Dividend Income – March 2015 Update

It’s that time of the month again! Now, please excuse me for a minute so I can get off the chair and dance around like Dilbert and Willy for doing absolutely nothing and still getting paid. Boom Shakalaka! Although our monthly dividend income is still quite small compared to the salary income from our 9-5 jobs, I actually get more excited when tallying our monthly dividend income than getting the pay cheque every 2 weeks. Yes call me weird but it’s hard not to get excited when our money is working hard for us and getting us one step closer to financial independence. I look forward to the day where our dividend income overtakes our working income.

For some reason, March felt longer than 31 days. It’s probably because work had kept me pretty busy. On top of the demanding projects that I was dealing with, my workload doubled when I had to cover my manager while he was on vacation. Luckily, I weathered the storm and did a good job to make sure that all the project milestones were met and kept all the customers relatively happy. It was also good to have Mrs. T to remind me that there’s life outside of work and that I needed to spend quality times with her and Baby T. Bay T is learning more and more things each day at 17 months old. He is now walking everywhere (still stumbling around here and there) and saying more and more words. It’s pretty amazing to be greeted by a smiling Baby T when I come home each day. This is why it’s important to have a work life balance. There are more important things in life than work and we are simply not programmed to work 80 – 100 hours a week.

Here’s a list of stocks that we received dividends in March 2015:

Pure Industrial REIT (AAR.UN)
BP (BP)
Chorus Aviation (CHR.B)
Corus Entertainment (CJR.B)
Canadian National Railway Company (CNR.TO)
ConocoPhillips (COP)
Chevron (CVX)
Dream Office REIT (D.UN)
Enbrdige (ENB.TO)
Energyplus Corp (ERF.TO)
Evertz Technologies (ET.TO)
Fortis (FTS.TO)
H&R REIT (HR.UN)
Intact Financial (IFC.TO)
Intel (INTC)
Johnson & Johnson (JNJ)
KEG Income Trust (KEG.UN)
Liquor Store (LIQ.TO)
McDonald’s (MCD)
Manulife Financial (MFC.TO)
MCAN Mortgage Corporation (MKP.TO)
Qualcomm (QCOM)
RioCan REIT (REI.UN)
Saputo (SAP.TO)
Suncor (SU.TO)
Unilever (UL)
Waste Management (WM)

In March we received a total of $775.53 in dividend! Compared to March of 2014 that’s a decrease in dividend income. However because we received a large amount of special dividend in March 2014, the dividend income for March 2014 was abnormally high. If we take out the special dividend amount, we see an increase of 20% YOY!

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Please note, when it comes to monthly dividend income, we do not differentiate US and Canadian currencies. To keep the math simple, we’re using a 1 to 1 currency rate when it comes to dividend income received in US currency. This may not be accurate but it keeps life simple.

So far this year we’ve received a total of $2,306.02 in dividend income. That’s an increase of 6% compared to the first three months of 2014. A 6% increase is very respectable considering that we received an abnormally high amount of special dividend in Q1 of 2014. We are very happy with our progress and it will be interesting to see what our total dividend income would be at end of the year.

Looking forward, we are still trying to decide what to do with fresh capital in our RRSP accounts – whether to convert to US dollar and purchase US dividend stocks or keep it in Canadian dollar and purchase Canadian dividend stocks. I guess you’ll have to check back to see what our decision is. 🙂

 

I have updated our dividend income page to reflect the March dividend income.

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53 Comments

  • Reply
    Dividend Hustler
    April 9, 2015 at 4:20 pm

    Great going Tawcan. Slow and steady wins it. You’re doing awesome. It’s great seeing your progress trending higher and higher. Spend time with your family. Everything’s gonna be wonderful. You’ve built a solid foundation. Take care bud.

    • Reply
      Tawcan
      April 10, 2015 at 1:17 pm

      Hi Dividend Hustler,

      Thanks, slow and steady definitely wins the game. 🙂

  • Reply
    Shawn
    April 9, 2015 at 4:22 pm

    Congrats on the great month! Def get more excited for divies than the biweekly pay cheque…..just wondering your thoughts on MKP.to? Looks like it’s had a small pull back? Would u put new money into it? What do you think the next few years brings for MKP.to?

