Dividend Income - January 2016

This month's dividend income came in at an all time high of $470.08, a 31.2% increase over 2015's $358.33! Fortunately our dividends haven't been affected by all my sales yet.

Dividend increases this month:

• T.TO raised the quarterly dividend 4.8% from $0.42/share to $0.44/share, increasing our passive income by $10.32. This is the second time in a year for a total increase of 10%.
• CWB raised the quarterly dividend 4.5% from $0.22/share to $0.23/share, increasing our passive income by $10.36. This is the second time in a year for a total increase of 9.5%.
• CM raised the quarterly dividend 2.7% from $1.12/share to $1.15/share, increasing our passive income by $1.92. This is the fourth time in a year for a total increase of 11.7%.

Pretty decent annual dividend increases from these 3 stocks!


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