Dividends and passive income for April 2012 was close to $600. This was contributed mainly from selling off my Pacific Andes rights and collecting the dividends that were also paid out by Pacific Andes. Pacific Andes is a stock that I have been holding for some time now but I just did not feel comfortable taking a bigger position so I did not subscribe to the rights issue.
The rest of the money actually comes from the monthly dividends that I receive from Gamco Global Gold and Natural Resources Trust (previously called Gabelli but now re-named as Gamco). GGN (the stock ticker symbol) provides me with $30+ dollars per month. That is after the 30% withholding tax deduction which is quite huge if you ask me.
Nevertheless, I am satisfied with April 2012's dividends and passive income received. May 2012 should also be a good month for me.
[17 May 2012 Update: Actual dividends for April was actually above $700. Realised that I underestimated the dividends and sale of rights arising from Pac Andes]
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I totally agree with your opinion. The companies usually promote the hard cash dividend recipients to reinvest them in the firm. The reinvestment of dividends is not one and only benefit of the institution but besides the shareholders themselves. So this is good way to get benefits.
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