It's a good thing that I had a good idea to updated my investment portfolio yesterday, because today, I wouldn't have hit the same good results. I am definitely no longer sitting on a $341,862.36 net worth. While dealing with those 21,094.01 points, my non-registered portfolio closed today session at $138,394.99, my US portfolio $4,855.01 US, my RRSP portfolio - stocks only - at $65,942.45, and my TFSA portfolio at $126,097.42.
Today wasn't really a good day for my numbers, but BCE Inc. (BCE) came with some good news that save the day. BCE Inc. (BCE) announced a dividend increase of 5.1 percent. From now on, BCE Inc. (BCE) will be paying a dividend distribution of $3.68 per share. With this increase, the dividend earns coming from my non-registered and TFSA portfolio had now reached an annual $8,796.14, which is the equivalent of a monthly $733.01. This is quite needed at this time because I just received a few days ago a notification of rent increase. Nothing too drastic, my rent had jumped from a monthly $700 to $710. Recently, I hear some horror stories about rent being increased sky rocking. If it would have to happen to me I would just leave Montreal and work from home in New Brunswick. However, I have to admit that I would be bored, staying in New Brunswick all year long.
I still have some cash left available inside my TFSA portfolio that is just waiting to invest. Following BCE Inc. (BCE) dividend increase, it would make a lot of sense to place a small investment in BCE. I already own BCE Inc. (BCE) inside my TFSA portfolio, so it will just add up my number of shares. Nothing much, but it would increase my dividend income to something like $736 per month. Anything that can increase my dividend income sound like a great plan thank you.
Posts
3 comments:
Always following your post and love reading all your post. Do you think drip is the way to go?
Oh yes, it is totally worth it to enroll in a DRIP for your eligible stocks.
It may appear somewhat frustrating not being able to actually spend your dividend money the way you want, but in the long run, a DRIP will bring significant growth to your portfolio.
I had experimented with some of my stocks.
If you don't need your dividend money, get in a DRIP for everything, and in a few years from now you'll see some valuable $$$ and you'll eventually thank me. :-)
Thank you!
Post a Comment