Dividend Income – January 2017

Dividend Income - January 2017

My dividend income is a simple status report started in 2010 when I switched to dividend investing. The intention is to show proof in what dividend investing can do in the long run.

By my estimates, using my dividend tracker, I should be earning at least $1,000 per month for the full year. If you read my previous update, I am estimating my full-year dividend income to be at $15,000. I am off to a good start for the year as I have added some new money to complete the contributions for my TFSA and RRSP.

I am now on a mission to fill up our spousal TFSA. My goal is to tackle that bit by bit with $1,000 deposit whenever I can. The amount is the minimum investment I have decided to invest through a discount broker due to the 1% trade fee I incur which I feel is an acceptable cost.

Stock Trades

I started the year with some house cleaning. Canadian Utilities was not providing the performance I expected even though it’s a Canadian Dividend Aristocrats with 44 years of dividend increases. That just goes to show you it’s important to look past the dividend increases. I kept the money in the utility sector and purchased BIP.UN. Brookefield is an impressive business. Below are the transactions I have made.

3 Simple Steps – Dividend Stock Selection Process

Dividend Income

My January dividend income adds up to $1,002.24. Starting the year with a $1,000 minimum feels good considering I earned $861.05 last year in January. I have not put any effort in assessing if the growth comes from the dividend growth or my new investments but I am assuming the new money I add is having a large contribution to the growth as you would expect.

Dividend Income January 2017

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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