Last month I received a dividend income of $850.50 for March. I crushed my year over year increase goal of $170 per month with a legit $248.50 increase. I’m hoping to keep this momentum going as I press forward through April.
This year, my goal is to pass $8,000 in total dividends received. Let’s check it out.
April Dividend Income
For the month of April I received dividends from 16 different companies.
|TSE:NVU.UN||Northview Apartment REIT||$84.20|
|TSE:ZLB||BMO LOW VOL ETF||$40.70|
|TSE:D.UN||Dream Office REIT||$38.13|
I received $931.94 in dividends for the month of April.
This is a new personal record, blowing past last month’s record $850.
With over $900 bucks burning a hole in my pocket, it’s time to go shopping! With spring in the air, I think I will buy a brand new…
With evenness performance and the ability to cook over 28 hamburgers at the same time, I would be a fool not to purchase this exquisite beast of master cookery.
I guess I’m a fool.
Like every month, I DRIP my dividends and buy back more shares, usually at a market discount. This is the secret to investing.
The money that I make (dividends) will now continue to make their own money! And on and on it goes.
The reason I like to invest my money through dividend reinvesting is 2 parts.
- I don’t pay a transaction fee, which doesn’t seem like much, but they do add up fast.
- I get a DRIP discount on new shares below market price, usually by around 3-5%
Nuts and Bolts
- My year over year increase was 197.74% or $618.94 more than April 2016
- My quarter over quarter increase was 45.82%
- This was a ridiculous quarter almost entirely due to my new position in AQN
- I do not expect to ever see this big of a gain again unless I win the lotto.
|Month||2015||2016||2017||2017 $ INC||2017 % INC|
One of my goals for 2017 is to increase my dividend payout an average of $170 per month over the previous year. I’m moving quite ahead of schedule with an average increase of $317.45 per month. ($1269.80/4). Saying that, I don’t expect to keep up at this breakneck pace through summer.
My total dividend haul this year has already passed my 2014 total year! I’m currently sitting at $2,978.80 and it’s only May 1st. It’s crazy to think that I have already passed my 2014 total in just 4 months! How cool is that.
How Much Free Money?
|Year||Total Dividends Received|
Since 2014 I have received $15,761.66 worth of dividends. This does not include any capital appreciation.
Every month I like to see what my total dividend income could purchase if I chose to spend it on frivolous stuff. Seeing as my monthly dividend bought me a fancy new BBQ, I thought what else could I buy to enhance my chef type abilities?
Turns out I could buy a whole darn kitchen 🙂
I wouldn’t call this a frivolous purchase and If I did spend my dividends it would most likely be on something like this, I know my wife would like it 🙂
Unfortunately for her, I’m a dividend reinvestor and one day (maybe) my dividends dividends can buy her one of these.
Stay classy Fire bros