Amid the recent markets pull back, my dividends continue to come in. In many cases, those dividends are buying more shares and at a decent price these days. On top of that, I have also made some small ‘optional cash purchase’ (OCP) contributions to many of my DRIPs as well as initiating a position in Scotia Bank and CIBC with Computershare and CIBC Mellon.
My Dividend Income for June 2011 was of $325.06 compared with $262.50 last year. My projection has me earning $4,700 by the end of the year so far. With the June investments I have planned, I should be able to achieve my goal of earning $5,000.00 in dividend income this year. My year over year dividend income growth continues to highlight my dividend strategy with many companies increasing the dividends in the past months. Since most of my investments are either doing full or synthetic DRIP, I am leveraging the power of compound growth throughout all my investments.
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.
Image: Master isolated images / FreeDigitalPhotos.net