Sunday, 3 June 2012

Dividend Progress Report: April 2012 Edition

I'm slowly getting to my goal of $2500 in dividends. In the month of April, I took positions in BCE Inc. and George Weston Ltd. so I have even more money flowing to me in the future. I also put some funds into a corporate bond ETF for short-term safe keeping until I need it (most likely to buy cheap stock).

Total yield of portfolio - 4.54% (- 0.09%)
Actual dividends received - $449.05 (+ $121.36) *
Expected dividends return if the current positions are held for 1 year - $1513.89 (+$245.58)

The lower yield on George Weston and the ETF brought the average down ever so slightly, even with BCE giving my 5.49%. Right now I'm getting around $100 a month in dividends which is nice but I'm looking for a lot more in the long run. I still have a little bit of money sitting on the sidelines so hopefully I can get it to work for me soon. The $2500 mark is still pretty far away. I know it will take time to get the compounding started but that snowball will really start rolling down the hill eventually. I just need to be patient and keep working at it.

-the Paperboy

*edited from the previous post because I missed the last dividend distribution that CIBC gave me before I transferred my position into my TFSA account.

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