September dividend update


It's October, that means there are only 3 more months to go before we wrap up 2014. For our household, October also means that Baby T will turn one year old! It's hard to believe that I have been a dad for almost a year. Time sure flies! Raising a human baby and looking after the baby is certainly a lot different than raising our pet cat. Parenthood has brought a lot changes in the last year - sleeping in is a thing of the past and waking up in the middle of the night is not an uncommon occurrence. Baby T has just started walking with assistance. I can't wait until the day when he starts walking on his own and starts exploring the world even more. It brings smiles to my face every time he smiles or laughs at me. I suppose this is the wonderful feeling of parenthood. 🙂

On the financial side of things, the stock market has taken a beating in September and this trend has continued so far in October. Though our dividend portfolio has taken a hit as well, I'm not worried. Remember the European crisis and how the market reacted? Yeah me neither. For now I will continue adding capitals into our portfolio to increase our dividend income. A drop in the stock market is actually a good thing. This means good stocks can be purchased at a lower price. When you're in the accumulation phase, it's always good to be able to initiate positions or add to positions at a lower price point.

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 September we received a total of $638.54 in dividend! This is an increase of 38.9%compared to September 2013.

So far in 2014 we have received a total of $6184.48 in dividend income!

Here are the stocks that we received dividend payment in September

Pure Industrial REIT (AAR.UN)
Chorus Aviation (CHR.B)
Corus Entertainment (CJR.B)
Chevron (CVX)
Dream Office REIT (D.UN)
Enbridge (ENB.TO)
Energyplus Corp (ERF.TO)
Fortis (FTS)
Intact Financial (IFC.TO)
Intel (INTC)
Johnson & Johnson (JNJ)
KEG Income Trust (KEG.UN)
Liquor Store (LIQ)
McDonald's (MCD)
Manulife (MCF.TO)
MCAN Mortgage Corp (MKP.TO)
Qualcomm (QCOM)
Suncor (SU)
Waste Management (WM)

The biggest dividend contributor in September was Manulife with $98.74.

It's very nice to see that we have consistently crossed the $600 mark for the past 3 months. This demonstrates that our dividend approach is working and our hard work is slowly paying off.

Our goal for this year is to receive $8,000 in dividend income. So far we've covered 77.32%. With three more months to go, we need to receive additional $1,814.80 to hit our goal, or $604.93 per month for the rest of the year. I'm hopeful that we can hit this dividend goal for 2014.

I have updated our dividend income page to reflect our September dividend income. You can find our dividend portfolio here.

Did you have a great September too?

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  • Reply
    October 5, 2014 at 5:16 pm

    Wow, heck of a September and great diversification with the number of companies paying your dividends! Love the year to date progress and based on your monthly average it looks like you should be able to clear the $8,000 mark for the year. Given how much it has grown this year, I'm sure next year will be even better!

    • Reply
      October 5, 2014 at 8:59 pm

      Hi W2R,

      Thanks for the kind words. Very looking forward to tallying up our dividend income for this year in December.

  • Reply
    Special Agent Dividend
    October 5, 2014 at 6:51 pm

    Wow, great month! You're racking it up in 2014 and I'm hoping you can reach that dividend goal for the year.

    Congrats on the one year old! We have a one year old as well, and she keeps us busy!! I wouldn't trade it for the world though.

    • Reply
      October 5, 2014 at 9:00 pm

      Hi Special Agent Dividend,

      I wouldn't trade my son for anything. He's keeping us busy but it's so rewarding. 🙂

  • Reply
    October 5, 2014 at 9:11 pm

    Great month. Well over $600 for passive dividend income is a great milestone no matter how you look at it. Glad to see we share several names in our September list. Curious to see how 2014 finishes off for you.

    • Reply
      October 6, 2014 at 1:43 pm

      Hi DivHut,

      Thanks, hoping to hit $700 or even $800 per month mark consistently next year. 🙂

  • Reply
    My Own Advisor
    October 6, 2014 at 3:37 am

    Great work!

    "So far in 2014 we have received a total of $6185.20 in dividend income!"

