February is when dividend increases started coming in for many of my investments. It’s nice to see the increase in dividends. Without purchasing anything, the dividend increases will be adding $150.68 to my total annual dividend income for 2013. Small steps at a time, my dividends increase without lifting a finger.
Here are some of my best investments by sectors:
- National Bank TSE:NA has outperforms the other major banks and I bought them all in my non-registered account at approximately the same time. It has increased dividends twice a year for the past 2 years. If you look at my diversification, you’ll notice I am heavy on the financial side – I just could not pass on the bargain price of the banks at the time.
- Rogers Communications TSE:RCI.B has been my best telecom investments when you factor that it grows dividends by 10% regularly. A close second would be Telus which recently merged the non-voting shares with the voting shares.
- EnbridgeTSE:ENB has been my top performer in the energy sector. My only disappointment is not having more of them as I am holding it in my transfer agent account.
My monthly dividend income for February is $462.30! My monthly dividend income is not very balanced now. My latest purchases of 2012 has moved a lot of the dividends to the last month of the quarter. Being balanced is not really a concerned right now as long as the investments are the right ones for my portfolio.
Dividend Paying Holdings
I still have not made my TFSA contribution yet. I am targeting May to make my contribution and it will be of $5,500. This month, I am looking at reducing my taxes by doing my RRSP optimization with $2,500. With that contribution in my self-directed RRSP account, I will be purchasing another US dividend stock – probably a US Dividend Aristocrat in a sector hard to find in Canada.
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.