Dividend income report – August 2014

This is my third detailed dividend income report. I hope this report helps me to track my progress toward my short-term and long-term goals, and provides inspiration to new investors (you and me as well) to start dividend investing to reach their financial freedom.

I received $180.65 dividend income in August 2014 which is 26.04% higher than the dividend income I received in August 2013.

Summing up all the dividends I received throughout the year, I came up with $2258.34. One of my short-term goals is to receive $3500 dividend income during the year of 2014. So far, I achieved 64.52% of the goal. Hopefully, I will exceed this goal because there are some nice dividend increases ahead in my portfolio.

Here is the breakdown of the dividend income:

Dividend income from Canadian dividend portfolio

• Power Financial Corp (TSX:PWF) $7.00
• Bmo S&P/Tsx Laddered Pfd Sh Index (TSX:ZPR) $2.55
• Bmo Equal Weight Utilities Index (TSX:ZUT) $2.08
• Dream Global Real Estate Invt Tr (TSX:DRG.UN) $3.33
• Emera Inc Cash(TSX:EMA $18.13
• Firm Capital Mortgage Investment Corporation(TSX:FC) $7.80
• Inter Pipeline Ltd(TSX:IPL) $5.38
• Northland Power Inc (TSX:NPI) $4.50
• Royal Bank Of Canada(TSX:RY) $17.75
• Bank Of Montreal(TSX:BMO) $19.50
• Ishares S&P/Tsx Cdn Pfd Share Index (TSX:CPD) $6.21
• Ishares 1-5 Yr Laddered Corp Bd Index (TSX:CBO) $3.71
• Ishares S&P/Tsx Capped Reit Index (TSX:XRE) $4.92
• Ishares Diversified Monthly Income (TSX:XTR) $8.28
• Ishares Canadian Select Dividend Index (TSX:XDV) $7.44
• Ishares Canadian Hybrid Corporate Bond Index (TSX:XHB) $2.01
• Ishares S&P/Tsx North American Preferred Stock Index (TSX:XPF) $1.92
• Cineplex Inc (TSX:CGX) $2.50
• Canadian Oil Sands Limited (TSX:COS) $26.25

Total: $151.26

Dividend income from U.S dividend portfolio

• At&T Inc (T) $4.60
• General Mills Inc (GIS) $6.15
• Ishares U S Preferred Stock (PFF) $2.89
• Colgate Palmolive Company (CL) $1.80
• Kinder Morgan Inc (KMI) $4.30
• Procter & Gamble Co (PG) $9.65

Total: $29.39

Total dividend income for August 2014 is $180.65

Projected passive income

My projected passive dividend income is currently at $3504 per year, increased by $11 from last month. There were no major purchases or changes in my dividend portfolios. I just reinvested a small portion my dividend to purchase a iShares diversified monthly income ETF(TSX:XTR ) in my registered account. Also, few stocks in my porfolio hiked their dividends since my last update.

One of my long-term goals is to generate $25 000 per year passive income from dividends/distributions in 10 years. I achieved 14.01% of this goal.

Happy investing and let the money work us.

Thank you for being in my Finance Journey!!

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