November 2019 Net Worth

Net Worth

 

Hi everyone I would like to share my net worth with everyone. Going back in my blog archives I realize the last net worth post I did was back in September 2018. I stopped writing these posts because looking at the site stats not many people were reading them, and I forgot the reason why I was sharing them in the first place. That reason I shared was because they helped focus me to stay on particular goals I had set. Doing the posts allowed to reflect at the end of each month where my financials stood. For awhile now I have been following the blogs Genymoney, Our Table for Two and Poorer Than You and  they have been posting their net worth’s every month, after reading them I feel inspired so I have decided to get back into writing about my net worth.

Let’s take a look back at some of my numbers from September 2018.

Assets

  • Cash & Savings  $5,961.09
  • Investments  $129,831.77
  • Car  $13,907.00

Liabilities

  • Car $6,406.28

 

Total net worth stood at $143,293.58

September 2018 to October 2019

Let’s take a look back on what has happened between posts shall we. In October 2018 I added to my liabilities by borrowing $6,000 from my parents. I used this money to investment in stocks. By doing this my liabilities increased to 12,406.28. When setting my goals for 2019 one of my top goals was to become debt free in 2019. I am happy to share with you that in August I made the final payments on my car and to my parents. This has been the first time in seven years I believe that I haven’t owed anyone anything.

My banking situation has changed since my last September as well. Back then I used to bank at just Royal Bank of Canada and Tangerine. In 2019 I opened an account with an online bank  called EQ Bank, what attracted me to them was their 2.30% interest rate for their savings accounts. That was the highest rate I could find, I was tired of only receiving 1.07% from RBC and I believe 1.25% from Tangerine.

For investments nothing really has changed for me in this area. I still have the three investment accounts, I still invest in dividend stocks and the dividend payments are really starting to fuel the growth of my accounts. I guess the one thing that has changed for me is I have stopped contributing money bi-weekly into my TFSA and RRSP accounts, this was done because back in September 2019 I was unsure what was going to happen with my job.

Now that we are all caught up let’s get to the new updated numbers. All the numbers that I will share below were as of November 1st, 2019

Cash & Savings ($6,398.80)

Royal Bank of Canada

  • Cash  $150.00
  • Emergency Fund  $1,382.84

I have five accounts at Royal Bank a couple of accounts are joint with my parents so I won’t count them as my net worth. I keep my emergency fund with the bank even though they offer the lowest rates just in case I need money quickly. With my other banks it takes a few days to access the money. I am currently working on building my emergency fund back up to $2,000.

Tangerine

  • Savings $449.55

I just have the one account with Tangerine. I’m thinking about withdrawing this money and moving it to EQ Bank to enjoy the higher interest rate. I will let you know next month.

EQ Bank

The bulk of my savings is now with EQ Bank with my account I am allowed to have four sub accounts so I have opened them and they all receive the 2.30% interest rate if money is in them.

  • General/Investing  $130.36
  • Car Fund  $700.78
  • Travel  $1,201.52
  • Future Housing $2,383.75

I have given my accounts names for their purposes. In the General/Investing I am going to put the money that I want to invest with into this account to earn interest once I know what stock I will buy I will withdraw the cash and make the purchase. Car Fund is quite simple a new vehicle in the future. My car is five years old and in good shape, but I need to start saving for the next one and hopefully pay cash for it. I would like to start doing some travelling in the future. In fact next September I plan on travelling to Long Beach, California to attend the next FinCon event (personal finance conference) I have never been but really looking forward to meeting all of my internet friends. The travel account will go up and down quite a bit probably as I still need to buy my flight, the other half of my AirBnB and get some spending money. Future housing is for the future, I don’t know what that will entail yet, that could be a house or an apartment.

