December 2016 Dividend Income Update Jan 15th

How to go about securing the best return for your investment in Canada.
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December 2016 Dividend Income UpdateSave, invest, prosper with My Own Advisor.
A new year brings new beginnings.  It’s also a time to reflect upon the year that was – including our 2016 dividend income.
For those of you new to these posts on my site, every month I discuss our approach to investing focusing on dividend paying stocks.  We believe buying and holding a number of Canadian dividend-paying stocks in our tax-free (thanks TFSA) and non-registered accounts will, over time, provide some steady monthly income for future wants and needs in retirement.
2016 was a heckuva year for the stock market.
Using iShares XIC ETF as a quick proxy for the Canadian stock market, returns were about 21% for the 2016 calendar year – amazing.  For what it’s worth, the Canadian portion of our portfolio was up by the same amount thanks to capital gains and dividends from many of the same companies XIC owns in its top-25 holdings.  These are companies we own directly and have no intention of selling.
As of January 2016, a year ago, our dividend income was about $11,750…

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