Dividend Income – June 2015 update

I can’t believe that 2015 is already half way over. It felt like it was yesterday when Mrs. T, Baby T, my parents, and my brother were sitting in front of the Christmas tree, opening gifts and celebrating Christmas. Time sure flies by when you’re having fun! I’ve encountered a number of changes so far this year. Baby T is learning new things every day, speaking more and more words, and gaining more and more skills. He can understand 3 different languages and can speak words from 3 different languages. Pretty impressive for a 20 month old! Hopefully this will help him with able to learn even more languages as he grows up. Mrs. T’s cousins are fluent in 5 languages and one of them is just about to learn Italian. I’m always impressed to see them switching from one language to another flawlessly.
Another change has to do with my job change a few months ago. I’m still with the same company but moving to a different department, allowing me to expand my skill sets. I’ll be with the same company for 9 years and it’s interesting to know this is my 4th job position. This is my way of making sure I’m always learning and challenging myself. I believe that when we get too comfortable we start losing ambitions and stop challenging ourselves to be better human beings. I need to keep myself motivated.
The other change for me is that I’m reading some very interesting self improvement books. This is my way of growing as a human being and trying to improve myself. I’m learning a lot from these books and this is probably I’m writing some thought provoking blog posts. 🙂

For half of June the family spent time in northern Europe visiting Mrs. T’s family and friends. I’ve been submerged in non-English conversation every day and I’m slowly picking up a few things here and there. We’re spending a few more weeks in July in the Viking country and it’s always great to know that we’re receiving dividend income by simply owning various businesses. Not only am I getting paid by my work while on vacation, I’m getting paid by dividend income as well, gotta love dividend income!

When it comes to forward dividend income, we’ve made some excellent progress so far in 2015. We’ve added a number of solid dividend paying companies. Some of these companies have higher dividend yields to provide initial income, while some have lower dividend yields but very high dividend growth rates. Here are all the purchases that we’ve made so far in 2015

25 shares of TransCanada Corp (TRP.TO)
50 shares of Saputo (SAP.TO)
85 shares of Evertz Technologies (ET.TO)
70 shares of Telus (T.TO)
55 shares of Dream Office REIT (D.UN)
70 shares of H&R REIT (HR.UN)
24 shares of Bank of Nova Scotia (BNS.TO)
30 shares of Canadian Natural Resources (CNQ.TO)
54 shares of TD (TD.TO)
210 shares of Dream Global REIT (DRG.UN)
20 shares of Royal Dutch Sehll (RDS.B)
15 shares of Agrium Inc. (AGU.TO)
79 shares of Canadian Impreial Bank of Commere (CM.TO)
32 shares of Domtar Corp (UFS.TO)
57 shares of West Jet (WJA.TO)
74 shares of Inter Pipeline (ILP.TO)

All these purchases added $1,454.03 into our annual dividend income. While we’re very happy with these purchases, we would like to add more US or international stocks to diversify our exposure to Canadian economy. We’ll definitely need to work on this diversification goal a bit more for the rest of the year.

Anyway, without further ado, here’s a list of stocks that we received dividends in June 2015:

Pure Industrial REIT (AAR.UN)
Chorus Aviation (CHR.B)
Corus Entertainment (CJR.B)
Canadian National Railway (CNR.TO)
ConocoPhillips (COP)
Chevron (CVX)
Dream Office REIT (D.UN)
Dream Global REIT (DRG.UN)
Enbridge (ENB.TO)
Energyplus Corp (ERF.TO)
Evertz Technologies (ET.TO)
Fortis (FTS.TO)
Intac Financial (IFC.TO)
Intel (INTC)
Johnson & Johnson (JNJ)
KEG Income Trust (KEG.UN)
Liquor Store (LIQ.TO)
McDonald’s (MCD)
MCAN Mortgage Corporation (MKP.TO)
Qualcomm (QCOM)
Royal Dutch Shell (RDS.B)
Suncor (SU.TO)
Waste Management (WM)
WestJe (WJA.TO)

In June we received a total of $770.03 in dividend! Compared to June of 2014 that’s an increase of 41.7%! Considering in May we had the worst YOY growth at 10.2%, I was pleasantly surprised to see such high YOY growth in June. I’m very ecstatic to see such impressive YOY growth. Are we going to see 40+% YOY increase in 2016? I guess we’ll have to wait and see. 🙂 A 40% YOY growth would put us over $1,000 for June 2016. Needless to say, both Mrs. T and I would be very happy if we can get $1,000 or more in dividend income in June 2016.

