Dividends in 2006: Quite a lot more than I had thought!

I just got my tax statement from Ameritrade yesterday (Form 1042-S), which reminded me of how much money I had earned from dividends and other income in 2006.

I was quite surprised by the total, and how much tax I had to pay. Anyway here are the figures. It’s not bad considering that my total portfolio didn’t much exceed $11,520 on January 1st, 2006. That’s a return of about 7.9%, not including increase in the value of the stocks, AND only about 75% was invested in stocks bearing a dividend. I just worked it out about 10% gross return on dividend stocks! Not too shabby.

SourceAmount
interest$0.98
dividends$769.86
royalties$4.61
royalties$61.01
capital gains$76.62
Total$913.08

Naturally, my interest in dividends has been piqued much after reading this statement and 10 good reasons to buy stocks with dividends.

Disclaimer: I do own dividend stocks, and have done well myself. You may not do as well as this. Do your own due diligence before you buy ANY investment or financial product.

Author: InvestorBlogger

Investorblogger.com takes you on a 'Random Walk To Wealth' through money, investing, blogging and tech. We'll explore my insights, mistakes, and experiences together.