Investments ($174,031.85) 

 

Sept 2018 Nov 2019 Change
RRSP $92,380.58 $114,661.53 $22,280.95
TFSA $32,635.41 $53,750.89 $21,115.48
LIRA $4,815.78 $5,619.43 $803.65
Total $129,831.77 $174,031.85 $44,200.08

My investments have grown quite a bit over the last thirteen months. Thanks in part to the stock market continuing to reach new highs, also I have been focusing on my TFSA account in an attempt to max out my contribution room. Back in July I turned the DRIP back on for all of my stocks. DRIP is Dividend Re-Investment Plan this is going to allow me to buy shares of stocks that I currently own commission free and help grow both my income from dividends and provide me more shares that will help my net worth grow or fall depending on what the stock market does.

Net Worth

As of November 1st my net worth stands at $180,430.65. I decided not to include my car in the net worth post because I currently find an accurate price for it online. I believe my car is probably worth around $6,000 but I wasn’t sure.

Net Worth

Well folks that’s a wrap on my net worth post. I will be making this a monthly post to help track my progress on growing my net worth. Do you keep track of your net worth? Please feel free to comment below.

Thanks

Matthew

 

Telus 3.6% Dividend Increase

00a68-telus-birdies

 

Hey everyone, thought I would share another dividend increase I received. On Thursday November 7th I woke up to the news that Telus was increasing it’s dividend by 3.6%. I would love to say this was a pleasant surprise but it really wasn’t, it was expected. For the last several years Telus has been raising their dividend semi-annually. The board of directors announced that effect January 2nd, 2020 when the dividend is paid next that the dividend will be increased to $0.5825 per share.

I currently own 105 shares and with this announcement my quarterly income will increase by $2.10 and $8.40 annually.

Congrats to my fellow shareholders on the raise.

Matthew

October 2019 Divided Income

cropped-c-money-wordpress.jpg

 

Hey everyone how are you? I hope you all had a fantastic month of October and collected lots of dividends from your investments. Today I am going to look back and share with you my October. Last month was pretty darn good one. On the 15th my 2019 dividend income surpassed my 2018 income two and a half months early. I’m excited to see where I end up by the end of the year.

For October I received payments from 18 stocks and 1 ETF, from these I received a total of $669.14 a new October high for me. I have three investment accounts and the income breakdown is as follows:

  • RRSP $386.45
  • TFSA $279.13
  • LIRA $3.56

I had three US stocks pay me so here is the currency that I received the dividends in. Just a reminder to keep things simple I report the US currency as Canadian that way I don’t have to convert it to Canadian.

  • USD $107.03
  • CDN $562.11

RRSP

2018 2019
BCE $103.44 $110.95
TC Energy $71.76 $109.50
Telus $53.55 $58.50
Altria Group $51.24
Algonquin Power & Utilities $52.52 $45.12
Realty Income Corp $13.43 $10.67
North West Company $0.32 $0.33
Leon’s Furniture $0.14 $0.14
BMO International Dividend ETF $22.23
BMO US Dividend ETF $32.09
Total $349.48 $386.45

New investments in Altria and TC Energy helped me offset the loss of the two ETFs. Another key to my growth this month was dividend increases from BCE, Telus, and TC Energy.

TFSA

2018 2019
Bank of Nova Scotia $93.60
BMO International ETF $38.79
Inter Pipeline $33.32 $34.77
The Keg Royalties Income Fund $28.10 $28.66
Plaza Retail REIT $24.22 $24.85
Transcontinental $24.20
Chorus Aviation $17.88 $18.32
Canadian Apartment Properties REIT $9.20 $9.55
European Residential REIT $3.94
Andrew Peller Ltd $2.42
Artis REIT $14.67
Boston Pizza Royalties Fund $12.31
ZCL Composites Inc $30.65
Total $170.35 $279.13

New investments are the key to the growth here, as you can see I received payments from five stocks that I didn’t have last October.

LIRA

2018 2019
Diversified Royalty Corp $3.56
Enbridge Income Fund $26.55
Total $26.55 $3.56

All quiet here, not too much going on with this account.

DRIP

October turned out to be another great month for me, I was able to drip a large amount of new shares that will help fuel my dividend growth.

