September was another exciting month for my dividend income journey as I received record high dividend income from 46 different income streams.
I am keep breaking my own dividend income records every three months. This is the beauty of dividend growth investing.
I received over $866 dividend payments from 46 different companies in September 2016.
This income would be little higher if I have the 25 shares of ENB that I sold in June 2016. But, I had to make that hard decision in order to minimize the risks in my investments.
Regular readers know that I receive higher dividend payments in the month of March, June, September and December.
Hopefully, I will break this record once again in December. I don’t know what direction the stock markets will go in the coming months or years, but I can certainly (almost) count that my dividend income will be keep growing month-over-month & year-over-year.
Now I have over $1400 cash in my non-registered accounts. And, I am looking to deploy this money to purchase more cash generating machines (dividend growth stocks) in the coming days. This could add another $60 per year to my passive income.
Wow, I am so exciting to see the increasing cash flow in my bank accounts. It is like a dream because I am getting paid every few days for doing nothing, and the payments keep increasing year-over-year.
Also, the payments are more secure than my day job. Who wants to say NO for this type of income streams? Will you?
If you have a plan to start receiving dividend payments like this, first you should educate yourself before start investing in stock market using your hard earn money.
Reading great investment related books is one of the best ways to learn about stocks. Recently, I had a chance to read the book called ‘Get Rich with Dividends: A Proven System for Earning Double-Digit Returns’ by Marc Lichtenfeld.
It is a great book for new and experienced investors, and it has a clear and easy to follow strategy to become a successful dividend investor.
A tiny investment in great books will give a big return and avoid costly mistakes in your real life. So make sure educate yourself and keep reading good books and blogs to improve your financial IQ.
Now let’s look at my dividend income in numbers.
I received $866.32 dividend income in September 2016, and it is 47.23% higher than September 2015 which as $588.43.
Summing up all the dividends I received in 2016, I came up with $5231.75 One of my short-term goals is to receive at least $7200 dividend income during the year of 2016. So far, I’ve achieved 72.66% of the goal.
I suppose to have reached 75% of my short-term goal by end of September, but I am slightly behind the schedule. I hope I will hit the target by end of December.
Dividend income from Canadian stocks
- ALA – $13.26
- BBU.UN – $0.18
- BAM.A – $16.88
- FC – $7.80
- CVE – $5.50
- CGX – $4.73
- CNR – $46.88
- SU – $29.00
- MFC – $18.50
- SAP – $15.00
- IPL – $6.50
- FTS – $69.38
- ENB – $132.50
- CU – $81.25
- CGX – $2.70
- XDV – $7.92
- XTR – $10.00
- XRE – $9.22
- CPD – $5.61
- CBO – $2.54
- BEP.UN – $35.25
- BIP.UN – $132.93
- BIP.UN (Split $21.97) – $21.97
- VGG – $1.60
- DRG.UN – $3.33
- CAR.UN – $3.13
- REI.UN – $11.75
- ZPR – $2.25
- MRG.UN – $5.00
- MST.UN – $5.97
- BEI.UN – $18.75
- H – $21.00
Dividend income from U.S stocks
- SDY – $8.37
- PEP – $7.53
- MCD – $4.45
- NSC – $6.49
- XOM – $15.00
- WMT – $15.00
- WFC – $5.70
- INTC – $1.30
- AFL – $6.15
- IDV – $16.95
- AMD – $4.50
- EMR – $4.75
- TROW – $5.40
- UNP – $5.50
- UL – $10.95
Total: $866.32
Total dividend I received for year 2016: $5231.75
I have updated the portfolio pages with these changes.
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 $7370, increased by $15.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 29.48% 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).
Kudos on a great dividend income month. I think you are going to reach your annual goal of $7,200. A record December dividend month will really help.
Hello IH,
Thank you for stopping by,
Yes, I create my portfolio for constant cash-flow single month, hopefully, I will reach my 2016 goal by end of December.
Cheers,
Congrats on receiving a record high amount from your dividends. You put up an impressive year over year figure as well. I look forward to getting my next TROW dividends as it’s a new position for me. Thanks for sharing.
Thank you DivHut for your comments.
I love to see pure passive income flow into my bank accounts every month without doing nothing. The feelings are hard to explain in word 😀 . TROW is a great dividend grower, hopefully you will enjoy the income streams in next few months.
Cheers,
Congratulations on the record high dividend month! An army of people are out there working hard to make their investors rich.. How great is that?! My retirement account is full of dividend paying securities and I couldn’t be happier.
Hello FS,
Thank you for stopping by,
Always great to get increasing free cash-flow without doing nothing 😀 .
Best Regards,