As a way of tracking my progress towards financial freedom I total up the dividends I receive 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 rise over time. This reminds me that I’m on the right track and to stick with it. Here are the results for May, June, July and August.
My dividend income for May 2014:
May Canadian Dividend Income
- Altagas [ALA Trend Analysis] – $33.41
- Potash [POT Trend Analysis] – $53.47
- Royal Bank [RY Trend Analysis] – $17.04
Total May Canadian Dividend Income – $103.92
May US Dividend Income
Total May US Dividend Income – $27.33
My dividend income for June 2014:
June Canadian Dividend Income
- Altagas [ALA Trend Analysis] – $38.65
- Enbridge [ENB Trend Analysis] – $36.71
- Fortis [FTS Trend Analysis] – $37.59
- Suncor Energy [SU Trend Analysis] – $23.00
- SNC Lavalin [SNC Trend Analysis] – $24.00
Total June Canadian Dividend Income – $159.95
June US Dividend Income
- Aflac [AFL Trend Analysis] – $37.00
- CH Robinson Worldwide [CHRW Trend Analysis]- $17.85
- Johnson & Johnson [JNJ Trend Analysis]- $37.85
- Intel [INTC Trend Analysis]- $38.25
- Pepsi [PEP Trend Analysis] – $77.29
Total June US Dividend Income – $208.24
My dividend income for July 2014:
July Canadian Dividend Income
- Bank of Nova Scotia [BNS Trend Analysis] – $87.55
- Telus [T Trend Analysis]- $49.93
- TransCanada [TRP Trend Analysis] – $43.01
Total July Canadian Dividend Income – $180.49
Total July US Dividend Income – $0.00
My dividend income for August 2014:
Total August Canadian Dividend Income – $0.00
Total August US Dividend Income – $0.00
You’ll notice that in July I had no USD dividend income and in August I had no dividend income at all! This is because I bought a condo recently and liquidated all of my shares in order to make a large down payment. As a result I am effectively starting over. Now that I’ve moved in, I’ve started investing again, but it will take some time to build back my dividend income to the level it was before.
Newsletter Sign-Up & Bonus
Have you enjoyed our content?
Then subscribe to our newsletter and you'll be emailed more great content from Dividend Growth Investing & Retirement (DGI&R).
BONUS: Subscribe today and you'll be emailed the most recent version of the Canadian Dividend All-Star List (CDASL).
The CDASL is an excel spreadsheet with an abundance of useful dividend screening information on Canadian companies that have increased their dividend for five or more years in a row.
The CDASL is one of the most popular resources that DGI&R offers so don't miss out!