Dividend Income Update May

May was a great month. Not only did it finally start to warm up, my stock holdings seemed to pick up. It is good to see the portfolio in the green. May started out a little rough for major indices, but ended on a positive note. I did not find any good entry opportunities for my watchlist stocks so no new purchases this month. The major indices I track ended the month with gains across the board (May 2-31, 2016): (S&P +1.36%, NASDAQ +3.31%, TSX +1.17%). Once again, I avoided making any new stock purchases this month as I plan on holding off on my next purchase until I see some undervalued watchlist picks.

Only one of my holdings paid dividends this month bringing my 2016 total to $42.88. May was obviously not a huge month for my holdings. My monthly dividend income figures will continue to fluctuate until I have more holdings as some months are more stacked than others.

May Dividends Received

RY $5.26

Total: $5.26

It is very encouraging to see the money I have invested in equities generating some passive income. As usual, my Canadian bank holdings keep cranking out solid dividends. RY recently raised its dividend from $0.79 to $0.81 a 2.5% increase. It was nice to get that fresh dividend this month. 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.

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 June.

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 (somewhat) regular dividend stock purchases. This year will be a bit different – I have a number of large purchases coming up in 2016 so the amounts for my purchases will be lower than what I plan on investing in future years.

Did you find any good buying opportunities in May? Are you planning on waiting for better valuations before adding to your holdings? Thanks for stopping by!

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