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 September’s post click here.
It’s good to be back for another dividend income update, and this one has an extra silver lining on top of the tremendous payouts received!
What is that silver lining? Well, it’s that regulators have now given the green light on dividend raises for our Canadian banks and insurance companies!
From most of what I’ve seen online, it’s being predicted that these raises could be upwards of 25% in some cases which would be a tremendous boost to our future income as we do hold a rather large percentage of our portfolio in the Canadian banks at the time of writing this post.
With that good news out of the way let’s get into the numbers:
Dividends Received: $1,133.65
Does anyone else get a little suspicious when things go too well? That’s almost how it’s feeling these days with the market. No dividend cuts, in fact dividend raises coming in steadily plus capital growth. Times are good.
When things feel the way they do right now it’s still important for us to check ourselves and stick to our plans, we still want to keep a little cash on the sidelines for a rainy day and also need to keep doing mental checks and remind ourselves that downturns or slow periods can happen at any time. It’s during those slower periods or downturns where we’re hopeful that our diligence picking our holdings and diversifying will let us sleep well at night.
Dividends Received YoY: $9,068.00
Looking back on the trends it should have been predicted that we’d hit another new record in October and yet somehow this came as a little bit of a surprise to me. If you follow along you’ll notice that we now have pretty good consistency in 3 of 4 quarterly payouts during the year with only the Feb-May-Aug-Nov quarterlies dragging behind.
$9,068 year-to-date leaves us in good position to finish the year well over our $10,000 goal.
Now for the dividend projections:
Dividend Projections: $11,293.18
Current stats of the portfolio are:
Portfolio Value: $ 320,488.64 (+$17k)
Dividend Value: $ 11,293.18 (+$270)
Portfolio Yield: 3.52 %
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.
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