October 1st, 2011 | 
Category: 
September went by so fast, I missed sharing my dividend income for the month. I like to track my journey in the dividend investing world as it’s proof of what can be accomplished 
Hopefully, through my transparent reports, I can help others take control of their financial success.
Even though the markets continue on their roller coaster rides, my dividends continue to come in regularly. A well put together dividend strategy with diversified investments can provide with stability in tumultuous times.
Dividend Income
My Dividend Income for September 2011 is of $375.64 compared with $308.21 last year. My projection has me earning $4,789.97 by the end of the year.
In August, I increased my position in BMO and FTS through the Transfer Agents since I can invest small amounts. Slow and steady wins the race as they say . For those just starting with dividend investing, you don’t need large amount of money to get started. See my post on ‘How To Start Dividend Investing With Little Money‘. Starting early allows you to leverage the power of compound growth and put your money at work!
Dividend Paying Holdings
Broker Accounts
- Bank of Nova Scotia (BNS)
- Bank of Montreal (BMO)
- Royal Bank of Canada (RY)
- Crescent Point Energy (CGP)
- Kimberly-Clark Corporation (KMB)
- AT&T (T)
- Rogers Communications (RCI.B)
- Cominar Real Estate (CUF.UN)
- Johnson & Johnson (JNJ)
- Coca-Cola (KO)
- Liquor Store (LIQ)
- Power Financial (PWF)
- A Mututal Fund generating ~8% dividend
Computershare & CIBC Mellon Accounts
- Bank of Nova Scotia (BNS)
- Bank of Montreal (BMO)
- Canadian Imperial Bank of Commerce (CM)
- Sun Life (SLF)
- Telus (T.A)
- Bell Canada (BCE)
- RioCan (REI.UN)
- Transcanada Pipeline (TRP)
- TransAlta (TA)
- Fortis (FTS)
- Emera (EMA)
- Enbrdige (ENB)
Image: Simon Howden / FreeDigitalPhotos.net
Sign Up for my FREE Money Tips Newsletter!
You don't want to miss my monthly topic, my readers' questions and answers and my dividend portfolio comments.
Nice update, nice divi. income as well!
Telus is the only stock you own, with Transfer Agents, that I don’t at all. At some point, that will change. I would like to build up my positions in BNS and FTS before I start another full DRIP; Telus. I hope to have my BNS and FTS full DRIPs ready for brokerage transfer by the end of 2012.
Keep up the great work! Excellent list of companies and growing dividend income.
My Own Advisor recently posted..Weekend Reading – Dividend Growth Index edition
Thanks Mark!
I did slightly the opposite. I went wide on many I wanted and now I am growing them selectively. I have been focused on BMO and FTS these days.
Great job as always!
It’s fantastic to see that passive income just roll in. Nothing done to earn it, except investing in fine companies paying you to own them!
I look forward to these updates with great gusto. It’s proof in the pudding, as they say.
Keep it up!
Dividend Mantra recently posted..Freedom Fund Update – October 2011
Thanks Mantra!
I really hope I can show the progress and highlight that it’s a worthwhile strategy. I wasn’t sure how long I would do the update when I started but I am definitely continuing with it even though the increases are slow.
Fantastic update! I like the steady income your portfolio provides – mark of a good selection of companies.
moneycone recently posted..Bank Of America To Start Charging Debit Card Fees
Thanks for following!
Great work PIE, as always!
Someday I’ll be there hopefully. Take care,
DividendPartisan
DividendPartisan recently posted..Monthly Progress Review: September
Slow and steady wins the race Dividend Partisan! Compound Growth really pays of later
You are years upon years ahead of me building the portfolio but this really provides inspiration that it can be done!
Evan recently posted..October 2011 Dividend Investment Portfolio Update
I love this updates.It gives me hope that I can make it too
I use the same strategy(Dividend Stocks, mostly).
Its really encouraging.
Thanks.
Thanks for stopping by. I appreciate the comments as I really want to show it can be done!
[...] Passive Income Earner shared his dividend income for September. Pretty darn good [...]
[...] 8. Dividend Income – September 2011 @ The Passive Income Earner. [...]
I love seeing your updates, DI, it’s really inspiring for someone just starting out like myself!
He’s hoping that next year is even better!
Do you use a TFSA and RRSP in your brokerage to mitigate taxes owed?
EJ
Nice increase PIE! Congratulations on your continued success and keep it up.
As mentioned before, I really like the vast majority of the positions you have selected. A superb basket of stocks IMO.
Out of curiosity, have you ever thought about offloading your mutual fund? It seems to pay a generous 8% yield, but I’m just wondering if it ever crossed your mind.
Again, keep up the great work and I look forward to reading more. I admire the fact that you have so many Full DRIPs in place; it’s commendable indeed.
Happy Thanksgiving weekend
Hey Wealthy Canadian,
Thanks for the kind words! It has indeed crossed my mind to offload my mutual fund. Many times in fact. I have not because I am happy with the returns even though the price doesn’t move much. I am kind of letting it sleep right now and work its compound growth magic.
I am not a fan of mutual funds but I have not had a reason to just dump it.
Cheers!
[...] Passive Income Earner provides readers his dividend income update with, “Dividend Income – September 2011“. Congrats on the increase [...]
Understood! I’m sure you’re monitoring its performance; admittedly, there are some mutual funds (key word ‘some’) that do perform rather well.
I recently reviewed Rob Carrick’s Guide and he outlines a few mutual funds that are worthy of consideration.
Have a good weekend,
TWC
I would like to receive your blog whenever they are available.
Thanks,
Glenn
Hi there,
I have a quick question I hope you can help me with. You might have already provided and explanation in your previous posts. What is your logic in carrying the same stocks in your DRIP and non DRIP portfolios? Thanks
Hi, Thanks for the question.
In some cases, it’s a strategy based on where my money is. I was mostly invested in Canadian companies and I started buying some US companies in my RRSP for the dividend tax efficiency. Considering that Canadian companies are tax efficient in a non-registered account, I may take a position in the full DRIP with the Transfer Agents and make a swap over time.
Otherwise, it also depends on the amount I have in each account. Depending on the markets and the value, it could be an opportunity and then it’s a matter of understanding how much I have and where I have money. In some cases, I may upgrade another investment but I don’t do that often.
Cheers.