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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.

I feel truly blessed to receive money from a total of 27 companies this month. If you see it from a different perspective, this is like receiving paycheques from 27 different jobs. Having diversified income streams is one of the things we must work on as we journey toward financial independence.

So far this year we’ve received a total of $4,746.89 in dividend income. That’s a pretty awesome amount of money for doing absolutely nothing!

How as your June dividend income? Did you receive dividend from the same companies as us?

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  • Reply
    My Road to Wealth and Freedom
    July 10, 2015 at 6:15 am

    That’s some pretty impressive monthly dividend income Tawcan. I’m happy to see this summer market correction. It makes the cost of purchasing that dividend income a whole lot cheaper. Happy buying!

    • Reply
      July 10, 2015 at 7:58 am

      Hi My Road to Wealth and Freedom,

      We’re happy to see the summer market correction as well, one problem though, not having enough cash to go on a shopping spreed. 🙂

  • Reply
    July 10, 2015 at 6:45 am

    Wow, 40% growth is amazing. I’m looking forward to the day my monthly average to exceed $1000. But it might not happened, it doesn’t have to happen to reach financial freedom. As long as the passive income cover my expenses.

    As of now I don’t have any oil and gas companies, but the pullback was short live, the market is up close to 300 points. I’d like to add more of the energy sector. They are paying more now as the price is still 30-75% lower than the all time high?!looking for the cue from nuclear talks,

    • Reply
      July 10, 2015 at 7:59 am

      Hi Vivianne,

      There are many other passive income streams, so you’re right that dividend income doesn’t have to cover all of your expenses.

  • Reply
    Alexander @ Cash Flow Diaries
    July 10, 2015 at 7:19 am

    Wow! That is a really sweet dividend payout. Congrats on that! And that is amazing your 20 month old can understand and speak 3 different languages! That is one smart kiddo!

    • Reply
      July 10, 2015 at 8:00 am

      Hi Alex,

      He’s speaking words from 3 different languages which I’m pretty impressed. What’s even more impressive is the fact he seems to understand all 3 languages being spoken to him. We’ll have to wait and see what happens to being fluent on all 3.

  • Reply
    July 10, 2015 at 7:49 am

    Hi: I really enjoy reading your posts. One suggestion: Can you separate the US holdings and dividends from the Canadian ones? Regards.

    • Reply
      July 10, 2015 at 8:01 am

      Hi Helen,

      Thanks for the suggestion, will keep this in mind for the next update. You want me to list the US holdings separately from the list of stocks? And provide US and CAN amount in the total dividend received?

  • Reply
    July 10, 2015 at 7:50 am

    First off awsome Picture, as an engineer Dilbert is my hero. Secondly awsome dividend income, One day I hope to be there as well.



    • Reply
      July 10, 2015 at 8:02 am

      Hi Pat,

      Dilbert is totally awesome, he’s my hero too. Slow and steady wins the game, that’s how we’re building our dividend income.

  • Reply
    July 10, 2015 at 8:27 am

    Wonderful results. Thanks for sharing. Proves that dividend investing works.

    • Reply
      July 13, 2015 at 6:16 am

      Hi Div4son,

      Dividend investing definitely works and you can see results very quickly.

  • Reply
    July 10, 2015 at 8:47 am

    Wow! Thats amazing progress, Tawcan.

    Thats a big chunk of money going to work for you in June…and congrats on the div income topping $770. I dream of reaching a point where I can earn that kind of income on a regular basis. Very inspirational…keep up the great work!


    • Reply
      July 13, 2015 at 6:17 am

      Hi R2R,

      Thanks, hoping for the continue increase in the future. Definitely need to invest more capital into our dividend portfolio in order to achieve that.

  • Reply
    Prudence Debtfree
    July 10, 2015 at 10:05 am

    Having just paid off all of our non-mortgage debt (following Dave Ramsey’s plan), we’re gearing up for more savings and investments. I’m impressed with your dividend income. How sweet is that?! I need a basic education in dividends. Do you have a resource to suggest for beginners? A book or an article?

  • Reply
    Adam @ AdamChudy.com
    July 10, 2015 at 10:08 am

    Impressive numbers as always. Keep up that grind!

    • Reply
      July 13, 2015 at 6:20 am

      Thanks Adam, you’re doing great yourself too.

