July Dividend Update


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)
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)
KEG Income Trust (KEG.UN)
Coca-Cola (KO)
Liquor Store (LIQ)
Rogers Communications (RCI.B)
Telus (T.TO)
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

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  • Reply
    My Dividend Pipeline
    August 6, 2014 at 5:04 pm

    Wow! Over $600 in passive income is great and from 17 different companies. Keep up the good work over there!


    • Reply
      August 6, 2014 at 5:23 pm

      Thanks for dropping by! I'm very happy with our July result. 🙂

  • Reply
    August 7, 2014 at 9:48 am

    Congrats on the dividend income, Tawan. Thats an awesome amount of passive income money 🙂

    Best wishes

    • Reply
      August 7, 2014 at 9:50 am

      Thanks R2R, very happy with the July dividend income.

  • Reply
    August 7, 2014 at 2:21 pm

    Fantastic year over year dividend income growth 😀 Congrats! I received about $500 in July including some some dividends from BNS as well 🙂 But I only have 40 shares so it's not enough to DRIP haha. Oh well, I can build up my position over time and hopefully get to 158 some day too 🙂

    • Reply
      August 7, 2014 at 9:01 pm

      Thanks for visiting Liquid. Yeah we have a bit of shares in BNS because we wanted to DRIP. 🙂

  • Reply
    August 8, 2014 at 11:31 pm

    $630 in dividends for July is incredible. That's why I love reading other blogs as it continues to inspire me in my dividend journey. You know I'm looking at those Canadian banks. I see you own 4 of the 5 major banks. I'm looking to start a position in RY, TD and BNS. Perhaps add CM and BMO down the road. Thanks for sharing.

  • Reply
    No More Waffles
    August 10, 2014 at 12:46 pm

    "Right now the dividend amount we receive is quite small"... Over $600 is nothing to sneeze at Tawcan! Great job and keep it up! I believe your portfolio will start to snowball quite soon now.

    Thanks for sharing your experience. This makes me wanna go ahead with dividend growth investing myself!


    • Reply
      August 10, 2014 at 8:14 pm

      Thanks for the visit NMW. DG investing is very worthwhile. 🙂

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