Dividend Investing Monthly Dividend Update

Dividend income – April 2015 update

It’s that time of the month where we tally our monthly dividend income. Because we’re enrolled in DRIP for many of our positions, the dividends do not get recorded until much later, hence for not providing the update at beginning of the month.

April was a very successful month when it comes to dividend income. We received dividend income from 23 companies. To be perfectly honest, because we are enrolled in DRIP, sometimes I do not even realize that we own some of these companies. We just leave these stocks on auto-pilot control and allow the dividends to DRIP and compound themselves. It may sound shocking to you but I think companies like BNS, RioCan, Telus, Johnson and Johnson, Proctor & Gamble all fall under this “buy and put on auto-pilot” category.

 

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

Pure Industrial REIT (AAR.UN)
BCE (BCE.TO)
Bank of Nova Scotia (BNS.TO)
Chorus Aviation (CHR.B)
Corus Entertainment (CJR.B)
Canadian Imperial Bank of Commerce (CM.TO)
Canadian Natural Resources (CNQ.TO)
Dream Office REIT (D.UN)
Dream Global REIT (DRG.UN)
Energyplus Corp (ERF.TO)
General Electric (GE)
H&R REIT (HR.UN)
Husky Energy (HSE.TO)
KEG Income Trust (KEG.UN)
Coca-Cola (KO)
Liquor Store (LIQ.TO)
Omega Healthcare (OMI)
Rogers Communications (RCI.B)
RioCan REIT (REI.UN)
Telus (T.TO)
TD (TD.TO)
TransCanada Corp (TRP.TO)

In April we received a total of $866.32 in dividend! Compared to April of 2014 that’s an increase of 43.3%. I know we’ve increased our dividend income quite a bit since last year but I was shocked to see such high YOY increase, especially considering I was only expecting roughly $800 in dividend income for April! The power of compound interest is definitely taking affect and our dividend snowball is getting bigger and bigger as it rolls down the hill.

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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 $3,132.34 in dividend income. This means in the four months in 2015 so far we are averaging $783.08 of dividend income per month. To put that in perspective, if we had a minimum wage job here in BC that pays $10.25 per hour, this means our dividend income has saved us 76 hours of working time per month. If we had a job that pays $20 per hour (that’d be $41,600 in annual salary), it means we’ve saved over 39 hours of time each month. Pretty cool that we’re getting paid while doing absolutely nothing at all right?

Future Portfolio Plans

Looking forward we are trying to save more money so we can take advantage of the TFSA contribution limit increase. Considering the limit has increased by $4,500 this year, it means Mrs. T and I will have an extra $9,000 contribution room to use. We plan to maximize tax favourable vehicles (ie. TFSA and RRS) before we make more investments in taxable accounts.

Some of the stocks that we’re keeping an eye on for this month are:

TD Canada (TD.TO)
Domtar Corp (UFS.TO)
Johnson & Johnson (JNJ)
Diageo (DEO)
Omega Healthcare (OHI)

How was your April dividend income?

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39 Comments

  • Reply
    Income Surfer
    May 11, 2015 at 4:54 pm

    Nice dividend income Tawcan. Plus, 23 companies is great from a diversity perspective. Keep up the good work! It won’t be long until you have your first $1,000 dividend month.
    -Bryan

    • Reply
      Tawcan
      May 12, 2015 at 11:56 am

      Hi Bryan,

      We’re very happy with our progress. Hopefully we’ll hit the $1,000 mark soon.

  • Reply
    HMB
    May 11, 2015 at 6:02 pm

    Amazing growth and dividend income for April. Diversification is really nice too. Keep up the good work!

    – HMB

    • Reply
      Tawcan
      May 12, 2015 at 2:48 pm

      Hi HMB,

      We’re happy with our diversification, hoping to add to more positions.

  • Reply
    FrugalityToFinancialFreedom
    May 11, 2015 at 6:24 pm

    Awesome dividends Tawcan! 23 diversified paying companies with a 43.4% YOY is just outstanding! Thanks for sharing 🙂

    • Reply
      FrugalityToFinancialFreedom
      May 11, 2015 at 6:25 pm

      *43.3% YOY sorry for the typo

      • Reply
        Tawcan
        May 12, 2015 at 2:50 pm

        Hi FrugalityToFinancialFreedom,

        Thanks we’re very happy with our progress so far. Hoping to add more positions in the near future.

  • Reply
    Dan @ Our Big Fat Wallet
    May 11, 2015 at 6:27 pm

    Good stuff, I am also watching TD closely. And of course JNJ is a great stock I plan on holding for the long term. KO is another one I need to look into buying in the future

    • Reply
      Tawcan
      May 12, 2015 at 2:51 pm

      Hi Dan,

      All of these companies that you’ve mentioned are very solid. I would buy them in a heart beat if we have sufficient cash.

  • Reply
    Investing Pursuits
    May 11, 2015 at 6:37 pm

    Congrats on the yoy increase and receiving that much in dividend income. Keep the snowball going and you will reach financial freedom way sooner than you were expecting.

  • Reply
    Scott
    May 11, 2015 at 6:46 pm

    I love reading posts like this. It is really fun to see the strategy working. Can’t wait to get to your level in a few years. Keep up the good work!

  • Reply
    Dividend Hustler
    May 11, 2015 at 7:28 pm

    Hey Tawcan. Awesome progress bud. You and mrs.T is killing it. Keep it up and watch that portfolio keep getting bigger and bigger. We’re all happy for you and it’s nice to be travelling this journey with you. Cheers bud.

