The purpose of this short post is to provide an update of the dividend income generated in the FFJ Portfolio during the month of February 2017. The total dividend income received was pretty meager but fortunately the vast majority of our investments are not held in this portfolio.
We generated CDN $152.15 from Smart REIT and USD $598.64 (after the 15% withholding tax) from AT&T, Verizon, and Colgate.
Year-to-date dividend income amounts to CDN $1,355.23 and USD $1,019.31.
Dividend income should pick up nicely in March. We will be receiving roughly CDN $450 from CNR, DH, and SRU.UN and USD $1,830 from CVX, JNJ, MMM, and XOM.
I have forecast our YTD dividend income at the end of March 2017. We should reach roughly CDN $1,805 and USD $2,849 which puts us on pace to exceed our FY2017 dividend income target of CDN $7,000 and USD $11,000.