I received over $775 from 42 different companies in March 2016.
This is my third dividend income report for the year of 2016. I am little behind the schedule to make this post as I spend more time with my 14 months old son.
I keep breaking my own records. Yes, it is the highest dividend income I received in a single month so far.
I am sure I will break this records in June 2016 once again as my dividend income grow with time.
As always, feel so great to see money pouring into my brokerage accounts from multiple high quality companies, and the income is much well diversified, pure passive and much safer than a single day job income.
This multi-streams of income is growing year over year with new capital, dividend reinvestment and dividend growth.
At one point in the future, these dividend incomes will cover my expenses. The moment, I will declare myself as a financial freedom guy.
I received $776.47 dividends and it is 52.20% higher than same period last year which was $510.16.
Summing up all the dividends I received in 2016, I came up with $1596.73. One of my short-term goals is to receive at least $7200 dividend income during the year of 2016. So far, I achieved 22.17% of the goal.
Here is the breakdown of my dividend income in March 2016.
Dividend income from Canadian stocks
- ALA – $12.38
- BAM.A – $16.64
- CVE – $5.50
- CGX – $2.60
- CNR – $46.88
- VGG – $2.09
- XDV – $7.96
- XTR – $10.00
- XRE – $9.29
- CPD – $5.40
- CBO – $2.77
- BEP.UN – $28.50
- BIP.UN – $121.82
- SU – $29.00
- MFC – $18.50
- FC – $7.80
- IPL – $6.50
- DRG.UN – $3.33
- CAR.UN – $3.05
- SAP – $13.50
- REI.UN – $11.75
- ZPR – $2.25
- FTS – $56.25
- ENB – $145.75
- CU – $81.25
- MRG.UN – $5.00
- MST.UN – $6.01
- BEI.UN – $18.75
Dividend income from U.S stocks
- PEP – $7.03
- IDV – $13.58
- SDY – $7.81
- MCD – $4.45
- NSC – $6.49
- XOM – $14.60
- WFC – $5.63
- AFL – $6.15
- ADM – $4.50
- EMR – $4.75
- TROW – $5.40
- UNP – $5.50
- UL – $10.06
Total dividend I received from U.S stock holdings: $95.95 USD
Total: $776.47
1.0 CAD = 1.0 USD
Total dividend I received for year 2016: $1596.73
Estimated passive income
For those new to this site, the Estimated passive income is the income I estimated to receive in a year based on my current investments holding and their distribution rate.
My Estimated passive income is currently at $7080, decreased by $20 from my last update due to the sale of CNQ stocks.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 28.32% of my goal.
I am very happy with my results and achievements so far. I hope I am moving in the right direction toward my long term financial goals.
Live within your mean, save and invest in high quality asserts will help you achieve your financial goals much earlier than you think.
Thank you so much for your great support, encouragement, and being in my financial journey.
Hello! I strongly applaud the goals of your Finance Journey and thank you for creating this interesting web site! I hope to learn much from your own experience and perhaps also share some of my own ideas with you. I am so glad that I found your web site. Your experience (financial project) is so similar to my own! 🙂
Recently, I started (re-) building my own portfolio of stocks. I too have a plan for my passive (investment, mostly from dividends) income to become equal to my current (and future, I hope!) active income and preferably before I retire. I am farther from my own goal than you are (my Passive / Active Income ratio is currently at 3.33%), but I am optimistic and hopefully realistic that I will eventually arrive there. I haven’t yet calculated my own time frame to reach that Passive equals Active goal; I should totally do that. At the moment, I mostly investing into high-quality Canadian stocks. The main reason for this approach is the still relatively high premium on the US dollar when buying US stocks. I do most of my research using Royal Bank’s Direct Investing research tools (Morningstar Stock Screening tool). I plan to Buy & Hold onto my shares instead of trying to time the market. I previously lost $$ trying to do that, so I am now staying disciplined.
My methodology is this: invest in equal portions of every sector of TSX (and later on US stock exchanges such as NYSE) so that if any of them decline, the negative offset would be balanced by theoretical increase in other sectors. I think it’s a good way of creating a balanced portfolio.
I try to pick companies with healthy financials, reasonably large market cap, paying at least 3% in dividends, with Buy recommendation from Morningstar, stocks that are not currently overvalued. I focus more on stable, dividend payments and less on share price going up (of course it’s nice if it does). I don’t have many REITs in my portfolio yet; I don’t know enough about them yet. I have DRIP active on both my taxed and untaxed (RRSP) accounts so that if a dividend payment is large enough, new shares will be purchased automatically (saving me a $9.95 trade fee).
These are the stocks that I bought most recently
Healthcare / Healthcare Facilities: DR:TSX (Medical Facilities Corp.)
Real Estate ( REIT – Healthcare Facilities ): NWH.UN:TSX (NorthWest Healthcare Properties REIT)
Services / Personal (Death) Services: PLC:TSXV (Park Lawn Corp.)
Services / Retail (Drugs): PJC.A:TSX (PJC Jean Coutu Group Inc.)
Consumer Cyclical / Auto & Truck Parts: MG:TSX (Magna International Inc.)
Financial / Money Center Banks: TD:TSX (Toronto Dominion Bank), BNS:TSX (Bank of Nova Scotia), RY:TSX (Royal Bank of Canada)
Financial / Regional Banks: NA:TSX (National Bank of Canada)
Financial / Investment Services: IGM:TSX (IGM Financial Inc.)
Financial / Insurance (Life): MFC:TSX (Manulife Financial Corp.), POW:TSX (Power Corporation of Canada)
Health Care: MRK:NYSE (Merck & Co Inc)
Hello Wojciech,
Thank you for your kind feedback and sharing your journey with us. Some people prefer to time the market, but it may work for them. I am a buy and hold investor.
I also like DRIP program, but I prefer to collect dividends and purchase a undervalue stock at the time when I have enough money to make the move.
Thank you once again for sharing your recent picks.
Best of luck!
Nicely done. 🙂 You’re more than a quarter of the way to your long term $25K goal. Keep up the great work. I think we’re doing about the same now in terms of dividend income rate. I’m on track to hit somewhere between $7K and $8K this year.
Hello Liquid,
Thank you for stopping by,
Yes, I am moving toward my financial freedom goals 😀 . Best of luck in your journey!
Cheers,