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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55 thoughts on “Dividend Income – June 2015 update”

  1. Tawcan,

    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?


    • 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.

  2. 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.

    • 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.

  3. 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!

    • 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.

  4. 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!

    • 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. 🙂

  5. 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.

    • 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.

  6. 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!



    • 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.

  7. 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

    • 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.

  8. 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.

    • 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.

  9. Tawcan,

    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!


    • Hi Dividend Mantra,

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

  10. Tawcan,

    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.


    • 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.

  11. 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

    • 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. 🙂

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

  13. 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!

  14. 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!

    • 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.

  15. 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?

  16. 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!


    • 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.

    • 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.

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

    • 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?

    • 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.

  18. 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,

    • 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.

    • 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. 🙂


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