Dividend Income – August 2011

Dividend IncomeThis month, I welcome 2 new holdings to my dividend portfolio: Johnson & Johnson NYSE:JNJ and Coca-Cola NYSE:KO. I made  a slight change in my dividend portfolio due to the economic circumstances and unloaded Just Energy (JE) and Cominar REIT TSE:CUF.UN. My new holdings have a lower dividend yield but I am banking on these two dividend aristocrats to continue increasing their dividends. Over time, dividend growth should beat a high dividend yield. I had nearly a 10% yield with Just Energy so it will certainly have an impact on my goal of reaching $5,000.00 in dividends by the end of the year.

Dividend Income

My Dividend Income for August 2011 is of $380.49 compared with $290.00 last year. My projection has me earning $4,785 by the end of the year which is $95 less than I was on target for before making a change in my holdings.

For those just starting with dividend investing, you don’t need a large amount of money to get started. In fact, my Computershare account is worth $1,998.17 and my CIBC Mellon account is worth $792.60. It’s simple to get started and it cost very little. See my post on ‘How To Start Dividend Investing With Little Money‘. Starting early allows you to leverage the power of compound growth and put your money at work!

Dividend Paying Holdings

See my current holdings as of writing by accounts. As you can see, most banks and utilities are held under the Transfer Agent firms. I purposely selected such companies for those accounts as I believe I can buy shares regularly to increase my holdings without the fear of buying at the wrong time.

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.

DISCLAIMER: 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 investment decisions at your own risk – see my full disclaimer for more details.

Image: Master isolated images / FreeDigitalPhotos.net

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