Dividend income report – May 2017

Summer is here. Oh yes. It is m my favourite season. I spend most of my time outside and enjoy the warm weather with my family.

We went for the Tulip festival in Ottawa during the long weekend in May and then went to Montreal for another weekend.

Also, we went for couple of short trips to parks and other entertainment places in surrounding areas.

Because my day job and the summer activities I am little busy nowadays.

I check all my credits cards, bank accounts and investment accounts once a week, and do some banking if needed. I don’t want to miss any credit cards due dates.

Also, I check my investment accounts once or twice a week and make one or two purchases using the money accumulate in my accounts. I invest for long term and my portfolios hold high quality dividend growth stocks that will continue to pay me while I do whatever I want.

Therefore, I don’t need to monitor my companies’ day-to-day activities. Instead, simply collect their profits in the form of dividend and spend my time with my family and friends. What a deal?

Last month, I received over $380 dividend income from 26 different companies.

This is my fifth dividend income report for the year of 2017. Long-term readers know that I receive less dividend income in February, May, August and in November.

I receive higher dividend income in March, June, September and December. Therefore, I will be receiving record high (my own record) dividend next month.

As I always say, you should consider creating multiple streams of income to secure your financial future.

Let’s say a person ABC working in a company called XYZ, and in an event that the company XYZ runs into serious financial problems the first thing it looks for to cut expenses (workforce) instead of dividend to its true owners.

When you own multiple companies like XYZ, then you could easily handle your financial situation even if XYZ cuts or reduces its dividend payment.

This is the reason I always encourage all this blog readers to consider creating more income streams instead of relying on one source.

Even if you don’t have much more or hard to save money to invest, you could still create multiple income streams using your unique skills. Everyone one you have a unique skills.

I hope you get some value out of this post.

Now let’s get back to the numbers.

I received $380.65 dividend income in May 2017, and it is 16.07% higher than May 2017 which as $327.96..

Summing up all the dividends I received in 2017, I came up with $2817.95. One of my short-term goals is to receive at least $8000 dividend income during the year of 2017. So far, I’ve achieved 35.22% of the goal.

Dividend income from Canadian stocks

• FC – $7.80
• CGX – $4.73
• BMO – $44.00
• RY – $69.60
• IPL – $6.75
• EMA – $26.13
• TD – $30.00
• PWF – $30.94
• XRE – $10.27
• CPD – $5.42
• DRG.UN – $3.33
• CAR.UN – $3.20
• REI.UN – $11.75
• ZPR – $2.00
• MRG.UN – $5.33
• BEI.UN – $23.44
• ALA – $17.68

Total dividend I received from Canadian stock holdings: $302.37

Dividend income from U.S stocks

• PG – $17.24
• KMI – $6.25
• CL – $2.00
• VZ – $8.66
• GIS – $7.20
• T – $18.13
• OHI – $12.60
• HCP – $3.70
• SBUX – $2.50

Total dividend I received from U.S stock holdings: $78.28

Total: $380.65

Total dividend I received for year 2017: $2817.95

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 $7818, increased by $202 from my last update because of recent purchases and dividend growth.

One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 31.27% 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.

---

---