Dividends, One Month In

I started this blog at the beginning of May.

I had the idea yesterday that maybe this blog was a mistake. Starting this blog, and deciding to invest my cash into the market over the past 6 weeks, has cost me a lot of money! I am down about 4% on my stocks and ETFs. Luckily, as I’ve said before, this is just a small part of my overall investable assets, so I’ve probably lost closer to 1% of my net worth this month. Which still hurts just a bit.

Let’s focus on the positive.

I own a number of dividend-paying companies. Most of them will continue to pay dividends, and so every month I will see some money come in. I have automatic reinvestment turned on (DRIP), so I will see that income turn into new shares.

So looking back at the month of May and June so far, which is when I was just getting started, how much did I earn in dividends?

• May – Pizza Pizza (PZA.TO) paid me 6.5 cents per share.
• June – Enbridge (ENB.TO) paid me 86 cents per share.
• June – Pizza Pizza (PZA.TO) paid me 6.5 cents per share.
• June – Pembina Pipeline (PPL.TO) paid me 21 cents per share.

That’s not much yet. I really look forward to the rest of June, July, and August. Many of the companies pay quarterly, so we have to wait up to 3 months to see any dividends from them.

Most of these companies will return a solid 5%-7% per year while we wait for the market to recover.

Plus, these companies are expected to grow earnings at a decent pace in the future as well.

Does that get reflected in future stock price increases? We’ll see!

My portfolio’s P/E ratio is well within the value range.

By the way, I use a website called simplywall.st to track my portfolio and research stocks to invest in.