Portfolio Value Update - September 2016

Portfolio Value

As of September 30, 2016 my dividend portfolio balance stands at $36,377.14. That’s an increase of $1,732 compared to last month. Finally, I surpassed the $35K value for the first time. My portfolio did pretty well considering that historically in September we get market correction of 5%. I also received the highest dividend amount.


Dividends
Dividend income is a passive income for which I don’t have to work for. In September, I received a total of $192.63 in dividends vs $135.70 for the same period a year ago. That's an increase of $56 or 42% on year-over-year basis.

My total Year-to-Date dividend income for 2016 is $1,534.68. 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 September, 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 bought 44 shares of Alaris Royalty (AD.TO). I paid $22.80 per share. At this time my position in Alaris Royalty consists of 160 shares.

The shares of Student Transportation have recently rallied to all time high and I decided to trim my position. I sold 120 shares of STB.TO for $7.88 per share. I have 540 shares left in my portfolio and I plan to trim some more if shares continue to rally. I usually buy STB at around $6.

From money that was raised from STB.TO sale, I decided to invest into Gibson Energy (GEI.TO). I bought 55 shares of Gibson Energy for $17.22 per share.