March 2018 was a good month for my dividend income strategy since I raked in more than $1,000.
Before I get into the details, I realized I made a mistake in the amount of dividend income earned in February. When I was calculating my income for that month, I was going through my online statements and also decided to throw in some numbers into Excel for March. Anyway, one of those numbers ended up in the February column by mistake (the February 2018 numbers are now correct).
And with that, here are the numbers for March:
In the first two months of the year, I earned $1,470.97. On a year-to-date basis, I’ve earned $2,529.34. That’s a little more than the $2,515.19 I earned in the first quarter of 2017.
I’m expecting my passive income to be flat or lower this year because I shifted some of my holdings into financials and out of REITs. A stronger Canadian dollar will also reduce my income from U.S. stocks.
I still hope to earn at least $10,000 in passive income this year. We’ll see if that happens.