This January 2017 dividend income report is the first of what I hope will be many monthly dividend income status reports.
At the beginning of 2017 I had set a FY2017 dividend income target of CDN$7,000 and US$11,000.
January 2017 is a month in which where dividend income dips slightly. We do not own many shares of companies within the FFJ Portfolio which pay dividends in January, April, July, and October. As a result, we only received CDN $1,203.08 and US$420.67.
US readers will notice the US dividend income seems to be off. The reason for this is that a 15% dividend withholding tax is levied on dividends earned on US stocks held in non-Registered accounts such as Registered Retirement Savings Plan accounts (RRSPs).
Despite the low level of dividend income received in January, I am confident we should be able to reach our target by year end.