September dividend update

It’s October, that means there are only 3 more months to go before we wrap up 2014. For our household, October also means that Baby T will turn one year old! It’s hard to believe that I have been a dad for almost a year. Time sure flies! Raising a human baby and looking after the baby is certainly a lot different than raising our pet cat. Parenthood has brought a lot changes in the last year – sleeping in is a thing of the past and waking up in the middle of the night is not an uncommon occurrence. Baby T has just started walking with assistance. I can’t wait until the day when he starts walking on his own and starts exploring the world even more. It brings smiles to my face every time he smiles or laughs at me. I suppose this is the wonderful feeling of parenthood. 🙂

On the financial side of things, the stock market has taken a beating in September and this trend has continued so far in October. Though our dividend portfolio has taken a hit as well, I’m not worried. Remember the European crisis and how the market reacted? Yeah me neither. For now I will continue adding capitals into our portfolio to increase our dividend income. A drop in the stock market is actually a good thing. This means good stocks can be purchased at a lower price. When you’re in the accumulation phase, it’s always good to be able to initiate positions or add to positions at a lower price point.

We own both Canadian and US stocks in our dividend portfolio. This means that we receive dividends in both Canadian and US. To keep math simple, I’ve decided not to convert US currency into Canadian currency, meaning we’re using a 1 to 1 currency rate. This may not be accurate since $1 US is about $1.09 Canadian right now but this practice keeps life easier. I like easy life. 🙂

In September we received a total of $638.54 in dividend! This is an increase of 38.9%compared to September 2013.

So far in 2014 we have received a total of $6184.48 in dividend income!

Here are the stocks that we received dividend payment in September

Pure Industrial REIT (AAR.UN)
BP (BP)
Chorus Aviation (CHR.B)
Corus Entertainment (CJR.B)
Chevron (CVX)
Dream Office REIT (D.UN)
Enbridge (ENB.TO)
Energyplus Corp (ERF.TO)
Fortis (FTS)
H&R REIT (HR.UN)
Intact Financial (IFC.TO)
Intel (INTC)
Johnson & Johnson (JNJ)
KEG Income Trust (KEG.UN)
Liquor Store (LIQ)
McDonald’s (MCD)
Manulife (MCF.TO)
MCAN Mortgage Corp (MKP.TO)
Qualcomm (QCOM)
Suncor (SU)
RioCan REIT (REI.UN)
Waste Management (WM)

The biggest dividend contributor in September was Manulife with $98.74.

It’s very nice to see that we have consistently crossed the $600 mark for the past 3 months. This demonstrates that our dividend approach is working and our hard work is slowly paying off.

Our goal for this year is to receive $8,000 in dividend income. So far we’ve covered 77.32%. With three more months to go, we need to receive additional $1,814.80 to hit our goal, or $604.93 per month for the rest of the year. I’m hopeful that we can hit this dividend goal for 2014.

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

Did you have a great September too?

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