Big dividend income drop this month!!! I am finally disposing of my last expensive mutual funds, that’s $20K worth which means my October dividend income takes a hit. How much of a hit you may ask? About $150 per month. I should be able to recover that but it’s going to possibly take a quarter to adjust to the new dividend income. That’s as exciting as Dividend Investing gets my friend :)
My October dividend income is $360.33. Until I make my new stock trades, I am short $500.00 to reach my goal of $6,000 for the year in dividend income. I am taking a small step back for a better long-term plan though. I have been planning the sell of this mutual funds for a little while now and I just needed it transferred into my RBC Direct Investing account to adjust my plan.
I also made a couple of adjustments to my RRSP account by reducing my holdings in Scotia BankTSE:BNS, selling EmeraTSE:EMA and buying MicrosoftNASDAQ:MSFT and ChevronNYSE:CVX. If you want to know the details and the reasoning of the trades, please sign up to my newsletter :) I discuss my stock trades through my newsletter and I have made 4 trades this year.
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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