July 2015 Dividend Update!

    I am always very happy to check my Questrade account throughout the month and periodically see the cash balance rise without any help on my part. July has certainly been no exception, with several big quarterly payouts from AQN, BNS, BCE and TD, along with my stable monthly contributors hitting their mark.

    The first month in each new quarter is consistently my largest month for dividends and July 2015 kept that trend going strong! With once again hitting a new high water mark for dividend income with a total of $208.35! Which for most people, and especially for me working at near minimum wage at SBUX is a big amount of money, basically 20 hours of work! I definitely much prefer to continue to hold and buy new equity as I can than work. 

Company	Ticker	$(Cdn)	Notes
Dream Office REIT	D.UN	22.21	+34 shares
Pembina Pipeline Corp.	PPL	10.68
Pizza Pizza	PZA	9.52
RioCan REIT	REI.UN	9.4
Veresen	VSN	8.16
BMO Cdn. Div ETF	ZDV	2.7
Algonquin Power&Utilities	AQN	44.8	+$4.86, FXR
BCE Inc.	BCE	39	+39 shares
Bank of Nova Scotia	BNS	39.44	+12 shares
Toronto Dominion Bank	TD	22.44
Total Dividends		208.35	+$64.4

    This month big gains from the previous months income came in the form of additional shares in BNS, BCE and D.UN. Also, since the recent devaluation of the Canadian dollar versus the American dollar I received $4.86 more from my AQN dividends since it distributes in USD’s. Which was a nice bonus, but not something I would plan on overly relying on.  

    All of these gains in dividend income represent an increase of $64.4 over the last comparable month, which is a 145% increase! Now that August is under way, once more all I need to do to collect my dividend income once more is sit back, relax and keep holding the stocks. Already I have been given about $3 during my day off of work. Not too shabby!