February was another great month of dividends for me. Once again getting over $100 in dividend income, and progressively pulling ahead of the previous comparable months dividend income by $8.76. Also a huge improvement from February 2014, where that months dividends were $44.89.
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
|
|
National
Bank of Canada
|
NA
|
3.24
|
|
Royal
Bank of Canada
|
RY
|
31.6
|
|
Total Dividends
|
109.53
|
+$8.76, 8.7%
|
My monthly paying companies continue to be the foundation of my passive income stream. They help to even out my monthly income, and generally provide a high dividend yield to full my new stock purchases. While quarterly payers, in this case the two banks NA and RY continue to give nice boosts to the months income, and have been steadily increasing their payouts.
For next month, I am looking forward to seeing increased income from PPL, as I recently purchased more shares. In the next month or so though D.UN will be bringing in less as due to some recent company changes, the monthly payout has been cut to $.125, from the current $.1867. On the plus side the stock gained about 27% in the last month, so the income I lost from the dividend cut, has been more than gained in stock value.
Already this year I have collected $336.76 in dividend income, that is equal to about 30 hours of minimum wage work, not bad!
Hi Dividend Wisp,
ReplyDeleteLove your RY holdings! That's an amazing stock to own and I should start a position as well.
Nice progress and thanks for sharing.
Best wishes, DfS
Hello DfS, thank you for stopping by! The bank stocks are definitely part of my core holdings and I like how each of the big three(RY, TD, BNS) that I hold have different characteristics, but all share the same great quality of raising their dividends!
DeleteCongrats on the dividend income, DW. Nice chunk of money there ready to be invested and compounded.
ReplyDeleteBest wishes
R2R
Thanks! I am hoping to have cash to buy again either end of the month or early April. Going to put my tax return to good use!
DeleteKeep it up Wisp. The journey is real and keep staying consistent. You will thank yourself in 5 years time for sure. Thanks for sharing bud.
ReplyDeleteWill do! Seeing the steady progress and being able to look back on the now two years of progress really does help to keep me motivated, as well as everyone's support and positivity! And I am curious to see how much more I will have done for next year.
DeleteCongrats DW on the YoY growth. I see we share PZA and RY they are very good dividend payers. Can't wait to read your next update.
ReplyDeleteThanks! So far so good on the YoY growth, I'm sure it will eventually start to slow down, although I hope it never does! :)
DeleteAwesome dividend YOY growth. Keep up the great work.
ReplyDeleteThank you Tawcan. Keep up yours as well!
DeleteDividend income of over $100 a month is great. A great 100% increase from last year!.
ReplyDeleteHaving just started investing for dividends, I know the feeling when dividends hit your account. It sure is great to see money coming in then going out via bills!
Definitely! It takes a bit of time to get the proverbial dividend income rolling, but once it does it is pretty awesome! Last year I was super happy to be getting $50. And totally agree, I love seeing my BCE(BELL) dividend every quarter slowly catching up to fully covering my phone bill!
DeleteCongrats on the $100+ mark again. It's a great feeling to pass 100 then 200, etc. Keep up the good work.
ReplyDelete