# Of Shares Forward Income
Plaza Retail REIT 5 $1.40
Algonquin Power & Utilities 3 $1.69
Chorus Aviation 2 $0.96
Telus 1 $2.25
Altria Group 1 $3.36
Inter Pipeline 1 $1.71
BCE 1 $3.17
Transcontinental 1 $0.88
Bank of Nova Scotia 1 $3.60
TC Energy 1 $3.00
The Keg Royalties Income Fund 1 $1.13
Diversified Royalty Corp 1 $0.22
Total 19 $23.37

Forward Income From DRIP

I bet last month’s total lol. I can see a trend I will be having one slow month followed by two great months. After a couple of years I’m looking forward to seeing what this chart will show. Do you guys drip your shares or take cash?

2016 To 2019 Dividends

2016 to 2019 Dividends

Dividend Goal 2019

2019 Dividend Goal

As mentioned above on October 15th my 2019 income surpassed my entire 2018 total. My goal for this year was $8,000 and over the next two months I’m predicting I will receive between $1,100 – $1,300 so I will fall just a little short but that’s ok. I believe this year has been very successful.

Stock Buys

I made two buys in the month, they were both stocks I already owned and wanted to add to my position.

  • Suncor 28 shares
  • Texas Instruments 13 shares

Dividend Increases

None that I am aware of this month.

Well everyone that does it for my monthly wrap up. I hope you all had a great month. Please feel free to let me know how you did in the comments below.

Matthew

 

AbbVie Raises Dividend

abbvie

Happy Monday everyone! Today I wanted to share with you some dividend news I received on Friday. On Friday one of the stocks I own AbbVie (ABBV) announced quarterly earnings, during that announcement the board of directors declared a 10.3% dividend increase that will take place in February. AbbVie currently pays $1.07 per share this will increase to $1.18 per share when they pay the February dividend.

I currently own 67 shares of AbbVie so with this increase my quarterly income will increase by $7.37, annually my income increases by $29.48

If you own shares in AbbVie congrats fellow shareholders on your raise.

Thanks for reading!

Matthew

Texas Instruments New Purchase

texas instruments

Hello everyone, today I wanted to share a new purchase with you that I made last week. On October 22nd Texas Instruments announced their quarterly earnings after the market closed. The company missed earnings expectations and in after market trading the stock was down double digits.

Here is some of the financial numbers Texas Instruments released in the earnings release:

  • Revenue decreased 11%
  • Operating Profit down 18%
  • Net Income down 9%
  • Earnings Per Share down 6%

I believe that this is just a small bump in the road and Texas Instruments will go back to beating expectations in a couple of quarters, once the trade war with China gets resolved. After looking at what was going on in after market trading I gathered up my loose to change to see if I could buy anymore shares.

The next day October 23rd I didn’t have to wait long within minutes the stock was down 10% and trading around $118.

The Buy

After counting all my change I had enough cash to purchase 13 additional shares at a price of $118.50, so I put my bid in and was successful a short time later. This is the second purchase of the stock I’ve made, the first was at $121.47 and with this buy I was able to lower my cost basis.

Dividends

Texas Instruments recently announced that they would be raising the dividend to $0.90 per share quarterly, so with this purchase my annual dividend income will increase by $46.80.

So what do you think of the purchase? Do you own the stock? Please feel free to comment below.

Thanks

Matthew

*New Post* New Suncor Purchase

Suncor

Hello everyone, what’s everyone been up to? For the last little while things have been quiet for me on the investing front. However last week I decided to make a purchase and it was to add to a stock I already hold. I purchased more Suncor Energy for my TFSA account. Suncor was trading at a good price in my opinion so I decided to buy more of this quality company.

What Is Suncor Energy?

Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada’s Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada. It operates in Oil Sands; Exploration and Production; Refining and Marketing; and Corporate, Energy Trading and Eliminations segments. The Oil Sands segment recovers bitumen from mining and in situ operations, and upgrades it into refinery feedstock and diesel fuel, or blends the bitumen with diluent for direct sale to market. The Exploration and Production segment is involved in offshore operations off the east coast of Canada and in the North Sea. The Refining and Marketing segment refines crude oil and intermediate feedstock into various petroleum and petrochemical products; and markets refined petroleum products to retail, commercial, and industrial customers through its dealers, sales channel, other retail stations, and wholesale customers. The Corporate, Energy Trading and Eliminations segment operates wind power facilities located in Alberta, Saskatchewan, and Ontario; and engages in marketing, supply, and trading of crude oil, natural gas, power, and byproducts. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1953 and is headquartered in Calgary, Canada.

