The decrease in CNI related to currency conversion from Canadian dollars to U.S. dollars. You can't fault the company for that. Year over year, I still anticipate CNI's dividend will increase on a U.S. dollar basis.
Once again it is the first Saturday of the month, so it is time for a goals/progress update. Like June, July left me glad that I am a dividend investor. Annualized dividend income has increased every month since I began tracking it in November 2007. It is good that I am running well ahead of my 2008 goal because I am beginning to sense a few dividend cuts coming down the pipe. At this point, it would take a major melt-down for me not to meet my goal. Now onto the numbers.
My goals were defined in this December 1, 2007 Investing Goals post. Below is an updated version of the table found in the original post.Description Dividend
Income
AnnualizedYield
on Cost2027 Goal 110,000 20.00% 2017 Goal 30,000 10.00% 2008 Goal 4,000 4.90% Dec/2007 3,054 5.00% Purchases YTD 1,922 0.17% Div. Changes YTD 56 0.08% Sales YTD (120) 0.06% July/2008 4,912 5.31% Purchases 175 -0.05% Div. Changes 6 0.01% Sales 0 0.00% June/2008 4,731 5.35% Net Changes 101 -0.12% May/2008 4,630 5.47% Net Changes 424 0.27% April/2008 4,206 5.20% Net Changes 188 -0.06% March/2008 4,018 5.26% Net Changes 461 0.13% February/2008 3,557 5.13% Net Changes 277 0.14% January/2008 3,280 4.99% Net Changes 226 -0.01% December/2007 3,054 5.00% Net Changes 228 0.12% November/2007 2,826 4.88%
For the month, annualized dividend income increased $181, and Yield on Cost (YOC) decreased -0.04%. These changes were driven by new purchases and dividend changes (no sales in July). Let's examine each of the these categories:
Purchases: The $175 increase in annual dividend income and -0.05% decrease in YOC related to the following purchases (yield at the time of purchase):
The ETO purchase inreased my YOC, while the other three purchases lowered it. As noted in earlier updates, I expect YOC to drop monthly since most new investments will yield less than my current YOC, and dividend increases will not be sufficient to offset it.
Dividend Changes: The $6 increase in annual dividend income and 0.01% increase in YOC related to the following dividend changes (a=dividend stated in annual terms, q=quarterly, m=monthly):
The next monthly progress update will be on Saturday, September 6th.
(Photo: sanja gjenero)
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D4L,
I am a big fan of your monthly passive income updates. Keep up the great work!
July