    • Reply
      Tawcan
      April 10, 2015 at 1:20 pm

      Hi Shawn,

      I have been putting MKP.TO on auto pilot for a while now. We receive sufficient dividend to DRIP each quarter so we are already taking advantage of the pull back. It’s not high on my list to add more money into it.

  • Reply
    Vivianne
    April 9, 2015 at 6:40 pm

    Wow, excellent dividend grow. Enormous amount for the quarter.

    I think I’ve already know what’s your decision is regarding the conversion or not. Let me guess:

    Uoy lliw peek ti ni adanac.

    • Reply
      Tawcan
      April 10, 2015 at 1:20 pm

      Hi Vivianne,

      Can’t say you’re right yet since we haven’t made the decision. Will have to check back. 😀

  • Reply
    Investing Pursuits
    April 9, 2015 at 8:14 pm

    It is always nice to receive dividend income. Much more rewarding then earned income. It is that way for me for sure

    • Reply
      Tawcan
      April 10, 2015 at 1:21 pm

      Hi Investing Pursuits,

      We think alike but I think most dividend investors are like that. 🙂

  • Reply
    John
    April 9, 2015 at 8:39 pm

    nice job, I get pennies on my dividends but I still count them up.

    • Reply
      Tawcan
      April 10, 2015 at 1:22 pm

      Hi John,

      It’s not long ago we were counting pennies too. Continue investing and you’ll see your dividend growth. Good luck!

      • Reply
        M from There's Value
        April 11, 2015 at 12:47 am

        Mine are ever so slightly higher than pennies… and I love counting them up too!

        Keep upi the good work

        Cheers

        • Reply
          Tawcan
          April 13, 2015 at 7:56 pm

          Hi M,

          Counting up dividend income is always a fun thing to do. 🙂

  • Reply
    Roadmap2Retire
    April 9, 2015 at 10:41 pm

    Thats some serious income, Tawcan. Some really strong names paying out cold hard cash in your portfolio. Congrats and keep up the great work.

    R2R

    • Reply
      Tawcan
      April 10, 2015 at 1:24 pm

      Hi R2R,

      Thanks for the kind word. Always trying to grow our dividend income.

  • Reply
    BeSmartRich
    April 10, 2015 at 3:12 am

    You are going very strong Tawcan. Already $2300 for last 3 months is impressive. You will be able to reach $10,000 by 2014 if you keep pouring more capitals to work themselves. Keep up the great work Tawcan!

    BeSmartRich

    • Reply
      Tawcan
      April 10, 2015 at 1:25 pm

      Hi BeSmartRich,

      Thanks, we’re very happy with that Q1 dividend income, hoping to have even stronger income for the rest of 2015.

  • Reply
    JC
    April 10, 2015 at 6:07 am

    Great job Tawcan! Even though there’s work involved behind actual work income and dividend income, I also find the dividends to be much more rewarding. Of course they continue to grow and increase! Keep up the good work! That $2.3k over 3 months is a really strong mark. We were at $1.3k through the first quarter so we’ve got a ways to go.

    • Reply
      Tawcan
      April 10, 2015 at 1:27 pm

      Hi JC,

      Dividend investment is so rewarding, I can’t get enough of it. I’m sure you feel the same way too.

  • Reply
    My Own Advisor
    April 11, 2015 at 4:00 am

    Nice update. I look forward to reading about what you do re: USD purchases.

    Keep up the great investing!
    Mark

    • Reply
      Tawcan
      April 13, 2015 at 7:57 pm

      Hi Mark,

      Will definitely do a write up on our decision. I guess you’ll be glued to the TV in the next few weeks cheering for the Sens.

  • Reply
    Mr Zombie
    April 11, 2015 at 4:22 am

    Hi Tawcan,

    More than $2k in the year to date is awesome!

