
I recently received my September dividend for the PayPal Money Market Fund. This time around, I earned $10.60 on my balance, which is a bit lower than I expected. I did have to make a sizable withdrawal in the middle of the month to pay off a couple of bills, but I thought the increased yield (currently 5.21%, up from 5.03-04%) would result in a slightly higher dividend. Obviously my math skills need some work!
Anyway, I’ve been in the fund since December ‘06 and have earned $112.61 thus far. My lowest payout was $0.71 and my highest was $19.67, so I was pretty much in the middle for September. I’m going to try to withdraw as little as possible this month to see if I can get at least a $12 or $13 payout for October.