56 and Counting

Hello everyone as we quickly approach July I thought I would share with you that I have an anniversary coming up. July 7th will mark my third year as a dividend investor, so I thought why not talk about all the dividend increases I have received since 2014. I have kept track of how many raises I have received from each company and the dollar amount that they have boosted my income by.

Where did I get the idea to keep track of dividend increases? Well I got the idea from the newspaper. I read the Globe and Mail everyday, as I believe they have the best business section of any paper here in Canada. Back in 2012 the paper started what they called a Strategy Lab in which four writers picked an investing strategy (growth, value, dividend and index investing). Each writer had $50,000 in virtual cash and could hold as many as 12 stocks in their portfolio. On Wednesday’s there is a column called the Yield Hog written by John Heinzl and he is the dividend investor in the Strategy Lab, John periodically does updates on his virtual portfolio. It was in one of his updates where I saw he tallied up all of his increases and the dollar amount, I thought it was an excellent idea because it allows an investor to see what kind of growth you can have by just investing in stocks that regularly increase their dividends.

Why do I keep track of the increases and dollar amount? I keep track of them because I love numbers. I call myself a numbers nerd. When I was a kid I can remember in the summer time I would buy a notebook then throughout the summer since I am a big baseball fan I’d go through the paper everyday to see the box scores and I would keep track of all the stats. Ok back to investing another reason why I do this is because it allows me to see which companies raise their dividend more frequently. It also helps me where to direct my money and add to my positions. For example I have received three increases of Enbridge, they have been increasing their dividend for the past 22 years. In the past two months I have added 51 shares of Enbridge, and I have also increased my position in Power Corp.

So let’s take a look at what I have received over the past three years.

Stock Number Of Increases Income From Increases
Royal Bank of Canada 6 $45.12
Bank of Montreal 6 $34.08
Telus 4 $24.04
Enbridge 3 $54.52
Fortis 3 $50.76
Canadian Utilities 3 $49.92
BCE 3 $43.36
TransCanada 3 $57.68
Algonquin Power & Utilities 3 $43.75
Alimentation Couche-Tard 3 $1.28
Pizza Pizza Royalty Corp. 3 $12.60
Proctor and Gamble 2 $6.44
The Keg Royalties Income Fund** 2 $11.22
Power Corp 2 $9.00
JP Morgan 2 $28.16
BMO US Dividend ETF 2 $42.96
ZCL Composites Inc ** 1 $102.87
Boardwalk Real Estate Investment Trust 1 $14.64
Inter Pipeline 1 $7.80
Chorus Aviation 1 $20.88
Magna International 1 $2.80
North West Company 1 $0.04
Westjet 0 $0.00
Boston Pizza Royalties Fund 0 $0.00
Artis Real Estate Investment Trust 0 $0.00
Leon’s Furniture 0 $0.00
Exco Technologies 0 $0.00
Total 56 $663.92
** Means I Received a Special Dividend not counted as a dividend increase

So as you can see I have received a total of 56 raises for a total of $663.92 that’s not to bad in my opinion. All I had to do to earn that money was make an initial investment in these companies then sit back and watch the dividends go into my account. I don’t drip my dividends I take the cash which allows me the choice of investing in whichever stock I want.

I do have a handful of stocks that have yet to raise their dividend I am not to worried about them I am sure at some point they will reward shareholders with a raise. In the mean time I can continue to rely on great stocks such as Royal Bank, Telus, Enbridge, and BCE etc…

Well you guys are you a numbers nerd like me?? Do you keep track of your dividend increases? Please let me know I look forward to hearing from you.

Thank you for reading this post I greatly appreciate your support.

Matthew

New Purchase

Happy Monday everybody 🙂 and welcome to my latest post. I made another purchase and thought I would share it with you.

enbridge-logo

Last Friday June 9th I added to my position in Enbridge (ticker: ENB). This is my second purchase of Enbridge this year, you can read about my purchase last month here. For the past month I have been watching the stock and the price has continued to drop as well as the price of oil. When I see the stock of a quality company such as Enbridge fall I always look to try and purchase some shares to reduce my average costs, this time I was successful.

Details

On June 9th I purchased 26 shares at a cost of $51.79 per share. The total cost of the purchase is $1,356.53.

