Dividend Income Update January

January sure offered investors a rough start to the year. It also presented many members of the DGI community with opportunities to pick up some quality stocks at attractive valuations. It is times like these which cause many investors to panic, and others to go shopping. I initiated a position in JNJ after having healthcare stocks on my radar for awhile. With each month I hope to have more dividends coming in and look forward to hitting my goals this year.

After a record month for dividend income in December, January proved to be rather subdued. I received dividends from one holding: TD. This was quite a contrast with December’s dividends. What can I say,

I have recently spent some time reviewing objectives for the year, stay tuned for a separate post on goals for 2016. This year will be a bit different for my investment strategy so I hope I can keep the great momentum going from 2015. Each monthly purchase in 2016 will be rather small, as I’ll be saving a lot towards some major purchases this year.

It is very encouraging to see the money I have invested in equities generating some passive income. The holdings in my Niche Fund pay quarterly dividends so some months will have more income reflected than others. My Dividend Income page has a calendar showing when I expect to receive dividends from each of my holdings.

January Dividends Received

TD – $4.59

Total: $4.59

My DGI journey began in July 2015 and is off to a modest start. I aim to save a portion of my income and devote it towards a monthly stock purchase. I have a number of large purchases coming up in 2016 so the monthly amount for my purchases is lower than what I plan on spending in future years.

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 February.

How did your January shape up? Do you find that December tends to be a popular month for companies to pay dividends? I look forward to hearing any thoughts you have on my holdings.

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20 thoughts on “Dividend Income Update January

  1. The journey of a thousand miles begins with the first step. Small blocks stacked on top of each other are necessary to build a building. With each purchase, you’ll be adding to your building. At least that’s what I’m telling myself.

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    1. Hi Chris, it is true that long journey’s begin with a single step. My journey started last year so if we go with the building analogy, I’m still working on the foundation. That said, once I have a nice number of quality dividend paying stocks it will get easier and easier to add more bricks. Thanks for visiting. Cheers, DN

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  2. You may not think it by reading many of the other DGI blogger dividend updates, but January is usually a slow month for dividend income. It’s definitely not like the end of quarter months. The amounts don’t matter. The fact that you started on this journey does. Keep buying those quality names and before you know it you’ll be reporting $459.00 in monthly income. One step at a time. Thanks for sharing.

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    1. I’m very happy I did start DGI investing last year. This year should be a great opportunity to add more quality names and build up some existing holdings. Can’t wait to see some numbers in that range!

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  3. We all have to start somewhere. The good thing is that TD might announce two increases to their dividend again this year which will boost that total higher. In a few years time you’ll be looking back on your humble beginnings and be amazed at how much your dividends have grown.

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  4. The 1st month of the quarter is always the hardest to build. NOt too many companies pay in January! Your journey is off to an amazing start here. You have one of the largest, best banks in Canada paying you money to own them…what’s not to like about this picture. I can’t wait to see what your growth rate is going to be in July when you hit the one year mark of dividend investing. Keep up the great work and keep on adding these great companies to your dividend portfolio.

    Cheers!

    Bert

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    1. Hi Bert, it seems like January is also a quiet month for many other investors. I guess it is just a big contrast from start of quarter to end of quarter. I couldn’t agree with you more, it is very nice to be receiving money from a great Canadian bank holding this month! There will be many opportunities to add some more quality holdings in 2016 and it will definitely be fun to take stock of my journey at the 1 year mark in July. I very much appreciate the great posts from you and Lanny. Keep up the great work! Cheers, DN

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  5. Greetings DN!

    Congrats on your dividends this month! Keep on pursuing and pressing!

    We are in the same boat, as I have just started my journey. My dividend payments for January totalled a whopping $7.52!

    I know you will grow that January total as time progresses…as will I! Good luck and I will be checking back in with you!

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    1. Hi TOL, thanks for visiting and for your support. It will certainly be interesting to see how the rest of 2016 shapes up. I’m hoping to get some more double digit months going. Glad to find your blog and a fellow investor at the early stages of creating a portfolio, I’ll check in as well. Cheers

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  6. JNJ is great, I have them in my portfolio as well and think they have so much to offer. I usually average down in them anytime they go sub $100. Great start and enjoy those January dividends!

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    1. Hi walletsquirrel, I had been watching JNJ for some time and made the decision to pick some up at close to $97. It has bounced back quite a bit since then. I look forward to picking more soon!

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