing nothing at all. I’ll take a free BigMac anyday!
Recently I wrote about how dividend investing cancels out my impatience in building my net worth. Let me tell you, receiving those first dividends from McDonald’s felt like a major victory, mostly against myself. The downside? Now I can’t wait for the next dividends to roll in.
In about a week French Big Oil company Total should wire a hefty sum of dividends to my account. A few short days later it’s Coca-Cola’s turn. Then General Electric. You can see why I like dividend growth investing so much. What’s not to love about having all these great companies working so hard to increase my income?
Since I’m so happy about my first dividend income, I can’t help but think you guys also must have been extatic when your first dividend payment hit your account. To the comments, now! How did you feel about receiving a dividend for the first time?