October 2015 Dividend Income

October 2015 Dividends

Dividends

October represents my seventh month of receiving dividends. It’s been a slow journey but I see things are beginning to take off. I purchased shares in one company, Whitecap Resources, for the month of October. I’m hoping to start picking things up a little bit in the month of November before the end of the year. I’m excited to reach a monthly average of $100 in passive income.

October was a great month of dividends for me, though that $100 in dividends appears to still be beyond my grasp.

October 2015 Dividend Income

Tax-Free Savings Account
D.UN $8.40
HR.UN $4.95
*PGF $0.00
DRG.UN $6.67
AAR.UN $3.90
BNS $16.10
T $14.70
PLZ.UN $5.42
Non-Registered Taxable Account
G $1.70
ZWU $7.02
T $14.70
CNQ $9.20
Total
$92.76

Monthly Dividend Income

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 $92.76  in dividends this month, that means my passive income had paid off 31.99% of my necessities. Nearly a third of my necessities were paid for by dividends this past month. That’s quite stellar 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 $408.07 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. Two months left to muster another $90 or so in dividends.

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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