What is your monthly dividend income ?

2009M5 wrote: ↑ Yield on invested capital is 4.8% - but doesn't mean anything lol.

You can find horrible stocks that pay ridiculously high dividend yields, and amazing stocks that pay no dividend.

and there is nothing in between?

itemsale2003 wrote: ↑ So how do you guys keep track of the fact that while you are getting dividends, the value of the stock "could" drop. Or do you just sell when the stock drops so capital is protected?

As previously mentioned, the value of any stock could drop, irrespective of whether or not it pays dividends. Volatility is par for the course in investing. You can think of volatility as the "cost" for holding risk assets. Assets that are less volatile - GICs, cash, etc - typically have lower prospective returns.

Typically I don't sell when my positions decline. If there is a large decline (like 30+%) I will re-evaluate my positions and check to ensure I didn't miss something, but assuming I still believe in the underlying prospects of the business if the value proposition is attractive I will add more.

4 percent average between accounts (some accounts pure passive, some dividends, some mixed) - that's not yield on cost.

While income/salary coming in, large drops mean picking and choosing what to add - depends if it is a full market / sector drop or individual company dropping.

am i right in assuming most dividends top out around 6-7% distribution yield? so for most people, every $10k invested should net you about $50/month. someone making $1000/month would need to have about 200k invested.

fisher44 wrote: ↑ am i right in assuming most dividends top out around 6-7% distribution yield? so for most people, every $10k invested should net you about $50/month. someone making $1000/month would need to have about 200k invested.

If you have RRSP long time, that 1000 is possible.
Only 200/month in TFSA for me.

fisher44 wrote: ↑ am i right in assuming most dividends top out around 6-7% distribution yield? so for most people, every $10k invested should net you about $50/month. someone making $1000/month would need to have about 200k invested.

I think 6-7% is a bit on the high side but I think you could get pretty decent Canadian portfolio that has a 5% yield.

I had two paper portfolios for high yield (one with a 6% and one with an 8% yield). They've under performed pretty badly during Covid with multiple dividend cuts.

I'm roughly 4% yield for the taxable portfolio, but I'm also in a number of Canadian sectors that aren't noted for their higher yields. Consumer discretionary, consumer staples and industrials.

reps001 wrote: ↑ If you have RRSP long time, that 1000 is possible.
Only 200/month in TFSA for me.

How much have you invested so far ? I am trying to make $100 per month. What did you invest it in ?

Unless you are retiring in 3 years, I don't get why you would even want dividend income.

Personally it is such a hassle ($150 per company here and there. I would much rather they buyback their own shares rather than me having to re-invest my dividends)

Some of my best performing stocks (Netflix, Amazon, etc) ($1,000 invested worth $10,000 right now) actually pay $0 dividends.

Some of my worst performing stocks (Cineplex, Ford) pay out very high dividends. I am actually sitting on big capital losses even when taking into account the dividends they have paid out. (e.g. $1000 worth $800)

Cocoboy1993 wrote: ↑ How much have you invested so far ? I am trying to make $100 per month. What did you invest it in ?

around 40k for dividend, none of them is US stock, several REITs, ENB, T, IPL, FN and HMUS.