    “There are more important things in life than work and we are simply not programmed to work 80 – 100 hours a week” – it’s incredible how many people try to live like this though! Pretty glad I found out about the pursuit for FI before this happened to me as well!

    Mr Z

    • Reply
      Tawcan
      April 13, 2015 at 7:58 pm

      Hi Mr Zombie,

      Same here. It amazes me that people can keep pulling 80-100 hours a week year after year. I really wonder what their quality of life is like when they’re not working.

  • Reply
    FI Fighter
    April 11, 2015 at 8:47 am

    That’s a long list of companies paying you out this month which is awesome. Great progress and it must have felt wonderful getting hit with another dividend payout seemingly every day. 🙂

    Have a great weekend!

    • Reply
      Tawcan
      April 13, 2015 at 7:59 pm

      Hi FI Fighter,

      Thanks, hopefully we’ll be able to add some real estate passive income in the near future just like what you’re doing.

  • Reply
    Seraph
    April 11, 2015 at 3:57 pm

    Dividends feel so much more awesome than a paycheck because there was zero effort required to receive them! To me it feels like I’m getting free money every month. 🙂

    Fantastic Q1 and YOY increase. Looking forward to see when you unload your extra capital next!

    • Reply
      Tawcan
      April 13, 2015 at 7:59 pm

      Hi Seraph,

      That is why it’ so nice to receive dividends. It is indeed like getting free money every month. Definitely looking forward to the rest of the year.

  • Reply
    Passive Income Mavericks
    April 12, 2015 at 5:28 pm

    Congrats Tawcan with $700+ in dividends and 20% yoy growth!

    Keep it up!
    PIM

    • Reply
      Tawcan
      April 13, 2015 at 8:00 pm

      Hi Passive Income Mavericks,

      Thanks for the kind words. Looks like you’re doing pretty well too.

  • Reply
    FrugalityToFinancialFreedom
    April 13, 2015 at 2:06 pm

    Great job on an excellent month! Same goes here, I am more excited tallying my dividend income than my paycheck! Thanks for sharing!

    • Reply
      Tawcan
      April 13, 2015 at 8:02 pm

      Hi FrugalityToFinancialFreedom,

      I guess we DGI all think alike when it comes to dividend income. Glad to have a community to share ideas.

  • Reply
    Divorcedff
    April 13, 2015 at 4:28 pm

    Tawcan

    What a great passive income!! keep the snowball rolling.

    • Reply
      Tawcan
      April 13, 2015 at 8:03 pm

      Hi Divorcedff,

      Definitely want to keep that snowball rolling and making it bigger and bigger.

  • Reply
    Dividend Diplomats
    April 13, 2015 at 8:51 pm

    Tawcan,

    20% YOY growth! Heck yeah! Congrats on the great progress my friend. Keep up the great work and spend as much time with Baby T as possible. I also speculate that March seemed like it lasted longer than 31 days because of all the dividend activity you had. You were averaging almost a dividend received per day!

    Bert

    • Reply
      Tawcan
      April 14, 2015 at 11:55 am

      Hi Bert,

      Interesting that you mentioned that we were averaging almost a dividend received per day. Never thought about that, that’s a really cool stat.

  • Reply
    DivHut
    April 14, 2015 at 12:06 am

    Awesome dividend income for the month. But as you hinted, it’s not all about work and money… it’s about family time, personal time, health and happiness. I can fully relate to your Baby T update as our son is now 1 month and the changes have been amazing. Sure he just lies there and can’t hold his own head up but we still see many changes and are loving it. Happy to have several names in common with you for March income as well. Thanks for the update.

    • Reply
      Tawcan
      April 14, 2015 at 11:55 am

      Hi DivHut,

      Isn’t being a parent amazing? There are more amazing stuff that will happen as your son grows older.

  • Reply
    Jayson @ Monster Piggy Bank
    April 14, 2015 at 4:57 am

    Your dividend income looks great, especially the February, Tawcan. What is the reason why your March came a bit behind of February? You still deserve a pat on the back.

