Last month I received a dividend income of $557.24 for the month of February. It was a good month in terms of YoY growth and met the expectation of not having a month this year under the $500 mark. February is typically the worst month of the year for my dividend schedule. This should be the last time I ever see a $500 month and I expect March to crush that benchmark.
This year, my goal is to pass $8,000 in total dividends received. Let’s check out March.
March Dividend Income
For the month of March I received dividends from 18 different companies.
|TSE:NVU.UN||Northview Apartment REIT||$84.06|
|TSE:CWB||Canadian Western Bank||$83.03|
|TSE:D.UN||Dream Office REIT||$38.00|
I received $850.50 in dividends for the month of March.
This is a new personal record, blowing past my Dec 2016 record of $760. That is an increase of $90 in a measly 3 months.
I can’t wait to go out and spend all this free money. What should I buy with my $850 bucks? Maybe a new…
His and Hers Apple Watch 2: $369 each.
As any reader knows, I prefer to spend my dividends on things that go up in value. I chose to DRIP my dividends.
I know many people don’t like to DRIP and prefer to take cash instead. 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 41.20% or $248.50 more than March 2016
- My quarter over quarter increase was 11.90%
- Another solid quarter
|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 slightly ahead of schedule with an average increase of $216.95 per month. ($650.86/3)
My total dividend haul this year is getting very close to my 2014 total year! I’m currently sitting at $2,046.86 and it’s only April 1st. It’s crazy to think that I have already accumulated 95% of my 2014 total in just 3 months! How cool is that.
How Much Free Money?
|Year||Total Dividends Received|
Since 2014 I have received $14,829 worth of dividends. This does not include any capital appreciation.
Every month I like to see what my dividend income can purchase if I chose to spend it on frivolous stuff. Seeing as my monthly dividend bought me a pair of his and her Apple Watches, I found a couple of nice Rolexes for just over $12,000 and would still have enough left over for a nice holiday.
Stay classy Fire bros