I return to growing my dividend income stream in a larger way this month with investments in very high-yielding stocks. I added $163, or 6% to my annual dividend income. I am getting very close now to an average of $250 per month; then moving on to $300.
April 2015 was the first month I ever received a dividend cheque, to the tune of $25. Two years later, and $262 have made their way into my brokerage account.
I am well on my way to my $3,000 dividend income goal for 2017.
Summary of April Investment Activities
Throughout April, I’ve purchased:
- 55 shares of Corus Entertainment (Annual Dividend Income +$62.70)
- 49 shares of Enbridge Income Fund Holdings (Annual Dividend Income +$100.61)
None of my holdings increased their dividend.
None of my holdings were sold to recuperate capital.
None of my holdings reduced their dividends.
Annual Dividend Income Update
|Annual Dividend Income||$2,661.71||$163.31||
|Monthly Dividend Income||$221.81||$13.61||
April 2017 Dividend Income
|Non-Registered Taxable Account|
|Tax-Free Savings Account|
Dividend Income Journey
Year-over-year Dividend Income Growth
In April 2016, I received $166, and one year later my stocks have generated $262 in passive income. This year’s April income increased by $96, or 58% over last year’s.
April marks the third year I’ve received dividends into my account. Comparing this year’s dividend income to my first ever month, where I received $25, my income has increased 948%.
Total Dividends 2017
So far up until now, in 2017, I have accumulated $913 in dividend income. This is after one third of the year.
With a yearly dividend income goal of $3,000 for 2017, after April I am 30.4% of the way there with 33% of the year complete.
Total Dividends Lifetime
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 25 months of receiving dividends and 26 months of investing, I’ve generated above $3,000 in passive income. After April 2017, my record is now $3,312 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’ April 2017? Any new positions? Dividend raises?