Dividend Income – February 2013

Dividend Income - February 2013February 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.

Dividend Income

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 Income

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.

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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