This month my portfolio earned $736.1 in dividends.
This is the first month my dividends received have broken through $700! The effects of my portfolio rebalancing haven’t quite shown themselves yet, but May and June should have some noticeable jumps in dividends received. It’ll be exciting times when I can officially say that my investments are generating more than $500 a month.
In April, I maxed out my contributions to my TFSA and re-established DRIPs on 3 stocks. Moving forward I’ll be using the retained dividends to further build on existing positions, rather than adding new ones. My plan for next year, if there’s another increase to TFSA contribution limits, will be to put capital to work on re-establishing DRIPs on more core holdings.
These recent changes have boosted my projected annual income from dividend stocks from $6000 to $7000.
My strategy remains largely the same; to invest in large-cap blue chip companies which I believe have the capacity and culture to continue driving stable growth, continued dividend payments, and continued dividend raises.
Currently, I’m more focused on higher yield stocks as I build out a safety net. I will at some point begin to add lower yield, but higher dividend growth companies to my portfolio. While others may prefer lower yielding, higher dividend growth companies from the start, my current approach is well suited to my own particular set of circumstances and challenges.
I’m also starting to experiment with different forms of data visualization. A friend recently suggested that I do something with cumulative dividends received. As such, here’s my current thinking on how to display that:
Note: There will be some slight variance due to differing exchange rates from the time different reports are written.
