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?