Dividend Income

April 2017 Dividend Income

Dividends

I return to growing my dividend income stream in a larger way this month with investments in very high-yielding stocks. I added $163, or 6% to my annual dividend income. I am getting very close now to an average of $250 per month; then moving on to $300.

April 2015 was the first month I ever received a dividend cheque, to the tune of $25. Two years later, and $262 have made their way into my brokerage account.

I am well on my way to my $3,000 dividend income goal for 2017.

Summary of April Investment Activities

Throughout April, I’ve purchased:

None of my holdings increased their dividend.

None of my holdings were sold to recuperate capital.

None of my holdings reduced their dividends.

Annual Dividend Income Update

Feb Net Increase Mar
Annual Dividend Income $2,661.71 $163.31
$2,825.02
Monthly Dividend Income $221.81 $13.61
$235.42
Percentage Increase +6.14%
YTD Increase +12.63%

April 2017 Dividend Income

Non-Registered Taxable Account
CNQ $11.00
T $31.20
WMT $9.18
ZWU $6.75
EIF $13.13
IPL $5.81
WCP $2.80
ENF $8.56
AD $16.20
BNS $20.52
Tax-Free Savings Account
T $16.80
RPI.UN $8.80
EIF $7.35
PLZ.UN $5.85
IPL $7.70
ENF $7.36
D.UN $5.63
DRG.UN $6.67
AD $14.18
BNS $17.48
RNW $19.07
HR.UN $5.06
CJR.B $15.20
Total
$262.30

Dividend Income Journey

Year-over-year Dividend Income Growth

Year over Year Change April

In April 2016, I received $166, and one year later my stocks have generated $262 in passive income. This year’s April income increased by $96, or 58% over last year’s.

April marks the third year I’ve received dividends into my account. Comparing this year’s dividend income to my first ever month, where I received $25, my income has increased 948%.

Total Dividends 2017


2017 Dividend Income

So far up until now, in 2017, I have accumulated $913 in dividend income. This is after one third of the year.

With a yearly dividend income goal of $3,000 for 2017, after April I am 30.4% of the way there with 33% of the year complete.

Total Dividends Lifetime

Lifetime Dividend Income

I’d like to keep track of my lifetime dividends as it will always be the largest number I can attribute to dividend income, and ultimately is all the passive income I’ve generated from the beginning of this portfolio to now. It’s a great chart to display exactly what you could accomplish when you save your earnings and invest in dividend growing stocks.

After 25 months of receiving dividends and 26 months of investing, I’ve generated above $3,000 in passive income. After April 2017, my record is now $3,312 in dividend income that I earned from having the foresight to invest my money in income generating assets. The great thing about this is that even if I stop investing now, that money will continue to flow into my bank account every month without me lifting a finger, and what’s more is that it will even grow as time goes on considering I took the time to invest in dividend growing companies with proven track records.

How was all of my fellow investors’  April 2017? Any new positions? Dividend raises?

Dividend Beginner

A 22 year old Canadian dividend growth investor striving for early financial independence; building as many passive income streams as early as possible.
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  • Congrats on the new record. You are well on your way to achieving your goals for the year. Especially after more capital is added, dividend increases happen, and compounding/ DRIP on future dividends. Keep it going!

    • Thank you Dividend Daze. I’m looking very forward to the dividend compounding as I amass them throughout the months and can make investments solely off the passive income coming in through the portfolio. Currently I am not registered for any DRIPs!

  • 58 percent increase is awesome and you are marching towards a 300 a month April. Which is my next goal for April month might happen sooner or after next April but I’m stoked to be making progress. Keep the good job you are doing up

  • Kudos on starting to see the snowball pick up steam. It’s a great feeling when you see big jumps of 58% year over year. I’m up 22% year to date over last year and just seeing that number is jaw dropping given that I’m on track to pull in $7000 in dividends this year. The struggle always looks better when you see the yearly number start to skyrocket.

    • Wow DD. $7000 is seriously significant. That would cover a really big portion of my overall expenses. $585 averaged monthly is just incredible. Looking forward to that skyrocket myself. 🙂

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My publishings on dividendbeginner.com references an opinion and is for information or entertainment purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. I am not responsible for any decisions you make concerning finances, taxes, or investments. You must perform your own research and always take caution when extending capital.