August 2016 Dividend Income

After a no-buy in July, I’ve come back in August with an increased position in Exchange Income Corp. (TSX: EIF). I believe this company has a bright future ahead of it and is in a very niche position with very little competition and are diversified and unique. They continue to build their empire and I look forward to future acquisitions in the company.

The market overall remains unimpressive for buying stocks but after not buying anything in July I feel as though I had to make a purchase. After all, we’ve heard time in the market vs timing the market countless times – and I feel the need to continue boosting my dividend income as growth has slowed down big time in the past quarter of the year for myself, after regularly increasing my annual dividend income by $200+ monthly for the first part of the year.

It’s hard buying stocks in Canada. I’d really like for the USD to be lower as I can diversify into the U.S. market as it’s difficult to diversify away from financials and energy in this small market. The consumer staples stocks yield so little while costing so much, it’s difficult to justify purchasing them at this point – though, Metro (MRU) continues to call to me.

Summary of August Investment Activities

Throughout August, I’ve purchased:

Two of my holdings increased their dividends.

None of my holdings reduced their dividends. Great news!

Annual Dividend Income Update

May 2016 Net Increase June 2016
Annual Dividend Income $2,118.86 $90.48 $2,209.34
Monthly Dividend Income $176.57 $7.54 $184.11
Percentage Increase +4.27%
YTD Increase +106.91%

August 2016 Dividend Income

Non-Registered Taxable Account
NA $16.50
ZWU $7.02
WCP $2.80
IPL $5.59
EIF $12.56
ENF $7.78
AD $16.20
RY $20.25
Tax-Free Savings Account
AAR.UN $3.90
PLZ.UN $5.63
IPL $7.41
D.UN $5.63
DRG.UN $6.67
AD $6.75
RNW $11.00
HR.UN $4.95
CJR.B $9.98

Dividend Income Journey

August Monthly Dividend Income

August was a decent, slow and steady month. $154.52 was added to the Dividend Beginner’s coffers for reinvestment.

YoY Monthly Dividend Income

The trend of dividend income falling down in August continued this year as we rake in $155 vs $225 from last month. In August 2015, I received $41.98. This year income increased by $112.54, or 268.08%.

total 2016 dividend income

Sure enough as we predicted last month, this August marks the first time the portfolio has generated $1,000 within one year’s time. After 8 months, the portfolio has generated $1,129.65

$1,129.65 works out to 65% of our $1,750 goal.
lifetime dividend income

I’d like to keep track of my lifetime dividends as it will always be the largest number I can attribute to dividend income, and ultimately is all the passive income I’ve generated from the beginning of this portfolio to now. It’s a great chart to display exactly what you could accomplish when you save your earnings and invest in dividend growing stocks.

After 17 months of receiving dividends and 18 months of investing, I’ve generated over $1,600 in passive income. After August 2016, my record is now $1,673.09 in dividend income that I earned from having the foresight to invest my money in income generating assets. The great thing about this is that even if I stop investing now, that money will continue to flow into my bank account every month without me lifting a finger, and what’s more is that it will even grow as time goes on considering I took the time to invest in dividend growing companies with proven track records.

How was all of my fellow investors’ August 2016? Any new positions? Dividend Raises? Dividend Cuts? Looking forward to September? 

8 Replies to “August 2016 Dividend Income”

  1. Keep it up DB. You’re doing awesome bro. Don’t worry about not making purchases. This is a marathon, not a spring so don’t be so hard on yourselves.
    The most important thing though is to keep money on your mind and focus on making more and building this income to greater heights.
    Thanks for sharing and congrats on all the successes so far. Cheers bro.

  2. Curious on your take for CJR-B.TO. Their yield looks pretty high (over 9%) which to me seems high, yet the P/E is less than 10.0, and the current price ($12.18) is less than their F2015 book value ($13.99), so there are some mixed signals here.

    However, I do like their consistent dividend growth: at least 5 straight years (BMO InvestorLine only goes back 5 years in their financial history section for any given company).

    What lead you to buy it to begin with?

    1. Hi Patrick, CJR.B seems safe to me and the fear is overblown due to all the issues surrounding cable. They’re not exactly a cable company as they sell media so I believe they can navigate around the issues presented.

      They dividend growth is a great factor for investing and the yield is huge. I wrote a few articles on CJR.B you should check out. Here are links to them:

  3. You’re doing great, keep it up. Even if you’re not making purchases regularly, you’re still collecting dividends, and you’re on the receiving end of raises. Btw, looks like we’ve both been increasing our positions in EIF!

Leave a Reply

Your email address will not be published.