Dividend income report – October 2016

I received over $600 dividend income from 29 different companies in October 2016.

The income is bit lower than I anticipated due to the sale of few stocks in the past.

The income is bit lower than I anticipated due to the sale of few stocks in the past.

We are almost at the end of the year, so I am pretty busy in cleaning up my dividend portfolios to minimize the investment risks.

I sold few stocks and ETFs and bought some dividend growers.

I took some profits, and for tax purpose sold some losers and risky investments.

Some ETFs I bought at the beginning of my investment journey for diversification purpose, now they were overlapping my dividend stocks. I sold most of them.

I will post the changes in my next portfolio updates.

Also, I am very busy in reading book titled “The Single Best Investment – creating wealth with Dividend Growth“, by Lowell Miller.

It is another best book for dividend investors that gives you confident in your dividend growth journey.

Every time when I read a book I learn something new and get full experience of the author. I am in the middle of the book now, but already learnt a lot from it.

I love reading books and learning about money and wealth building techniques.

Good books are the best investment for the money pay for them. Books give all sorts of ideas, confident in your field and full experience of the author for a tiny amount of money.

By reading a book, you could avoid costly financial mistakes for fraction of its cost.

My favourite place to shop for book is Amazon. We can read honest reviews from real people before purchase them.

So, why not buy a book for your holiday gift and feed your mind with wealth knowledge – invest in your knowledge.

Now let’s look at my dividend income in numbers.

I received $610.26 dividend income in October 2016, and it is 7.39% higher than October 2015 which as $568.25.

Summing up all the dividends I received in 2016, I came up with $5842.01 One of my short-term goals is to receive at least $7200 dividend income during the year of 2016. So far, I’ve achieved 81.14% of the goal.

I just have only two months to hit the goal 😀

Dividend income from Canadian stocks

• FC – $7.80
• TD – $96.25
• TRP – $84.76
• CPX – $39.00
• CGX – $4.73
• CM – $30.25
• BNS – $74.00
• GEI – $3.30
• BCE – $68.26
• IPL – $6.50
• T – $46.00
• XDV – $7.04
• XTR – $10.00
• XRE – $10.25
• CPD – $5.22
• CBO – $2.54
• DRG.UN – $3.33
• CAR.UN – $3.13
• REI.UN – $11.75
• ZPR – $2.15
• MRG.UN – $5.00
• AQN – $13.83
• MST.UN – $5.94
• BEI.UN – $18.75
• ALA – $13.26

Total dividend I received from Canadian stock holdings: $573.04

Dividend income from U.S stocks

• CSCO – $1.30
• GIS – $5.06
• DPS – $6.36
• KO – $24.50

Total dividend I received from U.S stock holdings: $37.22

Total: $610.26

Total dividend I received for year 2016: $5842.01

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 $7430, increased by $60.

One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 29.72% 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.

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).

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