Hey everyone, hope you guys and girls had a great Easter Holiday. I know I did, my girlfriend Kaitlin introduced me to Easter egg painting and it was so much fun. Who knew spending less than 10 dollars at the variety store would result in so much fun, and tasty goodness. March was yet again another successful month of passive income, but really though, as a dividend investor isn’t every month successful when you know you have that steady stream of free capital coming your way?
Since the beginning of the year my portfolio brought me in an additional $1951.47. Compound interest really is one of the greatest wonders of this world. My favorite thing about compound interest is overtime your results do not grow linear, rather they grow exponentially. It truly is a rush like none other when you feel the acceleration of growth year over year.
Year to date dividends:
YOY increase of:
Canadian National Railway (CNR.TO)
Overview: Canadian National Railway Company (CN) is engaged in the rail and related transportation business. CN’s network and connections to all Class I railroads provide its customers with access to all three North American Free Trade Agreement (NAFTA) nations. CN derives its freight revenue from seven commodity groups representing a portfolio of goods transported between a range of origins and destinations. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans and Mobile (Alabama), and the metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth (Minnesota)/Superior (Wisconsin), Green Bay (Wisconsin), Minneapolis/St. Paul, Memphis, and Jackson (Mississippi), with connections to all points in North America.
My reasoning to buy this company was simple, it’s one of the biggest rail company with some of the largest railway networks in the world. The company may have a bit of lower dividend yield which is 1.88% but with the conservative payout ratio of a low 28% we know that this company will have no problem paying dividends for years and years to come. As well, CNR has a 5 year dividend growth rate of a massive 18%. Yep this company sure knows how to make money. For me, buying this company was a no brainer. Anyways, recently I purchased 220 shares of CNR.TO at $79.65 bringing me to a total cost of $17,529.95. With this purchase another $330, bringing my projected annual dividend income to $8348.38.