November dividend update

It’s hard to believe it’s already December. With all the work travels in November, the month seemed to have flown by.

In November, I added $6,500 in our dividend portfolio. Unfortunately the overall stock markets continued the downward trend the past month, so all three positions that I initiated with the $6,500 capital have decrease in price since the purchase. Since I’m a LONG term dividend investor, I’m not worried about the recent drop. I have seem this kind of drop for the past few years and the markets have always recovered. For now, I will continue adding capitals in our dividend portfolio and continue executing our dividend investment strategy. As mentioned already in an earlier blog post, I’ll focus mostly on energy sector stocks for the month of December.

Because I was on the road 3 out of the past 4 weeks, I didn’t pay too much attention to our dividend portfolio. I’ve also ignored this blog a little bit, hence for the lack of update (Sorry dear reader(s)!). I was pleasantly surprised when I tallied up our dividend income for November.

Stocks that we received dividend payment in November:

Apple (AAPL)
Pure Industrial REIT (AAR.UN)
Bank of Montreal (BMO.TO)
Chorus Aviation (CHR.B)
Corus Entertainment (CJR.B)
Dream Office REIT (D.UN)
Energyplus Corp (ERF.TO)
General Mills (GIS)
KEG Income Trust (KEG.UN)
Kinder Morgan (KMI)
Omega Healthcare (OHI)
Liquor Store (LIQ.TO)
National Bank (NA.TO)
Potash (POT.TO)
Procter & Gamble (PG)
Royal Bank (RY.TO)
AT&T (T)
Verizon (VZ)
Telus (T.TO)
TD Bank (TD.TO)
TransCanada Corporation (TRP.TO)

In November we received a total of $827.70 in dividend! I was expecting to receive around $700 so receiving over $800 in dividend income was a nice surprise. 🙂 This is an increase of 74.9% compared to November 2013. I was shocked to see such amazing year-over-year improvement.

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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. I like simple life. 🙂

The biggest dividend contributor in November was Royal Bank with $216

So far in 2014 we have received a total of $7,636.52 in dividend income.

Our goal for this year is to receive $8,000 in dividend income. So far we’ve covered 95.5%. So very close to our annual goal! I’m sure that we will accomplish this goal when the year ends.

I have updated our dividend income page to reflect our October dividend income. You can find our dividend portfolio here.

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