December 2015 Dividends

Dividends

December marks my ninth month of receiving dividends, and my last for 2015. I purchased shares in Telus for the month of December, extending my portfolio position to a total of 100 shares; my biggest position in any company.

Greater things await me in 2016 and I’m excited to see where my dividend income will be at a year from now. I know I’ll be one step closer to financial independence, my ultimate goal. There have been bumps along the road in the past nine months, but I’ve learned so much about investing, the stock market, and dividends that, armed with my new found knowledge, I’m sure I’ll do very, very well in the coming year.

December 2015 Dividend Income

Tax-Free Savings Account
SNC $6.25
PLZ.UN $5.42
D.UN $8.40
HR.UN $4.95
PGF $1.95
DRG.UN $6.67
AAR.UN $3.90
Non-Registered Taxable Account
G $1.80
ZWU $7.02
WCP $7.50
AD $8.10
FTS $15.00
GWW $5.85
CNQ $9.20
Total
$92.01

December 2015 Dividends

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 $92.01  in dividends this month, that means my passive income had paid off 31.73% 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. I’ll have to stick do a defined budget in 2016 if I want to accurately reach my income and savings goals.

Total 2015 Dividend Income

In total yearly dividend income for 2015, I’ve now totaled $543.44 in dividend income.

After committing to investing in dividend and dividend growing companies for the past nine months (rather than spending money on useless things as so many people do), I surpassed my goal of receiving $500.00 in dividends for 2015! I’m incredibly proud of achieving this milestone,

2015 Total Dividend Income

 

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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  • Hey DB,

    Good job on achieving your dividend income goal of over $500. Telus shares at $37.50 looks more compelling than at $44 per share. The tax loss season is the best time to buy 😉 Hope you will do well.

    Good luck,
    GK

  • DB,

    Amazing progress. I can’t wait to see what 2016 has in store for you, especially seeing that your dividend income has grown so much in 2015. Doesn’t it seem like forever ago when you received your first dividend check. Way to finish 2015 on a high note!

    Bert

    • Hi Bert,

      Yeah, it’s incredible looking back to where I was nine months ago vs today and how I now have cheques rolling in from an assortment of companies rather than simply my 9 to 5. Here’s to higher notes in 2016!

      Best regards,
      DB

  • Over $500 for 2015 is a great start considering you are just starting your dividend growth journey. Love that chart showing your monthly income. For now it may cover a third of your expenses. Soon half, and before you know it it should cover all your monthly expenses. Stick to the high quality names and don’t chase yield and long term you should do just fine.

    • Hi DH,

      $500 in the nine months I was investing seemed good to me too. I’m already set for $1000+ in the coming year, excited as hell. It’s definitely covering my necessities pretty quickly on the good months. Looking forward to having my necessities paid off and then my discretionaries! Thanks for the advice, and for stopping by.

      Best regards,
      DB

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