The start of every month is exciting for all dividend income investors as we look back at the previous month and see how much passive dividend income our portfolios generated. September was exciting as ever as my year over year numbers continue to highlight the trifecta magic of dividend investing which includes, adding fresh capital, dividend raises and basic compounding to create an ever increasing passive income stream. Even if I stopped adding fresh capital today and every dividend stock I owned kept all distributions flat without a single raise, my passive income stream will continue to grow.

Going forward, it will be interesting for me to quantify the increasing dividends from a number of my holdings as for the last several months I have simply been adding to my existing positions rather than initiating new ones. The way I see it, the homework has already been done on my end when I decided to make a particular purchase in the first place and there are at least half a dozen companies that have fallen on hard times which has been reflected in their stock prices  to which I like to continue adding fresh capital. Have any of their businesses fundamentally changed? Not really, which is why I feel comfortable adding to those holdings when most are selling. You already know the names,Caterpillar Inc. (CAT), Emerson Electric Co. (EMR), The Bank of Nova Scotia (BNS), The Toronto-Dominion Bank (TD) and more. If things stay depressed for a while I may not be initiating any new holdings for some time.

One exciting note to mention is new dividend payer Care Capital Properties, Inc. (CCP) which found its way into my IRA account as a spin off of Ventas, Inc. (VTR). The plan is to keep the CCP shares and perhaps add to them in the future once several dividends have been paid.

With that being said, let's take a look back at my September dividend income.

Dividend income from my taxable account totaled $346.90 up from $277.89, an increase of 24.8% from September of last year.