(Source: Yahoo Finance)

Financial Stats

Here is a list of some financial stats that I found interesting and thought I would share in case anyone is interested in investing in Suncor.

  • 52 week range   $35.53 – $48.30
  • PE Ratio 10.97
  • Market Cap: 61.31B
  • Annual Dividend $1.68 ($0.42 quarterly)
  • Dividend Yield 4.32%
  • Payout Ratio 43.2%

The Purchase

Last week I purchased an additional 28 shares @ $39.03. These new shares plus the ones I already owned will give me a total of 49 shares. These new shares will provide me with $47.04 in annual forward income.

It is my current goal to buy enough shares of Suncor to be able to drip new shares every quarter.

So fellow investors what are you buying these days? Please feel free to let me know in the comment section.

Thanks

Matthew

Preparing Yourself For A Work Stoppage

no-work

Hi everyone today I thought I would write about something that I’m going through. On Sunday a strike was  narrowly avoided by my union as we came to an agreement with the province of Ontario. I am a member of CUPE (Canadian Union of Public Employees) I am one of 55,000 people on strike to protest the cuts to education the government has made. The goal of the post is to help you financially in case you are ever laid off from your job, go on strike like the General Motors workers in the United States effecting 50,000 employees in the US and around 10,000 in Canada.

My situation started back in May, about the third week of May to be precise when I was handed lay off notices, which were to take effect August 29th. At that time I was working 40 hours per week, and at the start of Sept I would only be working 12.5 hours per week, just like that I had lost 69% of my hours. In my case I had three and a half months to prepare myself for lower hours and a possible stoppage of work. I was fortunate it this regard other people aren’t so lucky, you could get laid off immediately from a job without any warning.

Below I came up with some ways to help you through a job loss, a reduction in work hours or a strike if you belong to a union.

Build An Emergency Fund

Having a emergency fund will protect you and your family from a job lost, reduction in hours and a work stoppage. Also if something unfortunate happened and you would be unable to work for a long stretch of time. In the media and books you will see a lot of people say its ideal to have a three to six months worth of income in an emergency fund. I am a cautious person so I would recommend six to 12 months.

I currently have 12 months saved up in my emergency fund. I was able to save up this amount by putting money aside every pay. I currently have my emergency fund sitting in a online bank here in Canada called EQ Bank I currently earn 2.30% in interest. If I stayed with my regular bank I would only be earning 1.07%.

Pay Off Debt

If you suddenly got laid off or injured on the job this idea might not be the best. But if you know ahead of time that there maybe possible work stoppage or unrest in the months ahead I believe it is a good idea to pay off debt to free up your cash, in case the worse happens.

For me when I mentioned above that I got my layoff notices in May, I had two loans a car loan and a loan to my parents. At the beginning of August I had the ability to pay off my loans and I did so. This was a great relief to have these paid off now it is freeing up my cash flow to invest and save for my future.

pay-off-debt

Reduce Monthly Bills

If your household still has a landline phone, cable and internet did you know you can have your monthly bill reduced? All you need to do is phone your provider and ask for a better price, if they are hesitant tell them you are looking at another service provider. My family has had pretty good success doing this, they still have all three services with a single company and they phone and negotiate a better price, they usually end up saving $40 to $50 per month.

