This is the last dividend income report for the year of 2014. 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 $435.56 dividend income in December 2014 which is 50.74% higher than the dividend income I received in December 2013.
Summing up all the dividends I received throughout the year, I came up with $3597.16. One of my short-term goals is to receive $3500 dividend income during the year of 2014, not only I reached my goal, but I surpassed it by $97.16 😀 .
Here is the breakdown of the dividend income:
Dividend income from Canadian dividend portfolio
- Canadian Utilities Ltd (CU) –$66.88
- Enbridge Inc (ENB) –$52.50
- Fortis Inc (FTS) –$48.00
- Bmo S&P/Tsx Laddered Pfd Sh Index Etf (ZPR) –$2.40
- Bmo Equal Weight Utilities Index Etf (ZUT) –$2.08
- Saputo Inc (SAP) –$13.00
- Dream Global Real Estate Invt Tr (DRG.UN) –$3.33
- Inter Pipeline Ltd (IPL) –$6.13
- Northland Power Inc (NPI) –$4.50
- Suncor Energy Inc (SU) –$14.00
- Brookfield Infrastructure Partners L P (BIP.UN) –$52.08
- Brookfield Renewable Energy Partners Lp (BEP.UN) –$22.18
- Canadian National Railway Co (CNR) –$12.50
- Cineplex Inc (CGX) –$2.50
- Cenovus Energy Inc (CVE) –$29.28
- Firm Capital Mortgage Investment Corporation (FC) –$7.80
Dividend income from U.S dividend portfolio
- Aflac Inc (AFL) –$5.85
- Wells Fargo & Co (WFC) –$5.25
- Ishares U S Preferred Stock Etf (PFF) –$2.71
- Exxon Mobil Corp (XOM) –$13.80
- Coca Cola Company (The) (KO) –$10.68
- Mcdonalds Corp (MCD) –$4.25
- Ishares International Select Dividend Etf (IDV) –$14.58
- Spdr S&P Dividend Etf (SPY) –$39.31
I am so happy to see my passive income report as I received $3597.16 in dividends in 2014, which is an average of $299.76 per month! That’s a 64.21% increase from the dividend I received in 2013 – $2190.64.
Projected passive income
My projected yearly passive dividend income is currently at $4173 per year, increased by $309 from last month. I just reinvested a small portion of my dividend and purchased some dividend stocks using my savings.One of my long-term goals is to generate $25 000 per year passive income from dividends/distributions in 10 years. I achieved 16.69% of this goal.
Happy investing and let the money work us.
Thank you for being in my Finance Journey!!
Recently started tracking my finances and im interested in getting into dividend paying stocks and bonds, i live in canada too, what brokerage website or company do u use or which is best to do trading on?
Hello Kenneth,
Thank you for stopping by.
I am using both TD-direct-investing and Questrade. I don’t find any issues with these two brokerage. TD trading cost is $9.99 while Questrade trading fee is $4.95; however, TD has much more features than Questrade such as research reports, screener tools, etcs.
There are bunch of other banks also have brokerage units.
Best of luck!
Hi FJ,
I just stumbled upon your amazing financial journey and I wish I had the time and motivation when I was your age. I’m 50 now and trying to build my nest egg.
I am perplexed by the difference between your short term goal of yearly passive dividend income of 3500 and the projected yearly passive dividend income of 4800+. What is the difference and how do you re-calculate that monthly and yearly?
Hello Bonnie,
Thank you for stopping by,
Passive dividend income is the income I received from investments in the specific year.
Projected yearly passive dividend income means, the dividend income I expect to receive in a year based one number of shares I have and their yields.
I hope this helps.
Best of luck in building your nest egg.