Portfolio Value Update - May 2017


Portfolio Value
What's going on, guys? Another month passed by and it's time for me to report my dividend investing progress.

As of May 31, 2017 my investment portfolio balance stood at $43,611.13. That’s an increase of $643.64 from last month. Not much of an increase, considering new capital allocation and dividends. I'm currently behind my goal of reaching $50,000 by the end of the year. We'll see how my stocks do in June.




Dividends
Dividend income is a passive income for which I don’t have to work for. I simply invest in different corporations and collect dividends for owning the stock. In May, I received a total of $200.91 in dividends vs $158.32 for the same period a year ago. That's an increase of $42 or 27% on year-over-year basis.

Contributions
In May, I added $800 of fresh capital to my TFSA account. The maximum amount that I can contribute in 2017 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 29 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
In May, on of my investment was sold to a private company.

Milestone Apartments REIT (MST.UN.TO) was acquired by Starwood Capital Group. I bought the shares of MST last year for $14.29 per share and received $22 when the deal was closed. That's around 50% ROI, not included the monthly distributions I received from the company.

In result, I had more money to invest in May. I decided to double my position in Killam Apartment REIT (KMP.UN.TO). I bought 180 shares for $12.62 per share. This purchase should add a nice monthly income to my portfolio. The current dividend yield for KMP is around 4.8%, paid monthly.

How was your month? What was your dividend income? Feel free to comment below. Thank you!

9 comments:

  1. Good job. Over 200 on an off month is awesome you are making progress. Keep it up

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  2. Nice jump year over year with your dividend income. Keep those contributions going and build up that income stream bit by bit.

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    1. I will keep it up for as long as I can :)

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  3. That's a pretty nice month - solid jump y/y - keep it up!

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  4. Just stumbled across your blog! Looks great. I see we have a few of the same companies in our portfolios - best of luck.

    Would you mind if I added a link to your site on mine? Let me know.
    www.moneymaaster.com

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    1. Hey Jordan!

      Thanks for stopping by and commenting on my post. I just checked out your blog and your portfolio. Congrats on getting the blog started. I will add your blog to my blogroll and will follow up on your updates.

      Take care!

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    2. Thanks! Just added you as well.

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