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Each month I total up the dividends that were paid to me in the month as a way of tracking my progress towards financial freedom. 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 dividend income for April 2013:

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Canadian Dividend Income

  • Bank of Nova Scotia – $79.94
  • Telus – $40.05
  • TransCanada – $39.31
  • SNC Lavalin – $23.00

Total Canadian Dividend Income – $182.30

US Dividend Income

  • Sysco – $22.40
  • Medtronic – $10.66

Total US Dividend Income – $33.06

April was another good month for me as I saw a few previously announced dividend increases come into play. Bank of Nova Scotia upped their quarterly dividend to $0.60 from $0.57 , TransCanada increased their quarterly dividend to $0.46 from $0.44, and SNC Lavalin increased their quarterly dividend to $0.23 from $0.22.

To see a full list of the companies currently in my portfolio check out my portfolio page.

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