What a start to 2016 it’s been! Bear market, bull market, sideways market… Stocks have been volatile as all hell and I’m lovin’ it! I put my foot down big time on Canadian financials in January.
- 60 shares of Alaris Royalty (TSE: AD) at $22.00 (Annual Dividend Income +$97.20)
- 70 shares of Canadian Western Bank (TSE: CWB) at $25.25 (Annual Dividend Income +$64.40)
- 25 shares of Royal Bank of Canada (TSE: RY) at $65.40 (Annual Dividend Income +$79.00)
- 27 shares of Bank of Nova Scotia (TSE: BNS) at $55.30 (Annual Dividend Income +$75.60)
Two of my holdings reduced their dividend in January:
- Whitecap Resources (TSE: WCP) announced a monthly dividend cut by 40% (Annual Dividend Income -$36.00)
- Pengrowth Energy Corp. suspends their dividend for review on a quarterly basis (Annual Dividend Income -$7.80)
While Pengrowth Energy Corp. will be reviewing their dividend payments on a quarterly basis, I will assume they will not pay a dividend for the next 12-months for all my dividend income expectations. With all of these additions to my portfolio, I’ve added a total of $316.20 to my 12-month forward dividend income, but suffered a $43.80 loss due to dividend cuts, for a net gain of $272.4 to my 12-month forward dividend income.
|Dec 2015||Net Increase||Jan 2016|
|Annual Dividend Income||$1,067.80||$272.40||$1,340.20|
|Monthly Dividend Income||$88.98||$22.70||$111.68|
January 2016 Dividend Income
|Non-Registered Taxable Account|
|Tax-Free Savings Account|
January 2016 marks the first month where my dividend income has surpassed $100.00. It’s a decent amount of money and will help the snowball roll along more smoothly. With dividend income increasing every month through added capital or dividend increases, I hope that this stream can grow more quickly so that I can reinvest the dividend payments on a more consistent basis.
Compared to January 2015’s $0.00 in dividend income, January 2016’s dividend income has grown to $109.54. Last January is when I first began considering investing, when I read the book Money: Master The Game by Tony Robbins. Three months later I purchased my first stock, The Vanguard Total Stock Market Index Fund (TSE: VUN). Shortly after, I sold that and began my dividend growth portfolio.
This year is starting off with a good bang for The Dividend Beginner; about 1/5th of my 2015 yearly income was earned in my first month of 2016 here.
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 dividend 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.
How was all of my fellow investors’ January 2016? Any new positions? Dividend Raises? Dividend Cuts? Looking forward to February?