How are you doing during this roller coaster ride? One day green, the other day red and then the cycle repeats. If you are in your accumulation years, I hope you are taking advantage of the down days and if you are in the retirement years, I hope you are setup to protect yourself from those down markets.
My August dividend income landed at $889.42. I know with certainty now that I will earn over $10,000 this year in dividend income provided there is no major dividend reduction.
I have maxed out my TFSA for the year and all previous years as well. RRSP contributions are regular from my pay and now that I have adjustment my mortgage payments in favor of investing, I will have more money to invest. It’s good timing with the markets but I hope it will allow me to start filling my wife’s TFSA account.
Most recently, I have come around to add Saputo TSE:SAP to my holdings. It is ranked 26 on the Canadian Dividend Performance List at the beginning of September with a 71% opportunity score. Saputo is a great fit for my portfolio and is one of the core holdings I have been writing about.
- Consistent dividend payer
- Part of the 10-10 dividend grower list
- Low payout ratio with consistency under 40% over 10 years
- International exposure to avoid being tied to just Canadian markets
It is the first stock addition to my list in a long time. When I first started building my portfolio, I was focused on Canadian stocks and with the great value of the Canadian dollars over 2 years ago, I opted to build many US stocks in my portfolio with international conglomerates. I got near 30 stocks and decided against building what would look like an index if I continued to add new stocks and instead added to my current 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.