    • Reply
      Tawcan
      April 14, 2015 at 11:57 am

      Hi Jayson,

      Our Feb dividend income was especially strong due to all the payouts from Canadian banks.

  • Reply
    weenie
    April 14, 2015 at 5:00 am

    Great update Tawcan and I can see why you enjoy counting them up – what a great YOY increase!

    My own dividends are growing bit by bit – all the pennies and pounds add up!

    • Reply
      Tawcan
      April 14, 2015 at 11:58 am

      Hi Weenie,

      All the pennies and pounds do all add up quickly. It’s like building a snowball, as it gets bigger, it will grow exponentially.

  • Reply
    Dividend Gremlin
    April 14, 2015 at 8:17 am

    Excellent month! 20% YOY at that amount is excellent and wonderfully demonstrates the power of DGI.

    – Gremlin

    • Reply
      Tawcan
      April 14, 2015 at 11:59 am

      Hi Gremlin,

      We’re very happy with the 20% YOY growth. Will be very interesting to see where we’re at end of the year. 🙂

  • Reply
    Even Steven
    April 14, 2015 at 10:56 am

    $2300 in CAD/USD is awesome, I think that can get you a nice place to stay and some groceries in small town usa. Nice work and love the picture representing this “hard work”.

    • Reply
      Tawcan
      April 14, 2015 at 11:59 am

      Hi Even Steven,

      That amount of money will provide pretty good standard of living in some Asian countries. We will work on adding more dividend income as we work toward financial independence.

  • Reply
    Dividend Mantra
    April 14, 2015 at 9:18 pm

    Tawcan,

    Great month to finish out the first quarter. You’re off to a blistering start this year! 🙂

    I hear you on the work-life balance thing. I’m infinitely happier now after quitting my job last year. The path to full FI might be a little slower, but I’m enjoying the journey much, much more. You’ll get there!

    Best wishes.

    • Reply
      Tawcan
      April 16, 2015 at 11:35 am

      Hi Dividend Mantra,

      Working hard to have a great year when it comes to dividend income. You’re definitely living the dream when it comes to work-life balance. 🙂

  • Reply
    Zero to Zeros
    April 15, 2015 at 12:54 am

    Hi Tawcan!

    I’m new to your blog and wanted to stop by to say hello. That’s some pretty sick dividend income you received in March, and an even sicker YOY increase! And I totally relate to getting more excited at the thought of receiving my dividends than my paycheck, hahaha. A paycheck just feels so bland and boring, whereas dividends are always increasing, and always coming from different sources every month, keeps things interesting!

    Definitely subbing to your blog, I look forward to keeping up with your progress!

    Cheers

    P.S. Your name sounds badass. Idk why but ‘Tawcan’ makes me think of some giant dragon pokemon 😛

    • Reply
      Tawcan
      April 16, 2015 at 11:36 am

      Hi Zero to Zeros,

      You have a nice blog yourself too. I certainly won’t say no to a pay cheque but to me receiving dividends is so much more rewarding. 🙂

    • Reply
      Tawcan
      April 16, 2015 at 11:37 am

      Thanks Holly!

  • Reply
    Weekend Reading - Retiree portfolios, DSCs, debt, BCE, financial acts and more | My Own Advisor
    April 16, 2015 at 6:08 pm

    […] Tawcan shared some healthy dividend income. […]

  • Reply
    Helen
    April 18, 2015 at 7:45 am

    Congratulations! I am wondering what is your strategy for investing the cash (the dividend payments). How much do you plan to accumulate before you buy some stocks? Do you do any synthetic DRIP? Why do you not own any Canadian banks? How do you decide which companies to invest in using the cash from your dividend payments? Always eager to learn from people who appear to be smarter than me. Thank you.

    • Reply
      Tawcan
      April 20, 2015 at 5:12 pm

      Hi Helen,

      We do have Canadian banks but they didn’t pay out any dividends in March. We try to enroll in synthetic DRIP whenever possible. Please take a look at our dividend portfolio page. I’ll write a post to answer your questions in the near future. 🙂

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