  • Reply
    July 10, 2015 at 6:13 pm

    Congrats on some solid growth Tawcan! $770 in one month and 40% YoY growth is fantastic. We had a similar 37% increase YoY and while I’d love to repeat that in June 2016 I don’t expect to. Would love to bump it up to the $1k mark though. Keep up the good work!

    • Reply
      July 13, 2015 at 6:21 am

      Hi JC,

      Thanks. Bumping it up to the $1K mark would be our next milestone. It might be getting harder and harder getting these 40+% YOY growth though.

  • Reply
    Captain Dividend
    July 10, 2015 at 7:04 pm

    Wow, that’s amazing YOY growth. You’ve been putting a lot of money to work and it’s paying off. Keep it up and good luck with your new position!

    • Reply
      July 13, 2015 at 6:22 am

      Hi Captain Dividend,

      Thanks, definitely need to work on putting more money to work hard for us.

  • Reply
    Jayson @ Monster Piggy Bank
    July 10, 2015 at 7:19 pm

    You again impressed me with your dividend income, Tawcan. Consistency is what you got here! Congrats again!

    • Reply
      July 13, 2015 at 6:22 am

      Hi Jayson,

      Thanks. Slow and steady wins the game. 🙂

  • Reply
    July 10, 2015 at 8:06 pm

    I’ve always found it amazing when people know more than 3 languages. Also, a child’s ability to learn new languages never ceases to astound. On the investing front, you’ve done very well thus far and it looks like you’ve had an outstanding June. I remember vacationing in March and getting paid dividends the whole time. It’s a great feeling for sure. Thanks for sharing.

    – HMB

    • Reply
      July 13, 2015 at 6:23 am

      Hi HMB,

      Children can pick up languages a lot easier than adults. Also when you know more than one language, it becomes easier to pick up another language. Getting paid while on vacation is an awesome feeling. 🙂

  • Reply
    Dividend Diplomats
    July 10, 2015 at 9:07 pm


    Holy crap! That’s a TON of different companies/entities that is delivering you a check this past month, incredible. I see we share a few names up there in – Intel JNJ Mcdonalds and Shell. You are crushing it and can see you doing the same going forward, NICE.


    • Reply
      July 13, 2015 at 6:24 am

      Hi Lanny,

      Would love to add more to JNJ, McDonald’s and Shell, that’s why we’re working on putting more money to work hard for us.

  • Reply
    My Own Advisor
    July 11, 2015 at 5:08 am

    That’s some MAJOR buying already. Lil’ doubt why your dividend income has grown so much. Keep up the great work!

    • Reply
      July 13, 2015 at 6:24 am

      Hi Mark,

      Thanks, hopefully we can do just as many buys the second half of 2015. We’ll have to wait and see.

  • Reply
    Dividend Mantra
    July 11, 2015 at 11:36 am


    Congrats on another incredible month over there. You’re putting away a lot of fresh capital all the time, which means your YOY growth should remain pretty solid for a while, even as your totals grow.

    Keep up the fantastic work!


    • Reply
      July 13, 2015 at 6:25 am

      Hi Dividend Mantra,

      You’re putting a lot of fresh capital on buying stocks too. Keep up the great work yourself too.

  • Reply
    July 11, 2015 at 1:03 pm

    Another great month; the amount you are buying will help your growth no end 🙂

    • Reply
      July 13, 2015 at 6:25 am

      Hi Nicola,

      Thanks, we are looking to fruit of our labour in the next few months.

  • Reply
    Investing Pursuits
    July 11, 2015 at 5:53 pm


    Congrats on the incredible month of dividend income and the increase YOY.

    • Reply
      July 13, 2015 at 6:26 am

      Hi Investing Pursuits,

      Thanks, I was very surprised about our YOY increase for the month of June. Might be harder to get this kind of YOY growth for next year but we’re always up for a challenge.

  • Reply
    Dividend Hustler
    July 11, 2015 at 8:52 pm

    Awesome progress Tawcan. You and Mrs. T are doing wonderful. Keep it up and keep hustling it up!! Enjoy baby T. Thank you for sharing and always a pleasure stopping by. Take care my friend.

    • Reply
      July 13, 2015 at 6:26 am

      Hi Dividend Hustler,

      Thanks, you keep hustling hard yourself too.

  • Reply
    A Frugal Family's Journey
    July 11, 2015 at 10:41 pm

    Congrats on yet another awesome month Tawcan! Your year-over-year growth of almost 42% is quite impressive. But then again, your commitment to growing your passive income stream is certainly evident in amount of capital you are putting to work for you each and every month. Adding roughly $1,450 of passive income to your portfolio in just the first half of the year is an awesome feat. Keep up the great work!

