Here is my June 2014 dividend income. June has been another strong month and we are well on our way toward meeting our annual goals of increasing our net worth to $700,000, being mortgage-free in early 2015, and hitting the $2,500 in dividends mark.
I managed to earn additional income this month by selling some items on Kijiji and working a few extra overtime shifts. Again, rather than spending the extra money on “stuff”, I decided to do the smart thing by paying down our mortgage debt first. The lump sum payments, in addition to our regular, weekly-accelerated, mortgage payments knocked the principal down by almost $4,000. I thought our progress was pretty good considering that we had an unexpected vehicle repair expense that set us back a little.
The stock markets are still on a tear with the TSX hitting another all-time high on June 30th when it closed at 15,146. Not surprisingly, with the recent run-up in the markets, my investment portfolio also had strong results this month – with much of the gains coming from organic growth. This is why it doesn’t pay to time the market. Had I not stayed invested I would have missed out on the spectacular returns the markets have posted over the past few months.
I continued with my plan to make automatic monthly and quarterly share purchases in my dividend reinvestment accounts (DRIPs). I bought more shares in Fortis, Suncor, Bank of Nova Scotia and Bank of Montreal. In these accounts there is no point in trying to time the market – I contribute small amounts on a regular basis, regardless of what is happening in the market and I let compounding and dollar-cost averaging do their work. I also continued with my TD e-Series Funds automatic investment plan.
None of my companies raised their dividend payout this month and I did not initiate any new positions – I just made the same, regular investments into the same collection of stocks, ETFs and index funds.
June has been a decent month with regard to dividend income. Here are the numbers:
ENB – $3.52
FTS – $14.56
REI – $3.81
MFC – $22.22
SU – $52.11
SLF – $13.35
CPD – $44.06
XRE – $29.25
VSC – $17.40
VSB – $13.98
TDB911 – $240.08
TOTAL = $454.34
My Dividend Pipeline
Saturday 5th of July 2014
Nice month. Great job with the dividends and more importantly paying down the mortgage. Stay focused on paying down the mortgage and making regular investments. You will be out of the rat race very soon!
MDP
GenXinvestor
Sunday 6th of July 2014
Thanks for stopping by MDP. That's my plan for achieving financial freedom - pay off mortgage debt and invest regularly. A simple but effective way to accumulate wealth and escape the rat race!