Dividend Income: February 2019

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Dividend Earner

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2 min read Affiliate Disclosure

Dividend increases from my holdings have been coming in over the past 2 months like clockwork. So much so that I can already tell I should be able to reach my forecasted dividend income for 2019 at $22,360. The forecasting is based on the annual average growth since 2010. Part of the growth includes new contributions but the other part is based on the dividend growth itself.

wdt_ID Year CAD Dividends USD Dvidends Gross Annual Dividend Gross Monthly Income
1 2010 3,785 0 3,785 315
2 2011 4,674 68 4,742 395
3 2012 5,579 177 5,756 480
4 2013 5,948 347 6,295 525
5 2014 7,740 477 8,218 685
6 2015 9,777 792 10,569 881
7 2016 11,589 1,081 12,670 1,056
8 2017 13,694 2,015 15,710 1,309
9 2018 16,089 2,923 19,013 1,584
10 2019 16,924 7,711 24,635 2,053
11 2020 19,446 9,613 29,059 2,422
12 2021 18,151 7,883 26,034 2,170
13 *2022 14,734 6,158 31,860 2,655
14 *2023 38,991 3,249
15 *2024 47,718 3,977

Stock Trades

I made the decision to completely unload Saputo and focus on Alimentation Couche-Tard. With Metro, I felt I had enough exposure to the grocery market. The reason for the trade was mostly based on not being satisfied with the performance of SAP in my account and believing ATD.B should perform better. The dividend income is reduced but that’s not the focus at this point for the portfolio.

I have also unloaded my only real estate stock. Goodbye Brookfield Property Partners and hello Vanguard S&P 500 ETF. I also added to BlackRock and MasterCard. I have been going through my holdings and reviewing the reasons I hold them. I did not have a reason good enough to retain BPY.UN. I used the ever faithful DLR to DLR.U Norbert Gambit strategy to exchange my Canadian dollars for the US purchases.

Feel free to check out my trades for January if you missed them. I have a total of 29 different holdings – 13 Canadian Blue Chip stocks, 15 US Conglomerates and 1 index ETF.

Sector Diversification – February 2019

The sector allocation is pretty out of control. Not to be missed opportunities have shifted the ratios and I do not have any plans to correct it in the short term. I am now sharing my industry exposure to properly show my diversification as many would probably feel I have too much in the financial sector.

Portfolio Diversification - February 2019
Industry Allocation - February 2019

Dividend Income

My February 2019 dividend income is $1,766. More dividend increases have come through for the next quarter. I should see the increases next quarter. It took me a while to switch my portfolio to dividend growth but as I hope you can see, the annual dividend growth from my holdings is really super charging my dividend income.

Dividend growth will leave inflations behind and provide my financial freedom to spend more.  

Dividend Income - February 2019

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.