    Best wishes and continued success on your journey. AFFJ

    • Reply
      July 13, 2015 at 6:28 am

      Hi A Frugal Family’s Journey,

      Thanks, we’re extremely happy to be able to add $1,450 of dividend income this year already. If we can add similar amount in the second half of the year we’d be extremely happy.

  • Reply
    Jason @ Islands of Investing
    July 11, 2015 at 11:28 pm

    Hey Tawcan,

    That’s an incredible result on the dividends, and a level I’m still aspiring to. Keep that awesome momentum going!

    Would love to hear more about the books you’ve been reading – I’ve been reading my fair share of personal development books too, so keen to hear if there’s any you highly recommend!



    • Reply
      July 13, 2015 at 6:29 am

      Hi Jason,

      I’ll have to share on a post about some of the personal development books that I’ve been reading. Would love to hear books that you’ve been reading too.

  • Reply
    July 12, 2015 at 1:40 am

    Awesome passive income, awesome total for half of 2015 and awesome year over year growth. What more can you ask for. Keep planting those dividend seeds and enjoy reaping the future rewards.

    • Reply
      July 13, 2015 at 6:29 am

      Hi DivHut,

      Planting those dividend seeds are fun to do and it’s something Mrs. T and I enjoy doing very much. We’re waiting for these seeds to grow into huge dividend trees.

  • Reply
    Mr. SSC
    July 12, 2015 at 8:24 pm

    That’s a great dividend income! Every time I bring it up with Mrs. SSC (outside of the stocks we own that are dividend paying) as to whether we should be in more dividend stocks or not, she reminds me we’re better off wiating to switch until we pull the trigger and hit our FFLC (fully funded lifestyle change) date. We did about $5000 so far this year in dividend income though. That’s better than a poke in the eye with a sharp stick. 🙂
    Holy heck, 3 languages at 20 months is amazing! That’s awesome!

    • Reply
      July 13, 2015 at 6:32 am

      Hi Mr. SSC,

      Waiting till FFLC is a good idea but you may be losing out on the potential opportunity cost of not investing money in dividend paying stocks. When is the right time? That really depends on your situation. If I were you I’d deploy the capital whenever I can to avoid second guessing myself. 🙂

  • Reply
    July 13, 2015 at 12:23 pm

    Hi Tawcan,

    Seems you had a great month! Keep pushing that snowball.


  • Reply
    July 14, 2015 at 3:10 pm

    Hi Tawcan

    A fantastic month of dividends, all the more sweeter as they were paid out while you were enjoying your holiday! Great progress!

    Very impressed that Mrs T’s cousins are fluent in 5 languages – I have cousins who are fluent in 4 languages, I myself am fluent in just two. My niece who’s 8 is close to being fluent in 3 and my sis is contemplating getting her to learn a couple more!

    • Reply
      July 15, 2015 at 9:44 am

      Hi Weenie,

      Thanks. I’m always impressed with people knowing more than 2 languages. I only know 2 myself fluently but know a few other languages.

  • Reply
    Uncle Cheese-it
    July 29, 2015 at 10:27 pm

    Awesome dividend payout! congrats and keep us posted.
    On a side note, 3 languages for a 20 months may sound impressive for us, but not for him. Kids under 8 can learn languages effortless. This is actually the best time for him to learn, he will acquire a native accent (which is practically impossible for adults to do). Music is also great way to help your child learn words and phrases in the new language.

    • Reply
      July 30, 2015 at 8:40 am

      Hi Uncle Cheese-it,

      Yup, kids under 8 can absorb a lot, especially when it comes to languages. That’s why we’re trying to get Baby T submerged in as many languages as possible.

  • Reply
    Dividend Clockwork
    August 10, 2015 at 7:06 pm


    A 41% year-on-year raise is absolutely remarkable. This article gives me additional hope moving forward. I agree with your position on diversification, which is always important when building an income producing portfolio. Just out of curiosity, what stocks are on your radar right now?


    • Reply
      August 17, 2015 at 8:04 am

      Hi DC,

      Start slowly and build your dividend empire. Rome wasn’t built in one day and neither should be your dividend portfolio/income.

      I have too many stocks on my radar right now to list them all. Hoping for the continue market volatility so we can purchase stocks on a bit of a discount.

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