Dividend income report – November 2019

Last month, I received over $475 dividends from 19 different companies.

Basically, I own a few tiny portions of high-quality blue-chip companies, and those companies work hard, make money and share their profit with me and other shareholders in the form of dividends.

I receive the money as pure cash and buy more shares of the companies when they go through a temporary setback.

If I don’t find good value, I pay down some debts and improve my buying power.

In addition, most of the stocks in my portfolios increase their dividends at least once a year. Therefore, I receive even more money even if I don’t add new money to work.

This simple dividend investing strategy really works for me. I was able to build decent size investment portfolios, which could generate around $11800 dividend income in the next 12 months (estimated income).

As many of you know, I am in the assets accumulation stage. Thus, I rarely sell investments unless they get acquired by other companies or any major changes in their business models.

Recently, I decided to sell two of my positions in my Canadian dividend portfolio because of the reason I mentioned above.

And, I haven’t yet purchased new investments from the money raised from the sales. For now, I just paid down some debts and may consider borrow back and buy new investments in the coming weeks or months.

As a result, my dividend income may take a temporary minor hit in the coming months, and also my debt level has dropped to below my 2019 goal. I will discuss more these recent changes in the next portfolio update post.

As always, I strongly encourage readers to consult a qualified financial adviser, consider potential tax implications and to do their own proper due diligence before taking any information from this website.

Let’s get back to the numbers.

I received $477.56 dividend in November 2019, which is 6.21% higher than the dividend I received in November 2018.

Summing up all the dividends I received in 2019, I came up with $9507.51. One of my short-term goals is to receive at least $10800 dividend income during the year of 2019. So far, I achieved 88.03% of the goal.

Dividend income from Canadian stocks

• XRE – $9.30
• PLZ.UN – $6.16
• NWH.UN – $3.33
• NVU.UN – $9.51
• FC – $9.36
• CAR.UN – $3.45
• REI.UN – $16.80
• PWF – $68.32
• ALA – $12.00
• EMA – $61.25
• IPL – $7.12
• KEY – $32.00
• RY – $105.00
• BMO – $72.10

Total dividend I received from Canadian stock holdings: $430.70

Dividend income from U.S stocks

• KMI – $12.50
• CVS – $7.50
• ZUD – $0.92

Total dividend I received from U.S stock holdings: $20.92

Dividend income from my International dividend portfolio

• ZDH – $25.94
Total dividend I received from my International investment holdings: $25.94

Total: $477.56

Total dividend I received for year 2019: $9507.51

Please note that I do not convert dividends received from U.S stocks to Canadian dollar, and I use a 1 to 1 currency rate approach to keep the math simple and avoid fluctuations in my dividend income reports due to changes in the exchange rate.

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 $11712.

One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 46.85% 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, and the process is much earlier than you think.

Thank you so much for your great support, encouragement, and being in my financial journey.