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As a way of tracking my progress towards financial freedom I total up the dividends paid to me each month. The end goal is to have my dividends cover my expenses. This is a long term goal, so I have a lot of years to go, but I find it encouraging to see my dividend income steadily grow over time. This reminds me that I’m on the right track and to stick with it.
My fiance and I arrived safely in Chang Mai after about 18 hours on a bus. I have to say that it wasn’t nearly as bad as I thought it would be, but it wasn’t exactly thrilling. I’ll definitely be getting a good sleep tonight. I’ve been to Thailand before and what I really love is the food. I think I could live off of just Pad Thai. Because we love the food my fiance and I are planning on taking a cooking course while we are here. We’ve tried making Pad Thai before, but it wasn’t as good as we’ve had in Thailand. Hopefully we can perfect the sauce and get the peanut flavor we really like too. Anyways onto this month’s dividend income.
My dividend income for June 2013:
Canadian Dividend Income
- Enbridge – $32.09
- Fortis – $34.97
- Sunlife – $36.00
Total Canadian Dividend Income – $103.06
US Dividend Income
- Aflac – $35.00
- Johnson & Johnson – $34.82
- Pepsi – $65.61
- Intel – $38.25
Total US Dividend Income – $173.68
June was another good month for me, but I expect next quarter to be even better as I recently purchased Suncor Energy and CH Robinson Worldwide. You can read more about these purchases on my portfolio updates page. Both these companies pay out dividends in June, but I missed the dividend ex-date, so I won’t receive dividends until next quarter.
I only just arrived in Thailand, as I’ve been in Cambodia for the past week or two. I thought it would be interesting to see how much of my dividends covered my expenses. My fiance and I were paying about $33 a day for accommodation and food, so this month’s dividends would have covered about 8 days worth of our food and accommodation. Not bad, considering we were staying in pretty nice places. You could definitely live on less than we’ve been paying in Cambodia, but we wanted a nice place and we ate out for almost every meal. I plan on retiring in Canada, where things are unfortunately more expensive, so I still have a long ways to go.
I was pleased to see that two of the companies paying out dividends in June increased their dividend. Pepsi increased its dividend 6% from $0.5375 per quarter to $0.5675. Pepsi is a dividend champion having increased its dividend for 41 consecutive years. The other increase came from the Johnson & Johnson, which is also a dividend champion. Johnson & Johnson has increased its dividend for 51 years in a row. Johnson & Johnson’s most recent quarterly dividend was increased by 8% from $0.61 to $0.66. I’m trying to target dividend growth of 8%, so was happy with Johnson & Johnson, but I will be looking for stronger dividend growth from Pepsi in the future.
To see a full list of the companies currently in my portfolio check out my portfolio page. To see dividend income earned from previous months see my dividend income page.
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I’m sure this has already been answered but I’m new to the blog and curious.
What do you hold in your TFSA? I was thinking at first U.S. dividend blue chips however I believe the withholding tax still applies?
Thanks, keep up the good work.
You can see what is in my portfolio here.
Good work with the Dividends – keep it up!
In Chang Mai..take the cooking course offer by GAP good value and do the two day course because most people take one day–but if you take two you get more one on one. hope this helps
You are a day late unfortunately, but thanks for the tip. I ended up taking a one day course, but I still thought it was great. I made six dishes, but with my fiance there too, it ended up being 11 dishes total. By the end of the day I was stuffed, but happy.
I’m investing in Pepsi and Intel (PEP & INTC).
I noticed you gave a hit-tip to Pepsi. It really is a great stock!
Thanks for stopping by. What’s a “hit-tip”?