I received a record dividend of $1201 from 29 different income sources in March. The previous record was set in December 2018.
Many of you know that I receive ‘fat’ dividends in March, June, September, and December.
Due to recent purchases and dividend hikes, I could expect a record high dividend income in June.
As of this writing, the Canadian stock market (TSX) is trading at an all-time high.
Imagine how sentiments towards the stock have changed in a matter of months. Many investors were freaked-out and sold their holdings in December. Now the crown is back to the market and pushes the value to an all-time high.
Just imagine the situation of those who sold their stocks in December. Now, they have to pay a higher price to get back to the market or they need to sit on the sideline and wait for another crash.
Another crash may happen, but nobody can predict exactly when or how long it will take. Even during the crash, nobody can exactly predict the bottom.
Therefore, invest in higher quality stocks and doing nothing is the best actions we can do.
Actually, I am happy that the value of my assets has been increasing nicely; however, as an income-focused investor, I am fine with any market conditions.
Whether market trading at all-time high or 52 weeks’ low, I will receive my income.
- Keep eye on dividends and ignore share prices
- Building Wealth – The Goose that laid the golden eggs
- How I receive low-interest loans?
- I borrow money to invest in stocks (leverage investing)
Let’s get back to the numbers.
I received $1201.28 dividend in March 2019, which is 14.86% higher than the dividend I received in March 2018.
Summing up all the dividends I received in 2019, I came up with 2568.68. One of my short-term goals is to receive at least $10800 dividend income during the year of 2019. So far, I achieved 23.78% of my target.
Dividend income from Canadian stocks
- BAM.A – $26.53
- CGX – $14.50
- XRE – $10.65
- BPY.UN – $87.52
- BEP.UN – $85.36
- BIP.UN – $199.97
- NWH.UN – $3.33
- NVU.UN – $9.51
- FC – $7.80
- DRG.UN – $3.33
- CAR.UN – $3.32
- REI.UN – $12.00
- MFC – $5.31
- BEI.UN – $8.34
- CU – $109.90
- ENB – $191.88
- FTS – $105.75
- ALA – $12.00
- IPL – $7.12
- KEY – $12.00
- CNR – $69.88
- H – $23.00
Dividend income from U.S stocks
- NOBL – $21.62
- DGRO – $45.54
- SDY – $46.19
- XOM – $16.40
- WFC – $6.75
Total dividend I received from U.S stock holdings: $136.50
Dividend income from my International dividend portfolio
- ZDH – $23.43
- IDV – $32.35
Total dividend I received from U.S stock holdings: $55.78
Total: $1201.28
Total dividend I received for year 2019: $2568.68
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 $10735.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 42.94% 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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Awesome for such a young person to be doing so well. It is so easy to lose focus and sight of your goal
Thank you Terry for you comments 🙂
Cheers,