August 2015 Dividends

Dividends

August was pretty dismal in dividend collecting; sadly my gold mining company, Goldcorp Inc. had reduced their dividend by 60%, which puts a small dent in my monthly income as it paid every single month.

Thankfully ScotiaBank (TSE: BNS) raised their dividend from $0.68 to $0.70 a quarter. While I’d like to add to my position in BNS, I believe that BMO or TD would be better picks at the time considering the strong US dollar.

Stocks I’ve Picked Up This Month

This past month I picked up 5 shares of Valeant Pharmaceuticals International Inc. (TSE: VRX) and 18 shares of Wal-Mart Stores (NYSE: WMT).

My purchase of WMT shares has increased my forward annual dividend income by $35.28 USD ($46.84 CAD).

I know all of my fellow dividend growth investors will scoff at the sight of a VRX buy, but I’m feeling the urge to extend my portfolio slightly towards growth stocks. With the recent market volatility, I’ve lost a decent amount in VRX and now do wish that I had invested in a company that offered at least a bit of a dividend so I could collect something along the way. I guess I should practice sticking to my own rules a bit more.

Wal-Mart Stores has been beaten down fiercely this past year, and now yields a 3% + dividend yield which I couldn’t resist as I’ve been wanting to invest in the company for a while now. These articles by Sure Dividend definitely helped me make my decision.

Now let’s take a look at which companies were generous enough to pay me as I held onto their shares for the month of August…

August 2015 Dividend Income

Tax-Free Savings Account
PLZ.UN $5.42
D.UN $8.40
HR.UN $4.95
PGF $3.90
DRG.UN $6.67
AAR.UN $3.90
Non-Registered Taxable Account
G $1.72
ZWU $7.02
Total
$41.98

August 2015 Dividends

Passive Income Paying Necessities

From my previous dividend income post for June, I announced that my monthlynecessities add up to $290. Considering I received $41.98  in dividends this month, that means my passive income had paid off 14% of my necessities. Still a long way to go to make a considerable percentage dent in my necessities for all months which don’t yield quarterly dividends.

Total 2015 Dividend Income

In total yearly dividend income for 2015, I’ve now totaled $258.99 in dividend income. I can now say I’ve made over $250 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.

Total Dividend Income 2015

Dividend Beginner

A 22 year old Canadian dividend growth investor striving for early financial independence; building as many passive income streams as early as possible.
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  • Dividend Beginner – That total dividend income chart is moving in the right direction! Through persistence and continued investing, you should have no problem continuing your current streak. Keep up the momentum, you are doing great.

    Best wishes and continued success on your journey! AFFJ

  • Hi DB,

    As I am also a beginner, I love to track your progress.
    It’s nice to see some pretty dividend payouts, even with our small portfolio!

    Keep at it and the snowball effect will kick in soon enough.

    Good luck.
    Best wishes, DfS

  • Hey DB,

    Just wanted to give some heads up. Thanks for sharing your August dividend income. It looks like REITs are keeping your dividends alive. When comodities are doing badly, resource companies are performing poorly. That’s why I stayed away from resources for the past 12 months and I’ve been adding REITs and Royalty companies (such as AD.to, DIV.to and GRC.v). They have no comodities exposure so the divies are relatevly safe. Goldcorp will do fine, it’s a go to stock for gold exposure. When I decide to invest in gold, the first company will be goldcorp. Valeant will do well as well, just need a little patience. Good luck man!

  • Thanks for sharing your recent dividend income update. Keep buying solid long term dividend payers/growers and don’t focus so much on current yield. Keep building that snowball!

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My publishings on dividendbeginner.com references an opinion and is for information or entertainment purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. I am not responsible for any decisions you make concerning finances, taxes, or investments. You must perform your own research and always take caution when extending capital.