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 August’s post click here.
Finally some days off to sit back, relax – oh! and make a passive income report! September was a very busy month of working, visitors in town and a family vacation away. It’s a good problem to have, having your days booked up but we’re also looking forward to kicking back a little bit until Christmas time.
While we were focused elsewhere our dividend portfolio remained focused on one thing: making us that passive income!
As you’ll see below September 2021 has now become our best ever month for dividend income.
Dividends Received: $1,122.92
$1,122.92 is a healthy leap up from last months $671 and beats our previous best ever month by $18, narrow but still a win. It’s really hard to find anything negative to say when our passive income is rolling in, it takes the focus off the uneven capital appreciation that’s been going on this fall.
Dividends Received YoY: $7,934.35
33% year-over-year growth is our main take away when we look at the table above. We can’t really control the value movements of our portfolio but we can keep contributing and continue to purchase ourselves future passive income by purchasing the highest grade companies and dividend payers on the markets.
We’re now just $157 away from beating last years total with 3 months to go, we’re also chasing down our first ever $10,000 year.
Now let’s have a look at the projections of our dividend portfolio:
Dividend Projections: $11,028.72
The current stats on our dividend portfolio are:
Portfolio Value: $ 303,621.33 (-$2k)
Dividend Value: $ 11,028.72 (-$1.5)
Portfolio Yield: 3.63 %
If you’ve been following along, you will see that we have dropped significantly in the expected dividends received for the next year, this is due to some changes to our holdings that we will cover in our next portfolio update. In short we took some gains in some of our high yield holdings like mortgage REITs and income funds and rolled those gains into some higher growth/dividend growth holdings.
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.
Congrats on the new record!! That’s what it is all about!!
Bert