Dividend Portfolio Update - October 2015

Dividend Portfolio Value
By the end of October 31, 2015, my dividend portfolio balance was at 22,920.66, up by about $1070 from the previous month. The main increase in portfolio value is attributed to the new capital contribution and dividends.

In October, I received a total of $152.53 in dividends vs $108.17 for the same period a year ago. That's an increase of $44.36 or 41% on year-over-year basis. My total Year-to-Date dividend income for 2015 is $1,223.69. My dividend goal for 2015 is to receive $1,400. All dividends are reinvested back into dividend paying stocks.

In October, I added $800 of fresh capital to my account. So far my total contribution for 2015 reached $8,000. My priority is to maximize my TFSA account each year. The current TFSA contribution limit is $10,000 per year.

My Investment Account (Tax Free Savings Account)
My TFSA consists of 22 Canadian dividend paying stocks. Most of my stocks pay dividends on monthly basis. This allows me to collect dividends and reinvest them into dividend paying stocks more rapidly.


Bought 35 shares of Prairiesky Royalty at $25.80 per share. I finally decided to invest fresh capital into energy stocks. It's been over a year of waiting to get into energy space again. I think the oil prices are near the bottom and now it's the time to pick up some good quality names. I mentioned before that I will start to accumulate royalty names first. I think that PSK.TO is a good play in energy space.