Another month has passed by and it is time to report my favorite topic – dividend income.
Last month, September 2019, I received over $1200 from 28 different income sources. Wow!
It is a well-diversified income from multiple companies from multiple sectors. In the investment world, diversify means less risk.
Therefore, this income stream is less risky than my day-job salary.
Many of you know that I receive ‘fat’ dividends in March, June, September, and December.
Therefore, I am looking forward to receiving an even higher dividend income in December.
Besides, the income is keep growing by dividend growth announcements and my dividend reinvestments.
Overall, the magic of compounding helps me to reach my financial goal faster than I planned.
As a dividend investor, my full focus is on income than capital gain. Thus, capital gains or losses in my investments do not make any sense to me at least for now. Maybe it looks good on my net-worth update reports.
I have a strong belief that if we put my focus to improve my income now, then the rest of them follow themselves later.
Honestly, I am pretty happy with my results, and the investment strategy I am using to achieve my financial freedom.
I hope that I have been moving forward in the right direction, if things go well, then I can reach my goal in the next few years.
Please understand that dividend investing is one of the ways to build wealth, but it is not the only one. There are multiple ways to create wealth such as growth investing, real estate investing, online business, etc.
I chose dividend investing but you could choose different ideas based on your knowledge, interest and risk tolerance, and educate yourself, develop a strategy and stick with it for the long-term.
For those looking to reach financial independence by using the dividend investment strategy, then I would strongly recommend you to read the following two books.
- Get Rich with Dividends: A Proven System for Earning Double-Digit Returns by Marc Lichtenfeld
- The Single Best Investment: Creating Wealth with Dividend Growth” by Lowell Miller.
A few dollars of investments in good books and training help you save & make thousands of dollars later in your life. The money I spent on learning is the best investment I made in my life.
Disclosure: Please note this post contains affiliate link. Therefore, I will earn a small commission if you use the links to make purchases or services (at no additional cost to you).
Let’s get back to the numbers.
I received $1227.17 dividend in September 2019, which is 14.01% higher than the dividend I received in September 2018 due to regular dividend increases and dividend reinvestments.
Summing up all the dividends I received in 2019, I came up with $7953.43. One of my short-term goals is to receive at least $10800 dividend income during the year of 2019. So far, I achieved 73.64% of my goal.
Dividend income from Canadian stocks
- BAM.A – $26.13
- CGX – $15.00
- XRE – $9.60
- BPY.UN – $86.19
- BEP.UN – $84.11
- BIP.UN – $197.15
- NWH.UN – $3.33
- NVU.UN – $9.51
- FC – $9.36
- DRG.UN – $3.33
- CAR.UN – $3.45
- REI.UN – $12.00
- BEI.UN – $8.34
- MFC – $12.50
- CU – $109.90
- ENB – $191.88
- FTS – $105.75
- ALA – $12.00
- IPL – $7.12
- KEY – $32.00
- CNR – $69.88
- H – $26.56
Dividend income from U.S stocks
- SDY – $64.20
- DGRO – $58.77
- VIG – $11.05
- ZUD $0.73
Total dividend I received from U.S stock holdings: $134.75
Dividend income from my International dividend portfolio
- ZDH – $25.76
- IDV – $31.57
Total dividend I received from International investments: $57.33
Total: $1227.17
Total dividend I received for year 2019: $7953.43
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 $11353.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 45.41% of my goal.
I hope I have been moving in the right direction toward my long-term financial goals and I am very happy with my results so far.
Learn about finance, live within your mean, save and invest in high-quality assets will help you reach your financial goals much earlier than you think.
Thank you so much for your great support, encouragement, and being in my financial journey.
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