Nov 11, 2017

Dividend Income - October 2017

All right, here we are again, another month in the books. Let's see how I did during the first month of the last quarter. But first, let's take a look one year back. In October 2016 I was able to collect $223.98. Once again, trying to improve from there. All companies paying in Oct 2016 were still paying in 2017, plus Kimberly-Clark Corporation (KMB) as a new payer. So, very little changes during the year which is good. Well, changes have been made after October dividends, but they will be visible only in January report. In total 16 companies paid dividend to me this month. Here is the comparison table of October 2016 and 2017 dividends:

CompanySymbolOctober 2016October 2017
Agrium IncAGU.TO12,6213,11
Algonquin Power & UtilitiesAQN.TO11,6516,90
Bank of Nova ScotiaBNS.TO14,8018,16
Baxter International IncBAX2,603,20
Cisco Systems IncCSCO11,7114,79
Coca-Cola Company (The)KO9,4511,84
General Electric CoGE9,2010,08
Kimberly-Clark CorpKMB011,64
Main Street Capital CorpMAIN5,555,70
Medtronic plcMDT3,446,90
Realty Income CorpO6,477,85
Republic Services IncRSG7,688,28
Rogers Communications IncRCI.B.TO9,609,60
Telia CompanyTELIA196,9564,70
W.P. Carey IncWPC14,7818,09
Xcel Energy IncXEL7,4812,96

All right, so the total this October was $233.80. This means 4,4% increase year-over-year. Generally speaking I would like to see at least 20% growth every month, so what went wrong? There is a clear answer. It's one of my Nordic investments, Telia Company, which pays semi-annual dividend in April and October. Dividend sum from them came down to 65€ from last year's 97€. Without Telia my growth rate would have been excellent 33,1%.

Good progress with AQN.TO and XEL thanks to dividend raises and additional shares bought. And of course KMB as a new payer compared to last year.  Excluding Telia, BNS.TO and WPC were the biggest payers. Here are my dividends in a graph:

Total dividends during months 1-10 this year: $2,860.24 This is 13,7% increase from last year. My goal for this year: $3,300. This would be approximately 16% increase to 2016's income. So, this month didn't really help to reach that goal, but I'm very close anyways. It's till impossible to say whether or not I will pass, but right now it looks like I will miss slightly.

I stormed past 2016's dividend total in October which feels great. Now November and December income will be all on top of that. In January KO and TELIA1 won't be paying because of payment schedule. AGU.TO and GE won't be paying because I closed out my position in these companies. But one totally new payer, for me, will step in. Additionally, I have already increased my position at KMB, and looking for more shares at AQN.TO and MDT at least.

Please note that I don't make any currency conversions here. I report dividends as they appear in their own currency. This time AGU.TO, BNS.TO and RCI.B.TO were paid in CAD, TELIA1 in EUR, and the rest in USD. Additionally all numbers are before taxes. This prevents currency fluctuations and tax hassles from affecting my progress.

Thanks for reading. Dividend Income page has been updated to include October dividends.


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