Wow another month flew by and it's already August. I love beginning of the month because this is when I tally all the dividends that we received from owning dividend stocks like AT&T, Telus, and Chevron. I particularly like receiving dividends because they are passive income that do not require me working actively. Right now the dividend amount that we receive each month is still quite small but by adding more capital and repurchasing shares via DRIP, we should see a healthy increase in the dividend amount month over month, year over year.
We own both Canadian and US stocks in our dividend portfolio. This means that we receive dividends in both Canadian and US. To keep math simple, I've decided not to convert US currency into Canadian currency, meaning we're using a 1 to 1 currency rate. This may not be accurate since $1 US is about $1.09 Canadian right now but this practice keeps life easier. I like easy life. 🙂
In July we received a total of $630.37 in dividend! This was an increase of 43.7% compared to July 2013.
So far in 2014 we've received a total of $4703.06 in dividend.
Here are the stocks that we received dividend payment in July:
Pure Industrial REIT (AAR.UN)
BCE Inc. (BCE.TO)
Bank of Nova Scotia (BNS.TO)
Chorus Aviation (CHR.B)
Corus Entertainment Inc (CJR.B)
Dream Office REIT (D.UN)
Energyplus Corp (ERF.TO)
General Electric (GE)
H&R REIT (HR.UN)
KEG Income Trust (KEG.UN)
Liquor Store (LIQ)
Rogers Communications (RCI.B)
RioCan REIT (REI.UN)
TD Bank (TD.TO)
TransCanada Corp. (TRP.TO)
The biggest dividend contributor in July was Bank of Nova Scotia with $100.48.
I'm very excited about the July dividend amount. To put the amount received into perspective, $630 covers our July food, internet and phone, and gas budget. This is very significant considering I didn't receive any active income due to the two-week parental leave that I took to spend more time with my son.
You can find our dividend portfolio here