August 2015 - Dividends

Monday, August 31, 2015 2 Comments A+ a-

Welcome to the monthly dividend income update.

Wow August just flew by! Quite the exciting ride with the markets these days too. Unfortunately even with all the stocks on sale lately I was only able to pick up a couple of extra shares due to redirecting extra cash to renovations (flooded basement!)

Not happy about the flooding situation, but along with the cash and a lot of sweat equity I managed to put together a new basement that I'm very happy with, while learning a lot in the process. After resolving the water issue, I did all the work myself, laying a new sub-floor & flooring, painting, baseboards, etc. In fact I really enjoyed the project and I'm considering taking some sort of beginner woodworking/carpentry type classes in the fall. Maybe this is a blessing in disguise and I've found my next calling ... riiight :)

Now onto the business - The dividends I received in August:

Corus Entertainment (CJR.B)$9.50
RioCan Real Estate Inv (REI.UN)$11.75
Royal Bank (RY) *$19.25

Upcoming 'Pay Raises':

* Royal Bank (RY) is increasing the monthly dividend from 0.77 to 0.79/share.
* Bank of Nova Scotia (BNS) is also increasing from 0.68 to 0.70/share.

As of today:

I have received $354.78 in dividends this year. The portfolio will generate about $922/year which is around $77 on average per month tax-free passive income. Yeaah!

Total Portfolio: $19,765.34

View Portfolio   View All Dividends


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September 8, 2015 at 6:27 PM delete

Always happy to read about another RY shareholder. I still before in Loyal3 am liking the Canadian banks and despite the headwinds the Canadian economy is facing the big five are continuing to pay out dividends and even raise as in RY's and BNS's case. Thank you for sharing.

September 22, 2015 at 12:29 PM delete


Great dividend income for a slow month like August.

Keep the snowball rolling