August 14th, 2011 | 
Category: 
This month, I welcome 2 new holdings to my dividend portfolio: Johnson & Johnson (JNJ) and Coca-Cola (KO). I made a slight change in my dividend portfolio due to the economic circumstances and unloaded Just Energy (JE) and Cominar REIT (CUF.UN). My new holdings have a lower dividend yield but I am banking on these two dividend aristocrats to continue increasing their dividends. Over time, dividend growth should beat a high dividend yield. I had nearly a 10% yield with Just Energy so it will certainly have an impact on my goal of reaching $5,000.00 in dividends by the end of the year.
Dividend Income
My Dividend Income for August 2011 is of $380.49 compared with $290.00 last year. My projection has me earning $4,785 by the end of the year which is $95 less that I was on target for before making a change in my holdings.
For those just starting with dividend investing, you don’t need large amount of money to get started. In fact, my Computershare account is worth $1,998.17 and my CIBC Mellon account is worth $792.60. It’s simple to get started and it cost very little. See my post on ‘How To Start Dividend Investing With Little Money‘. Starting early allows you to leverage the power of compound growth and put your money at work!
Dividend Paying Holdings
Broker Accounts
- Bank of Nova Scotia (BNS)
- Bank of Montreal (BMO)
- Royal Bank of Canada (RY)
- Crescent Point Energy (CGP)
- Kimberly-Clark Corporation (KMB)
- AT&T (T)
- Rogers Communications (RCI.B)
- Cominar Real Estate (CUF.UN)
- Johnson & Johnson (JNJ)
- Coca-Cola (KO)
- Liquor Store (LIQ)
- Power Financial (PWF)
- A Mututal Fund generating ~8% dividend
Computershare & CIBC Mellon Accounts
- Bank of Nova Scotia (BNS)
- Bank of Montreal (BMO)
- Canadian Imperial Bank of Commerce (CM)
- Sun Life (SLF)
- Telus (T.A)
- Bell Canada (BCE)
- RioCan (REI.UN)
- Transcanada Pipeline (TRP)
- TransAlta (TA)
- Fortis (FTS)
- Emera (EMA)
- Enbrdige (ENB)
Image: Simon Howden / FreeDigitalPhotos.net
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Great buys (and forever holds
Your portfolio, and dividend income, is looking very, very solid.
Cheers,
Mark
Your annual dividend earning looks great. The monthly dividend pay out looks very stable too @ around $400. very nice.
Inspiring as always. I appreciate these posts, because they become a target and a goal for the beginners like myself. Keep up the great work, and great additions with KO and JNJ.
A great list of positions in my opinion. I have positions in the stocks you mention other than AT&T, KMB, and the mutual fund. Great minds think alike
In all seriousness, great job at increasing your dividend stream in comparison to last year. It’s obvious that you have a sound strategy and a solid plan to accumulate wealth.
Cheers
TWC
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Very nice results, PIE. I appreciate your solid work. It’s good knowledge for all the readers.
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After a couple years of tracking, it’s nice to see the numbers. Time is really one magical factor in investing.
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Great information as always. Out of curiousity, what is the mutual fund you are holding onto?
thanks