Another record-breaking month for my dividend income!
In June, I received a record dividend of over $1230 from 26 different income sources.
Many of you know that I receive ‘fat’ dividends in March, June, September, and December.
Therefore, I will be receiving more dividend in September and even more in December as I continue reinvesting my dividend and buying more income-producing assets to my portfolios.
Plus, the income is also accelerated by fabulous dividend growth announcements from my high-quality management teams. Overall, the magic of compounding effect helps me to reach my goal faster than I planned.
Whether markets are trading at all-time high or 52 weeks’ low, dividends will be coming to my accounts every single month.
Honestly, I am pretty happy with my results and the strategy I use to reach my financial independence. I hope that I am in the right track and stepping forward in the right direction.
If things go well, then I can reach my goal in the next few years.
- Keep eye on dividends and ignore share prices
- Building Wealth – The Goose that laid the golden eggs
- How I receive low-interest loans?
- I borrow money to invest in stocks (leverage investing)
Let’s get back to the numbers.
I received $1232.93 dividend in June 2019, which is 14.63% higher than the dividend I received in June 2018 due to regular dividend increases and dividend reinvestments.
Summing up all the dividends I received in 2019, I came up with $5252.83. One of my short-term goals is to receive at least $10800 dividend income during the year of 2019. So far, I achieved 48.64% of my target.
Dividend income from Canadian stocks
- BAM.A – $25.85
- CGX – $15.00
- XRE – $9.75
- BPY.UN – $85.26
- BEP.UN – $83.44
- BIP.UN – $195.03
- NWH.UN – $3.33
- NVU.UN – $9.51
- FC – $7.80
- CAR.UN – $3.45
- DRG.UN – $3.33
- REI.UN – $12.00
- BEI.UN – $8.34
- MFC – $12.50
- ENB – $191.88
- FTS – $105.75
- CU – $109.90
- IPL – $7.12
- KEY – $24.00
- CNR – $69.88
- H – $26.57
Dividend income from U.S stocks
- SDY – $56.42
- DGRO – $50.55
- VIG – $9.47
- ZUD $0.49
Total dividend I received from U.S stock holdings: $116.93
Dividend income from my International dividend portfolio
- ZDH – $25.39
- IDV – $80.92
Total dividend I received from International investments: $106.31
Total: $1232.93
Total dividend I received for year 2019: $5252.83
Please note that I do not convert dividends received from U.S stocks to Canadian dollar, and I use a 1 to 1 currency rate approach to keep the math simple and avoid fluctuations in my dividend income reports due to changes in the exchange rate.
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 $11031.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 44.12% of my goal.
I hope I have been moving in the right direction toward my long-term financial goals and I am very happy with my results so far.
Learn about finance, live within your mean, save and invest in high-quality assets will help you reach your financial goals much earlier than you think.
Thank you so much for your great support, encouragement, and being in my financial journey.
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Long time follower first time poster.
Love what you’re doing, I have most of the holdings you do. I started my own journey as well with finance, but also showing other income opportunities such as side hustles and real estate.
Been in the securities industry for some years now, you’re definitely a pro. I’ll link you in my blog in my next post.
Stay Constant
Hello Mike,
Thank you for stopping by and your kind feedback. I am in the stock market for almost 6 years, but I would say I am still a learner, and leaner forever. It is very big industry and there are so much things to learn before call our self ‘PRO’ 🙂
Wish you all the best in your journey 🙂
Cheers,