May 2015 Dividends

Dividends

Good morning readers,

I can’t believe it’s only been two months since I started receiving dividends from having the foresight to invest in dividend growing companies. It’s been an eye-opening experience of how an enormous part of wealth is built in America, Europe and many other places.

Plant Your Seeds NOW

I’m deeply grateful that I’m lucky enough to have everything I need and am able to put away a good portion of my funds into the stock market to act as little income soldiers. I look at every dollar I funnel into these dividend companies as little soldiers who go off and return every month or every quarter with some money that I can reinvest into my dividend machine, ultimately allowing me to achieve financial independence at a relatively young age.

As is said quite often when referring to investments & which I find to be abundantly true despite my young age and only just having entered the stock market,

“The best time to plant a tree was 20 years ago. The second best time is now.”

May 2015 Dividend Income

Tax-Free Savings Account
D.UN $8.40
HR.UN $4.95
PGF $3.90
DRG.UN $6.67
AAR.UN $3.90
TPH $11.25
Non-Registered Taxable Account
G $3.96
Total
$43.03

 

So there you have it… $43.03 in monthly dividend income for May. I just opened my taxable account recently, and I need to have $10, 000 in it by September or will be charged a fee. It’s unfortunately because they had announced an increase in the TFSA contribution limit which I’ll have to wait now to take advantage of.

Going forward, I’ve decided that I’ll put the higher yielding stocks into my TFSA and the lower yielding, higher growth ones in my taxable account. I currently have a couple great stocks in my TFSA which I’d like to have in my taxable account but we’ll see what I can figure out with that.

In any case, my portfolio isn’t too large for now, and I still have a decent amount of capital to allocate, but I’d like to take things a little more slowly, and buy more well-known companies.

I added about $18 or so to my monthly income considering I purchased mostly monthly-paying dividend stocks, so that will be helpful going forward in achieving my goals. It’s also really nice to think my monthly cell phone bill is paid through dividends now, as I pay $43 with my tax included for my phone with Fido.

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Total 2015 Dividend Income

 

In total yearly dividend income for 2015, I’ve now totaled $68.00 in dividend income, while I have a goal of reaching $500 before the end of the year. It’ll be a grind to get there but I believe I can accomplish it still. Really wishing I had Jan, Feb & March to back me up here but I’m just glad to have begun my investing career! $500 here we come!

 

image (5)

 

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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  • Great month for passive income. We all have to start somewhere but with consistent buys, dividend growth and the magic of compounding you’ll be amazed at your year over year results. Keep that snowball growing.

    • Thanks DH,

      Yeah, I’m sure it’ll snowball after a couple of years if I can keep up this pace. That’ll be the challenge – but I guess the amount of available capital always is.

      DB

  • Hey DB. Congrats on finding Dividend Growth Investing bud. You’re gonna thank yourself for starting this hobby many years from now I’m sure of it. Thank you for sharing your journey with us and I’ll be following you my friend. Let’s continue this journey together and help one another. Take care my friend.

    • Thanks DH,

      Years from now I’m hoping to be much closer to financial independence! Looking at my Goals chart, things will be very nice. Take care of yourself; always glad to hear from you.
      DB

  • Hey Dividend Beginner,

    Getting $43 in your second month of investing is about 25% more than I received during my second month.

    You’re definitely at the right track!
    Good thing you planted those seeds.

    Keep it up and the dividends will grow steadily!

    Best wishes,
    DfS

    • Hi DFS,
      Good to know I’m doing relatively well in the dividend scene.
      Seeds planted bud, gotta extend these roots now and collect more and more money! Outlook’s looking really well in the upcoming months. Will definitely reach my goals.

      Thanks for visiting,
      DB

    • DM,

      That’s the plan. Financial Independence will come sooner than later with this snowball rolling here. Thanks so much for visiting. Hope to see you around!

      Best regards
      DB

  • Hey Div Beginner,
    Nice start to your blog – we started around the same time so just wanted to pop in and say Hi. This line stood out to me, “little soldiers who go off and return every month or every quarter with some money” – they sorta sound like bandits/raiders if you ask me. I don’t mind it though the more income we can build passively I’m all for it.
    Good Luck,
    Rich

    • Hey RM,

      Nice of you to stop buy – I hope you’ll continue to do so! That’s really cool that we both started off at the same time. It’s nice to see when I’m surrounded by bloggers who’ve been doing this successfully for years. Passive income, however (legally) earned is great in my books, bud! I’ll hop onto your site and check it out.

      Best regards
      DB

  • Hey DB,

    You mentioned that you need to fund your TFSA $10K by September or else you will have an extra charge for it. How come? You should have till the end of the calendar year and the amount should be your own decision, as long as you don’t surpass the contribution limit. Do you have some different rules with your stock broker?

    Thanks,

    GK

    • Hey GK,

      I need to fund my taxable account for $10k by September. My TFSA has no requirement. I shouldn’t have any trouble with this, since my taxable account is now at $8k.

      Best regards
      DB

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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.