Ok, this month was not that special. Especially after an amazing dividend growth in september, this one will stay a bit humble. We received dividend from one company, earned some money from book sales and ended it with not buying some new assets.
Big difference compared to last months update. But this month we actually decreased in dividend income compared to last year. We received our only dividend from Bank of Nova Scotia ($BSN).
BNS actually increases their dividend in the 4th quarter from $0.72 per share to $0.74 per share. Still our income dropped.
This is due to the following:
We measure our dividend after taxes. Which means we also take into account currency fluctuations. Because we do this, we ended up with a lower dividend income as compared to last year. BNS pays out in Canadian dollars, which now reflect in our change in dividend.
When we look at the gross dividend income, we do see some growth. In 2016 this is €11.11, when in 2015 it was €10.47. A year on year growth of +6%. It might be small, bit this growth was realized while no companies or shares were added (and paying dividend in october).
Besides dividend, I’ve also earned some money by selling books. The profit of selling used books adds €11.40 to our passive income of october.
In total we have received €19.42 of passive income for this month.
The biggest growth we saw in our portfolio value.
Our current portfolio value is: €34835.16
And is up +67% from last year in the same month.
This is mostly the effect of adding a constant flow of money
towards our portfolio. And the more money we can allocate,
The bigger it will grow forth.
Curious for all of our holding? Then check our portfolio here.
The reason we track our dividends by using net income, is because that’s what we’ll be using when we reach financial independence. It’s the amount of money which we can spend fully.
The downside however is that is difficult to measure the actual growth year on year. Despite the dividend increase from BNS, we have a lower dividend income due to currency fluctuations.
How do you track your dividends? Do you add everything up without calculating taxes or take into account different currencies? Or do you even everything out like we do?