Saturday, 1 November 2014

October 2014 Dividend Update!

    October went by scarily fast, and with a few market scares to boot! And not to mention Halloween frights as well, like snow fall around midnight!!! The good news is that the dividends kept on coming in on schedule and as expected, if not better! My monthly payers keep my baseline income nice and high at around $30 every month, and this time my quarterly paying companies kicked in even more! I'v also benefited this month from having bought more shares of TD which paid out this month and dividend increases from AQN and BNS. My total dividend income this month is my highest yet, with $63.54 in dividend income! That's over double last months $29.59, and $6.28 more than the previous comparable month! That money is pretty much 6 hours of minimum wage work I did not have to do at all and it feels pretty good to see my passive income stream slowly growing.

Here's my full breakdown:



Company
Ticker
$(Cdn)
Notes
Dream Office REIT
D.UN
11.39

Veresen
VSN
8.16

Pizza Pizza
PZA
4

Pembina Pipeline Corp.
PPL
3.34

BMO Cdn. Div ETF
ZDV
1.98

Ishares 1-5yr GovBond ETF
CLF
0.58

Bell
BCE
12.97

Algonquin Power/Utilities
AQN
8.7
Div increase/beneficial currency change
Toronto-Dominion
TD
8.46
Bough new shares, so more dividends!
Bank of Nova Scotia
BNS
3.96
Div increase brough in 2cents more per share
Total Dividends

63.54

Posted by at
Labels: , , , , , , ,

6 comments:

  1. Roadmap2Retire2 November 2014 at 08:54

    Congrats on the dividends, DW. Good progress from last month and last comparable month. Keep at it!

    Best wishes
    R2R

    ReplyDelete
  2. Anonymous3 November 2014 at 15:03

    Hi - just curious as to when you buy new positions. Do you have a minimum amount you need to save before you invest? I ask because I am curious about the cost to trade small amounts. I personally usually wait until I have at least $1000.00 to make a purchase, so that the trading costs are minimal. Do you have any similar amount, or do you just put your money to work right away regardless of trading costs? Thanks

    ReplyDelete
  3. Dividend Wisp3 November 2014 at 17:45

    @R2R Thanks! Also the nice thing is, I could stop now and those dividends would keep on paying more over time for no new effort :)

    @Anon For the most part I make sure that my purchases are at least $500+, which keeps my cost of trading at 1% or less, since each trade is ~$5. The low trading cost lets me invest and put to work smaller amounts. When I first opened my account I had 10 free trades so I started many smaller positions for the instant diversification. Also, ETF purchases are free, so I sometimes I buy just a few of those when I don't have enough capital for a stock investment. Thanks for stopping by and asking.

    ReplyDelete
  4. DivHut5 November 2014 at 02:44

    Thanks for sharing your recent dividend income with us. I was excited to receive my very first BNS dividend in October and soon I'll be seeing my first TD as well. Keep on adding to your dividend payers and be amazed this time next year at your YOY growth.

    ReplyDelete
  5. Dividend Wisp5 November 2014 at 22:56

    @DivHut Glad to :) And technically my YOY growth is a lot! Last October I got $1.34 from some mutual fund shares I held while building up my initial capital, and now this months $63.54 is leaps ahead of that already!

    ReplyDelete
  6. Tawcan9 November 2014 at 08:09

    Great looking dividend income. I have been looking at PPL as a potential holding in the future. Good to see that you own it.

    ReplyDelete

Subscribe to: Post Comments (Atom)