This is my second dividend income update that I have published, and I plan on using these as a way to review where my dividend income is coming from and the asset allocation. And of course it’s cool to look back at the amounts over time to see how the monthly income has grown.
Related: Asset Allocation for All Ages
As you probably know, I tend to invest in companies that pay dividends and then reinvest any dividends I receive. I’m hoping to take advantage of compound growth by avoiding any investment withdrawals. My long term goal is to use the dividends to pay for my expenses when I retire.
April Dividend Income
I received dividend income from the following sources:
- RioCan REIT
- Crescent Point Energy
- Surge Energy
- Bird Construction
- ETF: iShares Canadian Dividend Aristocrats (CDZ)
- ETF: iShares Select Dividend Index Fund (XDV)
- BCE Inc.
- Cineplex Inc.
- Roger’s Sugar
- Bank of Nova Scotia
- Canoe EIT Income Fund
Total April dividend income: $633.46
Note – some of the dividends received are in US currency which is converted at 1:1 for simplicity.
Future Portfolio Plans
In my last monthly dividend income update I mentioned I planned on investing further in US companies. I did buy more shares of Johnson & Johnson (JNJ) and plan to hold them for the long term. Since I’m not as familiar with the American market I am still considering using an ETF that covers a large number of blue chip, American dividend companies.
I am also keeping an eye on the following stocks:
- Canadian Utilities (CU)
- Intact Financial (IFC)
- Cineplex (CGX)
Conclusion: April showed a bit of growth on the monthly income and hoping to continue as the year goes on. With the new increased TFSA limit it would be nice to shelter more of the income from taxes.
How was your investment income in April? What are you watching/buying?