My Dividend Portfolio as of November 30, 2011: +$112.57 (+0.20%)
Last month, I mentioned that I liquidated the majority of my stocks to reinvest my money into higher yielding stocks. The stocks I decided to buy to create a higher dividend income were:
- RioCan Real Estate Investment Trust (REI-UN)
- Boston Pizza Royalties Income Fund (BPF-UN)
- BMO Covered Call Canadian Banks BANKS ETF (ZWB)
- Just Energy Income Fund (JE)
- Keg Royalties Income Fund (KEG-UN)
- Kinross Gold Corporation (K)
As a result, my dividend income more than doubled since last month. As for my portfolio's performance, it has been doing poorly. The markets were on a downtrend the majority of the month causing a large loss in my dividend portfolio.
Most of my choices held their own in November except JE and K. I haven't decided if I would keep investing into these two stocks. JE offers a yield over 10% on a monthly basis, so as long as it is stable I might choose to keep it. K on the other hand was chosen to add some stability due to it's exposure in the gold market. That didn't work out the way I planned. I will see how the stocks perform in the month of December and make my decision from there.
In November, I also started adding shares of Enbridge Income Fund Holdings Inc. (ENF) to my dividend portfolio. I chose to invest more in ENF rather than ENB because ENF distributes dividends every month and as a higher yield than ENB. Performance-wise ENB is a better choice, but for the purposes of dividend income, I think ENF is better.
Profit/Loss as of November 2011: +$112.57 (+0.20%)
November 2011 Dividend Income: $387.06
Total Dividend Income for 2011: $886.09