Another bill you could potentially save on is your cellphone. If you have the ability to save up and buy your phone outright that gives you the opportunity to choose your own monthly plan and you can changes plans at anytime. Another advantage to this is your not locked into a two year plan and pay more than the phone is worth.

cell phone

Save On Groceries

Another good way to save money is when grocery shopping. My family uses the app Flipp which has all the flyers from our local stores and before we go shopping we look at all the flyers to see what’s on sale. If not sure if every Walmart price matches but our local store does so if we see something on sale from a competitor we bring my phone and show the cashier the flyer from the Flipp at and we pay the reduced amount. I’ve also found that you should never shop on an empty stomach because that way everything starts looking good and before you know it your cart is full of groceries that you don’t need and causing you to spend more money than is necessary. I’ve found planning ahead and writing down what you need for the week helps me to reduce my grocery bill, it allows me to walk into the store and remain focused on the things that I need, not to often have I strayed from the list and purchased other things.

grocery list

Use Loyalty Points

How many of you belong to a loyalty rewards program? I certainly do I currently have the PC Optimum rewards program and that is the only one I use. To try to maximize the points that I earn I have a President’s Choice Mastercard that is linked to the program and my account and I use it for every single purchase I make. Every week (Thursday) you receive your own personalized list of bonus points you could earn if you buy certain products. I don’t buy everything on the list because I usually don’t need them, but some are helpful for example I could receive an offer to buy gas from a Mobil gas station, I take advantage of that every time. In the last year and a half to two years I had accumulated 345,000 points in dollar terms that means I have $340 worth of groceries I could buy.

Since the beginning of September I have noticed that my fuel bill has been rising significantly and with my reduced work hours I wanted to try and get my loyalty points to help me financially. The one down side to the PC Optimum program is you can only redeem the points for groceries you can’t exchange points for gift cards. Thankfully I found a way around this starting last week I am having my family buy me gas gift cards from Mobil in exchange for buying their groceries with my points, that way everyone wins. I expect this will save me with my current job about $50 to $60 per week.

So if you belong to a loyalty program and you lose your job I highly recommend looking into redeeming your points and get them working for you. If you can redeem for gift cards for stores then perfect that will be a big savings for you. If you can’t redeem for gift cards like myself talk to family members like I did.

customer-loyalty-program

Well folks there are a lot more ways to save money, but I don’t want the post to become too long. I hope you are never in a situation where you lose your job or face a work stoppage. I can only say prepare for the worse just in case something happens and that way you will be protected.

Thanks for reading

Matthew

September 2019 Dividend Income

Sept Dividend

Hello and welcome everyone to my September dividend income post. In this post I will share with you everything that happened to my investing portfolio in September. September is a big month in terms of dividends received, I had 21 stocks and 1 ETF pay me. My September income from dividends was $721.71, if we ignore the special dividend I received in April than September was my highest month in terms of dividends received.

I have three investment accounts and the income breakdown per account is as follows.

  • RRSP  $400.96
  • TFSA  $240.46
  • LIRA  $80.29

I had 8 US stocks pay me in Sept so here is the currency I received the dividends in. Just a reminder to keep things simple I report the US currency as Canadian that way I don’t have to convert it to Canadian.

  • USD $101.34
  • CDN $620.37

RRSP

2018 2019
Enbridge $99.98 $112.91
Power Corp $44.69 $93.56
Fortis $86.28 $93.15
Lockheed Martin $17.60
Home Depot $16.32
Johnson & Johnson $18.86 $15.20
3M Company $14.40
Bank of America $14.02 $12.96
Realty Income Corp $13.37 $10.65
Walgreens Boots Alliance $9.15
Microsoft $5.98 $5.06
Alimentation Couche-Tard $4.20
BMO International Dividend ETf $9.72
BMO US Dividend ETF $32.09
Canadian Utilities $29.50
Pizza Pizza Royalty Corp $17.25
Total $375.94 $400.96

I received some big payments this month from Enbridge, Fortis and Power Corp. I also received my first dividend payments from Walgreens Boots Alliance and 3M Company which I purchased in August before the ex dividend date. Over time I am planning on adding to all of my US stocks listed above so hopefully that income will continue to rise.

