This dividend income update will cover October and November in my journey to retiring on dividends! As you will attest, regardless of the turbulence in the markets, my dividends continue to work for me :) My dividends during the past 2 months were able to DRIP shares in 9 companies for compound growth.
I did very little in October and November with the accounts. I have only added TD since my last dividend income report. I hope you are not surprised by my interest in the Canadian banks. Our bank fees alone can probably feed the dividends and the increases … They have historically been Dividend Aristocrats and pay a healthy dividend in the 4% range.
My October dividend income were $446.88 and in November, I earned $478.64. My estimation has me earning $4,739.33 for the year. A little short of my $5,000.00 goal. I’ll need to save more :) My November dividend income is up compared to last year at $313.53 and I now have 2 months with higher dividends per quarter as opposed to 1. It’s not really important at the moment but it might be at some point for monthly income.
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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