January 2016 dividend income

January 2016 Dividend Income

Dividends

What a start to 2016 it’s been! Bear market, bull market, sideways market… Stocks have been volatile as all hell and I’m lovin’ it! I put my foot down big time on Canadian financials in January.

I purchased:

Two of my holdings reduced their dividend in January:

While Pengrowth Energy Corp. will be reviewing their dividend payments on a quarterly basis, I will assume they will not pay a dividend for the next 12-months for all my dividend income expectations. With all of these additions to my portfolio, I’ve added a total of $316.20 to my 12-month forward dividend income, but suffered a $43.80 loss due to dividend cuts, for a net gain of $272.4 to my 12-month forward dividend income.

Dec 2015 Net Increase Jan 2016
Annual Dividend Income $1,067.80 $272.40 $1,340.20
Monthly Dividend Income $88.98 $22.70 $111.68

January 2016 Dividend Income

Non-Registered Taxable Account
WMT $8.82
T $15.40
ZWU $7.02
WCP $7.50
AD $8.10
G $1.86
Tax-Free Savings Account
T $15.40
AAR.UN $3.90
PLZ.UN $5.42
D.UN $8.40
DRG.UN $6.67
BNS $16.10
HR.UN $4.95
Total
$109.54

January 2016 Dividend Income

January 2016 marks the first month where my dividend income has surpassed $100.00. It’s a decent amount of money and will help the snowball roll along more smoothly. With dividend income increasing every month through added capital or dividend increases, I hope that this stream can grow more quickly so that I can reinvest the dividend payments on a more consistent basis.

Lifetime Dividend Income

Compared to January 2015’s $0.00 in dividend income, January 2016’s dividend income has grown to $109.54. Last January is when I first began considering investing, when I read the book Money: Master The Game by Tony Robbins. Three months later I purchased my first stock, The Vanguard Total Stock Market Index Fund (TSE: VUN). Shortly after, I sold that and began my dividend growth portfolio.

Total 2016 Dividend Income

This year is starting off with a good bang for The Dividend Beginner; about 1/5th of my 2015 yearly income was earned in my first month of 2016 here.

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’ January 2016? Any new positions? Dividend Raises? Dividend Cuts? Looking forward to February? 

 

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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  • Solid dividend income Dividend Beginner. Interesting purchase with AD, I don’t know much about the company, need to look into it a bit more. Dividend cuts suck, we have seen a few in our portfolio the last few months too (COS, POT, KMI). Noticed that you’re investing in US stocks in your taxable account. Why’s that? Don’t you end up paying the 15% withholding tax? If you have RRSP room I’d recommend investing US stocks in RRSP.

    • Hey Tawcan,

      Thanks for stopping by. I really like AD, hopefully they can get through their current issues and shares can climb back up to their previous price. Would result in a very nice gain. Yeah, the dividend cuts are making me rethink the whole idea about investing in commodity-based companies – notice how all of yours which dropped dividends are also commodity-related?

      Good point about the US companies not being in an RRSP. First off, GWW has such a low yield I wouldn’t bother putting that in my RRSP. WMT has a better yield, but I was planning on loading up on high-yielding dividend growers in my RRSP to make the most use of it’s tax sheltering. Besides that, my current brokerage requires a minimum of roughly $25k to open an account with no fees, so it’s likely I’ll open one with another brokerage down the line. For now it’s not an issue with the exchange rate, I’m not likely to invest in the US.

      Thanks for commenting Tawcan,
      DB

  • Look at you buying all attractive bank stocks. Love the purchases. Great moves. They won’t disappoint you if you are holding them for a long term.

    Congrats on exceeding $100 of dividend income. That’s a great start!

    Cheers

    BeSmartRich

  • Well done, DB. Your dividends are adding up to a significant amount – now that youve crossed the $100 mark. Congrats! Keep it up and keep them compounding and you will be setting new milestones soon.

    Best wishes
    R2R

  • Congrats on cracking $100 for the first time. It’s always nice to hit these milestones with passive income. BNS and RY are still looking fine even at these depressed levels. Their dividends are still very much sustainable which is the most important thing if looking to grow your passive income and one day live off those dividends. I have to say I’m not too familiar with many of the other names mentioned above. Guess I have some homework to do as well. Keep sticking to the quality and don’t beat yourself up too much over divvy cuts. They happen!

  • Thanks for sharing DB. I can tell by reading your post that you’re super addicted and just want to explode huh? You’re a crazy investor now! Keep it up bud and congrats and starting your journey. Keep hustling it up and your portfolio’s gonna reach crazier heights. Believe it bud. “Your focus is your Reality.”
    Cheers my friend.

    • Hey hustler,

      I’m sure that being a crazy investor ready to explode is a good thing, right? Because I definitely am. Focusing really hard on finding the right names to add at the best time and in the best order. Takes a lot of thinking but is well worth it.

      Thanks for stopping by,
      DB

    • Hey IH,

      Thanks for stopping by and commenting. CDN banks have had a terrible 2015 and early 2016 and are coming up pretty quick now. Hope they sink some more before resisting and we have the opportunity to pick up some more.

      DB

  • DB,

    SOLID dividend income – gotta love AT&T! And ouch on the cuts – at least I see you scooping up the Canadian banks over there, it’s been quite a trend as of late.

    Great month and great forward looking stat – excited for the rest of the year for you, keep it up.

    -Lanny

    • Hey Lanny,

      Actually T in my case represents Telus, my #1 top holding. The cuts offset my net increase sadly. Excited to see those new dividends flowing into my brokerage! You guys are killing it over there. Thanks for stopping by and commenting.

      DB

  • That’s some nice dividend income DB. Getting over $100 in any month is a great thing. Sorry to hear about the cuts, hopefully it’s just a once off to adjust for the current environment rather than permanently.

    Good luck for the rest of the year 🙂

    Tristan

    • Hey Tristan,

      I’m not too phased by the cuts, receiving over $100 for the first time definitely outdid the small losses. And I’ve added a great deal to my forward income the past month. Best of luck to you as well.

      DB

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