Dividend Income Update – January 2015

Wow I can’t believe it’s already the 2nd week of February. Seems to me that January just flew by. Work has been busy as usual but I’m really glad that we’re investing in 50 companies and collecting dividend month over month while we sleep, eat, and go through our usual daily routines. Gotta love doing nothing and still getting paid! 😀

Just like December, January was a busy month for us when it comes to dividend stock purchases. We purchased shares of 6 dividend paying companies and added $415 to our annual dividend income. We are planning to purchase more dividend paying stock in February to add to our annual dividend income.

Without further ado here are a list of stocks that we received dividend payment in January 2015:

Pure Industrial REIT (AAR.UN)
BCE (BCE.TO)
Bank of Nova Scotia (BNS.TO)
Chorus Aviation (CHR.B)
Corus Entertainment (CJR.B)
Canadian Natural Resources (CNQ.TO)
Dream Office REIT (D.UN)
Energyplus Corp (ERF.TO)
General Electric (GE)
H&R REIT (HR.UN)
Husky Energy (HSE.TO)
KEG Income Trust (KEG.UN)
Liquor Store (LIQ.TO)
Rogers Communications (RCI.B)
RioCan REIT (REI.UN)
Telus (T.TO)
TD Canada (TD.TO)
TranCanada (TRP.TO)

In January we received a total of $622.85 in dividend! This is an increase of 31.64% compared to January 2014.

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Please note, when it comes to monthly dividend income, I do not differentiate US and Canadian currencies. To keep the math simple, I’m 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. Interestingly enough, most of the dividend income in January 2015 came from Canadian companies. Well I supposed it’s OK, considering our focus is Canadian dividend investing. Having said that, we do need to add more US and international dividend paying companies to diversify our dividend income.

The biggest dividend contributor in January 2015 was Bank of Nova Scotia with $124.74. That accounts 20% of our January dividend income. I would like the percentage to go down in the future as I don’t like relying too much income on one single company.

Over $600 in dividend income for beginning of the year is good but we were aiming to receive $700 in January. Looks like we have a bit of work to do. Time to save up more money and purchase more dividend paying stocks!

I’m not sure about you but we’re loving the recent volatility across the stock markets. It means having more opportunities to add to existing positions, or add new positions. I hope the volatility will remain for a little longer as we would love to add to more energy sector stocks into our dividend portfolio. I mentioned a list of dividend stocks we’re monitoring in this recent post. We haven’t pulled any triggers yet but will do so when the opportunity comes.

How was your January? Did you have a great month when it comes to dividend income?

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36 Comments

  • Reply
    Dividend Hustler
    February 10, 2015 at 4:07 pm

    Awesome month Tawcan! Feels wicked. I’m very happy for you my friend. That’s friggin fantastic. Keep up the great work. Much love. Tyler.

    • Reply
      Tawcan
      February 11, 2015 at 10:45 am

      Hi Tyler,

      Thanks for your kind words. We have a bit of catching up to do compare to you though. 🙂

  • Reply
    My Own Advisor
    February 10, 2015 at 5:23 pm

    Awesome work!

    I need to do my income update soon!

    Mark

    • Reply
      Tawcan
      February 11, 2015 at 10:45 am

      Hi Mark,

      I look forward to your dividend income update.

  • Reply
    Adam
    February 10, 2015 at 6:44 pm

    Awesome month. I see some companies on that list I need to look in to.

    • Reply
      Tawcan
      February 11, 2015 at 10:46 am

      Hi Adam,

      There are too many good companies out there to invest and be part owner.

  • Reply
    Captain Dividend
    February 10, 2015 at 7:52 pm

    That 31.64% YOY growth beats me by a tad, great job. You’ll be at $700 soon enough.

    • Reply
      Tawcan
      February 11, 2015 at 10:49 am

      Hi Captain Dividend,

      We should be able to get $700 per month in other months. January has typically be a slower month when it comes to dividend income. With more money invested we should be over $700 by next January.

  • Reply
    NRG
    February 10, 2015 at 8:15 pm

    Another great start to another year Tawcan. I found it necessary to clean house and dumped a couple of stocks namely Chesswood , Rifco and Avigilon. I repaced those with Stella Jones, and Badger Daylighting, I also took positions in Evertz Tech., Potash, Corby Wine and Spirits, and Newalta. Total Dividends for Jan. were just over $4000. I have 16 months until retirement and am saving all of my paycheck and living off the spouses income.

    • Reply
      Tawcan
      February 11, 2015 at 10:50 am

      Hi NRG,

      Wow $4000 in dividend is pretty awesome. That kind of monthly income is definitely something we’re working toward. Thanks for sharing your progress.

  • Reply
    writing2reality
    February 10, 2015 at 8:28 pm

    Dang… crushing it right out of the gate. You’ve added the $400 in forward dividends, which is just amazing to begin with, and rounded things up with a $600+ dividend month. Solid start and a few more months of additions like this past one will absolutely get you to where you want to be quite quickly!

    • Reply
      Tawcan
      February 11, 2015 at 10:51 am

      Hi W2R,

      Definitely looking to add more capital into our dividend portfolio. This year will be a huge year for us.

