Last month, February 2020, I received over $410 dividends from 18 different companies.
I usually get excited when I calculate my monthly dividend income, but not this time.
My portfolio value has been melting like snow because of the ongoing health issues around the world.
If you are an investor, like me, you know what I mean. Your portfolio value probably down, too, unless you made a timely decision to exit the market.
Direct or indirect way, we all have been going through a difficult situation. Thus, you or I am not alone.
Nobody ever experienced these types of extreme scenarios before, and nobody exactly knows how bad this will go or how long it will last.
During the great recession, many analysts refer to this s a terrible economic situation, businesses had a decline in revenue and growth, but now many companies have zero revenues. It is tough to justify this.
Besides, many people and businesses don’t have any idea about what is next in their life.
Therefore, if you are going through this challenging time, then you are not alone. We all have been experiencing this issue direct or indirect way.
Anyways, the current pandemic may change the way we think, invest, work, travel, live, etc. As I always say, I am a learner, and I have been getting new experiences and learning new things about how to improve my life physically, mentally and financially.
Nevertheless, there is an end for everything, and eventually, things will return to normal.
Thus, stay healthy, stay strong and follow the guidance given by your local health officials.
Portfolio changes
As you know, I invest using borrowed money. I had a considerable margin loan at the beginning of the month. To avoid getting margin calls, I made a difficult decision and trimmed a couple of positions in my non-registered accounts (margin account).
I usually a buyer in difficult times, and I rarely sell my stocks (unless if they receive any take-over offer). But, this time was indeed a difficult situation for me. I made the difficult decisions to trim my favourite holdings. I will try to get them back as soon as I have enough money to buy them.
Also, I sold a couple of positions in my registered accounts and purchased some ETFs to minimize the portfolio risks.
I will discuss more these changes in my upcoming portfolio update post.
Let's get back to the numbers.
Dividend income from Canadian stocks
- XRE - $9.45
- NVU.UN - $9.51
- PLZ.UN - $6.16
- FC - $9.36
- CAR.UN - $3.45
- NWH.UN - $3.33
- REI.UN - $16.80
- CHP.UN - $12.33
- EMA - $61.26
- IPL - $7.12
- ALA - $12.00
- KEY - $32.00
- RY - $105.00
- BMO - $74.20
Total dividend I received from Canadian stock holdings: $361.97
Dividend income from U.S stocks
- KMI - $12.5
- CVS - $7.5
- ZUD - $2.59
Total dividend I received from U.S stock holdings: $22.59
Dividend income from my International dividend portfolio
- ZDH - $26.79 Total dividend I received from my International investment holdings: $26.79
Total: $411.35
Please note that I do not convert dividends received from U.S stocks to Canadian dollar, and I use a 1 to 1 currency rate approach to keep the math simple and avoid fluctuations in my dividend income reports due to changes in the exchange rate.
Estimated passive income
For those new to this site, the Estimated passive income is the income I estimated to receive in a year based on my current investments holding and their distribution rate.
My Estimated passive income is currently at $12493.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 49.97% of my goal.
Thank you so much for your great support, encouragement, and being in my financial journey.
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