TFSA

2018 2019
Canadian Utilities $32.25 $65.10
BMO International Dividend ETF $38.79
Inter Pipeline $33.18 $34.63
The Keg Royalties Income Fund $15.70 $28.57
Plaza Retail Reit $24.08 $24.73
Chorus Aviation $17.80 $18.24
Canadian Apartment Properties $9.20 $9.55
Suncor $8.82
Canadian National Railway $6.83 $8.06
European Residential Reit $3.97
Artis REIT $14.58
Boston Pizza Royalties Fund $12.31
Total $165.93 $240.46

Received some big growth in my TFSA mostly from new investments in Canadian Utilities, The Keg, Suncor, European Residential Reit and BMO International Dividend ETF. Now that I have the drip set up you should start to see the income from some of these stocks slowly creep up over time.

LIRA

2018 2019
Enbridge $76.75
Diversified Royalty Corp $3.54
Enbridge Income Fund $26.55
Total $26.55 $80.29

Not too much going on with this account. The income is quite high due to the Enbridge payment.

DRIP

I had a great month with the dividend re-investment plan (DRIP), as I was able to purchase quite a few shares and increase my forward dividend income.

# Of Shares Forward Income
Plaza Retail REIT 5 $1.40
Enbridge 3 $8.85
Power Corp 3 $4.86
Chorus Aviation 2 $0.96
Canadian Utilities 1 $1.69
Fortis 1 $1.80
Inter Pipeline 1 $1.71
The Keg Royalties Income Fund 1 $1.13
Diversified Royalty Corp 1 $0.22
Total 18 $22.62

I hope you guys don’t mind charts lol, I decided to create a new one that displays the forward income that I will be receiving from all of the new shares that I receive through DRIP.

2016 To 2019 Dividends

Dividend Goal For 2019

I crossed the $5,000 mark in year-to-date dividends with September’s income. Around October 15th I should reach and surpass 2018’s dividend total which would mean I would have two and a half months of dividends received growth.

Stock Buys/Sells

This is probably the only area in which my portfolio was quiet. The only stocks I bought were the shares through the drip, and I did not sell any stocks.

Dividend Increases

I had a nice month in this area as I received five raises.

  1. Texas Instruments
  2. Microsoft
  3. Fortis
  4. Lockheed Martin
  5. Realty Income Corp

 

Well that’s a wrap for my September income post, please feel free to leave a comment below I enjoy hearing from you. How was your September>

Thanks for reading

Matthew

 

*New Post* What’s Matthew Been Up To

What's Up

Hi everyone hope all is well with everyone. I’ve been a little quiet since my August 2019 Dividend Income post, so today I thought I would just update you on what I have been doing.

August

As you know if you read my August recap post that on the investing front I had a great and busy month with all of the buys, sells and record income (first time hitting $500 in August).  On the personal finance front I did something pretty awesome I became DEBT FREE. It’s something that I had wanted to do for a long time. I achieved this by taking a couple of my paychecks and giving them to my parents to payoff my loan to them. So once that was done I only had my car loan left. To eliminate the car loan I decided to take money out of my emergency fund and payoff the car once and for all. Even though my interest on the loan was under 1%, I felt I needed to pay it off because of the job cuts that were going to take place in Sept.

September

Personal Finance

September has been an expensive month for me. Every year there is a personal finance conference I believe it is usually held every September or October called FinCon. FinCon seems like a lot of fun and I tried to read as many recap blog posts as I could. I almost attended this year’s event in Washington D.C., however next year I have made the decision to attend which will be my very first time attending the event. Next year the conference is being held in Long Beach, California. As soon as I made the decision to go I bought my ticket for FinCon ($200 USD) and booked an AirBnb. So September spending has been crazy.

On the savings side I have been putting all of my money from my paychecks into my savings account to rebuild my emergency fund. As of September 20th the account is back up to where I had it in the summer. This was important for another reason, I may have to dip into my emergency fund soon as my union maybe going on strike with the government. For those of you that don’t know I’m a custodian and work for a local school board, how contract ended at the end of August. I won’t go into the details of what the government has offered us other than to say it’s pretty bad. We held a strike vote a couple of weeks ago and all support workers in Ontario voted 93% in favor of striking. Fingers crossed it doesn’t come to that!

