Nearly all the popular Canadian dividend stocks are discounted these days.
As a last note, remember that yield on cost is meaningless.
Stock Trades
In our spousal RRSP, I sold all Telus in USD and purchased Broadcom.
That’s a new investment in my portfolio. The reality is that everything needs a computer chip or data processing. While I have Texas Instrument, I see AVGO as a stronger investment.
Am I too late with Broadcom? I don’t believe so. It’s early days before the robots take over :)
In my RRSP, I purchased Google from the leftover cash of disposing BlackRock.
In the taxable account where I hold a few Canadian bank stocks, I added to Telus from the dividend earned over the last quarter. Why Telus since I just sold? It’s beaten down even further and that account is currently set up to pay dividends while providing some growth. It’s an account between income and growth, where the banks fit nicely.
Portfolio Management
Diversification is not really a concern these days for me. Even cyclical stocks aren’t something I focus on either. In fact
Dividend Income
My August 2023 dividend income is $5,528. A big month like this is where the power of dividends shows by buying more shares.
Here is what my dividend income has been and how I forecast future dividend income. 19.95% is the average dividend growth since 2010.
The dividend growth includes both new money, DRIP shares, and the dividend growth by the companies.
If you want high income, check out the corp account. This retirement account has a yield of 2.17%.
| 2010 | $3,785.87 | ||
| 2011 | $4,742.99 | $957.12 | 25.28% |
| 2012 | $5,650.70 | $907.71 | 19.14% |
| 2013 | $6,270.04 | $619.33 | 10.96% |
| 2014 | $8,108.62 | $1,838.59 | 29.32% |
| 2015 | $10,415.40 | $2,306.78 | 28.45% |
| 2016 | $12,460.67 | $2,045.27 | 19.64% |
| 2017 | $15,475.60 | $3,014.93 | 24.20% |
| 2018 | $18,757.22 | $3,281.62 | 21.21% |
| 2019 | $23,305.32 | $4,548.10 | 24.25% |
| 2020 | $28,285.82 | $4,980.50 | 21.37% |
| 2021 | $26,034.41 | -$2,251.41 | -7.96% |
| 2022 | $32,763.15 | $6,728.74 | 25.85% |
| 2023 | $39,596.62 | $6,833.47 | 17.72% |
| 2024 | $46,264.70 | $8,862.00 | 19.95% |
| 2025 | $55,496.72 | $10,845.38 | 19.95% |
| 2026 | $66,570.97 | $13,272.65 | 19.95% |
| 2027 | $79,855.05 | $16,243.16 | 19.95% |
| 2028 | $95,789.95 | $19,878.50 | 19.95% |