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.

[show-rjqc id=”7"]

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?

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