I break my own monthly dividend income record as I received over $900 dividend income from 41 different income sources.
This is the first time I receive over $900 dividend income in a month. I am very exciting to see these amazing numbers growing faster and faster.
Very soon I will hit $1K per month dividend income, hopefully by end of this year.
I started to build my dividend portfolio in March 2012 and I received $24.12 for the month. Exactly after five years, I received over $900 dividend income.
And, I received exactly $909 for the full year of 2012. After five years, I received $909.71 dividend income just in a month. What a coincident? I am very exciting to see these results in next five years.
At the beginning, I had no idea what I was doing. I bought some stocks and sold them with tiny profits. I was acting like a swing trader and looking for some quick profits. I had no financial goal or no real target.
Later, I learn a lot by reading great investment related books and blogs, set a clear financial goal and started to accumulate income producing assets. And, hold them for longer period of time.
Also, I started this website to publicly share my financial goals, investments, and my successes and failures. To be honest, this website helped me a lot to learn from like-minded readers.
This is why I encourage you to consider starting your own blog and share your thoughts and ideas in your interested field. This will really help you to learn more in your field and keep you motivated to be on your track to achieve success. At the same time, you could help and inspire for thousands of people who follow your blog.
Now let’s get back to discuss about dividend income generated from my investments assets.
Regular readers know that I receive higher dividend payments in the month of March, June, September and December.
I received $909.71 dividend income in March 2017, and it is 17.15% higher than the income I received in March 2016, which was $776.57.
Summing up all the dividends I received in 2017, I came up with $1813.61. One of my short-term financial goals is to receive at least $8000 dividend income during the year of 2017. So far, I’ve achieved 22.67% of the goal.
As I always tell you (readers), I am trying to inspire you by showing my small achievements to start your own journey to reach your financial freedom. It is not a rocket science. If I can do with a middle-class income, then you can do it too.
Now let’s look at my dividend income in numbers.
Dividend income from Canadian stocks
- FC – $7.80
- XTC – $4.00
- CNR – $51.57
- SU – $32.04
- SAP – $15.00
- IPL – $6.75
- FTS – $80.00
- ENB – $145.75
- CU – $89.38
- CGX – $4.73
- XRE – $9.80
- CPD – $5.12
- BPY.UN – $7.27
- BEP.UN – $69.04
- BAM.A – $26.10
- BIP.UN – $157.44
- DRG.UN – $3.33
- CAR.UN – $3.13
- REI.UN – $11.75
- ZPR – $2.10
- MRG.UN – $5.33
- BEI.UN – $18.75
- ALA – $17.68
- MFC – $10.25
- H – $21.00
Dividend income from U.S stocks
- PEP – $7.53
- IDV – $16.13
- SDY – $7.43
- XLV – $1.64
- MCD – $4.70
- NSC – $6.71
- XOM – $15.00
- WFC – $5.70
- INTC – $1.30
- AFL – $6.45
- UL – $10.66
- UNP – $6.05
- TROW – $5.70
- AMD – $4.80
- EMR – $4.80
Total: $909.71
Total dividend I received for year 2017: $1813.61
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 $7610.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 30.44% 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.
Disclosure: This post contains affiliate links, which means I will earn a commission if you decide to make a purchase (at no additional cost to you).
Hello, your progress showed the dividend growth investment is a sure way to go. Since last year, I was doing day trading, it is exausting and losing money game. Now I decide to go by holding long term and minimize the trade. However at this point, sticks are expensive, should I wait to enter? Also any thoughts on Canadian or us maeket? Should I hold both or favour one to another? Thank you so much to share, really appreciated.
Hello Zoe,
Thank you for stopping by,
Some people make lots of money from day trading. I found it is little stressful for me.
Actually, timing stock markets is impossible for anyone. Some analysts say it is time for correction, while others say the market will go higher for sometimes. So, it is impossible for me to guess. If I were you, I would start spread the money for year and start adding positions slowly.
Maintaining a good diversification is key to minimize risk. I would say both markets are my favorite; however, due to the unfavorable currency exchange rate between USD and CAD, I would stick with Canadian market for sometimes.
Please note I am not a financial advisor or professional. Please do your own research or discuss with a qualified financial advisor before even consider using the information from this website.
Best Regards,
Hi,
Do you receive your dividends in cash or do you set up a DRIP, or a combination of both, some shares paying out in cash and others in a DRIP?
Hello Brock,
Thank you for stopping by,
I receive my dividends in cash. I let the dividends cash pile-up in my brokerage accounts and deploy them to purchase additional dividend stocks at good valuation at the time.
DRIP is also a best way to build wealth, but personally I prefer to receive in cash.
Best Regards,
Hello Finance Journey,
You have a link for “great investment related books” which leads to Amazon.ca with a listing of investing books.
What were the names of the books, and authors names, of the books you read when you started investing.
I am just starting myself.
– An Ontario, Canada Guy
Hello Canada Guy,
Thank you for stopping by,
The first book I read about dividend investing is “Stop Working” by Derek Foster. The information is little old, but the strategy and ideas are worth to read. Very inspiration book for those who are thinking about early retirement.
Then I read the following (not in order):
The Intelligent Investor is little bit advanced, but really worth to read.
I hope this help you..
Best Regards,
Disclosure: This post contains affiliate links, which means I will earn a commission if you decide to make a purchase (at no additional cost to you).
Hi Finance Journey,
I have been following your posts for about 2 months and have read up on your journey so far and am very interested and inspired by your progress thus far! I wanted to start investing and I wanted to know what brokerage you use if any or how you trade. I know this might seem like a really stupid question but I want to know if I’m better off with one than the other as some of the ones I’ve seen charge more than others for their trades. Does this mean they have more to offer or does it even matter which one I use?
Continue on your journey to that million!
Hello Raj,
Thank you for stopping by and your comments 🙂
Personally I use Questrade and TD direct investing. It doesn’t mean other online brokerages are bad. They all have some advantages and disadvantages.
Before open an account, please ask yourself some questions:
1. how many trade you will make per month (some brokerages charge inactive fees)
2. how much money you are planning to invest first because some brokerages have a minimum requirements to start
3. what is your investment approach (DRIP, active trading, dividend, options, etc)
I hope this helps…
Best Regards,
Very exciting. Almost hit that 1k mark. You will do that this year. All the best.
Hello Buy Hold Long,
Thank you for stopping by,
1K mark will be great achievement. I can’t wait to see the magic number 🙂
Cheers,