GYM Dividend Income Update June 2017

Dividend Income Update June 2017

I’m not sure what it is, but every quarter it seems to get worse.  My goal of $6000 annual dividend income seems further and further away.  Last update I was around $4700 annual income and this update I have dropped down to just shy of $4500 annual dividend income.  Unfortunately Husky (HSE.TO) still has not reinstated their dividend, and I am hoping they will do so by the end of the year but it doesn’t look likely.  I’m happy to buy more Canadian dividend income equities but I finally decreased the imbalance between my Canadian and International/ United States portfolio.  If I buy more Canadian dividend income yielding stocks then my asset allocation goes off.

Nonetheless, I might add a little bit more of SLF.TO (Sunlife).

Sunlife (SLF.TO) increased their dividend to $0.435 per share from $0.42 a share, which represents an increase of 3.6%.

Fortis (FTS.TO) decreased their dividend to $0.2953 from $0.40, which is very disappointing considering they were posting solid increases in dividends for a long time.

SNC Lavalin (SNC.TO) increased their dividend to $0.273 from $0.26, which is a nice increase of 5%.  Take that, inflation!

Finally, the only changes to my portfolio was that I increased my VXC.TO position and decreased my VAB.TO position.

Here’s my June 2017 Dividend Income Update:

Readers, how is your dividend income coming along?

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About genymoney

GYM is a 30 something millennial interested in achieving financial freedom through disciplined saving, investing, and living a minimalist lifestyle.

8 comments on “GYM Dividend Income Update June 2017

  1. Dividend cuts happen – it is part of the game unfortunately. You just hope you can learn from the cuts, change your stock screener, and see what changes you can make to improve the strength of your dividend income stream. Which companies are on your watch list here for your next investments??

    Bert

    • @Bert- Yay my first comment, thanks Bert! 🙂 I stick to just adding more ETF’s lately to balance out my asset allocation (my Canadian allocation went from being 60% to now 28% over the span of 2 years which is a huge improvement), but I did recently buy more REI.UN (it’s a REIT)

  2. Nice report, well done.

    Are the 22 positions of dividend income in securities spread across non-registered as well as registered account all totalling approx $230k as posted in the May post report on net assets, or is it only a percentage of that $230k is in stocks, bonds, funds etc.?

    Are you strictly a ‘buy & hold’ DGI investor or do you include any ‘stock options’ to increase passive income?

    Do you buy ‘dividend only’ securities, or rotate your holdings on a regular basis?

    Going forward in getting to the $6000/yr of dividend income are you looking at adding new positions or maybe reducing the number of holdings?

    Thanks for any response to this post

    • @John- It’s spread across non-reg and registered accounts, but I don’t include the dividends from my index funds in TD accounts which isn’t very much. I’m not strictly a buy and hold kind of investor but I definitely don’t invest in options. I rotate my holdings on a regular basis and have switched to mainly ETFs as of late, but I do add to the dividend only securities from time to time. I’m going to add new positions to get to the $6000/year- I used to be close to this value but invested a TON in preferred shares which ended up tanking for me and I realized that growth was more important than dividends and capital losses 🙂 Thanks for visiting!

  3. As already stated, dividend cuts/eliminations are part of this game. The longer you are a dividend growth investor the greater the chance you will have this experience. Even super “solid” dividend paying stocks can cut from time to time. I had a GE, WFC, and IR cut in the last seven years not to mention an HCP haircut as well. Just keep focused, don;t get discouraged and look for stocks that have very sustainable dividends by looking at cash flow and payout ratios. From the looks of your dividend payers it looks like you have been too focused on high yielding stocks instead of the lower, sustainable and growing dividend payers. Keep at it!

  4. @gym. I just completed the myers-briggs on-line quiz. Interesting result to see the INTJ

    http://www.humanmetrics.com/cgi-win/jtypes2.asp

    My actual result today at age 70. I’m figuring may have been different (or would it) 20 years ago

    INTJ
    Introvert(6%) iNtuitive(16%) Thinking(53%) Judging(19%)

    I’m wondering if this is really my ‘investor’ trait – well of course it is.

    What about you?

    http://www.huffingtonpost.ca/krysten-merriman/myers-briggs-type_b_9877786.html

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