Dividend Income: May 2011

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.

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.

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.
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