Dividend Income – December 2012

Dividend IncomeI am finishing the year strong! I am ending the year with my biggest dividend income month. Considering I took at step back a few months ago when I sold all my mutual funds, I am pretty pleased with the results of my new investments and how I have all my accounts set up for TFSA, RRSP, RESP and non-registered accounts with Computershare and CanStock.

If you did not catch my last Dividend Stock Analysis, I reviewed Canadian Natural Resources TSE:CNQNYSE:CNQ . It’s an interesting company with a very attractive valuation right now if you are willing to wait.

Dividend Income

My December dividend income is $550.16! It’s my biggest month ever and it beats my previous month by 1 dollar :) I can imagine what you are thinking – biggest month by one dollar; what’s that big deal. Look at the graph below and see how I was able to recover since October. Selling my mutual funds cost me over $100 in dividend income per month and I was able to safely get it back up there without chasing the yield. I admit that I have high yield stocks and I have written that some high yield stocks have space in a portfolio.

Any future magic in dividend growth will come from saving and investing new money. Saving is the fastest way to grow a portfolio.

Dividend Paying Holdings

No new trades planned before the end of the year. These are the stocks I will finish the year with. If you read my ‘How To Rebalance a Stock Portfolio‘, you will notice that I highlighted I was not on target for utilities. I own a fair number of them but the amount is not high. I plan on making this a priority in the new year. Enbridge and Fortis are going to see more Computershare contributions and I want to add back Emera.

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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