Dividend Portfolio Value
By the end of October 31, 2015 , my
dividend portfolio balance was at 22,920.66, up by about $1070 from the previous
month. The main increase in portfolio value is attributed to the new capital
contribution and dividends.
Dividends
In October, I received a total
of $152.53 in dividends vs $108.17
for the same period a year ago. That's an increase of $44.36 or 41% on
year-over-year basis. My total Year-to-Date dividend income for 2015 is $1,223.69.
My dividend goal for 2015 is to receive $1,400. All dividends are reinvested
back into dividend paying stocks.
Contributions
In October, I added $800 of fresh capital to my account. So far my total
contribution for 2015 reached $8,000. My priority is to maximize my TFSA
account each year. The current TFSA contribution limit is $10,000 per year.
My Investment Account (Tax Free Savings Account)
My TFSA consists of 22 Canadian dividend paying stocks. Most of my stocks pay dividends on monthly basis. This allows me to collect dividends and reinvest them into dividend paying stocks more rapidly.
Transactions
Bought 35 shares of Prairiesky Royalty at $25.80 per share. I finally decided to invest fresh capital into energy stocks. It's been over a year of waiting to get into energy space again. I think the oil prices are near the bottom and now it's the time to pick up some good quality names. I mentioned before that I will start to accumulate royalty names first. I think that PSK.TO is a good play in energy space.
Transactions
Bought 35 shares of Prairiesky Royalty at $25.80 per share. I finally decided to invest fresh capital into energy stocks. It's been over a year of waiting to get into energy space again. I think the oil prices are near the bottom and now it's the time to pick up some good quality names. I mentioned before that I will start to accumulate royalty names first. I think that PSK.TO is a good play in energy space.
Congrats on your dividend income for October and that healthy year over year increase. Curious to see which names paid you last month. Just keep adding to those high quality names. Still no Canadian banks in your portfolio? They have dropped quite a bit in 2015.
ReplyDeleteHey DivHut,
DeleteThanks for stopping by and commenting on my blog. My October dividend income is so far the highest amount I've ever received. Most of the companies that paid me last month are located in My Portfolio page. I think it's only FCR and WJX pay dividends on quarterly basis. The rest of my companies pay on monthly basis. As for the Banks, I did not add them to my portfolio yet. They are great businesses but my purchasing power is too small to buy $60-$70 dollar stocks. I would be only able to buy a dozen of bank stocks at the time.
Take Care!
Hard to argue with the solid YOY growth. Keep up the great work. Adding fresh capital to your account will only help you get more dividend in the future. :D
ReplyDeleteHey Tawcan,
DeleteThanks for stopping by! You are right! Fresh capital helps in the beginning to grow the portfolio. Can't wait until my divies could have an impact on purchasing power. But my snowball is already rolling. It looks like you had a great month as well. I just read your post a few days ago. Best of luck to you!
I look at your 25 years plan and compare to what you have so far this year, it seems like you're ahead of schedule in term of cash flow from dividend. It looks like you're well on your way.
ReplyDeleteGood luck with future endeavors!
Hi Vivianne,
DeleteThanks for your comments! I'm ahead of schedule because I was able to contribute more into my TFSA account in 2015. The Feds plan to roll back the TFSA contribution limit to $5,500 per year as of 2016. If they do so then my growth will slow down.