My dividends are rolling in like clock work . Even with my DRIP, my cash account is growing steadily and I will be able to make some puchases with the cash dividend this year. I expect to be investing a fair bit in the later part of the year – better get started on my research.
Dividend Income
My dividend income for February 2012 is $474.04. I am quite happy to see I am nearing the $500 per month. The only contribution I have done recently is $300 towards Telus and BMO in my Computershare account. If you did not know, CIBC Mellon no longer operate as a Transfer Agent and has sold their operations to CST (Canadian Stock Transfer). I have attempted to purchase $600 worth of Enbridge (through CST) and I am waiting for my cheque to go through and see how efficient they are. I am quite far being with
With dividends, slow and steady wins the race. Remember that it’s a marathon. For those of you new to my blog, I have been tracking my dividend income since I ‘officially’ initiated my strategy a couple of years back. If you have not done so recently, I recommend you review your portfolio to ensure you are satisfied with your current strategy.
Last year, my goal was to reach $5,000.00 in dividends and I fell a little short with $4,742.25. I am still quite satisfied as I was also trying to strike a balance between higher yield and dividend growth investments that follow the 10/10 rule with dividend aristocrats. As I DRIP most of my dividends (where I can), I let the power of compound growth do its work with my dividends. It’s
It’s time for my last dividend income of 2011!!! My journey to achieve $5,000 in dividend income in one year was a near miss… but I am still quite satisfied considering I made some changes during the year to buy dividend growth stocks over high dividends stocks. I managed to earn a grand total of $4,742.75. My yield on cost for the year is 4.92% compared with a current market yield of 4.80%. Many of my holdings are setup to increase their dividends over the coming years which will help grow my dividend income through my DRIP and compound growth.
Dividend Income
December is a low month for me and I earned $366.19 for the month. I have added a couple of investments to my portfolio since my last update but I won’t see any dividends until the new year. I welcome National Bank and Manulife to my portfolio.
With the constant changes in the markets over the past 5 months (at least), I decided to published my Top 20 Dividend Stocks as per my tracking and screening criteria. My last edition dates back to July 2011 and it highlighted a number of the same companies with different sectors intertwined. This round shows a heavy concentration of financials near the top and the energy sector lower.
Top 20 Dividend Stocks – Technical Screening
The technical screening is based on 4 criteria that I can easily fetch from Google Finance. Dividend growth is still missing as I have not had the time to track it down and add it. Nevertheless, I wanted to share the list.
P/E : Target is 15
52 Week Range : The lower in the range the higher the score
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.
Dividend Income
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 earnings were $446.88 and in November, I
All content posted on this blog represents my opinion and views and should never be considered professional advice. You should do your own research and consult with a professional financial advisor before making any investment decisions.
February 13th, 2012 | 
Category: 
My dividends are rolling in like clock work 
. Even with my DRIP, my cash account is growing steadily and I will be able to make some puchases with the cash dividend this year. I expect to be investing a fair bit in the later part of the year – better get started on my research.
