Portfolio Value Update - August 2016



Portfolio Value
As of August 31, 2016 my dividend portfolio balance stands at $34,644.91. That’s an increase of $197 compared to last month. The Canadian market is down 200 points from its peak and so is my portfolio. In mid-August I was getting close to $36,000 before stocks started to sell off. But that’s fine with me. I rather buy stocks cheaper.

Dividends
Dividend income is a passive income for which I don’t have to work for. In August, I received a total of $172.09 in dividends vs $130.29 for the same period a year ago. That's an increase of $42 or 32% on year-over-year basis.

My total Year-to-Date dividend income for 2016 is $1,342.09. 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 August, 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 27 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
I added 2,600 shares to my existing holding of Grenville Strategic Royalty. I paid $0.36 per share, but they are now trading at around $0.25 per share following a lousy Q2 earnings report. I was a bit early buying the stock; I would rather pay 25 cents for it. I did not expect the report to be as bad as it was. Anyway, I will wait a few quarters to see how their operations go.

3 comments:

  1. Congrats. 2000 dollars in dividends is an awesome amount for a year. Hopefully next year I will hit that amount. If not defenatly the following year.
    As long as it goes up every year that is what we want.

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  2. Congrats on the nice YoY dividend income increase. Your annual projection of $2,000 this year is impressive. Keep up the good work.

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  3. Congrats on the YoY increase. Keep up the great work.

    ReplyDelete