February 2016 Dividend Income

February 2016 Dividend Income

Dividends

Another month in the books. It’s been a much less active month in the Dividend Beginner portfolio as I’ve spent a little less time trading and more time thinking about where I want to take my investments. I’ve updated my Stock Portfolio page to include a more up-to-date list of my investments; they are now tracked through Google Finance and will be updated every 5 minutes throughout trading days.

I’ve also calculated my sector allocation, included in the stock page, and I’m not very happy with it – though it isn’t a huge deal with the size of my portfolio. I believe it’s time to shy away from Financials with a roughly 35% exposure to the sector and start building up in other areas.

Regardless, it’s been another successful month with February adding 6.39% to my annual dividend income despite weathering a couple more dividend cuts. I’ve even made my first stock sale and am excited to reallocate the capital in a much healthier company which will make up for the reduction to my annual income throughout this month and then some.

Summary of February Investment Activities

Throughout February, I’ve purchased:

Two of my holdings increased their dividends:

Two of my holdings reduced their dividends:

One of my holdings was sold to recuperate capital:

Annual Dividend Income Update

Unfortunately the dividend cuts and stock sale all added up to a loss of $48.90 in my annual dividend income, which ate greatly into the increases due to newly invested capital this month. The $1, 255.35 which was recuperated from the sale of my Goldcorp shares could make up for this loss by investing in a stock which yields around 4%.

Despite the loss in dividend income, I’ve realized a net increase of $85.70, which is averaged out to $7.14 per month, and comes to a 6.39% increase in annual income. Not too bad, all things considered this month! However, it does pale in comparison to my January 2016 statement, where I added a total of $272.41 annually / $22.70  monthly to my passive dividend income.

Jan 2016 Net Increase Feb 2016
Annual Dividend Income $1,340.20 $85.70 $1,425.90
Monthly Dividend Income $111.68 $7.14 $118.83
Percentage Increase +6.39%
YTD Increase +33.55%

February 2016 Dividend Income

Non-Registered Taxable Account
ZWU $7.02
WCP $7.50
AD $16.20
G $1.78
RY $19.75
Tax-Free Savings Account
AAR.UN $3.90
PLZ.UN $5.63
D.UN $8.40
DRG.UN $6.67
HR.UN $4.95
Total
$81.80

After hitting over $100.00 for the first time last month, February’s dividend income is less than exciting, but I’m working on it! Thanks to my investments this month, I’m getting very close to receiving minimum $100.00 per month going forward. The snowball grew slowly this month.
February 2016 Dividend Income2015 February Dividend Income vs February 2016 Dividend IncomeCompared to last year’s February 2015 passive dividend income of $0.00, I’m not doing too bad! I’m slowly approaching the 1-year mark and it’s a pretty significant difference. It’s hard to stay calm when you see what you can do when you set your mind to it. It’s also difficult to sit around waiting for capital to invest to increase your dividend income, but slow and steady often wins the game of dividend growth. Do the research. It’s important.

Total 2016 Dividend Income

Another month into 2016 and it looks like I’ve achieved 2/5ths of my 2015 yearly passive income goal. It’s going to be a prosperous month. I still haven’t set a goal for 2016 passive income though, I’ve realized earlier this month. I will definitely get to that soon. I’ve recently gotten much more deep into the nitty-gritty’s in an attempt to optimize my dividend income stream.

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 dividend 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.

How was all of my fellow investors’ February2016? Any new positions? Dividend Raises? Dividend Cuts? Looking forward to March? 

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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  • I think it’s a pretty solid month of dividend income. It almost covered the STM monthly pass :). And next year, in February, your dividend income will be a lot higher no matter what. New purchases from capital injections, dividend increases and reinvestment of dividends from the companies you already own….man… your snowball is just starting to get traction. Good luck buddy!

    • Hey DIS,

      Haha… I haven’t taken the STM since I got a car about two years ago. God, those buses really suck. Next year will definitely be a whole new ball-game, I’m sure. After one year I’ll have done pretty good, but after that compounding will definitely start to take place and it’s smooth sailing from then on. Thanks for stopping by and commenting.

      DB

  • Thanks for sharing your dividend income with us. As you stated, compared to last year you are way ahead. That’s the beauty of being a dividend growth investor… you get to see your passive income grow over time from 0 to hundreds and thousands of dollars. Nice to see RY in common for the month. As you know I’m still a fan of the large Canadian banks even though they have come up quite a bit from the Feb. lows. Look forward to following your progress in ’16.

    • Hey DH,

      Thanks for visiting and commenting. Agreed, and very glad I decided to start blogging about DGI and am very accountable and transparent with everything – it helps me track my progress; I’d probably not know how well I’m doing without looking at the numbers like I do on the blog.
      I’m also a fan of the Canadian banks, but am hesitant to add after such a giant mark-up and my exposure to financials.

      DB

  • Keep it up DB. Don’t worry about the dividend cuts. You’re lucky you experience them early on in your career. You’ll only be wiser and smarter moving forward. Makes you more stronger experiencing all these aches and pains. Believe me.
    Don’t stop and keep grinding away bud. Give it 5 years and you’ll be a baller. Cheers bud.

  • Dividend Beginner

    Great dividend income, the dividend cuts are only setbacks in you journy to financial freedome, but keep in ming that if you will keep thesnowball rolling the dividends will still be heading towards you.

    Sharon – Divorcedff

  • This post is inspiring. It gives the beginner-investors something to look forward to. It also offers a lot of helpful to for the starters who have just learned about dividends.

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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.