May 2016 - Update

May always brings in a small set of dividend income but I did end up making a larger amount of purchases than usual.

Dividends received for May 2016:

Corus Entertainment (CJR.B)$9.50
RioCan Real Estate (REI.UN)$11.75
Royal Bank (RY) $81.00
Total:
$102.25

RY increased monthly dividends.

Purchases this month:
  • Bank of Nova Scotia (BNS) - 40 shares @ 65.18 = $2607.20
  • Royal Bank (RY) - 25 shares @ 77.69 = $1942.25
  • TransCanada Corp (TRP) - 22 shares @ 52.12 = $1146.64
Total amount of new purchases this month: $5696.09

Portfolio Update

The total portfolio is now at: $48,525.12

As of today:

I have received a total of $673.54 in dividends this year. The portfolio will generate about $2084/yr which is $174 per month on average of tax-free income. 

April 2016 - Portfolio and Dividends Update

A record breaking month so far in this journey! Not so much activity as trades go but I did add another 50 shares of Telus which bring my total shares up to 100. Next month I will top up a few other positions as I'd like to see each of them bring in a least $100 a dividend per quarter. Don't ask me why but I find it motivating to see 3 digit dividends more so than 2 :)

May will definitely see a few more trades than usual as I'm close to filling up the TFSA account now. After that I may switch gears and focus on the destroying the mortgage for a little while...

Dividends received for April 2016:

BNS, TD and TRP increased dividends this month

Corus Entertainment$9.50
Bank of Nova Scotia (BNS)$72.00
Bell Canada (BCE)$17.06
RioCan Real Estate$11.75
TD Bank$55.00
Transcanada Corp (TRP)$27.12
Total:
$192.43

Purchases this month:
  • Telus - 50 shares @ 40.88 = $2044.00
Total amount of new purchases this month: $2044.00

Portfolio Update

The total portfolio is now at: $41,381.20

As of today:

I have received a total of $571.29 in dividends this year. The portfolio will generate about $1830/yr which is $153 per month on average of tax-free income. 

March 2016 - Update


A quick summary update for March. Once again broke the $100/month in dividends barrier. Next month should be even better.

Dividends received for March 2016:

Corus Entertainment$9.50
Canadian Utilities$32.50
Hydro One$34.00
RioCan Real Estate$11.75
Sun Life Financial$19.50
Suncor$11.60
Total:
$118.85

Purchases this month:
  • Telus - 50 shares @ 41.24 = $2062.00
Total amount of new purchases this month: $2062.00

Portfolio Update

The total portfolio is now at: $38,810.07

As of today:

I have received a total of $378.86 in dividends this year. The portfolio will generate about $1714/yr which is $143 per month on average of tax-free income. 

February 2016 - Dividends Update


February is a particularly small dividend month for me. I don't know what it is but the last two months have felt like little progress has been made. It's always good to keep track with these updates however because it forces me look at the numbers in more detail. It's at this point I realize I've somehow managed to pile in almost $3400 worth of new investments into the portfolio in the last month despite being an expensive month overall.

Keep on truckin' ...

Dividends received for February 2016:

Corus Entertainment$9.50
RioCan Real Estate$11.75
Royal Bank$55.30
Total:
$76.55

Purchases this month:
  • Royal Bank - 30 shares @ 71.05 = 2131.50
  • Suncor - 40 shares @ 29.95 = $1198.00
Total amount of new purchases this month: $3329.50

Portfolio Update

The total portfolio is now at: $34,684.51

As of today:

I have received a total of $260.01 in dividends this year. The portfolio will generate about $1618/yr which is $135 per month on average of tax-free income. 

January 2016 - Update

It's time for the dividend update for January 2016.

Unlike the last update this *was* indeed a new record breaker month for dividend income! January sees a lot of companies in my portfolio paying dividends and they're finally starting to come in from the stocks purchased last year.

Even though I had some cash on the ready I was not able to make any investments due to other things going on this month. It's unfortunate since a lot of companies were on sale too! Despite this, I always remember the principle of paying yourself first - so next month will see twice the amount of purchases as normal.

The dividends received: 


Bell Canada$16.25
Bank of Nova Scotia$70.00
Corus Entertainment$9.50
RioCan Real Estate$11.75
TD Bank$51.00
TransCanada Corp.$24.95
Total:
$183.46

Purchases this month:
  • None
Total amount of new purchases this month: $0

Portfolio Update

The total portfolio is now at: $30,864.68

As of today:

I have received a total of $183.46 in dividends this year. The portfolio will generate about $1423/yr which is $119 per month on average of tax-free income. 

December 2015 - Dividend Update

Happy New Year!

It's time for the usual dividend update for the month of December.

The total dividends received in December:  $49.60
Canadian Utilities (CU)$8.85
Corus Entertainment (CJR.B)$9.50
RioCan Real Estate (REI.UN)$11.75
Sun Life Financial (SLF)$19.50
Total:
$49.60

Not exactly a record breaker month that's for sure!

Purchases this month:
  • Canadian Utilities - 20 shares @ 32.05 = $641.00
  • Toronto Dominion Bank - 45 shares @ 53.75 = $2418.30
Total amount of new purchases this month: $3059.30

Portfolio Update

The total portfolio at the end of December is now at: $29,788.42

As of today:

I have received a total of $651.18 in dividends this year. The portfolio will generate about $1285/year which is around $107.14 on average per month tax-free income. 

In the previous year, my dividends for the whole year were a whoppin' $7.27.  Progress has been made in 2015. Here's to an even better 2016 - for everyone!

November 2015 - Dividend Updates

The total dividends received in November:  $76.55

Honestly I don't blog for any reason other than to keep track of things and to keep myself honest so I'm going to do more of a monthly summary approach for these blog entries going forward. I've been pretty busy with work and it's only going to get crazier as the weeks go on (more incentive to get dividends to cover more expenses and replace my income as much as possible right!)

There are not a lot of companies in my portfolio that pay out dividends this month but here's the breakdown:
Corus Entertainment (CJR.B)$9.50
RioCan Real Estate (REI.UN)$11.75
Royal Bank (RY)$55.30
Total:$76.55

Purchases this month:
  • Bank of Nova Scotia - 20 shares @ 60.39 = $1207.80 
  • Canadian Utilities - 20 shares @ 34.15 = $683.00
  • Hydro One - 100 shares @ 21.50 = $2150.00
Total amount of new purchases this month: $4040.80!

What the hell happened?! I never really added the total month up before like this so this kinda surprised me how much it was - lots of overtime and on-call at work adds up. Just hope I can keep the momentum going strong...

Portfolio Update

This year has been the most diligent I've ever been saving/investing in my entire life, it really is about paying yourself first.

The total portfolio at the end of November is now at: $27,476.79

As of today:

I have received a total of $601.58 in dividends this year. The portfolio will generate about $1252/year which is around $104.35 on average per month tax-free income.