It’s official, we have no more cash to re-invest into dividend stocks from the original sale of our mutual funds. The plan is to keep on buying dividend stocks through DRIP’s and a few more when the market has a bad day and we have cash available. As of September, all newly purchased shares should start to provide dividends. So we are hoping for a record month….. will see (have not done the calculations just yet).
This is also the first month that we can report the YOY increase in dividends received, which is a whopping 690%. Unfortunately, this is not a reflection of our ability to invest, rather the result of a large cash pile being invested into dividend paying stocks over the period of about 12 months. Oh, and another record, we now officially own more than 10,000 shares in companies (fun record if you are a numbers geek, but does not mean a thing, really).
Here is an overview of our dividend stocks (we currently have 43 different stocks):
If you group the above dividend stocks by sector, the distribution of our portfolio is as follows (based on market value at close of markets on August 31, 2016):
Purchases for August include RDSA, BPY.UN and DRG.UN (the latter two are REIT’s).
How was your Month of August?