Dividend Payday
I received my dividend distribution from my holdings of Advantage Energy Income Fund today. When I began investing in AAV, I purchased eight shares exactly through Sharebuilder.com, and since then I have increased that holding to 8.4873 shares of AAV as a result of monthly dividend reinvesting. This particular monthly payout netted me 0.0851 more shares at approximately $11.63/share.
Advantage Energy Income Fund had quite a spike in share price a few weeks ago, which resulted in fewer partial shares being purchased via dividend reinvesting. Now that the share price is hovering a little lower, I am getting more shares for the same dividend rate each month. When combined with the compounding effect of dividend reinvesting, I should continue to see increased dividends and the resulting increased holdings of AAV on a monthly basis.
For those of you who are regularly following my dividend reinvesting saga, below is the usual, freshly updated and ever-growing, list of dividend payouts I have received since becoming an investor in January 2007. You will notice that the AAV distribution is actually smaller this month than the previous month's distribution. The only thing I can figure is that the international tax on this Canadian investment has been raised, or perhaps that the exchange rate between the Canadian Dollar and the American Dollar has dropped in the past month. In any case, the smaller dividend payout still bought more partial shares this month due to Advantage Energy's lazy share price.
Roth IRA Dividends:
iShares Russell 2000 Index ETF (IWM):
03/29/07: ($0.64)
07/05/07: ($0.86)
S&P 500 Index "Spiders" ETF (SPY):
04/30/07: ($1.27)
07/31/07: ($1.62)
PowerShares High Yield Dividend Achievers ETF (PEY):
04/30/07: ($1.11)
05/31/07: ($1.38)
06/29/07: ($1.39)
07/31/07: ($1.82)
Money Market Fund:
02/21/07: ($0.47)
03/21/07: ($0.53)
04/23/07: ($0.64)
05/21/07: ($0.26)
07/23/07: ($0.36)
Taxable Account / Emergency Fund Dividends:
Advantage Energy Income Fund (AAV):
03/19/07: ($0.87)
04/18/07: ($0.91)
05/17/07: ($0.94)
06/19/07: ($0.99)
07/19/07: ($1.01)
08/17/07: ($0.99)
Money Market Fund:
02/21/07: ($0.35)
03/21/07: ($1.55)
04/23/07: ($3.25)
05/21/07: ($4.62)
06/21/07: ($2.68)
