January 2016: Dividend Update!

    January, being the first month of Q1 is usually always a great month for dividend income for me. January 2016 is proven to be no exception to that, having been an excellent month with my new high mark for passive income. My monthly payers continue to give me a solid base of dividend income, while the quarterly dividends pushed me well into the $200 mark!

    While the Canadian dollar may have gotten weaker against the US Dollar, making some imported products more expensive here in Canada, I did benefit a bit from it with my US Dollar dividend from AQN rising by $5.06 simply from the change in exchange rate.

Company	Ticker	$(Cdn)	Notes
Dream Office REIT	D.UN	30.61
Pembina Pipeline Corp.	PPL	10.68
Pizza Pizza	PZA	9.76
RioCan REIT	REI.UN	9.40
Veresen	VSN	14.24
Algonquin Power&Utilities	AQN	50.50	+$5.06 from FX
BCE Inc.	BCE	39
Bank of Nova Scotia	BNS	40.6
Toronto Dominion Bank	TD	22.44
Total Dividends		227.23	+$18.88, 8.3%

    Overall, my dividend income increased by $18.88 from my last comparable month in October 2015. Which is an increase of 8.3%, not bad! Perhaps by next time I will have added to one of these positions to keep the momentum going. I am very happy to be getting over $100, and $200 every month for doing nothing! This months dividend income represents 20 hours of minimum wage work, so my portfolio worked 5 hours a week for me in January, nice!