My 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
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.
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