Portfolio Value Update - June 2016

Portfolio Value
By the end of June 30, 2016, my dividend portfolio balance was at $33,419.92. That’s an increase of $1,256 from the previous month. To be honest, I was surprised to see a net capital gain in my portfolio this month. The market got hit because of the Brexit, but then reversed most of the loses just before the month end. But regardless of the market swings, my dividend income is growing each month. That’s what important for dividend investor like me.



Dividends
Dividend income is a passive income for which I don’t have to work for. In June, I received a total of $180.10 in dividends vs $117.96 for the same period a year ago. That's an increase of $62 or 53% on year-over-year basis.

My total Year-to-Date dividend income for 2016 is $986.13. Based on my forecast, I should receive around $2,000 in dividends this year. It doesn’t sound like a big amount but it’s growing every year. All dividends are reinvested into dividend paying stocks.

Contributions
In June, I added $800 of fresh capital to my TFSA account. The maximum amount that I can contribute in 2016 is $5,500. Since I have contribution room from prior years, I will continue to add $800 per month until I reach my maximum contribution.

My Investment Account (TFSA)
My portfolio consists of 26 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 65 shares of CT REIT (CRT.UN.TO) for $14.79 per share.

4 comments:

  1. Solid year over year gains. It's always nice seeing those dollars enter your portfolio without having to do any active work. Just think how many monthly bills that $180 can cover already. Thanks for sharing.

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    1. Hey DivHut!
      Thanks for the encouraging words. While $180 looks like a small amount, it could cover some of the bill indeed.

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  2. I always visit your site at the beginning of the month to follow your progress. Since my portfolio total is close to yours, it allows me to evaluate my progress at the same time. Thank you for your post.

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    Replies
    1. Oh cool! Do you have a blog as well?

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