October dividend update

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)
Husky (HSE.TO)
KEG Income Trust (KEG.UN)
Liquor Store (LIQ.TO)
Coca Cola (KO)
Rogers Communications (RCI.B)
RioCan REIT (REI.UN)
Telus (T.TO)
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.

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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.

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