As some of you may have noticed, I didn’t post last month and missed reporting on my June investment activities. Considering I want all of this information spread across the blog to keep myself accountable and to keep track of progress, here it is. I will be posting for July this month as well as soon as I get a chance to write.
June was by far the weakest month for me in terms of annual dividend income growth through the entire year so far. It’s in part due to the stock I purchased having a yield much lower than my usual investments. On the bright side, I have been building up a very large cash reserve due to being generally uninterested in the vast amount of stocks on the market as of late.
Summary of June Investment Activities
Throughout June, I’ve purchased:
One of my holdings increased their dividends:
None of my holdings reduced their dividends. Great news!
Annual Dividend Income Update
June was a lazy month with only one investment to push my annual income further. In addition, it was the lowest yielding purchase I’ve made in 2016, but a solid investment nonetheless. It also helped in diversifying my portfolio, inching my Industrial allocation to a comfortable 11%.
National Bank of Canada (NA) also provided a miniature boost to income with it’s 1.85% dividend raise.
June saw a pitiful annual dividend increase of 1.49% through my investment activities. Still, YTD my dividend income has increased by 98.43%, not quite doubled which is where I figured it would have been – but proud of the ability to have made a decision to take less yield for a solid investment.
| May 2016 | Net Increase | June 2016 | |
| Annual Dividend Income | $2,087.66 | $31.20 | $2,118.86 |
| Monthly Dividend Income | $173.97 | $2.60 | $176.57 |
| Percentage Increase | +1.49% | ||
| YTD Increase | +98.43% | ||
June 2016 Dividend Income
| Non-Registered Taxable Account | |
| ZWU | $7.02 |
| WCP | $2.80 |
| AD | $16.20 |
| FTS | $15 |
| GWW | $6.10 |
| CWB | $16.10 |
| WMT | $9.00 |
| IPL | $5.59 |
| EIF | $12.56 |
| ENF | $7.78 |
| Tax-Free Savings Account | |
| AAR.UN | $3.90 |
| PLZ.UN | $5.63 |
| D.UN | $5.63 |
| DRG.UN | $6.67 |
| HR.UN | $4.95 |
| SNC | $6.50 |
| IPL | $7.41 |
| AD | $6.75 |
| RNW | $11.00 |
| CJR.B | $9.98 |
| Total | |
| $166.57 | |
Dividend Income Journey
June was my greatest month for dividend income, coming in $0.50 higher than April. Not a huge difference but July should show some higher numbers as the portfolio income still catches up to my latest investments.
We now have on display a full Q2 of YoY dividend income comparisons. In June 2015, I received $50.47 (and it felt great then!), which has now ballooned into $166.57 a year later. This is an increase of $123.54, and accounts for a 287.1% YoY increase.
Having completed an entire half year of 6 months, my portfolio has generated $749.71. That’s a lot of extra cash on top of a salary, which so many people in their early twenties unfortunately refuse to take advantage of. While we’re halfway through the year, $750 out of the $1750 2016 goal accounts for a 43% completion rate to date. Not too far off from 50%, which would have been perfect – but we can definitely still catch up with so much time (and cash) left.
I’d like to keep track of my lifetime dividends as it will always be the largest number I can attribute to dividend income, and ultimately is all the passive income I’ve generated from the beginning of this portfolio to now. It’s a great chart to display exactly what you could accomplish when you save your earnings and invest in dividend growing stocks.
After 15 months of receiving dividends and 16 months of investing, I’ve generated over $1,000 in passive income. After June 2016, my record is now $1,293.15 in dividend income that I earned from having the foresight to invest my money in income generating assets. The great thing about this is that even if I stop investing now, that money will continue to flow into my bank account every month without me lifting a finger, and what’s more is that it will even grow as time goes on considering I took the time to invest in dividend growing companies with proven track records.
How was all of my fellow investors’ June 2016? Any new positions? Dividend Raises? Dividend Cuts? Looking forward to August (since I’m posting late)?
It’s nice to see a post DB. Thanks for sharing.
Keep up the great work and don’t stop. Cheers bro.
Hey Tyler,
Thanks for visiting and for the support.
Always a pleasure to hear from you.
Looks like a solid month. Can’t wait to see July progress. Excellent job on increasing that YoY dividend income!
Thanks GK. July was a surprise to me – you’ll see very soon. Hopefully the YoY next year will be at least something close to here, but it will only become more and more difficult.
Hey, visited a few times and was wondering where your June and July updates were! Great job btw, keep it up!
Hi MrSLM, Glad to hear you were looking forward to a new post! Hopefully I can keep ’em coming again. Thanks for the kind words.