Last month was my best payday ever with a dividend income of $766.38 for December. That put my year total to over the 6G mark that I was pushing hard to hit. Let’s take a look at January.
This year, my goal is to smash $8,000! It’s a pretty lofty goal and I figure I need to save around 50 grand of new capital to hit this mark, based on a 4% dividend on new purchases.
$50,000 will be around a 70% savings rate. I’m not going to lie, this is going to be extremely difficult. A family of 5 on a single income with children in every activity known to man, we shall see…
January Dividend Income
For the month of January I received dividends from 14 different companies (and 1 company twice):
| TICKER | COMPANY NAME | AMOUNT |
| TSE:AX.UN | Artis REIT | $99.72 |
| TSE:CLF | Canada Bonds | $72.00 |
| TSE:PLZ.UN | Plaza REIT | $69.54 |
| TSE:AQN | Algonquin | $69.24 |
| WDC | Western Digital | $60.50 |
| TSE:NVU.UN | Northview Apartment REIT | $46.17 |
| TSE:NVU:UN | Northview Apartment REIT | $41.01 |
| TSE:D.UN | Dream Office REIT | $37.75 |
| TSE:TA | TransAlta | $35.60 |
| BEN | Franklin Resources | $30.00 |
| TSE:ALA | AtlaGas | $26.51 |
| TSE:BEI.UN | Boardwalk REIT | $19.13 |
| TSE:PZA | Pizza Pizza | $16.04 |
| TSE:CPG | Cresent | $9.00 |
| TSE:SJR.B | Shaw | $7.41 |
| TOTAL | $639.32 |
I received $639.32 in dividends for the month of January.
What should I do with all this free cash? I could buy a…
LG 43″ 4K UHD Smart LED with WebOS 3.0
Full HD 1080p with a whopping 8.3 million pixels!!!!
Well, instead of buying a nice TV, I decided to DRIP my money to buy more high quality stocks to compound that growth!
43″ just ain’t good enough.
Nuts and Bolts
- My year over year increase was 74.15% or $272.12 more than January 2016
- My quarter over quarter increase was 33.32%
- I had a great quarter, I’m moving in the right direction
| Month | 2015 | 2016 | 2017 | 2017 $ INC | 2017 % INC |
| January | $152.00 | $367.00 | $639.12 | $272.12 | 74.15% |
| February | $229.00 | $427.00 | $0.00 | 0 | 0.00% |
| March | $385.00 | $602.00 | $0.00 | 0 | 0.00% |
| April | $201.00 | $313.00 | $0.00 | 0 | 0.00% |
| May | $375.00 | $456.00 | $0.00 | 0 | 0.00% |
| June | $475.00 | $676.00 | $0.00 | 0 | 0.00% |
| July | $200.00 | $380.00 | $0.00 | 0 | 0.00% |
| August | $375.00 | $501.00 | $0.00 | 0 | 0.00% |
| September | $499.00 | $716.88 | $0.00 | 0 | 0.00% |
| October | $236.00 | $479.38 | $0.00 | 0 | 0.00% |
| November | $418.00 | $514.57 | $0.00 | 0 | 0.00% |
| December | $624.00 | $760.03 | $0.00 | 0 | 0.00% |
| YTD Total | $4,169.00 | $6,192.86 | $639.12 | $272.12 | -89.68% |
My total dividend haul this year has started off well at $639.12. I only need $5,553.74 to hit my last years total
Last year I passed my prior year in October. I’m trying to beat 2016 total even sooner this year.
How Much Free Money?
| Year | Total Dividends Received |
| 2014 | $2,421.00 |
| 2015 | $4,169.00 |
| 2016 | $6,193.00 |
| 2017 | $639.00 |
| 2018 | $0.00 |
| 2019 | $0.00 |
| 2020 | $0.00 |
| Total | $13,422 |
Since 2014 I have received $13,422 of free money just to own some companies.
That’s enough free money to buy my a brand new…
Mitsubishi Mirage ($12,698)
I hope everyone else has a great year.
Congrats on a great month! Sure is motivating to see that constant growth as you re-invest and add new capital. Moving quickly up towards 4 figures.
Austin recently posted…Recent Buy/Sell Activity – Week of 1/23
Thanks Austin,
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” -Albert Einstein
Grow baby GROW!
