Dividend income report – May 2016

I received over $325 dividend income from 29 different companies in May 2016.

This is my fifth dividend income report for the year of 2016. Time is flying. I feel like we just had new year. Wow we are already in June now.

I usually receive less dividend income in February, May, August and in November.

Still we could do a lot with $325. It could cover my one month grocery expenses or it could cover for my utilities and telephone bills.

It is almost a week salary when I was working for a minimum wage.

OR..

When I reinvest this dividend income, it could generate more cash for the upcoming months.

As I always say I love when I receive cash from multiple sources.

If you would like to feel this happiness, then you have to start doing something about it. It doesn’t have to be investing in dividend stocks. It could be anything such as online income, writing a book, etc.

So, do something in your free time that makes you happy and also makes little extra money.

In fact, I earned around $200 from this little blog in May.

It is not a good idea to depend on just one source of income – I mean your day job.

Now let’s get back to the numbers.

I received $327.96 dividend income in May 2016, and it is 29.12% higher than May 2015 which is $253.99.

Summing up all the dividends I received in 2016, I came up with $2567.48 One of my short-term goals is to receive at least $7200 dividend income during the year of 2016. So far, I’ve achieved 35.57% of the goal.

Dividend income from Canadian stocks

• ALA – $12.38
• ZPR – $2.25
• CGX – $2.60
• CBO – $2.76
• CAR.UN – $3.05
• DRG.UN – $3.33
• CPD – $5.20
• IPL – $6.50
• XDV – $7.35
• FC – $7.80
• XRE – $9.06
• XTR – $10.00
• REI.UN – $11.75
• EMA – $23.75
• RY – $65.40
• BMO – $42.00
• MRG.UN – $5.00
• MTY – $5.75
• MST.UN – $5.85
• BEI.UN – $18.75

Total dividend I received from Canadian stock holdings: $250.53

Dividend income from U.S stocks

• PG – $16.74
• KMI – $6.25
• CL – $1.95
• VZ – $8.48
• GIS – $6.90
• T – $17.76
• OHI – $11.60
• HCP – $5.75
• SBUX – $2.00

Total dividend I received from U.S stock holdings: $77.43

Total: $327.969

Total dividend I received for year 2016: $2567.48

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 $7194, increased by $12 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 28.78% 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.

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