This has been a record month in terms of dividend income for the Niche Fund. While the amount is tiny, it is still encouraging to see the money I have invested in equities generating some passive income. With my purchase of TD last week, I will no longer have any months without at least one dividend payment. It is all starting to come together. I look forward to seeing dividend updates including several stocks in one month. I won’t have to wait long, December is shaping up to be a nice month with dividends expected from several of my holdings! The holdings in my Niche Fund pay quarterly dividends so some months will have more income reflected than others.
November Dividends Received
RY – $4.74
Total for November 2015: $4.74
This tiny amount will contribute towards my goal of receiving $20 of passive dividend income by Dec 31, 2015. My DGI journey began in July 2015, so this is truly the very early days. I aim to save a portion of my income and devote it towards a monthly stock purchase.
It is truly addicting to find the best possible companies each month and determine whether they meet my investment criteria. Of course the start of any long journey is slow going. I appreciate you taking time to stop by and look forward to chatting more with fellow DGI investors on their strategies and objectives.
If you’re new to my site, my plan is to buy and hold high-quality dividend paying stocks in order to enjoy the flexibility offered by the passive income stream generated by regular dividend payments to shareholders. In the long run, these dividends will start to grow on their own through dividend hikes. I look forward to posting the next dividend income update at the end of December.