Here is a dividend report since original inception of June 25
A recap of the particulars
Fixed Income: 46%
- Bonds 34% : Investment grade corporate 1-5 year laddered Fund
- Preferred Shares 12% : Canada and American high quality holdings Fund
Equity Income 54%
- Reits 12% : Canadian Income Real Estate Investment Trusts Fund
- Canada 12.5% : High dividend paying stock fund
- American 12.5% : High dividend paying stock fund
- Covered Calls 7.5% : Covered calls of select North American stock fund
- World 12% : High yielding mainly Europe/Asia Fund
Now the list of the individual funds!
- CBO - iShares 1-5 year laddered corporate bond. .28% Mer 4.18% Yield
- ZCS - BMO Short Corp Bond Index .34% Mer 3.16% Yield
- XPF - iShares Preferred Stock North America .47% Mer 5.21% Yield
- XRE - iShares S/P TSX Cap Reit .60% Mer 4.96% Yield
- XEI - iShares Equity Income .61% Mer 4.21% Yield
- ZWU - BMO Covered Call Utilities .71% Mer 5.60% Yield
- ZWB - BMO Covered Call Financials .74% Mer 4.80% Yield
America and World Equites
- ZWH - BMO US High Div Covered Calls .65% Mer 6.07% Yield
- XHD - iShares US High Div Index .33% Mer 2.62% Yield
- CYH - iShares Global Monthly Dividend Index .34% Mer 3.59% Yield
- VEF - Vanguard Developed excluding NA .34% Mer 3.50% Yield
This selected portfolio is currently yielding 4.11%
or about $7,891 a year or $657 a month average
Now an update of the payouts and thoughts
They are a little bit lower than I had anticipated. All but one of the funds are monthly payers so $610 will be the lowest total going forward I would hope which depends on payouts remaining the same.
Revised forward dividends are $7500 for the year or $625 a month (3.9% yield)
And now even more bad news
The portfolio holdings of $192,000 is down 2.16% to $187,849 due to markets taking a severe dip.
Not the best update with lower than anticipated payout and the portfolio taking a hit but it could be worse. No panic here as its is a long term hold. Nobody can time the markets efficiently and history shows always better to be in than out. We will stand not making any moves until possibly next year where we will analyze a couple things. We will more than likely switch from the reit fund etf into individual reit holdings if the Mers do not go down on that fund. 4% yield is what I am after and will adjust accordingly to make it happen.
Markets taking a good sized dip wiping out my gains. Net worth report coming in a few days and its looking pretty red!!!! Ouchy!!!