Friday, April 1, 2016

My March 2016 Dividend Income Summary : $JNJ $ACO.X $POW $ENB $CNR $FTS $COP $SU $CUF.UN $ABX

Hey Personal Financial Freaks! This is my third Dividend Income Summary for 2016. 

As you can see on my Passive Income page, a whopping 10 companies chipped in for this month.  

In March, I managed to collect 531.59$. This is the first time, if I'm correct, that I have reached the 500$/month milestone. Shots for everybody!

The amounts are all in Canadian dollars. 

My Dividends came from:

                REIT Cominar (CUF.UN) : 31.48$ (which I use in part to buy one more unit with my DRIP);

                ATCO (ACO.X) : 57.00$ (ATCO is now a top holding for me.)

                Power Corp. (POW) : 93.38$ (POW remains one of my big 6).

                Barrick Gold (ABX) : 3.96$ (My most hated stock. Only 100 shares remaining...).

                Enbridge (ENB) : 53.00$ (A new addition to my portfolio and a keeper for the long term).

                Conoco Philipps (COP) : 16.85$. (COP and I parted ways recently. It was a minor holding)

                Fortis (FTS) : 47.25$ (which I use in part to buy one more share with my DRIP).

               Johnson and Johnson (JNJ) : 129.92$ (The king of Kings).

              Suncor (SU) : 72.50$ (SU isn't part of my big 6 anymore, it's still a force to be reckon with.)

             Canadian National Railway (CNR) : 26.25$. (I love trains, what can I say!)

My total Dividend paid for 2016 :  250.47$ + 256.52$+531.59$ = 1038.58$

Total Dividend paid since I started Investing : 17 148.93$+531.59$ = 17 680.52$

What do you think of my dividend income stream?

12 comments:

  1. Congrats on another solid month of dividend income, MD.

    Best wishes
    R2R

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  2. Hey Thanks R2R. Not bad of a month indeed. ;-)

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  3. Congrats on this nice dividends amount.

    Thanks for sharing :)

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  4. Thanks for the nice comment Financial Tech! ;-)

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  5. Your dividend income in March is just insane! Keep up the good work body!

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    1. Hey German! Thanks for the super nice comment! ;-)

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  6. Thanks P-I G for the nice comment. Your name has a special ring to it! ;)

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  7. I bought the Enbridge Income Fund this month and not Enbridge Inc. What made you choose one over the other?

    I selected the income fund because it was less expensive and had a good dividend.

    Beth

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    1. Good question Beth. A lot of fund managers hold both equities, ENB and ENF. ENB holds (directly and indirectly) 67% of ENF. Recently, ENB transferred some pipeline assets to ENF (17G$). I guess it comes down to yield over growth. ENF is a more mature kind of company. ENB has a also a strong dividend policy having said that. I prefer to own the main company over its subsidiary. But I guess both choices are sound. Thanks for coming down here!

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  8. Congrats on the excellent month reaching $500 in a month is outstanding keep up the great work.

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  9. Thank you man! I sure will keep up the good work. Nice month for you too. We hold some similar shares! ;)

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Thanks a lot for your comment.