Dividend Income Update February 2019

Dear fellow investors,

If you’ve been following my journey for awhile, thank you for your continued interest and patience. I’m sure several of my readers have been wondering what is taking me so long to post my monthly updates. I’m still here, it is just taking me way too long to get caught up on posts. Hopefully this will change over the next few days. In the meantime, the dividend income page has just been updated for each month until June.

sorry

February 2019 was a slow month for the portfolio. This is not unexpected, it is my slowest month each year, and the only month yet to hit double digit income. Many of my stocks pay out quarterly, but very few of them pay in February. As noted in my January post, I have been focusing on building up some of my ETF holdings.

If you’re new to investing and are looking for somewhere to get started, I highly recommend Wealthsimple this robo-advisor makes it extremely easy to get started with investing in ETFs. You’ll get solid diversification, automated purchases, no commission on trading and very low fees. In fact, I didn’t pay anything for my entire first year. The fees I pay now are far lower than any of the mutual funds I’ve ever owned, not to mention the large commission fees charged by banks for trading ETFs. I would highly recommend reading Half Banked’s review of Wealthsimple: Desirae offers a detailed review including what it is, who it is for, as well as pros and cons.

Dividends received in February amounted to $7.81, a 26% yoy gain. A slightly healthier contribution from the ETFs boosted the amount, and companies increasing their dividends did the rest. As an investor, you have to like getting these increases so regularly. The 26% boost is not too shabby for my slowest month of the year. I’m regularly adding to the portfolio, so this snowball is continuing to get bigger.

February 2019 Dividends
ZFM: $0.32
RY: $5.88
MAW104: $0.57 (re-invested in MAW104)
CGX: $0.58
XSH: $0.46 
Total: $7.81

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 Freedom to Move sculpture by Steve Smith. I took this shot while awaiting a flight in the beautiful YVR airport in Vancouver, Canada.

Yours, until the energy and industrial sectors pay me to hold some of their best stocks,

Dividend Niche

 

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