Dividend Income – August 2015

Dividend Income - August 2015How are you doing during this roller coaster ride? One day green, the other day red and then the cycle repeats. If you are in your accumulation years, I hope you are taking advantage of the down days and if you are in the retirement years, I hope you are setup to protect yourself from those down markets.

Dividend Income

My August dividend income landed at $889.42. I know with certainty now that I will earn over $10,000 this year in dividend income provided there is no major dividend reduction.

I have maxed out my TFSA for the year and all previous years as well. RRSP contributions are regular from my pay and now that I have adjustment my mortgage payments in favor of investing, I will have more money to invest. It’s good timing with the markets but I hope it will allow me to start filling my wife’s TFSA account.

Dividend Income - August 2015

Most recently, I have come around to add Saputo TSE:SAP  to my holdings. It is ranked 26 on the Canadian Dividend Performance List at the beginning of September with a 71% opportunity score. Saputo is a great fit for my portfolio and is one of the core holdings I have been writing about.

  • Consistent dividend payer
  • Part of the 10-10 dividend grower list
  • Low payout ratio with consistency under 40% over 10 years
  • International exposure to avoid being tied to just Canadian markets

It is the first stock addition to my list in a long time. When I first started building my portfolio, I was focused on Canadian stocks and with the great value of the Canadian dollars over 2 years ago, I opted to build many US stocks in my portfolio with international conglomerates. I got near 30 stocks and decided against building what would look like an index if I continued to add new stocks and instead added to my current holdings.

DISCLOSURE: Please note that I may have a position in one or many of the holdings listed. For a complete list of my holdings, please see my Dividend Portfolio.

DISCLAIMER: Please note that this blog post represents my opinion and not an advice/recommendation. I am not a financial adviser, I am not qualified to give financial advice. Before you buy any stocks/funds consult with a qualified financial planner. Make your investment decisions at your own risk – see my full disclaimer for more details.
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