I can't believe August is almost half way through.
I am frantically working to make each of our DIY RRSP accounts to have $25,000 each. I made that happen this week by adding more money .
Now, RRSP 1 has some money to be invested. So, I bought Vermillion energy, VET on TSX.
It will give a monthly dividend of $ 0.21 per share each month. With 56 shares,I can earn $11 per month. With the ex dividend date on July 28, I am not going to get any dividend this month though.
But, from September onwards, I will start receiving more dividends.
I was checking the dividend history. From 2004 onwards, the company was giving dividends. Actually they are giving out the same dividend from 2014 onwards. That is not a bad news.
From the company website, I can see that it is a global company and is getting traded in NYSE also.
With the limited number of shares, I will not be able to DRIP any of those dividends.
Now, with $25,000 in the RRSP account, I will not be paying annual fee to the brokerage. That is a big savings of $100 per year.
Glad to reach that milestone before September this year.
How you feel when you really achieved one goal ? How will you celebrate it?