Dividend Income – December 2011

Dividend IncomeIt’s time for my last dividend income of 2011!!! My journey to achieve $5,000 in dividend income in one year was a near miss… but I am still quite satisfied considering I made some changes during the year to buy dividend growth stocks over high dividends stocks. I managed to earn a grand total of $4,742.75. My yield on cost for the year is 4.92% compared with a current market yield of 4.80%. Many of my holdings are setup to increase their dividends over the coming years which will help grow my dividend income through my DRIP and compound growth.

Dividend Income

December is a low month for me and I earned $366.19 for the month. I have added a couple of investments to my portfolio since my last update but I won’t see any dividends until the new year. I welcome National Bank and Manulife to my portfolio.

National Bank increased their dividends twice this year. They are the 6th biggest bank in Canada and do not have as much exposure to the international markets as do the other banks. They are positioning themselves to compete and grow nationally as well.

As for Manulife TSE:MFCNYSE:MFC , it’s an opportunistic investment with a good yield. I recently wrote about the life insurance sector as a potential opportunity but it’s a risky sector with the low-interest environment we are in.

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

Join 6,000+ Investors & Build a Winning Portfolio