As the market continues to offer little value I have not invested as enthusiastically as I did this time around last year, which is around when my investments really started heating up. Everything was dropping at that time so I picked up things that were going on sale. This time around it’s the opposite as share prices have heated up.
I continue to scour in the market and make up my monthly dividend watch lists which is how I find value in this heated market. While the market is expensive, there remain few stocks here and there which offer the value worthy of investment. I continue to tread cautiously, but I still would like to invest monthly and keep up with whichever direction the market is going. I, just like you, have no idea where we’re headed in the near-term.
I doubled my position in Apple last month after their incredible earnings release, and saw three dividend raises to boost income – saving my life hours by having these companies churn out more for me year after year.
Summary of February Investment Activities
Throughout February, I’ve purchased:
One of my holdings increased their dividend.
- WMT 2% Dividend Raise (Annual Dividend Income +$0.72)
- RY 4.8% Dividend Raise (Annual Dividend Income +$4.00)
- BNS 2.7% Dividend Raise (Annual Dividend Income +$4.00)
None of my holdings were sold to recuperate capital.
None of my holdings reduced their dividends.
*We only now realized a distribution increase of $1.32 by HR.UN
Annual Dividend Income Update
|Jan 2017||Net Increase||Feb 2017|
|Annual Dividend Income||$2,516.99||$35.12||
|Monthly Dividend Income||$209.75||$2.93||
February 2017 Dividend Income
|Non-Registered Taxable Account|
|Tax-Free Savings Account|
Dividend Income Journey
Year-over-year Dividend Income Growth
It’s easy to see that the portfolio churned out twice as much as last year so I’m happy about that.
I continue to hold a large cash position, about 30% of my portfolio value in separate cash as I just cannot find a place for it in the market. I am trying to stay disciplined and push at least some capital into the market on a monthly basis though as I do want to continue to dollar cost average my positions.
In February 2016, I received $82, and one year later my stocks have generated $193 in passive income. This year’s February income increased by $111 (more than what I made in the entire month in 2016), or 135.37% over last year’s. The percentage rise is pretty consistent with last month’s YoY increase.
Total Dividends 2017
The growth of my yearly passive income is astounding to me here. This is where it’s really showing off in my opinion. After an easy two months, my portfolio has worked hard for me to deliver a total of $454 in dividends.
With a yearly dividend income goal of $3,000 for 2017, after February I am 15.1% of the way there.
My dividend income growth in the first two months of 2017 have been some of my lowest growth over all. The reason for this is investing in a low-yielding, high growth stock like Apple.
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 23 months of receiving dividends and 24 months of investing, I’ve generated above $2,500 in passive income. After February 2017, my record is now $2,853 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’ January 2017? Any new positions? Dividend raises?