    Do you try and DRIP most holdings Tawcan? I do, although as you know there are pros and cons with this approach.


    • Reply
      October 6, 2014 at 1:42 pm

      Hi Mark,

      We do try to DRIP most holdings and know there are pros and cons with this approach. For me I want to keep it as simple as possible. DRIPing allows us to just continue compounding the dividend and not worry about the up and down of the daily market.

  • Reply
    October 6, 2014 at 6:35 am

    Wow! A 39% increase from last year?! Thats some seriously awesome progress. Congrats on the dividend income. Keep it up!


    • Reply
      October 6, 2014 at 1:41 pm

      Hi R2R,

      Very excited about this year's progress. Thanks for the kind words.

  • Reply
    October 6, 2014 at 12:12 pm

    Nice to see consistent dividend income. $600 is a strong amount.. Grats on the baby 1 year. Walkin talkin yet? My lil guy turned two couple months ago but he still not talkin yet. He stubborn like me!

    • Reply
      October 6, 2014 at 1:40 pm

      He's babbling and walking assisted. We're looking forward to the day that he'll walk on his own and talk with us. 🙂

  • Reply
    Dividend Digger
    October 6, 2014 at 5:43 pm

    Woah, over $600 in passive income! That ought to cover a good amount of baby supplies 😉 Congrats to another great month of passive income and to a nice 39% increase from the year before. It won't be long before you are free from the rat race and baby T will be writing up stock analyses. 😀



  • Reply
    Dividend Mantra
    October 6, 2014 at 9:33 pm


    Great month right there. And your YTD dividend income total is really impressive. I'm sure you're going to finish strong and have a monster 2015! 🙂

    I hope Baby T has a great little birthday. Sounds like fatherhood is treating you very well.

    Best wishes.

    • Reply
      October 7, 2014 at 7:03 am

      Hi Dividend Mantra,

      Thanks for the kind words. We're looking forward to Baby T's birthday.


  • Reply
    Aldo @ MDN
    October 7, 2014 at 12:15 pm

    That's a pretty nice portfolio you going there. I just started getting dividend paying stocks. We need to build our portfolio slowly because we don't have that much money. But we should be good in a few years... only time will tell.

    • Reply
      October 8, 2014 at 10:25 am

      Hi Aldo,

      I've built the portfolio for a few years now. Rome is not built in one day and neither is our dividend portfolio.

  • Reply
    A Frugal Family's Journey
    October 7, 2014 at 9:58 pm

    Tawcan - Great month and great year-over-year gain! Over $600 in one month is a really impressive passive income stream. I bet you're definitely seeing the compounding effect helping you move that needle up.

    Keep up the great work! Best Wishes. AFFJ

    • Reply
      October 8, 2014 at 10:26 am

      Hi AFFJ,

      Thanks for your kind words. We're definitely seeing the compounding effect. We'll continue harness the power of the compound interest moving forward. Thanks for your kind words.


  • Reply
    October 9, 2014 at 4:57 am

    Wow, great increase from last year and great annual total!

  • Reply
    Weekend Reading - Investments, travel rewards, income updates and more | My Own Advisor
    October 9, 2014 at 3:37 pm

    […] Tawcan listed his dividend income update. […]

  • Reply
    No More Waffles
    October 12, 2014 at 10:07 am

    Great job, Tawcan! Excellent year-over-year increase too! Let's hope for a strong finish this year so you'll reach your goal.

    Hope baby Tawcan had a wonderful birthday,

    • Reply
      October 12, 2014 at 2:18 pm

      Hi NMW,

      Thanks. Very looking forward to see what kind of dividend income we end up with by end of the year.


  • Reply
    Daisy @ Prairie Eco Thrifter
    October 12, 2014 at 1:32 pm

    Happy birthday to your baby! I'm loving this stock market dip right now. I'm taking it as an opportunity to invest more of my savings to take advantage of the buy-low model.

    That's a great dividend for you. Impressive!

    • Reply
      October 12, 2014 at 2:19 pm

      Hi Daisy,

      We're trying to take advantage of the market dip too!

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