October - Dividends

Saturday, October 31, 2015 2 Comments A+ a-

Happy Halloween!  

It's now time for the monthly dividend income update. This is the post where I get to look back on the month and review the dividends received from my portfolio. These dividends I hope will one day be significant enough to cover some if not all of my expenses and provide some financial freedom for both myself and my family.

October turned out to be a new record for dividend income: $121.55! Now, I expect this sort of thing is going to happen on a regular basis as long as new contributions are made, dividends grow and are re-invested, but hitting ever higher numbers never seems to lose it's appeal!

Over one hundred dollars in dividends basically forever for doing nothing more than delaying gratification and choosing to invest the money rather than spend it on something right away. That's a pretty damn good deal if you ask me. Even if I never get to spend a dime of it myself I'll take comfort in knowing I have some financial security and my family will be covered for a few things in life. Having to pay for your own education, housing and food and pretty much everything else as a kid can really delay and set you back financial as an adult later in life. At least that was how I felt having to climb out of that hole first and it's not something I really want for my kids but then they also need to learn the value of a dollar so it's a tough balance to get right.

Let's see how this month went...

October dividends:

Bell Canada (BCE)$16.25
Bank of Nova Scotia (BNS)$56.00
Corus Entertainment (CJR.B)$9.50
RioCan Real Estate (REI.UN)$11.75
Toronto-Dominion Bank (TD)$28.05

As of today:

I have received $525.03 in dividends this year. The portfolio will generate about $1088/year which is around $90.72 on average per month tax-free income.

Total Portfolio: $23,664.50

View Portfolio   View All Dividends


Write comments
November 6, 2015 at 2:52 AM delete

Congrats on reaching a new dividend record for dividends. It's always a great feeling seeing that growth in passive income. BNS and TD for me too. I still like the Canadian banks at these levels but cannot buy again till 2016. Oh well... I still have some exposure and am doing an auto reinvestment in each.

November 6, 2015 at 6:40 PM delete

The rest of the year won't match what October brought in just due to the way the dividend payment schedule is currently with my portfolio -- just need to fill in the gaps with a few more companies right? With regards to the banks, I felt like a little more diversification in some other sectors was necessary first, but I would also like to top off what I do have with a few more bank stocks sometime in the near future too. Good luck