Wednesday, August 6, 2014

Dividend Income - July 2014


 The month of July 2014 is another month of  dividend income landing in my accounts. This money is used to help pay my expenses if it is needed. If the money is not needed, it is ALL used to purchase new investments to further increase my cash flow.

Non-registered Account
  • Killam Properties (KMP)  - $5.75
  • Shaw Communications (SJR.B)    - $18.33
  • Enerplus (ERF)  -$ 45.63
  • Bell Canada (BCE) - $  61.75
  • Bank Of Nova Scotia (BNS) -  $7.37
  • Killam Properties (KMP) - $  14.10
  • Dundee REIT   (D.UN)  - $ 16.61
  • Cominar REIT (C.UN) - $5.28
  • Boston Pizza  Royalties Fund (BPF.UN)   - $23.87
Total = $198.69

This total represents a 19.33% decrease from 3 months ago and 12.65% decrease  year over year.  The decrease from 3 months ago is that one of most monthly payers, Just Energy, changed their dividend payment schedule to quarterly with the first quarterly payment starting in September. Just Energy also reduced their dividend also to try to get the companies finances in order and to lower its dividend payout ratio. Some of my stocks I DRIP, so these companies paid slightly larger amount of dividends than before.

I also received another distribution payment of $56.00 for my swing trade in Dundee REIT in my non-registered account. This is not listed above since it is a trade, so I keep the money in the account and do not pay myself first with this payment. I have received $707.47 in distributions so far on this trade.

I will update my dividend income tab with the new amount.

Disclosure : Long all securities above.

Photo Credit: www.mipaq,

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.


  1. IP,

    Sorry about the dividend cut and payout change. Never fun to undergo something like that.

    Although, you still had a great month of dividend income. Almost $200 of passive income is very solid. Keep it up!

    Best regards.

    1. Dividend Mantra,

      Just Energy has cut their dividend twice now since I have owned them. It originally paid 1.24 annual dividend. This was way to high as it converted to a corporation from an income trust. An income trust is where a company pays out over 90 percent of profits to shareholders, who pay taxes at the individual level. If the company doesn't make enough profits to pay out the dividend they have to borrow the money to make up the short fall.

      They dividend then went down to $0.84 annually. Just Energy sells fixed long-term contracts at locked in prices for natural gas and electricity in deregulated markets. The dividend was cut to around $0.50 annually now.

      This goes to show that I should invest in better companies like the Canadian banks that are more reliable and have been around for a very lone time.