Throughout these updates we will go over the previous month’s dividend income, as well as our rolling 12 month projected dividend income and our progress towards our goal of having $50,000 in annual passive income. For reference, I received my first ever dividend payment in December 2017, and I immediately realized that they needed to be a prominent part of our any investment strategy.
If you’re interested in seeing October’s post click here.
Even though this is technically a post aimed at November’s passive income, I do need to start with a “WOOHOO!” for the bank dividend raises we’ve received to start off December.
All of the banks came through with double-digit raises and in some cases up to 25%, so I’d just like to say a massive thank you for those!
Now, with the good of the dividend raises has also come the bad – the market is getting choppy with Covid fears and what almost feels like a little bit of “speed wobble” if you will. While we’ll continue to average in as we always do it’s definitely beginning to feel a little bit more uncertain in the markets and I think these next few months could be quite active and interesting for those of us that like to keep a closer eye on the market news.
Now without delay, let us get into the numbers:
Dividends Received: $708.24
As I mentioned earlier, the choppy behaviour of the market this past couple weeks has cost us some capital appreciation, however it’s always grounding to see the steady flow of income come into the account. It doesn’t necessarily offset the “losses” but it does remind me that if we were in our retirement years the noise of the market would not have affected our ability to pay our bills.
This $708.24 marks a YoY improvement of 42%! which is just astounding to see, I honestly felt that by this far in our journey we would be reduced to single digit year over year gains by now but the snowball is still just as determined as it’s ever been.
Dividends Received YoY: $9,776.24
As I mentioned above 42% YoY growth for the month of November is huge, but perhaps even more important is the fact that we’re now almost at $10k for the year and are assuredly going to breeze past that number.
Joining the 5-figure club was a main goal of ours this year and leads to the next logical milestone target: reaching $1,000 per month in passive income, which will perhaps be in our goals for 2022.
If we do get our expected results for December we’re looking at a roughly 33% growth from 2020 to 2021!
Now onto our projections:
Dividend Projections: $11,778.19
Portfolio Value: $ 324,049.17 (+$4k)
Dividend Value: $ 11,778.19 (+$500)
Portfolio Yield: 3.63 %
That’s all we’ve got for this month’s recap, if you’ve got questions or comments leave them below or on our social media pages:
TWITTER: @FindependenceC1
INSTAGRAM: @FindependenceCanada
Thanks for stopping by,
FIC.
Hi,
Some great progress there and solid line up of stocks I wouls like to see how much tfsa contribution room you had and how are allocating stocks strategically by strategically Mean or assume you are putting all riets under tfsa. Also i saw you have su.to which cut dividend last year are you comfortable holding a stock which cut dividends? Thanks
You are correct, the REIT’s are in the TFSA along with some higher dividend paying Canadian stocks and a few shares of the US growth stocks.
SU.TO is a company I’m very familiar with as I work in Canadian oil so yes in short I’m very comfortable holding them in the amount I do and would consider increasing my holding. They’ve worked quickly to rebuild their dividend and I’m sure they will continue to grow it generously as they’re able to.