No transactions to report this past month. I do plan to make a TFSA contribution very soon for 2011 as I still have not done it. This would allow me to invest $5,000.00 in my tax-free account to further add to my dividend income.
My Dividend Income for May 2011 continues to show the benefit of a slow and steady dividend investing strategy. Last year in May I had 7 investments and this year I currently have 23 investments. My largest holding is $8,000.00 in Scotia Bank TSE:BNSNYSE:BNS and I took some profits a couple of times as I have double my earnings since I bought them in 2009.
I made a total of $372.60 compared with $210.81 last year. I am hoping to make $5,000.00 in dividend income this year and so far I have made $1,949.86 after 5 months. The trend is up and my holdings have provided me with some dividend increases which really helps my compound growth.
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.