I guess it sums up pretty well the whole idea of Dividend Investing : money working for you.
I take comfort in knowing that my dividends all come from strong and reliable companies that will grow their money distribution over time for the benefit of their shareholders. As long as it beats the inflation rate, that should make me richer in 20-30 years.
So, as you can see on my Dividends and Royalties page, January is below my average Dividend paying month of roughly 240 $.
Last month I managed to collect 125,90$.
(I'm not counting Nova Scotia Bank (BNS) yet, since I just recently bought it).
My Dividends came from:
- Canadian Pacific (CP) : 14,00$
- Mondelez International (MDLZ) : 18,75 U$
- Kraft (KRFT) : 27,50 U$
- Power Financial (PWF) : 26,25$
- BCE : 24,70$
- Cominar (CUF.UN) : 14,70$
- My total Dividend paid for 2015 : 125,90$
- My Total Dividend paid since I started Dividend Investing : 9 694,76$ + 125,90$ = 9820,66$
Some of that money is in US dollars, which makes the payout even bigger since our loony is doing so badly nowadays. But again, there is withholding tax on foreign investment. So I guess it evens out.
What do you think of my dividend income stream? I know it should be bigger, considering my portfolio, but I am still holding on to some cash. I'm waiting for a market correction. Will it come?