During the month of March I harvested $4600 in Canadian dividends and $1475 in US dividends. With these sums, I rebalanced my portfolio as the value of my stocks in the technology sector had increased more than 5% of my sector allocation target. Therefore, I sold some shares of Oracle (ORCL-Q), Tecsys (TCS-T) and ADP (ADP-Q). I added to my positions in the basic consumption sector with North West Company (NWC-T) and Transcontinental (TCL.A-T) and in the healthcare sector with Becton Dickenson (BDX-N)
My dividend harvest continues to increase from year to year. My goal is to harvest dividends that increase at a rate greater than the 2 -3% annual inflation rates. With increasing dividend revenue, I am more comfortable budgeting my expenses during retirement knowing that I can easily offset inflation’s impact on ever lower purchasing power.
Well since January 1st, here is a list of my stocks that have increased their dividend payout as well as the rate of increase:
Realty Income 2% + .2%
This list represents 11 of the 44 stocks that I own.
Remember, these stocks are not recommendations… enjoy finding your own stocks!
Until next month!