Dividend Digger

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May 2016 Dividends

Greeting friends! Hope you are all doing great and maximizing those most fun out of summer. Here in Canada, especially in Alberta our summers are relatively short lived much like our spring and fall so you know I’m going to be doing everything I can to make the most of these 3 short months. This past weekend I made a trip out to some waterfalls in the Northwest Territories with my lovely girlfriend to celebrate our one year anniversary together. It was a great time and as well my first camping trip of 2016. I know when I reach financial independence camping will be something that will be done much more frequently and hopefully all over the world one day. Cool thing about camping is if you pack light but smart, you won’t break the bank, learn some survival skills, and you will make some amazing memories. But I am not quite at the level of FI yet so for now I’ll just have to keep dreaming about traveling and leaving the rat race for good.

May has been another successful month of dividends. I haven’t been able to put too much money into Mr. Market, nor have I really been paying too much mind too it either. And this is for 2 reasons. The first being that I trust the companies I own and I legitimately believe they will continue to be the profitable organizations they are and keep my accounts with a reliable passive cash flow, and second I have been spending most of my other time pursuing other passions I have in my life, which is skateboarding, cycling, and playing my guitar. I think it is important that well all have hobbies of some sort. You know, like something to get lost into, especially if there is something on your mind that’s stressing you out, or if you want to challenge yourself into doing something you never thought you could do. It’s much like the idea of compound interest relationship with time. If you are serious about it and you apply enough time and effort you will get results no matter what, it’s all about how long you are willing to wait, as well as practice.  With my strategy for dividend growth investing, I have chosen to utilize a DRIP plan since day one. Its times like these when I don’t have much capital too put into the market is having my dividends automatically reinvested a really savior.

Here are my Dividends for May 2016

may 2016

may 2016

annual dividends(2016)

Dividends May 2016

$569.40

 

Dividends May 2015

$480.84

 

YOY increase of 18.4%

4 Comments

  1. Great numbers! As you do, I fully utilize DRIP plans to build positions. I will continue using them until I build a full position and maybe then transition into selectively reinvest them. Thanks for sharing and I look forward to seeing your numbers for this month.

    • Ace

      July 11, 2016 at 4:56 pm

      Special Agent,
      I too have thought about selectively reinvesting my dividends as well but i think deep down I’ll continue with DRIPing just because of how simply and easy it is to do.

      Thanks for stopping by!

      Ace

  2. Hey Ace! I want to ask your opinion on something. I know you like Canadian Banks :) Look at this:
    How to Get a 5.2% Monthly Dividend Yield From the Canadian Banks
    It kinda blew my mind, but there must be a catch :) One of the catches is the MER, I realize that. But it still looks pretty nice.
    What do you think?

    • Ace

      July 11, 2016 at 5:00 pm

      Hey Oxana,
      I do enjoy my Canadian Banks ;)
      as far as investing with ETF, I usually shy away, not because they are as bad investment or anything, but I like having a bit more control over the companies i manage in my portfolio. For this reason I usually stick to buying just individual companies. That is all personal preference of course. Hopefully i answered your question, have a good day!

      Ace

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