November marks my eighth month of receiving dividends. I purchased shares in two companies for the month of November. I purchased:
- 40 shares of Fortis Inc (TSE: FTS) at $37.86 (Annual Dividend Income +$60)
- 60 shares of Alaris Royalty (TSE: AD) at $24.80 (Annual Dividend Income + $97.20)
This adds up a total increase of $157.20 to my annual dividend income. That’s very much to my liking. It’d be great if I could consistently incPlazarease my annual dividend income by $100+ every month through allocating new capital.
On another front, two of my holdings increased their distributions going forward.
- Telus (TSE: T) increased their quarterly dividend by 5% (10% from one year ago) from $0.42 to $0.44 (Annual Dividend Income +$5.60)
- Plaza Retail REIT (TSE: PLZ.UN) increased their annual dividend by 4.0% from $0.25 to $0.26 (Annual Dividend Income +$2.60)
Now that I’ve been investing for a little while I’m starting to see a couple dividend raises coming in. I should also be keeping an eye open for dividend raises as I’m not too up to date on all of my holdings every month. Through dividend raises, my annual dividend income has also increased an extra $8.20… By doing absolutely nothing; fantastic!
November 2015 Dividend Income
|Tax-Free Savings Account|
|Non-Registered Taxable Account|
Passive Income Paying Necessities
From my previous dividend income post for June, I announced that my monthly necessities add up to $290. Considering I received $45.59 in dividends this month, that means my passive income had paid off 15.72% of my necessities. That’s decent but there is a lot of spending on discretionary which I would like to focus on cutting back on. Perhaps budgeting will be a bigger part of my life in 2016.
Total 2015 Dividend Income
In total yearly dividend income for 2015, I’ve now totaled $453.66 in dividend income. I can now say I’ve made over $400 in passive income! I’m sure there are billions of people who’ve never even tried. I’m set to achieve my goal of $500 before the end of the year in passive income. That is – while I sit on the couch, eat some fish, or play video games – I’m still being paid. One month left to acquire less than $50 in dividends; here we go.