On December 17th, I purchased 30 shares of Telus (TSE: T) at $37.50, with a trading cost of $6.95 for a total investment of $1,131.95. Telus shares fell between 6% – 9% throughout the day yesterday on news that Shaw has bought Wind Mobile for $1.6B; reason being that shareholders now fear the competition this might bring. This is the third time I’m purchasing shares in Telus, and I now own 100 shares of this company. These 30 new shares have added $52.80 to my forward dividend income.
My total of 100 shares of Telus counts for $176.00 of my total dividend income. My annual dividend income now hovers around $1111.21. I say it “hovers around” because I don’t convert USD to CAD in my dividend calculations, and for the time being I am unsure of what Pengrowth Energy Corp. will be doing with it’s upcoming dividend payment.
With an annual dividend income of $1111.21, my average monthly dividend income is now $92.60. I’m beginning to see this number actually meaning something, rather than when I was making around $25 a month or so. I’m very motivated to get this monthly dividend income up to $100, as that will be a very nice milestone and it means I’m a bit closer to deploying out my dividend income into their own stocks – money making even more money.