Thursday, July 28, 2022

Building Your Pension Plan

I built my own pension plan. You buy good dividend growth stocks and hold on to them. These are some of the stocks I used to build my own pension plan. As my companies grew and increased their dividends, I made more in dividend income. Over time, I grew my dividend income so that I could live on my dividend income.

Under Held, is the number of years I have held these stocks. Under the St. Div column is the dividend I was getting per share when I bought the stock. The Start column shows the dividend yield I got when I bought the stock. Under Div R. column is the current dividend I am now getting per share I hold. Under the Now column, I am showing the current dividend yield and under On Orgi column I am showing what I am getting on my original investment.

No Name Sym Held St Div Start Div R Now On Orgi.
1 Bank of Montreal BMO 39 $0.49 6.65% $5.56 4.49% 75.44%
2 BCE BCE 40 $0.52 5.72% $3.68 5.82% 40.47%
3 Canadian National CNR 17 $0.25 1.39% $2.93 2.02% 16.25%
4 Canadian Tire Corp CTC.A 22 $0.40 1.79% $6.50 12.68% 29.12%
5 Enbridge Inc ENB 17 $0.50 2.78% $3.44 6.33% 19.15%
6 Fortis Inc FTS 35 $0.33 7.10% $2.14 3.52% 46.02%
7 Metro Inc MRU 18 $0.11 1.92% $1.10 1.59% 18.68%

On my other blog I wrote yesterday about Savaria Corporation (TSX-SIS, OTC-SISXF) ... learn more. Next, I will write about Ballard Power Systems Inc (TSX-BLDP, NASDAQ-BLDP0 ... learn more on Friday, July 29, 2022 around 5 pm.

This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.

See my site for an index to these blog entries and for stocks followed. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.

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