Another quiet month in the Dividend Beginner books, and while it’s not too exciting – it is a good opportunity to hoard cash. Stocks have been rising steadily and I haven’t been exercising my Stock Binoculars too heavily recently so haven’t scooped up many deals. I finally got rid of the hell that is Valeant Pharmaceuticals, which definitely reduces my investment stress as it never stopped falling and continues to do so – what a nightmare. I added lightly to my annual dividend income by continuing to purchase assets in the energy pipeline space.
It feels like I’ve started to really automate this process of investing, and while this allows more time for other things in my life, it reduces the excitement of scouring out stocks and making great strides like I did with my investing spree in January. Or maybe there just aren’t enough deals out right now that catch my eye like shining gold. Nevertheless, I work towards my $150 average monthly dividend income goal. Then on to $200 per month. And on, and on, and on. It’s a long process, but it definitely pays off.
Summary of March Investment Activities
Throughout March, I’ve purchased:
Two of my holdings increased their dividends:
- Bank of Nova Scotia (TSE: BNS) 2.86% Dividend Raise (Annual Dividend Income +$4.00)
- SNC-Lavalin (TSE: SNC) 4.00% Dividend Raise (Annual Dividend Income +$1.00)
One of my holdings was sold to recuperate capital:
Annual Dividend Income Update
Thank god I didn’t suffer a dividend cut for a change this month. I’ve recently shed some slimy positions and still have some cleaning up to do but am giving them some time. A small sum was invested since I really want to purchase at least one stock per month if possible.
Thanks to my new position in ENF along with a couple small dividend raises, I’ve increased my annual dividend income by $98.30 this month (nearly $100!) up to $1,524.20. We’re getting somewhere. Year-to-date my dividend income has increased a whopping 42.74%. I wonder how far above 100% I can get by 2017.
|Feb 2016||Net Increase||Mar 2016|
|Annual Dividend Income||$1,425.90||$98.30||$1,524.20|
|Monthly Dividend Income||$118.83||$8.19||$127.02|
March 2016 Dividend Income
|Non-Registered Taxable Account|
|Tax-Free Savings Account|
Another month just shy of $100.00 in dividend income. I literally bought last month’s monthly stock, Inter Pipeline on it’s ex-dividend so sadly did not receive that push to $100.00+. In my Annual Dividend Income table there is now only one month in which I would receive below $100 (December), and by the end of April I hope to have that situation remedied. I will be very proud to receive over $100 every single month, rather than on an average basis. I do find my average monthly dividend income of $127 rounds it out well though since the months after quarter ends are ferocious while the rest of the months are decent, but that’s only because I’ve prioritized a large amount of Monthly Dividend Payers – a great boost to morale!
This March passing marks my one-year investment anniversary! In April of 2015 will be the first display of 2015 vs 2016 and it looks like it’s going to be a huge percentage increase; that’s obvious but it doesn’t make it any less fun. Dividend growth investing has already changed my life after one year. I have a plan, and I feel empowered.
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’ March 2016? Any new positions? Dividend Raises? Dividend Cuts? Looking forward to April?