Awesome job and over 10 percent of last years total lol you are making strides and big one.
Doug recently posted…Dividend Raise
Thanks Doug!
Dividends get me excited so it’s easy to push forward 🙂
Haha, Steve I literally just published my Jan report several minutes ago as well.
Great job on the $639! You’re an inspiration with saving and investing, while doing it with one income and three kids.
Rock on man,
Passive Income Dude recently posted…Passive Income Report: January 2017
Thanks for the positivity Dan!
Your goal for passive income this year is huge, but it’s small baby steps that will get you there.
I’m hoping you don’t get anymore surprise repairs!
Haha thanks bro. Surprise repairs seem to be my “thing.” We’ll see what happens. $13k is a stretch for sure but I am hoping within reach!
Passive Income Dude recently posted…Passive Income Report: January 2017
Fantastic month for you. Keep that going and your compounding returns are quite impressive. Good on you. I hope to achieve what you have one day in the future.
It comes quick.
The growth seems slow at first but when we have a bull market and companies increase their dividends, it quickly turns into a snowball of free money!
Awesome job starting the year running, almost double of what January last year brought you, the dividend machine is in full gear.
Dividends 4 Future recently posted…January 2017 Update
Thanks Dividends 4 Future.
January was even better than I expected. I hope to keep the momentum going 🙂
Nice work. You’re well on your way to crushing your 2017 goal.
Investment Hunting recently posted…Qualcomm – Stock Buy, 100 Shares Of QCOM
Thanks IH,
I’m looking at buying some Qcom also. Future looks bright.
Great start to the year! Well done. And glad to see you are DRIPping for reinvestment rather than shelling out for that fancy screen 🙂
Jay recently posted…Trend Following Trade Ideas January 2017 Part 5
Thanks Jay,
I’m going to stay on the DRIP path until my dividends top over $1000 a month in each account. Those transaction fees are too large for anything less.
I also like the discount per share for DRIPs. 3% adds up!
Wow! What a nice start to the year. I like it, I like it. Especially the TV purchase consideration was very good. Even better to put that snow on top of your existing snowball. Also the goal increase from last year and wanting to hit it even earlier sounds great. Well done.
Thanks DIB,
Grow that snowball until it turns into an avalanche!
Very good way to start 2017! I see potential to eventually hit $1,000 in dividends in 1 month this year! Congrats.
Thanks for the encouragement Dividend Driven.
Looks like a great month! Your saving goal will be difficult but remember your dividends are growing which makes this a lot easier! This is my first year working so I am hoping to supercharge my div growth and cross the 1k mark!
Stefan – The Millennial Budget recently posted…Top 5 2017 Goals
Hi Stefan,
I’m glad you got your internet back up and running.
It’s going to be a tough go to save 70% of my net income but when I see the dividends start stacking up, it provides just the right motivation I need 🙂
I don’t know – that TV looks reaallly nice!! 😉 Great job job on continued year-on-year growth. Hope you blow past your goals in ’17.
Predictable Snowball recently posted…The best index funds for income investors
Your name says it all!
Forget the TV, I want my dividends to buy a house!
The snowball is growing.
Great month! That is basically my whole year for now haha. Glad to see that snowball of growth work for you. Impressive YoY% growth. Keep it going!
Dividend Daze recently posted…Dividend Update – January
Thanks a lot Dividend Daze.
Dividend investing seems slow at the start but once that snowball gets moving it’s amazing how fast it grows.
Hey Steve,
As I said I just found your blog and I am getting a kick out of it.
Keep going!
Ben
Thanks Ben
Hey Steve,
Congratulations on your success in 2016, and good luck with your goal to reach $8000 this year. I’m planning to get heavily back into dividend investing in 2017. However, I’ve been a little out of the loop from taking the year off. I’m definitely being inspired by and will further investigate your portfolio for quality Canadian dividend payers. Thanks for sharing!
Graham @ Reverse The Crush recently posted…PD Blogger Progress for March
Hi Graham,
The US market is hella scary to me right now. Not many bulls left out there making excuses why the market is so expensive.
I’m going to be reducing some US holdings that have ran to far to fast and look for some opportunities from other markets.
Good luck on your journey back into dividend investing. The future looks bright.