Dividend Income Update July 2019

Dear fellow investors,

This summer was great, a little too great. Thinking all the way back to July makes me miss those hot summer days swimming at the beach. It was amazing to have the opportunity to spend some more time with family, on a short, but jam-packed holiday.

We chose a vacation destination with two criteria: 1) avoid lengthy air travel with toddlers, 2) a beach. What should have been a straightforward two flight trip, turned into a 20+ hour nightmare due to our first plane’s mechanical fault causing our trip to get re-routed. We had to start all over after we had already made it through customs and were sitting on the first plane. When the agent was re-booking us, she had no idea where Charleston was, let alone the closest hub to that destination… If you want some tips on keeping two kids under 5 entertained in three different airports during a travel day from hell, let me know 🙂 As you can see from the cover photo, it was entirely worth the hassle.

holiday

As amazing as the month of July was for recharging the batteries, it was quite lacklustre in terms of dividend income and growth. The July total amounted to $24.91, with yoy growth of 9%. This makes it the slowest yoy growth month so far this year. That said, the monthly total amount is still better than all but the best month (December) in 2016 and 2017.

The largest dividend came from BNS. It is nice to get money back from a solid Canadian bank!

July 2019 Dividends
KO: $4.74
ZFM: $0.41
DIS: $4.40
BNS: $6.96
TD: $6.66
CGX: $0.60
MAW104: $1.14

Total: $24.91

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 Folly Beach, South Carolina. Well worth the trip, even if you spend longer than it takes to fly from Toronto to Tokyo to get there.

Yours, until the newest additions to the Niche Fund pay out their first ever dividends,

Dividend Niche

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s