    • Reply
      Tawcan
      May 12, 2015 at 2:52 pm

      Hi Dividend Hustler,

      Thanks for your kind words. Hopefully we’ll get to the same dividend income level as you in the near future.

  • Reply
    Dividend Empire
    May 11, 2015 at 8:02 pm

    Wow great month and yoy growth! I’m watching DEO as well and I hope I can add it soon.

    • Reply
      Tawcan
      May 12, 2015 at 2:53 pm

      Hi Divided Empire,

      DEO looks interesting but the evaluation is a little high right now.

  • Reply
    Adam @ AdamChudy.com
    May 11, 2015 at 8:27 pm

    Nice numbers. That list of companies is getting long.

    • Reply
      Tawcan
      May 12, 2015 at 2:53 pm

      Hi Adam,

      We wouldn’t mind the list to get longer. That means even better diversification. 🙂

  • Reply
    Amber tree
    May 11, 2015 at 9:47 pm

    Hey Tawcan,

    Your numbers look really nice. Not working for 39 hours per month, that rocks.
    I hope you can double that soon! Keep the snowball rolling

    Amber tree

    • Reply
      Tawcan
      May 12, 2015 at 2:53 pm

      Hi Amber Tree,

      Not working for 39 hours per month is pretty awesome! 🙂

  • Reply
    Dividend Mantra
    May 11, 2015 at 10:48 pm

    Tawcan,

    Awesome stuff there. And great YOY growth. Keep it up!!!

    Best regards.

    • Reply
      Tawcan
      May 12, 2015 at 2:54 pm

      Hi Dividend Mantra,

      Thanks for your kind words! Definitely hoping to see such awesome YOY growth moving forward.

  • Reply
    Jayson @ Monster Piggy Bank
    May 12, 2015 at 2:49 am

    Seeing your list of stocks that you received dividends in April 2015 is very impressive. That’s really a long one. And I can imagine how much you got from there. Yay! Congrats Tawcan!

    • Reply
      Tawcan
      May 12, 2015 at 2:55 pm

      Hi Jayson,

      Thank you. Hoping to grow the list of companies and dividend income amount to even higher in the future.

  • Reply
    Wealth Gospel
    May 12, 2015 at 3:22 am

    You got to love dividend income! It is like Christmas 🙂

    • Reply
      Tawcan
      May 12, 2015 at 2:56 pm

      Hi Wealth Gospel,

      Definitely! It’s like receiving Christmas gifts but we get dividend income every month instead. What’s not to like?

  • Reply
    Roadmap2Retire
    May 12, 2015 at 5:51 am

    Great progress, Tawcan! Keep up the great work

    R2R

    • Reply
      Tawcan
      May 12, 2015 at 2:56 pm

      Hi R2R,

      Thanks, we hope to continue such great progress.

  • Reply
    Mr. SSC
    May 12, 2015 at 6:18 am

    Awesome list and return on your dividend stocks! Congrats, I can’t wait until ours gets to that size.

    • Reply
      Tawcan
      May 12, 2015 at 2:56 pm

      Hi Mr. SSC,

      We started pretty small years ago too. It just takes time and patience.

  • Reply
    Fervent Finance
    May 12, 2015 at 8:24 am

    Wow the dividend income has climbed a lot since last year. That’s great that the TFSA limits increased so much in 2015!

    • Reply
      Tawcan
      May 12, 2015 at 2:57 pm

      Hi Fervent Finance,

      We certainly are very happy with the TFSA limit increase, hope you’re too.

  • Reply
    RA50
    May 12, 2015 at 12:22 pm

    Tawcan,

    Great month and fatty pay check from the companies you invested in. Great companies potentials as well, especially with Johnson and Johnson.

    Cheers,

    RA50

  • Reply
    Red to Riches
    May 12, 2015 at 6:21 pm

    I just started reading your blog and looking forward to catching up on it and following it in the future.

    Great progress so far, and your watch list is similar to mine.

    Regards

    • Reply
      Tawcan
      May 14, 2015 at 3:42 pm

      Hi Red to Riches,

      Thanks a lot! 🙂

  • Reply
    DivHut
    May 12, 2015 at 8:48 pm

    Roll dividend snowball, roll. A great month with continued impressive year over year growth. A few months ago some of my dividend payments bought whole shares for the first time and I could really see the compounding effect take hold. Imagine actually adding 5, 6, or 7 shares a year or more without contributing a single penny. Can’t wait for my dividends to start buying 20 and 30 shares with each distribution. Look out below… here comes the snowball.

    • Reply
      Tawcan
      May 14, 2015 at 3:43 pm

      Hi DivHut,

      We love rolling that dividend snowball. DRIP is very powerful and it’s great that you’re taking advantage of it.

  • Reply
    B
    May 13, 2015 at 6:27 am

    Hi Tawcan

    That’s a nice 4th year consecutive month of nice dividend income there. Surprised to see that they don’t deviate much in terms of the payout date and amount.

    • Reply
      Tawcan
      May 14, 2015 at 3:44 pm

      Hi B,

      I guess we don’t see much deviation in terms of amount because quite a number of our dividend payments are monthly.

  • Reply
    weenie
    May 16, 2015 at 10:47 am

    Hi Tawcan

    A fantastic dividend total and YOY increase – well done! That snowball is gathering apace!

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