Dividend Income – September 2012

Last month I highlighted my asset allocations and this month, I will show you my small irregular contributions to Computershare and Canadian Stock Transfer investments. So far this year, I have invested $4,300 in my transfer agent accounts with an irregular monthly distribution as you can see below. The amounts reflected below are based on when the money is credited to my account. In many cases, there can be one or two months delay between the stock purchase and when I sent the cheque in the mail. The transfer agents are very specific as to when they make the contribution per stock and you just have to live with it.

I am pretty happy with my contributions. I find I can more easily do small contributions rather than large ones. I invested over $9,000 since I started back in 2010. My strategy so far has been to contribute $5,000 to my TFSA early in the new year, contribute to my kids RESP, do a lump sum RRSP contribution with my bonus (taxes withheld at source – that means I get no tax refund later) and then I save regularly to invest with one of my 11 stocks with Computershare or Canadian Stock Transfer.

Monthly Contributions - 2012

In June, I highlighted my monthly dividend income growth which really highlights how dividends perform against the markets. With the size of my accounts, the growth really comes from my added contributions as mentioned above and I hope to see my dividends making a bigger contribution in growth over time.

dividends vs tsx

Dividend Income

My September dividend income is $448.51. There are only a few more months for the year and I will be just reaching $6,000 in dividend income. Interestingly enough, I started modeling my 2013 and with all the recent dividend increases, I will reach $6,100 just with the increases. Since I will contribute to my TFSA early in the year, I should also be able to generate dividend income from that $5,000 contribution.

Dividend Income - September 2012

As you can see, the biggest contribution really comes from my savings. That’s why you read about ways to save on my blog as it’s a major contribution to my financial freedom plan.

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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