Dividend Income: July 2011

Dividend IncomeMy dividend machine continues to work regardless of the market conditions. This is the part I like as my money works for me. I got some new shares from my dividends this month:

  • 2 shares of Just Energy
  • 1 share of Kimberly-Clark
  • 1 share of Scotia Bank (later this month)
  • 2 shares of Liquor Store
There are some that prefer to accumulate the dividends and others that re-invest the dividends. I currently prefer to re-invest as I don’t really earn much. If I was earning $10K plus per month in dividends, I would probably change my strategy as it would be a very generous amount of money that can be deployed with more benefits towards re-balancing a position or taking a new position.

Dividend Income

My Dividend Income for July 2011 was of $475.98 compared with $459.80 last year. It’s worth noting that I had a double dip last year as I managed to get dividends from both transactions during a switch last summer. Note that my June 2011 investment is adjusted as I earned dividends from Power Financial in the amount of $59.50.

My projection has me earning $4,880 by the end of the year so far compared with $4,700 since last month. My last $5,000 investment brought me closer to my goal of making $5,000 in dividend this year. I could easily move into high yields but I won’t sacrifice my long-term return on investment for a quick buck. I want to focus on good dividend growth companies with good dividend yield.

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.

Image: Master isolated images / FreeDigitalPhotos.net

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