Between signing all the property related legal documents, packing, moving, unpacking, and planning a birthday party for Baby T, October flew by quickly. November will be a busy month for me due to all the work trips. I will be traveling to Europe, California, and Japan on three different work trips. While I don’t like the idea of leaving Mrs. T and Baby T at home, I’m looking forward to all the opportunities that will arise from these trips. This is also a great way to rack up credit card reward and frequent flyer points.
October was another volatile month when it comes to the stock markets. Price of crude oil continued to drop which had a negative affect to the stock price of many energy companies. Thanks to the volatility, I was able to use some capitals to purchase Suncor and BP shares. The transactions added $88.08 into our annual dividend income.
Although my primary investment strategy is dividend growth investment, I also allocate a small amount of capitals for growth and index investments. I have not written about these transactions on this blog yet but perhaps I will in the near future. In late October I have finally become a shareholder of Berkshire Hathaway (B shares only, I wish I can afford A shares). It felt great to know that the legendary Warren Buffet is helping Mrs. T and I in managing and growing our money.
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. 🙂
My goal of writing these monthly dividend income updates is to keep track of our overall dividend income progress. Furthermore, I hope to provide inspiration for any new investors that are just starting out on the dividend growth investment journey.
Stocks that we received dividend payment in October:
Pure Industrial REIT (AAR.UN)
BCE Inc. (BCE.TO)
Bank of Nova Scotia (BNS.TO)
Chorus Aviation (CHR.B)
Corus Entertainment (CJR.B)
Dream Office REIT (D.UN)
Energyplus Corp (ERF.TO)
General Electric (GE)
H&R REIT (HR.UN)
KEG Income Trust (KEG.UN)
Liquor Store (LIQ.TO)
Coca Cola (KO)
Rogers Communications (RCI.B)
RioCan REIT (REI.UN)
TD Bank (TD.TO)
TransCanada Corporation (TRP.TO)
In October we received a total of $624.34 in dividend! This is an increase of 22.7% compared to October 2013. I’m very happy to see such great year-over-year improvement and hope to continue such growth in 2015.
The biggest dividend contributor in October was Bank of Nova Scotia with $104.28.
So far in 2014 we have received a total of $6,808.82 in dividend income.
Our goal for this year is to receive $8,000 in dividend income. So far we’ve covered 85.24%. Looking at the historical monthly dividend incomes, I expect that we will be receiving over $600 in dividends in both November and December. I’m convinced that we can reach this goal.
Looking forward, I expect to continue adding capitals in our non-registered accounts in November and December. The additional capitals and reinvestment of dividends will help us in getting more dividend income in 2015.
I have updated our dividend income page to reflect our October dividend income. You can find our dividend portfolio here.
34 thoughts on “October dividend update”
I’m very impressed with how consistently high your monthly dividends are. There’s no such thing as a bad month for you!
Congratulations on another YOY increase, and a step closer to your 2014 Goal. It looks like you’ll be very close indeed. I’m excited for you.
Keep up the good work my friend.
Holy crap!?! That is a great month and you are crushing 2014! I know how you feel about traveling – that’s a lot of time away from your loved ones. I need to establish a relationship before I start to travel again… it’s hard to do that when you are always on the road.
But congratulations on the oil stock purchases as well as a hefty month. Your 2015 is going to be awesome.
I’m just getting started with my blogging career due to inspiration from bloggers such as yourself. Nice progress in 2014! I look forward to you hitting (and surpassing) the $8K mark very soon. Take care.
Flight to Dividends Blog
Congrats on almost reaching your $8,000 goal, Tawcan! Only two more months and I’m sure you’re going to make it. It’s great to see your income grow so much YOY, gives me a lot of motivation to keep going myself.
And I’m happy to be a fellow BP shareholder as of last month too!
Keep it up, pal!
I’ll have to pick your brains in person about dividend stocks one of these days!
Great job T! That’s a big increase YoY considering you were already working with a really solid base last year. I’m jealous of your dividends. That’s a huge amount and with 2 more months to go it’s just going to be even bigger.
Solid month! I wish you luck on hitting your income goal, it looks like you should have no trouble doing so. If I ever added another bank, BNS is very high on that list.
