March was another amazing month for my dividend income. In fact, it was my best month ever!
I received over $1000 dividends from 48 different income sources – aka dividend-paying stocks. Most of them are well-known blue chip companies, and I am almost certain that we use one of their products and services almost every day in our life.
It is absolutely great feeling to receive such as passive-income, and it has been growing every single quarter from the beginning of my journey.
A few years ago, I was dreaming about making money from stock markets, especially with little effect from my end.
I did try some investment approaches at my early stage and made few mistakes. And, understood how not to invest by learning from the mistakes.
Then, I studied how successful investors have been making their money; learned their investment strategies, and read a lot about them and how they made their fortune with little work from their end.
And, I selected a strategy that matches my interest and risk tolerance, which was dividend growth investing. Thanks to two phenomenal authors & investors Derek Foster and Lowell Miller who shared their strategies with us.
I like Derek Foster’s book, Stop Working, and I already read it couple of times. Mr. Foster was a Canadian ordinary middle-class person like many of us who was able to reach financial freedom in his early thirties by investing in dividend growth stocks.
It is one of the must-read books for those looking to reach your financial freedom at the earliest possible. Please note that the stocks that he discusses in the book are little out-dated, but the concepts to retire early is evergreen.
Another book that I like a lot is “The Single Best Investment: Creating Wealth with Dividend Growth” by Lowell Miller. It gives you a strategy you could use to build wealth with dividends.
As I always say, the books that I bought are the best investment I made in my life. A small price I paid for the books gave big experiences, and helped me to avoid costly mistakes and guided me to reach this level. I would say the return on investment in a book is infinity.
Disclosure: This post contains affiliate links, which means I will earn a commission if you decide to make a purchase (at no additional cost to you).
Let’s get back to the numbers.
I received $1045.83 dividend in March 2018, which is 14.96% higher than the dividend I received in March 2017. Summing up all the dividends I received in 2018, I came up with $2182.53. One of my short-term goals is to receive at least $9000 dividend income during the year of 2018. So far, I achieved 24.25% of the goal.
Dividend income report – March 2018
Dividend income from Canadian stocks
- BIP.UN – $157.04
- NWH.UN – $3.33
- NVU.UN – $9.51
- DRG.UN – $3.33
- CAR.UN – $3.20
- REI.UN – $12.00
- ZPR – $1.90
- ZDH – $5.13
- MRG.UN – $5.50
- BEI.UN – $10.43
- MFC – $11.00
- CU – $98.33
- ENB – $174.46
- FTS – $89.25
- ALA – $27.38
- IPL – $7.00
- H – $22.00
- SAP – $16.00
- SU – $9.00
- CNR – $59.15
Dividend income from Small-cap Growth portfolio
- SYZ – $2.00
- HLF – $3.62
- DIV – $1.48
Dividend income from U.S stocks
- DGRO – $8.25
- IDV – $15.01
- SDY – $15.89
- XLV – $3.30
- MCD – $5.05
- WAB – $6.00
- XOM – $15.40
- AMGN – $6.60
- WFC – $5.85
- INTC – $6.00
- AFL – $2.60
- O – $2.19
- UL – $13.80
- HCP – $3.70
- ADM – $5.03
- TROW – $3.50
- UNP – $3.65
Total dividend I received from U.S stock holdings: $121.82
Total: $1045.83
Total dividend I received for year 2018: $2182.53
Estimated passive income
For those new to this site, the Estimated passive income is the income I estimated to receive in a year based on my current investments holding and their distribution rate.
My Estimated passive income is currently at $9163.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 36.65% of my goal.
I am very happy with my results and achievements so far. I hope I am moving in the right direction toward my long-term financial goals.
Learn about finance, live within your mean, save and invest in high-quality assets will help you reach your financial goals much earlier than you think.
Thank you so much for your great support, encouragement, and being in my financial journey.
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