The banks just recently increased my future dividend income with their recent dividend increase. I hope you are benefiting from their dividend increases too.
I used to own all the banks but I have since streamlined my holdings in an attempt to get closer to DRIP shares every quarter when the dividends are paid. I am now focusing on Royal Bank TSE:RY, Toronto Dominion TSE:TD and National Bank TSE:NA.
My May 2015 dividend income registered at $891.38. It’s worth noting that I am not calculating any currency exchange on my US dividends as I don’t receive it in CDN dollars. Maybe someday I will calculate the equivalent but it doesn’t really matter as the buying power is for my US investments.
I am just about to look at purchasing a pharmaceutical – any suggestions? To do that, I need to sell a stock and I am still evaluating my diversification and my options. I am well under my target in the healthcare sector and over in energy and consumer defensive.
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.