Most of the dividend increases have come through for my portfolio during the last 2 quarters. I have added a little bit of money during the year but I did most of my annual contribution in January. I still have not added to my TFSA to match the new $10,000 limit. I will be doing so in the coming months and start saving to have my $10,000 contribution ready for January 2016. A couple of years ago, I was able to start getting ahead and save for the upcoming year rather than for the year I am in.
June 2015 brought me the highest dividend income to date at $966.54. Still short of $1,000 per month. As I have mentioned numerous time, it’s not the stocks alone that move that needle but adding new money so it’s important to have a good plan in place to regularly save.
As you can see from the graph below, more than 50% of my June 2015 dividend income came in US currencies. I am reaching the $1,000 per month and it’s definitely not enough to retire on with a family but I am in the prime income earning years so I can accelerate my savings and expenses will start going down in 5 years from now. Patience and a solid plan is the foundation for my financial independence. So far this year, I have added $18,000 to my dividend portfolio.
Last month, I mentioned I was interested in pharmaceutical and I ended up just adding to Johnson & Johnson NYSE:JNJ . I realize it’s not a pure pharmaceutical play but it still a great investment. With my plan to add to my TFSA, I will be focusing on Canadian investments for the coming months. I have to decide if I simply add to my current positions, which I am happy to do, or add a new holding.
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.