Dividend income report – October 2017

In October 2017, I received over $660 dividends from 28 different income sources.

For last couple of weeks some of my holding (ENB, CGX and BEI.UN) have been struggling to find their bottom and the worst part BEI.UN cuts its distribution by 56%.

Distribution cut will negatively impact my dividend income in the upcoming months; however, I believe that many other companies, including my largest holdings, may start to hikes their dividend from the beginning of the next year.

Therefore, I can quickly recover from the losses, come back to track and continue my financial freedom journey. Since I’ve invested in over 70 companies in 10 different sectors, any negative sentiment in one or two companies or sectors won’t impact much my journey.

It will be minor set-back. I will take it as a learning experience and move on.

Financial is not my professional or educational background. I am an Engineering and Computer Science graduate (yes double degree holder), working in technology field, and have never taken a single course in financial field.

But, later I got interested in investing after read some investment related books.

I love to learn new techniques and try new ideas. I would say I am life-long learner. I read a lot, especially investment related books written by successful investors.

When you read a good book, you will get a full life experience of the author for couple of dollars. Return on investment from a book is extremely high when you apply the techniques and ideas in your real life.

Currently, I am reading a book called “The Little Book That Still Beats the Market” by Joel Greenblatt. I would say it is one of the best books for those who have no financial background.

Very easy to read book!

He uses a magic formula (ROIC & earning yield) to select best performing stocks, and the concept is very easy to follow.

Author, Joel Greenblatt, says the portfolios built using his magic formula have returned 30.8 per cent a year versus a 12.4 percent annual return from the S&P 500. It is an exceptional market beating return.

I haven’t yet tried his investment strategy, but it looks very promising. I may consider include his investment strategy when I select an investment for my portfolio.

The book is worth to read for those who are interested in learning about investing. You can find it from your local library or can be purchased here from Amazon.

Now let’s get back to my dividend income in numbers.

I received $669.95 dividend income in October 2017, and it is 9.78% higher than July 2016 which as $610.26.

Summing up all the dividends I received in 2017, I came up with $6510.25. One of my short-term goals is to receive at least $8000 dividend income during the year of 2017. So far, I achieved 81.37% of the goal.

Dividend income from Canadian stocks

• FC – $7.80
• TRP – $84.38
• CGX – $9.80
• CM – $32.50
• IPL – $6.75
• REI.UN – $11.75
• NWH.UN – $3.33
• NVU.UN – $9.51
• XRE – $9.15
• CPD – $5.00
• DRG.UN – $3.33
• CAR.UN – $3.20
• ZPR – $1.90
• KPT – $18.00
• BEI.UN – $23.44
• MRG.UN – $5.33
• AQN – $36.72
• TD – $90.00
• BNS – $79.00
• VNR – $29.00
• ALA – $26.25
• BCE – $96.86
• T – $49.26

Total dividend I received from Canadian stock holdings: $642.26

Dividend income from U.S stocks

• GE – $5.28
• CSCO – $4.35
• DPS – $6.96
• KO – $11.10

Total dividend I received from U.S stock holdings: $27.69

Total: $669.95

Total dividend I received for year 2017: $6510.25

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 $8420.

One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 33.68% 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: Please note this post contains affiliate link. Therefore, I will earn a commission if you decide to make a purchase (at no additional cost to you).

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