This 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.
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
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.
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