Investing

Since all of the buys and sells in August I have been very quiet on the investing front. I have not made and buys or sells, I have been sitting back and collecting my dividends. Thanks to the drip program I have been able to drip new shares of some stocks. Also I have received some juicy dividend increases from Microsoft and Texas Instruments. Last week I was able to put $500 in my TFSA account and I thought I would be able to start making more contributions but I may have to hold off on that with the work situation.

Well folks that is what I’ve been up to over the last couple of months. Next week I will have a new post recapping the dividend income from September.

Thanks for reading!

Matthew

 

August 2019 Dividend Income

August Dividend Post

Hello and welcome everyone to my August dividend income post. I will share with you everything that happened in August with my investment accounts. I bet there are some very happy parents today as the kids go back to school this morning. This month I received dividend payments from 12 stocks and 1 ETF. My income for August was $535.14 I skipped the $400’s and went straight to the $500’s lol.

The income breakdown per account is as follows:

  • RRSP $310.84
  • TFSA $220.78
  • LIRA $3.52

I had two US stocks pay me so here is the currency in which I received the dividends in. Just as a reminder to keep things simple I report the US currency as Canadian that way I don’t have to convert it to Canadian.

  • USD $82.34
  • CDN $452.77

RRSP

2018 2019
Royal Bank of Canada $72.38 $97.92
Bank of Montreal $68.16 $93.73
AbbVie $71.69
Inter Pipeline $36.85
Realty Income Corp $13.45 $10.65
Pizza Pizza Royalty Corp $17.18
BMO International Dividend ETF $9.72
Alimentaion Couche-Tard $4.20
BMO US Dividend ETF $32.02
Total $217.11 $310.84

The banks led the way for me this month with those nice juicy dividends that they pay. I decided to sell my Inter Pipeline shares for this account so this is the last month I will receive dividend in my RRSP account.

TFSA

2018 2019
Laurentian Bank $62.70
BMO International Dividend ETF $38.79
Inter Pipeline $33.04 $34.49
The Keg Royalties Income Fund $15.70 $28.47
Plaza Retail Reit $23.96 $24.61
Chorus Aviation $17.72 $18.16
Canadian Apartment Properties Reit $9.20 $9.55
European Residential Reit $4.01
Artis Reit $14.49
Boston Pizza Royalties Fund $12.31
Corus Entertainment $18.91
Total $145.33 $220.78

Some nice growth here thanks to the payments from Laurentian Bank and the ETF. I have the drip up and running now on all stocks so we should see some modest growth this time next year.

LIRA

2018 2019
Diversified Royalty Corp $3.52
Enbridge Income Fund $26.55
Total $26.55 $3.52

Nothing going on with this account I still just have the two stocks in it.

DRIP

With my drip up and running now I was able to drip a few more shares and add some additional forward income to my portfolio.

# of Shares Forward Income
Plaza Retail Reit 5 $1.40
Chorus Aviation 2 $0.96
Inter Pipeline 1 $1.71
The Keg Royalties Income Fund 1 $1.13
Total 9 $5.20

I thought I was going to be able to drip a share of Bank of Montreal but I guess I missed the ex dividend date. I can’t complain though I will take a $5.20 boost to my future income.

2016 to 2019 Dividends

The chart shows the upward trajectory of my dividend journey to date. Hopefully it will continue years into the future. 🙂

Dividend Goal For 2019

I’m just $3,097.55 away from my goal. I will need to receive $774.39 per month in order to reach my goal.

Stock Purchases

August was very busy for me in terms of stock purchases, here is what I bought.

  • 21 shares of Suncor
  • 20 shares of Walgreens Boots Alliance
  • 10 shares of Microsoft
  • 10 shares of Texas Instruments
  • 10 shares of 3M (MMM)
  • 59 shares of Bank of Nova Scotia

 

Stock Sells

I sold a couple of stocks this month.

  • 256 shares of Inter Pipeline (RRSP shares only, I still own shares in TFSA)
  • 95 shares of Laurentian Bank

 

Dividend Raises

I received three raises from in the month.

  • Royal Bank of Canada
  • Altria Group
  • Bank of Nova Scotia

 

Well folks there is my August recap for you. Please feel free to comment below. How did you guys do this month?

Thanks for reading

Matthew