Dividend Income – July 2015

Dividend Income - July 2015July is usually very slow in the investing world with everyone enjoying the summer. I managed to complete my TFSA contribution this month and reach the new $10,000 limit. Overall, my portfolio saw $4,500 added to it this month.

Dividend Income

The tally for July 2015 is $801.66. It’s the lowest dividend income month for the quarter but in general, my dividend income is increasing as I am adding money regularly.

With the $4,500 contribution to my TFSA, I have added Cominar REIT (CUF.UN). I was behind in the real estate sector and this addition has helped me reduce the gap. My real estate sector target is 5% of my dividend portfolio (excluding RESP) and with BPY and CUF.UN, I am nearly there. REITs are a perfect fit for the TFSA account as it is tax-free and I don’t have to do the complicated tax tracking necessary for REITs.

Dividend Income - July 2015As I mentioned earlier in the year, I have now adjusted my mortgage payments and I can invest more per month. The simple rationale is that I make more investing than paying the mortgage. When interest rates go back up, I can switch the money flow where it’s most effective. In the meantime, I will have more money to invest monthly, and I will use the Dividend Performance List to select my future investments.

I have added a new Dividend Portfolio page where I show all my holdings along with the sector and a percentage weight of that holding in my total portfolio. As of this post, Johnson & Johnson is my largest holding. Enbridge and Canadian National Railway are not far behind along with Telus.

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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