My monthly dividend income hit a fresh high last month, as I received over $1300 from 28 different income sources.
2019 was one of the amazing years for investors in terms of capital appreciation and dividend income.
So many companies from my portfolio increased their dividends by more than I expected, and their share prices went all the way up as well.
As a result, my dividend income and net-worth hit to fresh high by last year.
Long-term readers know that December is one of my ‘fat’ dividend income months. The monthly dividend usually fuels-up by special distributions from some of my holdings.
Thus, I received a higher dividend income last month.
2020
Now, we are in 2020.
The stock markets around the world continue having their momentum that was built last year as the bad news surrounding the markets were disappeared (at least for now).
Hopefully, it will be another good year for investors. We will wait and see.
Again, I am an income-focused dividend investor. Thus, capital gains or losses do not make any sense to me.
I like to watch my dividend income grow over time than the short-term paper gain or capital appreciations.
I believe many of my holdings will hike their dividends for the next few weeks. Usually, they do every year with their 4th quarter results.
And, they will continue to do so this year. I have no doubt about it.
Also, I will keep reinvesting my dividends to buy new shares.
So, my dividend continues to grow.
Therefore, I will be receiving even a much higher income than last month in March.
I am a very strong believer in compounding growth, and I have been witnessing its power in my own experience.
Its momentum is building up faster and faster. I feel that I have been moving forward in the right direction.
If things go well as I planned, I can reach my long-term goal of financial freedom by the time I planned.
Honestly, I am very happy with my results, and the investment strategy I am using to achieve my financial freedom.
Please understand that dividend investing is one of the ways to build wealth, but it is not the only one. There are multiple ways to create wealth such as growth investing, real estate investing, online business, etc.
I chose dividend investing but you could choose different ideas based on your knowledge, interest and risk tolerance, and educate yourself, develop a strategy and stick with it for the long-term.
For those looking to reach financial independence by using the dividend investment strategy, then I would strongly recommend you to read the following two books.
- Get Rich with Dividends: A Proven System for Earning Double-Digit Returns by Marc Lichtenfeld
- The Single Best Investment: Creating Wealth with Dividend Growth” by Lowell Miller.
A few dollars of investments in good books and training help you save & make thousands of dollars later in your life. The money I spent on learning is the best investment I made in my life.
Disclosure: Please note this post contains affiliate link. Therefore, I will earn a small commission if you use the links to make purchases or services (at no additional cost to you).
Let’s get back to the numbers.
I received $1336.51 dividend in December 2019, which is 15.18% higher than the dividend I received in December 2018, due to regular dividend increases and dividend reinvestments.
Summing up all the dividends I received in 2019, I came up with $10844.02. One of my short-term goals is to receive at least $10800 dividend income during the year of 2019. Therefore, I achieved my 2019 dividend income goal.
Dividend income from Canadian stocks
- BAM.A – $25.79
- CGX – $15.00
- XRE – $34.17
- BPY.UN – $127.60
- BEP.UN – $83.01
- BIP.UN – $194.40
- PLZ.UN – $6.16
- NVU.UN – $9.51
- FC – $9.36
- CAR.UN – $3.45
- NWH.UN – $3.33
- REI.UN – $16.80
- MFC – $12.50
- CHP.UN – $12.23
- CU – $109.90
- ENB – $191.88
- FTS – $112.21
- ALA – $12.00
- IPL – $7.12
- KEY – $32.00
- CNR – $69.88
- H – $26.56
Dividend income from U.S stocks
- SDY – $74.45
- VIG – $11.97
- DGRO – $62.97
- ZUD – $1.28
Total dividend I received from U.S stock holdings: $134.75
Dividend income from my International dividend portfolio
- IDV – $44.85
- ZDH – $26.13
Total dividend I received from International investments: $70.98
Total: $1336.51
Total dividend I received for year 2019: $10 844.02
Please note that I do not convert dividends received from U.S stocks to Canadian dollar, and I use a 1 to 1 currency rate approach to keep the math simple and avoid fluctuations in my dividend income reports due to changes in the exchange rate.
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 $11 687.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 46.75% of my goal.
I hope I have been moving in the right direction toward my long-term financial goals and I am very happy with my results so far.
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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