I received over $290 from 25 different companies in February 2016.
This is my second dividend income report for the year of 2016. I am little bit behind the schedule to make this post as I spend more time with my one year old son.
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 income from day job.
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 $291.42 dividends and it is 24.95% higher than same period last year which was $233.23.
I usually receive little bit low dividend in February, May, August and November.
Here is the breakdown of my dividend income in February 2016.
Dividend income from Canadian stocks
- ALA – $8.25
- ZPR – $2.25
- REI.UN – $11.75
- CAR.UN – $3.05
- DRG.UN – $3.33
- CBO – $2.80
- CPD – $5.40
- XRE – $9.29
- XTR – $10.00
- XDV – $7.96
- PWF – $18.63
- EMA – $23.75
- IPL – $6.50
- RY – $51.35
- BMO – $42.00
- CGX – $2.60
- FC – $7.80
Dividend income from U.S stocks
- OHI – $11.40
- T – $17.76
- CL – $1.90
- GIS – $6.60
- KMI – $6.25
- PG – $16.57
- VZ – $8.48
- HCP – $5.75
Total: $291.42
Total dividend I received for year 2016: $820.26
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 $7100, increased by $795 from my last update due to my recent purchases and dividend growth.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 28.40% 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.
Hi There,
Your information is interesting, however I have a few questions
Dividends come in every quarter, can you explain how you get it every month? Also, investing your money and is not compounding, its going to take a very long time to reach a million dollar portfolio if the price is not ringing high. Your money is based on your stock price going up and down. You would really need to compound is you want it to hit the Millions. What are your plans about that. What I see is living out of 10k or even 20k of dividends per year is not enough in the future don\t you think
Hope to hear your ideas on this…thanks
Hello Vince,
Thank you for stopping by,
Most of the companies pay dividend in every quarter and some pay in every month. I have over 60 stocks in my portfolio. Some pay in January, some pay in February and rest pay in March, and repeat. So I receive dividend every month from different companies.. I hope this make sense to you.
As you said, compound growth is the key to build wealth. Majority of my stocks are dividend growers. Therefore, they increase their dividend at least once a year. And, when a company increase its dividend payment, then in most case price follow.
So even without new money, my portfolio will hit the million dollar with dividend reinvestment and dividend growth.
I hope I answered your question..
Cheers,
I love your blog. Mar 27, 2016 is a special day because I happened to come across your blog. You will reach a milli for sure, thank you for sharing your journey with us.
God Bless the Internet and people like you, shows me that there is still hope in this world that we can accomplish so much more by working together.
Hi AM,
Thank you so much for your kind words. I am so glad you like this little blog. Wish you all the best in your success as well.
Best Regards,