Dividend Income – April 2012

Dividend IncomeI usually tend to do my dividend income update in the middle of the month but my time was at a premium this month. I am however managing to update you at the end of the month :) April marked the second year anniversary of this blog and 2009 is when I officially started down my dividend investing path. It has been an great journey so far. I encourage you to take some time and look at my dividend income over the past 3 years and see how growing wealth can be done albeit slowly.

Dividend Income

April is a good month for my dividends. I earned $511.73. Earning $500 per month is what I am looking for in the short term to reach $6,000 per year in annual dividends but I really need to add more to my portfolio over the coming months if I want to reach $7,000. If I look at my projections for the coming months, I don’t really see my income going above the $520 per month and I need to reach $600. If you have done dividend investing, you know it means one of 2 things:

  • Add more money to generate more income
  • Find higher yields investments
I am in favor of the first point. I want to focus on adding money to my portfolio and buy dividend growth stocks. If I get the right stock, I know they can outperform. I did the analysis once with Just Energy and Embridge, it’s a eye opener when you extend your outlook to 10 or 20 years down the road.

Dividend Income - April 2012

Dividend Paying Holdings

Here is a list of my current holdings as of writing by accounts.

Broker Accounts (RRSP, TFSA, …)

Computershare & CIBC Mellon Accounts

I am currently spending time reviewing companies that I believe could provide me with a 10% growth over 10 years – also known as the 10/10 investing rule. As a hint, it would appear that Canadian National Railway is one of those companies.

Readers: Do you have any stocks on your radar?

Disclamer: Please note that this blog post represents my opinion and not an advice/recommendation. I am not a financial adviser, I am not qualified to give financial advice. Before you buy any stocks/funds consult with a qualified financial planner. Make your decision at your own risk – see my full disclaimer for more details.

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