Dividend income report – March 2018

March was another amazing month for my dividend income. In fact, it was my best month ever!

I received over $1000 dividends from 48 different income sources – aka dividend-paying stocks. Most of them are well-known blue chip companies, and I am almost certain that we use one of their products and services almost every day in our life.

It is absolutely great feeling to receive such as passive-income, and it has been growing every single quarter from the beginning of my journey.

A few years ago, I was dreaming about making money from stock markets, especially with little effect from my end.

I did try some investment approaches at my early stage and made few mistakes. And, understood how not to invest by learning from the mistakes.

Then, I studied how successful investors have been making their money; learned their investment strategies, and read a lot about them and how they made their fortune with little work from their end.

And, I selected a strategy that matches my interest and risk tolerance, which was dividend growth investing. Thanks to two phenomenal authors & investors Derek Foster and Lowell Miller who shared their strategies with us.

I like Derek Foster’s book, Stop Working, and I already read it couple of times. Mr. Foster was a Canadian ordinary middle-class person like many of us who was able to reach financial freedom in his early thirties by investing in dividend growth stocks.

It is one of the must-read books for those looking to reach your financial freedom at the earliest possible. Please note that the stocks that he discusses in the book are little out-dated, but the concepts to retire early is evergreen.

Another book that I like a lot is “The Single Best Investment: Creating Wealth with Dividend Growth” by Lowell Miller. It gives you a strategy you could use to build wealth with dividends.

As I always say, the books that I bought are the best investment I made in my life. A small price I paid for the books gave big experiences, and helped me to avoid costly mistakes and guided me to reach this level. I would say the return on investment in a book is infinity.

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).

Let’s get back to the numbers.

I received $1045.83 dividend in March 2018, which is 14.96% higher than the dividend I received in March 2017. Summing up all the dividends I received in 2018, I came up with $2182.53. One of my short-term goals is to receive at least $9000 dividend income during the year of 2018. So far, I achieved 24.25% of the goal.

Dividend income report – March 2018

Dividend income from Canadian stocks

• BIP.UN – $157.04
• NWH.UN – $3.33
• NVU.UN – $9.51
• DRG.UN – $3.33
• CAR.UN – $3.20
• REI.UN – $12.00
• ZPR – $1.90
• ZDH – $5.13
• MRG.UN – $5.50
• BEI.UN – $10.43
• MFC – $11.00
• CU – $98.33
• ENB – $174.46
• FTS – $89.25
• ALA – $27.38
• IPL – $7.00
• H – $22.00
• SAP – $16.00
• SU – $9.00
• CNR – $59.15

Total dividend I received from Canadian stock holdings: $916.91

Dividend income from Small-cap Growth portfolio

• SYZ – $2.00
• HLF – $3.62
• DIV – $1.48

Total dividend I received from small-cap growth stocks holdings: $7.10

Dividend income from U.S stocks

• DGRO – $8.25
• IDV – $15.01
• SDY – $15.89
• XLV – $3.30
• MCD – $5.05
• WAB – $6.00
• XOM – $15.40
• AMGN – $6.60
• WFC – $5.85
• INTC – $6.00
• AFL – $2.60
• O – $2.19
• UL – $13.80
• HCP – $3.70
• ADM – $5.03
• TROW – $3.50
• UNP – $3.65

Total dividend I received from U.S stock holdings: $121.82

Total: $1045.83

Total dividend I received for year 2018: $2182.53

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 $9163.

One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 36.65% 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.