I 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 a 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.
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 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.
DISCLOSURE: Please note that I may have a position in one or many of the holdings listed. For a complete list of my holdings, please see my Dividend Portfolio.