Dividend Income Update January 2017

What an interesting month! Investors have been watching markets closely as there is a great deal of uncertainty with the new U.S. Administration. While there was a lot of discussion on potential impact of new policies, the Dow Jones crossed the 20,000 mark for the first time ever!!!

dow

My reaction went something like this:

whatever

Seriously though, for those investors with a long time horizon, none of these factors should distract you from your long-term objective of growing your wealth.

 

As you can see below, it looks like technology and consumer goods are faring well, energy and healthcare less so. It is nice to see that a few good quality dividend players are once again available at better prices. Apple is practically neon green though!

finvizmapjan2017

The markets that I track were up across the board in January:
S&P500 +2.6, NASDAQ +5.3%, TSX +1.2%.

January dividends received: 

BNS $5.92
TD $4.95
Total: $10.87

I must say it is always nice when the banks pay you! I’m very happy with my Canadian bank holdings and look forward to adding to them in 2017. When compared to January 2016, my dividend income grew by +136%, from $4.59 to $10.87. While that is impressive growth, let’s be real, it is still a long way from this kind of dough:

rich

The holdings in my Niche Fund pay quarterly dividends so some months will have more income reflected than others. As expected, December was a great month for my portfolio.

 

My Dividend Income page has a calendar showing when I expect to receive dividends from each of my holdings.

Thanks for stopping by! Did you add to your holdings this month? What is on your watch list these days?

8 thoughts on “Dividend Income Update January 2017

  1. Great start to ’17. I recently got into WFC for the same reason – its time for the banks to start paying us! Looking forward to watching your progress in ’17.

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  2. We have to all start from somewhere, Its all about trying to get that same return year of year. I remember my first month when $3.83 got deposited into my brokerage account. It was literally one of the happiest days where the thought finally came, I can make money without doing anything 🙂

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