Dividend income report – December 2017

I hit a milestone of $1000 dividend income in a single month. It is a great achievement for me, and I strongly believe I continue to break my own records in the coming months.

Yes! I received $1025 dividend income in December 2017.

This is a pure passive income. I will be keep getting this money in my bank accounts every quarter whether I am at work or in a sunny beach. In fact, I received most of these payments automatically in my accounts while I was enjoying almost 14 days of holiday in December.

Regular readers know that I receive higher dividend income in March, June, September and December. Most of my big holdings hike their dividends in first and second months of the year. Therefore, my March dividend income will be little higher than this one.

It is not an overnight success story. It took me almost 5 years to get this point. If I can keep maintaining this momentum, I strongly believe that I will be in much better position in another 5 years.

I worked really hard to make money and worked even harder to save some money after hefty tax and other deductions, and invested the saving into diversified high quality dividend stocks. After years of this slow and boring approach, I started to feel benefits of ‘compounding power’.

As many of you know, we are an one income middle class family with a 3-years old kid. If I can do this, then you can do even better than me. All you need is right reason with right mindset of financial freedom.

I am sharing all these information in this blog because I just wanted to inspire people to think about their financial freedom and live their life as they wish, instead of trading their life for money.

Let’s get back to dividend income report.

I received $1025.22 dividend income in December 2017, which is 19.33% higher than the income I received in December 2016, which was $859.12.

Summing up all the dividends I received in 2017, I came up with $7947.29, which is 12.74% higher than my 2016 dividend income.

One of my short-term financial goals is to receive at least $8000 dividend income during the year of 2017, but I achieved only 99.34% of the goal. I missed my goal by $52.71 or 0.66%.

Now let’s look at my dividend income in numbers.

Dividend income from Canadian stocks

• BAM.A – $21.74
• FC – $7.80
• CGX – $9.80
• XTC – $4.00
• IPL – $7.00
• BPY.UN – $45.04
• BEP.UN – $72.50
• BIP.UN – $141.66
• NVU.UN – $9.51
• CAR.UN – $3.20
• NWH.UN – $3.33
• DRG.UN – $3.33
• REI.UN – $11.75
• ZPR – $1.90
• ZDH – $1.62
• MRG.UN – $5.50
• BEI.UN – $23.44
• MFC – $10.25
• CU – $89.38
• ENB – $154.50
• FTS – $85.01
• SYZ – $3.25
• ALA – $27.38
• HLF – $3.62
• SAP – $16.00
• SU – $8.00
• CNR – $51.56
• H – $22.00
• CPD – $5.00
• XRE – $9.15

Total dividend I received from Canadian stock holdings: $858.22

Dividend income from U.S stocks

• IDV – $18.88
• SDY – $50.29
• XLV – $3.64
• MCD – $5.05
• KO – $11.10
• WBA – $6.00
• XOM – $15.40
• AMGN – $5.75
• WFC – $5.85
• INTC – $5.45
• AFL – $2.25
• O – $2.12
• SBUX – $3.00
• ADM – $4.80
• EMR – $4.85
• UNP – $6.65
• TROW – $2.85
• UL – $13.07

Total dividend I received from U.S stock holdings: $167.00

Total: $1025.22

Total dividend I received for year 2017: $7947.22

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 $8414. One of my 2017 goal is increase my estimated passive income to $8400 by December 31, 2017. I am very happy to say that achieved this goal 🙂

One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 33.66% 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 to achieve 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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