April 2015 Dividends
April was my first full month of investing in the stock market. I started buying shares in companies around Mid-march, and so some of the dividends I would have naturally received this month will be pushed over into May… so I will be seeing a nicer payout from dividends next month. Although, after receiving my first month of dividends I can see how this dividend growth investing strategy can really work out and earn a good deal of money which will consistently grow over time.
I could list a million things I’d love to spend my investment gains on, but will be disciplined in reinvesting all of it into my dividend machine to earn more and more as time goes on and lead me to an early retirement.
|Ticker Symbol||Dividends Received|
So for my first month of investing I’ve received $25.01 in dividends. This does not include any capital appreciation ($250+ for this month) and I would not like to rely on capital gains due to their liquidity.
I had bought shares of Pengrowth Energy Corp (PGF), Dream Global REIT (DRG.UN), Pure Industrial REIT (AAR.UN) and Temple Hotels (TPH) pretty much on their ex-dividend dates rather than before in March so did not receive their dividends which would have amounted to roughly another $25, but will see them next month as these are monthly dividend payers. When I first started investing I fell in love with REITs and the thought of monthly dividend payments, but invested only in quarterly-paying dividend growth stocks this month, as I added shares of Bank of Nova Scotia (BNS), SNC Lavalin Group (SNC) and Telus (T).
Hopefully some good purchasing opportunities arise for the month of May, or I may hold off as I’m starting to wonder when a market correction is due with all the talk of rate hikes. Anyways, only time will tell here and I look forward to documenting more of my journey as I embark on it.
Thanks for reading everyone!