Dividend Income - February 2016

This month's dividend income came in at $254.17, only a 9.6% increase over 2015's $231.89. One of the weakest increases we have ever had, most likely due to my stock sales.

Dividend increases this month:

• BMO raised the quarterly dividend 2.4% from $0.82/share to $0.84/share, increasing our passive income by $1.60. This is the second time in a year for a total increase of 5%.
• LB raised the quarterly dividend 3.6% from $0.56/share to $0.58/share, increasing our passive income by $0.09 (we only have ~1 share). This is the second time in a year for a total increase of 7.4%.
• NA raised the quarterly dividend 3.8% from $0.52/share to $0.54/share, increasing our passive income by $5.73. This is the second time in a year for a total increase of 8%.
• PLZ.UN raised the monthly dividend 4% from $0.02083/share to $0.02167/share, increasing our passive income by $4.75.

Dividend increases from the banks keep coming in!


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