Dividend income report – April 2018

I received over $775 dividend from 34 different income sources in April 2018.

This income is growing even as my biggest holdings have struggled this year due to the concern regarding rising rate.

Anyways, I am an income-focused investor, and my investment portfolios are built with dividend growth stocks. And, most of them are from rate-sensitive sectors. Therefore, rising rate gives a headwind for my investments. But, the expectation of higher rate has already done the damages. Thus, the downside is minimal.

Also, it is an opportunity for me as I am still in buying stage. Thus, I keep reinvesting the dividend and adding more stocks to my portfolios. Sometimes I inject fresh capital and buying for more income.

At one point in the future, this dividend income will easily replace my day-job salary, and it will continue to add more wealth to my life. After that, I no longer need to trade my time for money as I do now. I could do whatever I want in my time.

I am waiting for the date of my Financial Independence. It is my dream. It is my journey.

Regarding my debts

My readers have expressed their concerns about my debts.

Financial independence does not necessarily mean that I am debt free, and I have no idea to eliminate my debts from my life. Debts are good if you use them correctly. I do understand my debt to net-income ratio and I maintain this metric less than 25% for my safety.

Robert Kiyosaki, the author of the best-selling book ‘Rich dad Poor dad‘, said debt is like a loaded gun. If you use it right, you can take advantage and protect yourself, and if you don’t know how to use it, then you may kill yourself.

So, if you don’t know how to use debts to build wealth, then do not use it at all.

Let’s get back to the numbers.

April dividend income

I received $776.65 dividend in April 2018, which is 24.53% higher than the dividend I received in April 2017. Summing up all the dividends I received in 2018, I came up with $2959.18. One of my short-term goals is to receive at least $9000 dividend income during the year of 2018. So far, I achieved 32.88% of the goal.

Dividend income from Canadian stocks

• FC – $7.80
• CGX – $14.00
• XRE – $9.90
• CPD – $4.90
• NWH.UN – $3.33
• NVU.UN – $9.51
• DRG.UN – $3.33
• CAR.UN – $3.20
• REI.UN – $12.00
• ZPR – $1.90
• ZDH – $5.40
• MRG.UN – $5.50
• KPT – $18.00
• BEI.UN – $10.43
• T – $50.51
• BCE – $117.03
• ALA – $27.37
• IPL – $7.00
• NWC – $16.00
• VNR – $36.25
• BNS – $82.00
• CM – $33.25
• TD – $100.50
• TRP – $120.75
• AQN – $44.56

Total dividend I received from Canadian stock holdings: $744.42

Dividend income from Small-cap Growth portfolio

• TCS – $1.25
• CWX – $3.50
• DIV – $1.48

Total dividend I received from small-cap growth stocks holdings: $6.23

Dividend income from U.S stocks

• CSCO – $4.95
• WMT – $5.20
• PEP – $8.05
• MCK – $1.70
• KO – $3.90
• O – $2.20

Total dividend I received from U.S stock holdings: $26.00

Total: $776.65

Total dividend I received for year 2018: $2959.18

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 $9251.

One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 37.00% 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.

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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