In my last dividend income update in March 2014, I had a couple of goals. I also bought (surprising to me) a lot more exchange traded funds than I thought I did, to the point that updating this excel spreadsheet has been a little on the ridiculous side (I had to add a number of rows to my dividend income spreadsheet). If you want to make your own spreadsheet, check out my snazzy ‘step by step guide on how to make a dividend income spreadsheet‘
In the past three months, some companies increased their dividends, and one or two companies cut their dividend. It was nice getting practice using an Excel spreadsheet (like a few hours of practice unfortunately-it takes me that long to update these charts!). If you don’t use it you lose it, right? 🙂
Here is a recap of some of the goals I had (in italics for your reading pleasure) alongside the action I took:
- Consider re-buying NLY at reduced price for a maximum 100 shares
- I have done this, I bought 100 shares of NLY for the price of $11.15. My annual dividend yield at this price is 10.76%. A little steep and a little crazy for income but I guess I like to gamble sometimes.
- Considering buying some shares in AT&T (NYSE: T) the dividend yield is a robust 5.72% (maybe a little too high actually) and it is very close to the 52 week low- of course, I would put this in my RRSP because of the taxes involved if I were to put it in my non-registered account. I would only buy under 50 shares in this.
- I did this and bought 45 shares for $32.00. The current price is around $35.32 (at time of writing) which gives me approximately a healthy 10% gain.
- Buying more exchange traded funds (ETFs)
- Holy toledo did I do this in the past few months!
- I bought ZDV, VUS, VEF, CLF
- Research some good dividend paying stocks for the roughly $6000 in cash that I currently have in my TFSA Tax Free Trading Account
- I now have around $7000 sitting in my TFSA, I tried to buy more EIF when it dipped but it bounced back again.
- This will be on my ‘to-do’ list action plan for next dividend update- buy some stuff for my TFSA
- My current annual dividend income is just over $4500- I would like to see this over $5000, maybe even around $5500 if I am ambitious!
- As of this month’s update, my annual dividend income is approximately $5200. I have $300 more in dividends per year to achieve my $5500 annual dividend income goal
- I am going to look into selling Transalta (TSE: TA) depending on how it performs and how much I am up or down in the stock. I only have 100 shares anyways.
- I didn’t do anything about this. The dividend is even crappier than last time.
- The exchange traded fund CPD isn’t doing that well, but the dividends are ok and have offset the losses that I have had (well, imaginary losses since I have not sold)
- It bounced back up and I am happy happy happy.
- BCE increased their dividends- now it pays out $2.47 per share on an annual basis
MY FUTURE PLANS FOR NEXT UPDATE in September INCLUDE:
- Buy more dividend paying stocks for my TFSA with the roughly $7000 sitting in there
- I might look into buying another bank since Bank of Montreal (BMO.TO) has done so well for me (I am up $1700+ in this for now), like Canadian Imperial Bank of Commerce (CM.TO) or National Bank (NA.TO)
- I might look into buying another energy related share
- Or add more positions into the exchange traded funds I already hold in the Tax Free Savings Account
- Another goal for the next three months would involve trying to get to $5500 annual dividend payout (how awesome would that be, a $5500 annual dividend payout is really like an extra $450 a month!)
Related: Canadian Dividend Investing: Big Banks
Alright, enough babbling. If you want, you can check out my labour of love June Dividend Income Excel Spreadsheet below! Apologies for the small print, I had figure out some way to get all the dividends in there (through shrinking my MacBookPro screen haha)!
Readers, how is your dividend portfolio coming along? Do you have an annual dividend income goal as well?