Dividend Income - October 2015

This month's dividend income came in at $334.14, a 20.5% increase over October 2014's $277.35.

Dividend increases this month came from 2 different banks:

• CM raised the quarterly dividend 2.75% from $1.09/share to $1.12/share. This is the fourth time in a year for a total increase of 12%.
• BNS raised the quarterly dividend 2.94% from $0.68/share to $0.70/share. This is the second time in a year for a total increase of 6%.

Dividends in USD are converted to CAD using the monthly average exchange rates from the Bank of Canada.