Saturday, November 7, 2015

Dividend Update - October 2015

      The month of October 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.

       The price of a barrel of crude oil is still a major focus of the markets and the economy. Some analysts are predicting the WTI price of a barrel of crude oil to remain between $40 to $55 for the next year. At the same time, other analysts are predicting the WTI price for a barrel of crude oil to be around $80.00 a barrel. None of us are able to say where the price of oil is going to be by the end of this year or at the end of the next few years.

       Recently in the last few days, President Obama rejected the Keystone XL pipeline that would bring oil from the oil sands to the gulf coast.  This topic should play out well in the coming weeks for companies in the oil and gas sector in western Canada.

 Non-registered Account
  • Bank of Nova Scotia (BNS) - $21.54
  • Bell Canada Enterprises (BCE) - $65.00
  • Enerplus (ERF)  -$ 26.85
  • Killam Properties (KMP)  - $5.75
  • Restaurants Brands International (RBI) - $7.85
  • Rogers Communications Class B (RCI.B) - $96.00
  • Shaw Communications (SJR.B)    - $19.75
  • Toronto Dominion Bank (TD) - $51.00
  • Boston Pizza  Royalties Fund (BPF.UN)   - $25.34
  • Claymore 1-5 yr Laddered Corporate Bond (ETF) - $0.77
  • Cominar REIT (CUF.UN ) - $5.39 
  • Dream Office REIT   (D.UN)  - $ 25.39
  • Killam Properties (KMP) - $  14.85
Total = $365.48

       This total is my highest monthly dividend income ever and is the second time I made over $300 in a month from dividend income.  This total represents a 19.52% increase from 3 months ago and 48.62% increase  year over year.

     The RBI dividend is on my prior holding of this stock that I sold. I sold after the ex-dividend date, so therefore I received the payment. I have since bought back into this stock with a bigger position and at a lower price. I plan to write covered calls on this stock as the stock has a very low yield, although still better than a savings account.

      I also received another distribution payment of $56.00 for my swing trade in Dream Office 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 $1547.47 in distributions so far on this trade.

     Enerplus recently announced their earnings and the board of directors decided to decrease the dividend to $0.03 per share per month down from $0.05 per month. This decrease will start with the December payment. Enerplus is an oil and gas producer in Canada and the United States.  The low price of a barrel of crude and what natural gas is trading at these days is drastically affecting the profitability of this company.

      I will update my dividend income tab with the new amount. It is great to see money from passive income sources deposited into my brokerage account every single month.

How was your dividend income for October?

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 NOT 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. Keep it up IP. Slow and Steady does it bud. You'll doing fantastic so keep up the hustle! Thank you for sharing your journey with us and always a pleasure stopping by. Take care my friend.

    1. Dividend Hustler,

      Thanks for dropping by. I feel fortunate to able to invest in great companies or funds that pay me every quarter or monthly just for being a shareholder or a unitholder. Keep it up over at your end as well.

  2. Congrats on getting your highest dividend income ever. Well over $300 is a very respectable figure and you year over year growth is amazing. Happy to see TD and BNS paying you in October. Doing well.

    1. DivHut,

      Thanks for dropping by. Love getting dividend "checks" from the banks. Royal Bank and BMO pays in November, so I am looking forward to receiving these dividends.

  3. Wow amazing growth you're seeing. Here's to higher and higher dividend income! :D