Dividend Income: February 2011

Dividend IncomeLast month was a big month for me as my quarterly heavy hitters were paying. If you missed it, you can catch up with my January 2011 Dividend Income post.

I diversified my holdings slightly this month to adjust my sector allocation. I hinted that my energy investment allocation was a little high in my ‘How To Track Your Asset Allocation‘ post and I took a position in one of the income trusts I reviewed before the new year. I wanted to understand the landscape before the January 2011 conversion.

As it turns out, Liquor Store caught my attention and fits my diversification targets at the moment. Since Crescent Point Energy (CPG) happened to hit my sell target, I was able to take a position in Liquor Store (LIQ). I reduced my holdings in CPG by 40% and increased my allocation in my consumer discretionary sector.

Dividend Income

My dividend income for February 2011 is $345.20 compared with $200.07 for February 2010. That’s nearly a 75% increase over last year.

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.

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