Wow this must be the most behind I’ve been for my favourite post each month! It has been a long time coming but here we go, time to share how August shaped up. It was another slow month in terms of income from my holdings. This is not such a big deal as the holdings will be built up over time and then there will be less of a disparity month to month.
August had some minor swings, but ended rather flat for the major indices I follow. The period from Aug 1-31, 2016 wound up like this: S&P -0.12%, NASDAQ +0.99%, TSX +0.10%. I stayed on the sidelines once again and watched as my holdings continued to hold up well. I had several large expenses this month and I did make a move on one of my savings goals.
Only one holding paid me dividends this month, Royal Bank. My August dividend income worked out to $4.86. This brings the 2016 total to $76.06. It is great to see the income slowly adding up. Things will pick up again soon with new equity purchases. September looks to be a pretty active month so far in terms of dividend payments.
August Dividends Received
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.
How did your August turn out in terms of dividend income? Do you find it is a slower month than September? It would be great to hear of any new purchases you made during the month. Thanks for stopping by and stay tuned for the next update soon.