over last year

T:Jun. 11, 2020S:Jun. 11, 2020 CAD Dividend MICROSOFT CORPCASH DIV ON 28 SHS REC 05/21/20 PAY 06/11/20 NON-RES TAX WITHHELD MSFT:US - - $19.13
T:May 22, 2020S:May 22, 2020 CAD Dividend ROYAL BANK OF CANADACASH DIV ON 133 SHS REC 04/23/20 PAY 05/22/20 RY:CDN - - $143.64
T:May 14, 2020S:May 14, 2020 CAD Dividend APPLE INCCASH DIV ON 12 SHS REC 05/11/20 PAY 05/14/20 NON-RES TAX WITHHELD AAPL:US - - $13.86
T:May 1, 2020S:May 1, 2020 CAD Dividend NATIONAL BANK OF CANADACASH DIV ON 42 SHS REC 03/30/20 PAY 05/01/20 NA:CDN - - $29.82
T:Apr. 30, 2020S:Apr. 30, 2020 CAD Dividend TORONTO-DOMINION BANKCASH DIV ON 8 SHS REC 04/09/20 PAY 04/30/20 TD:CDN - - $6.32
T:Apr. 28, 2020S:Apr. 28, 2020 CAD Dividend CANADIAN IMPERIAL BANK OF COMMERCECOMMERCE CASH DIV ON 207 SHS REC 03/27/20 PAY 04/28/20 CM:CDN - - $302.22
T:Mar. 16, 2020S:Mar. 16, 2020 CAD Dividend MCDONALDS CORPCASH DIV ON 2 SHS REC 03/02/20 PAY 03/16/20 NON-RES TAX WITHHELD MCD:US - - $3.46
T:Mar. 12, 2020S:Mar. 12, 2020 CAD Dividend MICROSOFT CORPCASH DIV ON 28 SHS REC 02/20/20 PAY 03/12/20 NON-RES TAX WITHHELD MSFT:US - - $19.65
T:Feb. 24, 2020S:Feb. 24, 2020 CAD Dividend ROYAL BANK OF CANADACASH DIV ON 133 SHS REC 01/27/20 PAY 02/24/20 RY:CDN - - $139.65
T:Feb. 13, 2020S:Feb. 13, 2020 CAD Dividend APPLE INCCASH DIV ON 12 SHS REC 02/10/20 PAY 02/13/20 NON-RES TAX WITHHELD AAPL:US - - $12.23
T:Feb. 3, 2020S:Feb. 3, 2020 CAD Dividend NATIONAL BANK OF CANADACASH DIV ON 42 SHS REC 12/30/19 PAY 02/01/20 NA:CDN - - $29.82
T:Jan. 28, 2020S:Jan. 28, 2020 CAD Dividend CANADIAN IMPERIAL BANK OF COMMERCECOMMERCE CASH DIV ON 207 SHS REC 12/27/19 PAY 01/28/20 CM:CDN - - $298.08
T:Jan. 16, 2020S:Jan. 16, 2020 CAD Dividend WALT DISNEY COCASH DIV ON 8 SHS REC 12/16/19 PAY 01/16/20 NON-RES TAX WITHHELD DIS:US - - $9.17
T:Dec. 16, 2019S:Dec. 16, 2019 CAD Dividend MCDONALDS CORPCASH DIV ON 2 SHS REC 12/02/19 PAY 12/16/19 NON-RES TAX WITHHELD MCD:US - - $3.30
T:Dec. 12, 2019S:Dec. 12, 2019 CAD Dividend MICROSOFT CORPCASH DIV ON 28 SHS REC 11/21/19 PAY 12/12/19 NON-RES TAX WITHHELD MSFT:US - - $18.81
T:Nov. 22, 2019S:Nov. 22, 2019 CAD Dividend ROYAL BANK OF CANADACASH DIV ON 133 SHS REC 10/24/19 PAY 11/22/19 RY:CDN - - $139.65
T:Nov. 14, 2019S:Nov. 14, 2019 CAD Dividend APPLE INCCASH DIV ON 12 SHS REC 11/11/19 PAY 11/14/19 NON-RES TAX WITHHELD AAPL:US - - $12.23
T:Nov. 1, 2019S:Nov. 1, 2019 CAD Dividend NATIONAL BANK OF CANADACASH DIV ON 42 SHS REC 09/30/19 PAY 11/01/19 NA:CDN - - $28.56
T:Oct. 28, 2019S:Oct. 28, 2019 CAD Dividend CANADIAN IMPERIAL BANK OF COMMERCECOMMERCE CASH DIV ON 201 SHS REC 09/27/19 PAY 10/28/19 CM:CDN - - $289.44
T:Sep. 17, 2019S:Sep. 17, 2019 CAD Dividend MCDONALDS CORPCASH DIV ON 2 SHS REC 09/03/19 PAY 09/17/19 NON-RES TAX WITHHELD MCD:US - - $3.07
T:Sep. 12, 2019S:Sep. 12, 2019 CAD Dividend MICROSOFT CORPCASH DIV ON 28 SHS REC 08/15/19 PAY 09/12/19 NON-RES TAX WITHHELD MSFT:US - - $16.98
T:Aug. 23, 2019S:Aug. 23, 2019 CAD Dividend ROYAL BANK OF CANADACASH DIV ON 133 SHS REC 07/25/19 PAY 08/23/19 RY:CDN - - $135.66
T:Aug. 15, 2019S:Aug. 15, 2019 CAD Dividend APPLE INCCASH DIV ON 12 SHS REC 08/12/19 PAY 08/15/19 NON-RES TAX WITHHELD AAPL:US - - $12.29
T:Aug. 1, 2019S:Aug. 1, 2019 CAD Dividend NATIONAL BANK OF CANADACASH DIV ON 42 SHS REC 06/25/19 PAY 08/01/19 NA:CDN - - $28.56
T:Jul. 29, 2019S:Jul. 29, 2019 CAD Dividend CANADIAN IMPERIAL BANK OF COMMERCECOMMERCE CASH DIV ON 188 SHS REC 06/28/19 PAY 07/29/19 CM:CDN - - $263.20
T:Jun. 17, 2019S:Jun. 17, 2019 CAD Dividend MCDONALDS CORPCASH DIV ON 2 SHS REC 06/03/19 PAY 06/17/19 NON-RES TAX WITHHELD MCD:US - - $3.11
T:Jun. 13, 2019S:Jun. 13, 2019 CAD Dividend MICROSOFT CORPCASH DIV ON 28 SHS REC 05/16/19 PAY 06/13/19 NON-RES TAX WITHHELD MSFT:US - - $17.17
T:May 24, 2019S:May 24, 2019 CAD Dividend ROYAL BANK OF CANADACASH DIV ON 133 SHS REC 04/25/19 PAY 05/24/19 RY:CDN - - $135.66

#REF!
$2,134.74

garmium wrote: ↑ Unless you are retiring in 3 years, I don't get why you would even want dividend income.

Personally it is such a hassle ($150 per company here and there. I would much rather they buyback their own shares rather than me having to re-invest my dividends)

Some of my best performing stocks (Netflix, Amazon, etc) ($1,000 invested worth $10,000 right now) actually pay $0 dividends.

Some of my worst performing stocks (Cineplex, Ford) pay out very high dividends. I am actually sitting on big capital losses even when taking into account the dividends they have paid out. (e.g. $1000 worth $800)

It depends
2 of my best performing stocks in 9 years of investing LMT and AAPL pay nice dividends

Where do you get started buying individual dividend funds ? Have an index one fund one but it’s getting currently obliterated