  • Reply
    Jeff
    February 10, 2015 at 8:54 pm

    Very nice income for January Tawcan! January tends to be slower than most of the other month in terms of dividends but your income was solid. I think this awesome start to the year only goes to show how exceptional the other months will perform. I’ll be building my dividend portfolio soon as well. 🙂

    It seems like BNS is still trading at a slight discount, I’ll start by looking to pick up some shares.

    • Reply
      Tawcan
      February 11, 2015 at 10:55 am

      Hi Jeff,

      Very true about January being a slower month. If I look at our dividend breakdown from other years, we received the lowest amount of dividend in January as well. I guess we should maybe look into adding more stocks that pay dividend in January.

  • Reply
    Dividend Mantra
    February 10, 2015 at 9:28 pm

    Tawcan,

    Another excellent month. I don’t know how anyone couldn’t be happy with more than $600 in passive cash flow hitting the account. Fantastic result and great YOY growth. Keep it up!

    Best regard.

    • Reply
      Tawcan
      February 11, 2015 at 10:55 am

      Hi Dividend Mantra,

      While I’m happy with the dividend income in January I was hoping to earn a little higher. Well a guy can dream I guess. 🙂

  • Reply
    Asset Grinder
    February 10, 2015 at 10:05 pm

    I do 1 to 1 for my dividends too. Almost impossible to adjust values with fluctuating currency rates. Looking like a strong month year over year buddy. Keep on grinding!

    • Reply
      Tawcan
      February 11, 2015 at 10:56 am

      Hi Asset Grinder,

      A 1 to 1 conversion is just simpler. I think it gives you a true value of exactly how much you’re receiving. Currency rates just fluctuate too much month over month.

  • Reply
    Dividend Legion
    February 11, 2015 at 2:32 am

    Tawcan,

    What a start to the year! Your monthly income is getting pretty close to a level you could probably survive on…just about. In no time it’ll be well into 4 figures per month. Great stuff – this is very inspiring!

    DL

    • Reply
      Tawcan
      February 11, 2015 at 10:59 am

      Hi Dividend Legion,

      We still have a bit of work to do before dividend income can cover our monthly expenses. This is a good start though.

  • Reply
    BeSmartRich
    February 11, 2015 at 4:38 am

    Excellent job. $600 of free money will compound in the future. I can’t say no to that Haha. Keep up the great work Tawcan. I have some catch up to do:)

    BeSmartRich

    • Reply
      Tawcan
      February 11, 2015 at 11:00 am

      Hi BeSmartRich,

      Can’t say no to free money, especially money that we didn’t need to active work for. 🙂

  • Reply
    Holly@ClubThrifty
    February 11, 2015 at 6:18 am

    Great job on your dividend income! That’s pretty awesome.

    • Reply
      Tawcan
      February 11, 2015 at 11:00 am

      Hi Holly,

      Thank you for your kind words.

  • Reply
    B
    February 11, 2015 at 8:28 am

    Hi Tawcan

    Thats a huge year on year increase there and great job for persisting in the strategy.

    • Reply
      Tawcan
      February 11, 2015 at 11:01 am

      Hi B,

      Persistence and patience will eventually win the game in the long run. Thanks for your kind words.

  • Reply
    Roadmap2Retire
    February 11, 2015 at 8:30 am

    Wow! Looks like an awesome month again. Those dividends are piling up and are reliable as hell. Congrats on the dividend income – looking forward to see where you will invest next.

    R2R

    • Reply
      Tawcan
      February 11, 2015 at 11:02 am

      Hi R2R,

      The dividends are certainly piling up. It’s like a snowball rolling down the hill getting bigger and bigger. It’s a great feeling to have.

  • Reply
    Dividend Gremlin
    February 11, 2015 at 10:04 am

    Tawcan,

    Over $600 is pretty awesome, even if you were going to $700. Plus the new investments, seems like its going good up there. Even if 20% is from BNS!

    I too am enjoying the volatility. Its making Loyal3 very useful with some falling down right into the sweet spot.

    Hopefully it continues,
    Gremlin

    • Reply
      Tawcan
      February 11, 2015 at 11:05 am

      Hi Dividend Gremlin,

      Volatility is great when you’re building up your portfolio. Maybe not so much when you’re in retirement… but we’re not there yet so nothing to worry about. 🙂

  • Reply
    Seraph
    February 11, 2015 at 12:50 pm

    Very nice month, especially considering that January is usually lighter on the dividends! Combined with the $415 in forward dividends you added, $700 shouldn’t be too hard to hit in the coming months! 🙂

    • Reply
      Tawcan
      February 12, 2015 at 2:34 pm

      Hi Seraph,

      It’s very true that January dividend is usual lighter. We should be able to hit $700 in other month.

  • Reply
    Jayson @ Monster Piggy Bank
    February 12, 2015 at 3:07 am

    Very impressive income, Tawcan. I wonder how I can pull that amount off. You’re incredible! Good luck on your February!

  • Reply
    Passive Income Mavericks
    February 15, 2015 at 5:15 pm

    Tawcan,

    That’s really awesome! $600+ is going to roll down the stream even faster.

    Keep the good progress going!

    Best,
    PIM

  • Reply
    The Lion's Shares
    February 18, 2015 at 10:51 am

    WOW! That’s a great start to the year. Keep on reinvesting those dividends and adding to your portfolio; you’ll keep having a 30% year over year increase in dividend income!

  • Reply
    weenie
    February 20, 2015 at 6:27 am

    Great YOY increase there Tawcan, what a fantastic start to the year!

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