Well it's been a very exciting month as a dividend investor with so many new dividend increases that I never had time to write about my dividend income for November. After tallying up exactly how much was deposited into my trading account, I remembered that this month is one of my lowest paying months.
My dividend income for the month of November was $95.16 in 2010. It has increased $7.92 a year later and is now $103.08 thanks to dividend increases. That's a growth of 8.32% which is an excellent step ahead of inflation, allowing my money to keep its buying power in the future. This is an excellent example of how an initial investment can keep growing with dividend increases alone.
This month I took some of my dividend money, along with new investment contributions and purchased an entirely new stock for my portfolio as well as increased the amount of my shares in another company I own. These investments will increase my November monthly income to $227 which will really help balance my monthly income, but I'm not too worried about living month to month when I retire. Have a good weekend everyone and here's to many, many more dividend increases!
2 comments:
You put these stocks in your TFSA's right?
No StueyG, I used my company's RSP contributions to purchase the new stock.
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