Dividend Income Update May 2019

Dear fellow investors,

May was an amazing month. The Toronto Raptors secured a win in their first ever appearance in the NBA finals. Spicy P played a big role in that victory nailing 11 straight shots!

Raps.gif

Thank you for your patience with these delayed monthly posts. After the next post I’ll be caught up, stay tuned!

May was a pretty standard month for the Niche Fund with an income of $20.85. The fund has really started to accelerate its growth. While $20 doesn’t sound like much, it would have been the second highest income amount in 2016, the first full year of the fund. Now, it is just a regular month.

The largest dividend came from consumer staples powerhouse, Nestle. This is an annual dividend, so it is larger than most of my holdings that pay quarterly. While the income was pretty standard, something that was impressive, was the massive yoy growth of 44%! That definitely sets a new bar to beat for 2019.

May 2019 Dividends
ZFM: $0.39
PG: $5.22
RY: $6.12
NSRGY: $7.78
MAW104: $0.76 (re-invested in MAW104)
CGX: $0.58
Total: $20.85

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.

If you’re new to investing but don’t know where to start, I recommend checking out 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 stocks and ETFs.

The featured image for this post is a shot of the Rideau Falls in Ottawa.

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

Dividend Niche

 

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