Dividend income report – July 2014

This is my second 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 $294.37 dividend income in July 2014 which is 12.18% higher than the dividend income I received in July 2013.

Summing up all the dividends I received throughout the year, I came up with $2077.69. One of my short-term goals is to receive $3500 dividend income during the year of 2014. So far, I achieved 59.36% of the goal. Hopefully, I will exceed this goal because there are some nice dividend increases ahead in my portfolio. Recently, two stocks in my porfolio (SAP and CPX) increased their dividends.

Here is the breakdown of the dividend income:

Dividend income from Canadian dividend portfolio

• CANADIAN NATURAL RESOURCES LTD (TSX:CNQ ) $5.63
• VANGUARD U S DIVID APPRECIATION INDEX ETF (TSX:VGG ) $1.28
• BMO S&P/TSX LADDERED PFD SH INDEX ETF (TSX:ZPR ) $2.55
• BMO EQUAL WEIGHT UTILITIES INDEX ETF (TSX:ZUR ) $2.08
• DREAM GLOBAL REAL ESTATE INVT TR (TSX:DRU.UN ) $3.33
• BCE INC (TSX:BEC ) $24.70
• FIRM CAPITAL MORTGAGE INVESTMENT CORPORATION (TSX:FC ) $7.80
• INTER PIPELINE LTD (TSX:IPL ) $5.38
• NORTHLAND POWER INC (TSX:NPI )$4.50
• GIBSON ENERGY INC (TSX:GEI ) $3.00
• SAPUTO INC (TSX:SAP ) $11.50
• CANADIAN IMPERIAL BANK OF COMMERCE (TSX:CM ) $5.00
• BANK OF NOVA SCOTIA (TSX:BNS ) $32.00
• ISHARES S&P/TSX CDN PFD SHARE INDEX ETF (TSX:CPD ) $6.21
• ISHARES DIVERSIFIED MONTHLY INCOME ETF (TSX:XTR ) $7.50
• ISHARES 1-5 YR LADDERED CORP BD INDEX ETF (TSX:CBO ) $3.87
• ISHARES S&P/TSX CAPPED REIT INDEX ETF (TSX:XRE ) $4.92
• ISHARES CANADIAN SELECT DIVIDEND INDEX ETF (TSX:XDV ) $7.44
• ISHARES CANADIAN HYBRID CORPORATE BOND INDEX ETF (TSX:XHB ) $2.05
• ISHARES S&P/TSX NORTH AMERICAN PREFERRED STOCK INDEX ETF (TSX:XPF ) $1.92
• CINEPLEX INC (TSX:CGX ) $2.50
• CAPITAL POWER CORPORATION (TSX:CPX ) $31.50
• TRANSCANADA CORPORATION (TSX:TRP ) $48.00
• TORONTO-DOMINION BANK (TSX:TD ) $23.50

Dividend income from U.S dividend portfolio

• COCA COLA COMPANY (THE) (KO) $10.68
• ISHARES INTERNATIONAL SELECT DIVIDEND ETF (IDV) $24.42
• ISHARES U S PREFERRED STOCK ETF (PFF) $2.75
• SSGA ACTIVE ETF TR INCOME ALLOCATION ETF (INKM) $2.18

Total dividend income for July 2014 is $294.37

Projected passive income

My projected passive dividend income is currently at $3493 per year, increased by $33 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, two 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 13.97% of this goal.

Happy investing and let the money work us.

Thank you for being in my Finance Journey!!

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