Dividend Income – August 2018

Last month, I had my portfolio within reach of the million dollar club when reporting my dividend income and this month I can officially say our portfolio has reached and maintained a 1 million dollar value. I initially reached 1 million on August 17 but over the last week, it has held on. It’s worth noting that 77% of the value is my dividend portfolio and that 23% is my company defined contribution plan.

Before you do any quick math with my dividend income and the portfolio value, please note that the stocks I hold are selected to generate growth in total return and not income. When the time comes to rely on the income, I will slowly transition my portfolio to an income portfolio.

Stock Trades

I invested small amounts twice to increase my position in Alimentation Couche-Tard TSE:ATD.B during the month. It’s a low dividend yield stock but with a great total return potential. It’s a new position I am slowly building.

Stock Performance

Instead of talking about my winners, I will talk about my losers this month. Yes, every portfolio has some losers… Losers are not permanent and often times, if you have solid companies, the longer you have a holding the more of a winner it will be. When I initiate a position, there is always a chance for the stock to go up or down right after I pull the trigger. That’s just normal.

Thanks to the NAFTA negotiations, Saputo TSE:SAP is trading in fear and awaiting to see what the competition in Canada will look like for dairy. At this point, I am watching and not adding.

SAP - 1 Year Graph

My worst performer with my US holding is Illinois Tool Works NYSE:ITW and the primary reason is that I bought my first position during the 52-week high. I do intend to add to my position as funds become available in the account.

ITW - 1 Year Graph

Sector Diversification – August 2018

As you can see, the financial services is a bit behind and I am looking into some US asset management stocks to diversify away from banks and credit cards. I am early in my research but otherwise there are no warning bells.

Portfolio Diversification - August 2018

Dividend Triangle – Stock Selection Made Easy

Dividend Income

My August 2018 dividend income is $1,462.73. You should be able to see a growth from quarter to quarter below speaking to the dividend re-invested (DRIP) as well as dividend increases. Compare August 2018 with May 2018, February 2018 and November 2018, you should see it go from just over $1,200 to $1,462 today.

Dividend Income - August 2018

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.