It is already the end of May and it seems like we skipped spring and are now already in full blown summer. Perfect.
May wound up being a pretty slow month for dividends in my portfolio. That said, I received the first dividend from one of my recent purchases, Nestle. I’ve been slow to post my stock purchase posts (three pending). I’ll get around to it at some point. I’ve been watching this consumer staples giant for some time and finally made the move a couple months ago to initiate a position.
Despite some rather unprecedented tariff announcements right at the end of the month, all three of the major indices I follow ended up positive: S&P 2.6%, NASDAQ 4.8%, and TSX 2.8%. Here is the one month finviz map for S&P500, it corresponds to the positive results above with some areas on sale, such as financials and utilities.
Just for fun, let’s look at the one day map following the tariff announcements. This is a one day view, so keep that in mind, but pretty consistently pessimistic views across most sectors.
My dividend income in May reached a total of $14.52, up 170.9% as compared to May 2017. With additional investments, this total will grow even further over time. These dividends are used towards the next purchase of equity holdings in the portfolio and are already starting to compound nicely.
May 2018 Dividends Received (Updated)
Total: $14.52 (last two dividends weren’t reflected in original post)
Most of 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 stock holdings.
The featured image for this post is a shot of the Ottawa Fury vs. Toronto FC II game at Lansdowne in Ottawa.
Make any stock purchases this month? Planning on loading up on new holdings in early June?