Dividend Portfolio Update - February 2015
Dividend Portfolio Update - January 2015
Dividend Portfolio Update - December 2014
Happy New 2015 Year!
To all my readers, I would like to wish you a happy new year. May the new year set a positive trend for your portfolios. May all your wishes come true sooner than later.
Dividend Portfolio Value
As of December 31, 2014 my dividend portfolio balance is at $18,036.00, down by about $900 from the previous month. My portfolio value is down amid my energy stocks. I did not make new contributions in December so I didn't have new capital to offset the decline of energy stocks. Hopefully my energy stocks will gain some value in the next couple of months.
Dividends
For the month of December, I received a total of $115.11 in dividends vs $97.64 for the same period a year ago. My dividend income increased by 18% on year over year basis. My total Year-to-Date dividend income for 2014 is $1,133.86.
Portfolio Value Update - November 2014
November was a tough month for the markets, especially for the energy sector. Last month, I was speculating that TSX would rebound and it did advance by 600 point by mid-November, but then it pulled back by about 400 points mainly due to the oil sector. The past couple of weeks, the price of crude dropped by another $10 to close at around $65 per barrel.
I added 20 shares to my existing position at $27.00 per share. RioCan has a 5.2% dividend yield and this purchase will bring additional $2.35 per month in dividend income.
This is a brand new position for me. I bought 45 shares at $12.19 per share. CT Reit has a 5.2% dividend yield and this purchase will bring additional $2.40 per month in dividend income.
On November 26, my dividend portfolio surpassed $19,000 mark for the first time, closing at $19,366.20. The following day it dropped by $597.60 when oil prices collapsed. This was the worst day for me. Very soon, my portfolio should rebound and stay above $19,000 for good.
Dividend Portfolio Update - October 2014
So far, October has lived up to its reputation as the most volatile month of the year for the stock markets. Global markets have witnessed a dramatic sell-off over the last four weeks. We saw irrational selling of pipelines and utilities, energy and financials. But corporate earnings remain strong, interest rates stays low for longer than expected, and the U.S. economy continues its course of recovery. Oil prices have dropped to $80 range, but lower crude prices are beneficial for consumers. The less we spend at the pump, the more money left in our pockets.
We are told by the news media that the main cause for the recent decline in oil price is based on short term over supply. However, the fundamental demand remains quite strong. I think the main reason for oil drop is to damage Russia financially as it relies heavily on oil for its income. Russia needs oil to be around $100 to balance their budget, while other oil export countries could balance their budget with $80 oil. Canadian oil produces will be hurt badly as well if oil stays at $80 price range. The world leaders will have to find a compromise and oil producers will have to cut production to stabilize the price.
Dividends
In 2009, the government introduced a Tax-Free Savings Account (TFSA) that allows Canadians to put aside $5,000 per year. Investment income, including capital gains and dividends, earned in a TFSA is not taxed, even when withdrawn. From 2009 to 2013, the maximum contribution room was $5,000 per year. In 2014, the contribution room was raised to $5,500 per year.
No milestones were reached this month. If we get a rally in November then I should surpass $19,000 mark. I'm looking forward to it.
Usually November and December are good months for stock and I expect that to be the case this year. Since winter is around the corner, the price of oil should strengthen as energy demand increases. The recovery of energy stock will help the TSX to rebound.




