Dividend Income – January 2015

Dividend Income - January 2015First dividend income report of the year! I wish I could start it with a bang but January it’s the month in the quarter where my income is the lowest. However, I have made both my TFSA and RESP contributions for the year so my money is at work from day one. Even with the oil prices being subject to offer and demand pricing (as opposed to be controlled for profits), my stock holdings continue to pay me to be a shareholder. There are always bumps in the markets and I find my strategy gets me through it. Read on to see what I have bought.

Dividend Income

For January 2015, my dividend income is an exciting $687.00. Exciting is exaggerating since I am hoping to finally get $1,000 per month sometimes this year but it’s progress considering it’s my lowest month of the quarter and the year since I have invested money already. As you can see in the graph below, my 3 month of the quarter is not far from $1,000.

Dividend Income - January 2015

Here is a view on my historical dividend income. I have all the data so I can always see how I am progressing. I have omitted 2010 and 2009 to make the graph simpler.

Monthly Dividend income

Through diligence and careful planning, I managed to be able to save enough money in 2014 to be able to make my TFSA and RESP contributions early in the year to maximize my dividend compound growth. With the oil prices fluctuating, I ended up purchasing the following 2 companies.

  • National Bank – TSE:NA
  • Endbridge – TSE:ENB

As you probably noticed, I already own both and these days I am pretty much just adding to my current holdings.  I don’t even DRIP a share across all the companies I own so I figure there is room to grow each investment slowly. Unless there is a great deal, I just add to one of my current holdings.

Related: How many stocks should you hold?

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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