Cracking $600 for the month of October is a super solid figure. Happy to be a fellow BNS shareholder with you as well. I just received my first dividend from them as this was a newer addition to my ROTH account along with TD, RY and UL. Love the cartoon too! Thanks for sharing your recent dividend update with us. Look forward to your continued progress.
Hey, I recognize that chart. Same colors and everything! 🙂
Great job on the dividend income. Looks like you’re having a fantastic year, which of course will only add to your success in 2015 and beyond as those dividend reinvest and compound.
Keep up the great work!
Hi Dividend Mantra,
I guess I should have tweaked the colour a little bit so it doesn’t look the same as yours lol.
Very nice Tawcan! I hope those business trips go well as well. I haven’t even considered tracking my monthly dividends, I am more concerned about the annual forward dividend income at this point. I don’t have thousands rolling in a year yet to make it worthwhile :). I just tried glancing at mine to see where I am at, but DE wasn’t loading… anyways I don’t think I am even at $500 in a year yet. Maybe this will be more exciting for me when I have $100 a month rolling in.
I track my forward looking dividend income as well but haven’t wrote any posts about it. Maybe I should in the future. Thanks for the suggestion.
Very nice month and 8k in dividend income is right around the corner for you. I hope to get to that level someday. Any idea on how much money you will need on an annual basis from dividends in order to retire?
Hi Dividend Mongrel,
In terms on how much money we need on an annual basis from dividend to retire will depends on what we want to do during retirement. If we want to continue contributing capitals into our dividend portfolio, that number will be higher. If we just need our worry about our necessaries than maybe around $35k or so? This number may change since our expenses may change slightly once Baby T grows up and we have another kid.
I hope to post my October update next week.
You’re doing very well, although I would agree, USD $$ and CDN $$ dividends not 1:1. 🙂
Travel safe and enjoy!
Thanks for your kind words. Very excited about our dividend income progress. If I were to convert the currencies I’d have to go back and do the same for other years. It’s just too messy for me. 🙂
Love the Dilbert pic!
Well done on a great month – looks like you’ve pretty much got your $8k target for the year sewn up!
All the best for your trips – hope you get some time to explore the different places and get to see some sights (on company expenses!).
I used to travel a lot for my job (around Europe). These days, it’s just the occasional trip down to London, so not very exciting!
I love that Dilbert pic, it describes passive income so well. I will try to have some fun at my trips. There are a lot of meetings scheduled that’s for sure.
Great job! Love that Dilbert pic. Describes DGI very well. And me at my day job, but you didn’t hear me say that 🙂
LOL DividendDeveloper you’re too funny! 😉
That Dilbert panel is so fitting for these kinds of posts, hahaha.
Now that you are a Berkshire shareholder, are you planning on attending the annual shareholders’ meeting in 2015? 🙂
Fantastic progress. Good luck on passing $8,000!
I’m thinking about attending the annual shareholders’ meeting but not quite sure yet. I usually have a work trip around that time frame.
Great stuff! Your dividends basically cover my expenses! Also, I like the Dilbert poster. I should have that hang in my cubicle at work, but it might not be appropriate haha.
I guess your expenses will probably increase once you move out but at your current level, it allows you to save a lot of money. I’d love to hang that poster in my work cubicle. 😀
Very inspiring to see your dividend growth Tawcan! Your progress has helped me see the importance of dividend investing in my finance journey. I look forward to the next update.
Really loving your goal of reaching $1 million and that you’re tracking your progress. I will be keeping an eye on your progress moving forward.
Cruising along nicely Tawcan! Thank you for sharing and best of luck as you strive for the $8,000 mark!
Thanks for the kind words. Looking forward to hit the $8000 mark!
Congratulations on your excellent dividend income in October!
Thanks for your kind words.
Wow! Great month and a 24% increase from last year is a fantastic progress. Keep up the great work!
Thanks for dropping by. Very happy about the great month and the year over year increase.
Lookin good for the month. Big increase over last year. Will be interesting to see what BNS does with their dividend despite the job cuts. Hopefully it doesnt affect it.
I guess your work requires a lot of travel, I would wonder how hard it is to stay frugal during these trips.
Hi Asset Grinder,
I don’t think BNS will cut their dividend but I suppose we’ll wait and see.
I don’t travel regularly but it just happens that I have 3 trips booked up in Nov. When I travel work pays for all the expenses so that’s nice.