My monthly dividend income hit a fresh high last month, as I received over $1300 from 28 different income sources.
2019 was one of the amazing years for investors in terms of capital appreciation and dividend income.
So many companies from my portfolio increased their dividends by more than I expected, and their share prices went all the way up as well.
As a result, my dividend income and net-worth hit to fresh high by last year.
Long-term readers know that December is one of my ‘fat’ dividend income months. The monthly dividend usually fuels-up by special distributions from some of my holdings.
Thus, I received a higher dividend income last month.
2020
Now, we are in 2020.
The stock markets around the world continue having their momentum that was built last year as the bad news surrounding the markets were disappeared (at least for now).
Hopefully, it will be another good year for investors. We will wait and see.
Again, I am an income-focused dividend investor. Thus, capital gains or losses do not make any sense to me.
I like to watch my dividend income grow over time than the short-term paper gain or capital appreciations.
I believe many of my holdings will hike their dividends for the next few weeks. Usually, they do every year with their 4th quarter results.
And, they will continue to do so this year. I have no doubt about it.
Also, I will keep reinvesting my dividends to buy new shares.
So, my dividend continues to grow.
Therefore, I will be receiving even a much higher income than last month in March.
I am a very strong believer in compounding growth, and I have been witnessing its power in my own experience.
Its momentum is building up faster and faster. I feel that I have been moving forward in the right direction.
If things go well as I planned, I can reach my long-term goal of financial freedom by the time I planned.
Honestly, I am very happy with my results, and the investment strategy I am using to achieve my financial freedom.
Please understand that dividend investing is one of the ways to build wealth, but it is not the only one. There are multiple ways to create wealth such as growth investing, real estate investing, online business, etc.
I chose dividend investing but you could choose different ideas based on your knowledge, interest and risk tolerance, and educate yourself, develop a strategy and stick with it for the long-term.
For those looking to reach financial independence by using the dividend investment strategy, then I would strongly recommend you to read the following two books.
- Get Rich with Dividends: A Proven System for Earning Double-Digit Returns by Marc Lichtenfeld
- The Single Best Investment: Creating Wealth with Dividend Growth” by Lowell Miller.
A few dollars of investments in good books and training help you save & make thousands of dollars later in your life. The money I spent on learning is the best investment I made in my life.
Disclosure: Please note this post contains affiliate link. Therefore, I will earn a small commission if you use the links to make purchases or services (at no additional cost to you).
Let’s get back to the numbers.
I received $1336.51 dividend in December 2019, which is 15.18% higher than the dividend I received in December 2018, due to regular dividend increases and dividend reinvestments.
Summing up all the dividends I received in 2019, I came up with $10844.02. One of my short-term goals is to receive at least $10800 dividend income during the year of 2019. Therefore, I achieved my 2019 dividend income goal.
Dividend income from Canadian stocks
- BAM.A – $25.79
- CGX – $15.00
- XRE – $34.17
- BPY.UN – $127.60
- BEP.UN – $83.01
- BIP.UN – $194.40
- PLZ.UN – $6.16
- NVU.UN – $9.51
- FC – $9.36
- CAR.UN – $3.45
- NWH.UN – $3.33
- REI.UN – $16.80
- MFC – $12.50
- CHP.UN – $12.23
- CU – $109.90
- ENB – $191.88
- FTS – $112.21
- ALA – $12.00
- IPL – $7.12
- KEY – $32.00
- CNR – $69.88
- H – $26.56
Dividend income from U.S stocks
- SDY – $74.45
- VIG – $11.97
- DGRO – $62.97
- ZUD – $1.28
Total dividend I received from U.S stock holdings: $134.75
Dividend income from my International dividend portfolio
- IDV – $44.85
- ZDH – $26.13
Total dividend I received from International investments: $70.98
Total: $1336.51
Total dividend I received for year 2019: $10 844.02
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 $11 687.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 46.75% 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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Your blog is definitely an inspiration! I am just sorry that I didn’t start earlier. Question for you – What changes you plan on making in order to be ready for the impending doom & gloom being touted on TV & Media these days. Like you most of my current holdings are in good dividend paying stocks such as AQN, BPY, CNQ, ENB, FTS & Telus etc I intend to ride the downturn and am hoping that these continue paying out the dividends. What do you think?
Hello SJ,
Thank you for stopping by. I don’t make any changes to face doom & gloom, and I pay less attention to the media.
I am a long-term dividend growth investor. I buy more income when markets go down and do very little activities (mostly reinvesting dividends) when markets move higher.
It all depends on people’s risk tolerance. Some investors don’t want to see their portfolio values drop by thousands of dollars in a single day. But, I am kind of used to it. For me, if my income (dividend) continue coming to my accounts, then I am fine.
Cheers,
I love your monthly emails and keeps me very much inspired. I have a few questions for you if you have time maybe you could answer them. I’m currently 40 years old. I am very new to investing. As of september I moved my investments. I have 100,000 in an rrsp at rbc direct investing. Drip eligable. I hold BCE, BEP, BNS,NVU,MSFT, and 2 other small caps I’d like to see develop. When and if they do, I will sell them to purchase more dividend stocks. The only thing about rbc is they dont re invest partial shares on drip.
I am fortunate to have 12,000 in contributions into this rrsp yearly.
My goal is 1,000,000 in 25 years or less. But….I want a good position for passive income. I’m working on increasing my portfolio to expand more to renewable energy as I see lots of forward growth in the sector. I am strongly leaning to making a decent size position into transalta renewable. Hefty dividend and good growth. Any recommendation would be greatly appreciated for my small account size. Keep up the great work. I look forward to your emails.
Thank you again
Mark
Hello Mark,
Thank you for stopping by and your kind feedback.
Actually, I don’t recommend any stocks or provide individual investment advices. It is impossible to do without knowing your financial situations, risk tolerance, etc.
I am not a licensed or professional financial adviser.
I am only share my personal financial journey on this blog. So, someone can learn or get inspired and make their own decisions based on their financial situations.
I am so glad that we have similar positions. I hold BCE, BEP, NVU in my Canadian portfolio and I indirectly own MSFT shares via ETFs.
In renewal energy sector, I own AQN and BEP.UN in my portfolio. Also, some other utilities stocks have some exposure in renewal energy. A good example is Enbridge and TC Energy. Both of them have some renewal energy units. Also, NPI is also in my watch list.
In order to reduce risk, I would consider spreading my investments into multiple sectors; rather concentrate in all my holdings into one or two sectors.
Your goal of having $1 million dollar portfolio is easily achievable in 25 years with a small monthly contribution with positive mindset and consistent approaches.
Please do your own research or discuss with a qualified financial professional before make any financial decisions.
Keep up your good work and keep moving forward..
wish you all the best in your success!
Excellent month Finance Journey! Congrats on the great month and the new record. Keep raising the bar and pushing yourself.
Bert
Thank you Bert for stopping by and your feedback!