Dividend Income – March 2015 Update

It’s that time of the month again! Now, please excuse me for a minute so I can get off the chair and dance around like Dilbert and Willy for doing absolutely nothing and still getting paid. Boom Shakalaka! Although our monthly dividend income is still quite small compared to the salary income from our 9-5 jobs, I actually get more excited when tallying our monthly dividend income than getting the pay cheque every 2 weeks. Yes call me weird but it’s hard not to get excited when our money is working hard for us and getting us one step closer to financial independence. I look forward to the day where our dividend income overtakes our working income.

For some reason, March felt longer than 31 days. It’s probably because work had kept me pretty busy. On top of the demanding projects that I was dealing with, my workload doubled when I had to cover my manager while he was on vacation. Luckily, I weathered the storm and did a good job to make sure that all the project milestones were met and kept all the customers relatively happy. It was also good to have Mrs. T to remind me that there’s life outside of work and that I needed to spend quality times with her and Baby T. Bay T is learning more and more things each day at 17 months old. He is now walking everywhere (still stumbling around here and there) and saying more and more words. It’s pretty amazing to be greeted by a smiling Baby T when I come home each day. This is why it’s important to have a work life balance. There are more important things in life than work and we are simply not programmed to work 80 – 100 hours a week.

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

Pure Industrial REIT (AAR.UN)
BP (BP)
Chorus Aviation (CHR.B)
Corus Entertainment (CJR.B)
Canadian National Railway Company (CNR.TO)
ConocoPhillips (COP)
Chevron (CVX)
Dream Office REIT (D.UN)
Enbrdige (ENB.TO)
Energyplus Corp (ERF.TO)
Evertz Technologies (ET.TO)
Fortis (FTS.TO)
H&R REIT (HR.UN)
Intact Financial (IFC.TO)
Intel (INTC)
Johnson & Johnson (JNJ)
KEG Income Trust (KEG.UN)
Liquor Store (LIQ.TO)
McDonald’s (MCD)
Manulife Financial (MFC.TO)
MCAN Mortgage Corporation (MKP.TO)
Qualcomm (QCOM)
RioCan REIT (REI.UN)
Saputo (SAP.TO)
Suncor (SU.TO)
Unilever (UL)
Waste Management (WM)

In March we received a total of $775.53 in dividend! Compared to March of 2014 that’s a decrease in dividend income. However because we received a large amount of special dividend in March 2014, the dividend income for March 2014 was abnormally high. If we take out the special dividend amount, we see an increase of 20% YOY!

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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 $2,306.02 in dividend income. That’s an increase of 6% compared to the first three months of 2014. A 6% increase is very respectable considering that we received an abnormally high amount of special dividend in Q1 of 2014. We are very happy with our progress and it will be interesting to see what our total dividend income would be at end of the year.

Looking forward, we are still trying to decide what to do with fresh capital in our RRSP accounts – whether to convert to US dollar and purchase US dividend stocks or keep it in Canadian dollar and purchase Canadian dividend stocks. I guess you’ll have to check back to see what our decision is. 🙂

I have updated our dividend income page to reflect the March dividend income.

Written by Tawcan
Hi I’m Bob from Vancouver Canada, I am working toward joyful life and financial independence through frugal living, dividend investing, passive income generation, life balance, and self-improvement. This blog is my way to chronicle my journey and share my stories and thoughts along the way. Stay in touch on Facebook and Twitter. Or sign up via Newsletter