After this purchase I now hold a total of 145 shares of Enbridge with an average cost per share of $54.51. With this latest buy I was able to reduce my costs by $0.75.

Income

The additional 26 shares will boost my quarterly income by $15.86. Annually my income will increase $63.44.

Enbridge is now one of my biggest holding’s in my portfolio. I believe the company has a bright future and will continue to add shares if the price drops further.

Well folks thanks for reading. What do you think of my purchase? Please feel free to leave a comment I always enjoy reading them.

Thanks for stopping by.

Matthew

May 2017 Income Report

Hello everyone and welcome to my May income report. This is my favourite post to write as I get to share with you how I did in the past month. The month of May was a busy one for my portfolio I had a couple of buys and some dividend increases from my investments. My income was down slightly from last May that is due to my decision to sell Proctor & Gamble last year.

My portfolio currently consists of 25 stocks and 1 ETF, they are split into two accounts the Tax Free Savings Account (TFSA) and the Registered Retirement Savings Plan (RRSP). I received $284.35 in May, my TFSA account received $100.84 and my RRSP account received $183.51.

TFSA

Inter Pipeline $17.87
Boardwalk Real Estate Investment Trust $17.63
Chorus Aviation $17.28
The Keg Royalties Income Fund $15.24
Artis Real Estate Investment Trust $13.95
Boston Pizza Royalties Fund $12.31
Corus Entertainment $6.56

RRSP

Royal Bank of Canada $66.99
Bank of Montreal $62.48
BMO US Dividend ETF $31.29
Pizza Pizza Royalty Corp $16.76
Potash Corp $5.99

2016 vs 2017 Dividends

As you can see compared to last May my income decreased by $4.18. The drop was due to my selling Proctor & Gamble shares last year. I almost got my income back up to the same level thanks to dividend increases from several stocks and a couple of acquisitions.

Dividends Year to Date

In the first five months of 2017 I have received a total of $1,764.16. I have set a goal this year of receiving $4,000. In June if all goes well I should receive over $300 and with June ending the first half of 2017 that would put me on the path to achieving my goal.

Buys/Sells

I made two purchases in May.

  1.  May 9th purchased 23 shares of Power Corp (ticker : POW) @$31
  2. May 11th purchased 25 shares of Enbridge (ticker : ENB) @$54.85

 

Increases/Decreases

May has busy for me in this area, I received 4 increases.

  1. May 4th Enbridge raised the dividend 5% to $0.61 from $0.583. This is the second raise from Enbridge this year.
  2. May 9th Telus raised their dividend to $0.4925 from $0.48.
  3. May 9th Power Corp raised their dividend 7% to $0.3585 from $0.3350
  4. May 24th Bank of Montreal raised their dividend 2.3% to $0.90 from $0.88

 

So that wraps up my May income report. I hope you all had a great month and received lots of dividends. I would like to thank you for reading I appreciate your support.

Take care

Matthew

Thanks Power Corp., Telus and BMO

Hi guys in May I received three dividend increases and I thought I would share them with you. It is always nice to receive money for doing nothing, I should know as I work 7 days a week. So far in 2017 I have received 12 dividend increases and one special dividend.

My first increase came on May 9th from Telus.

00a68-telus-birdies

TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions. The Company operates through two business segments: Wireless segment and Wireline segment. Its wireless and wireline businesses are primarily operated through TELUS Communications Company (TCC). The Company offers business services, including healthcare, across wireless and wireline are supported through TELUS sales representatives, product specialists, independent dealers and online self-serve applications for small and medium-sized businesses (SMBs).

(Source Google Finance)

On May 9th the Board of Directors at Telus announced an increase to the company’s dividend, the 13th since 2011. The new dividend will be $0.4925 from $0.48 and is payable on July 4th to shareholders of record on June 9th. This will be my 4th increase I have received from Telus since owning the stock.

Income

I currently own 100 shares so with the increase my income will increase $1.25 per quarter or $5 annually.

The second increase I received came from Power Corp.

Power Corp

 

Power Corporation of Canada is a diversified management and holding company. The Company has interest in the financial services, renewable energy, communications and other business sectors. Its principal asset is the controlling interest in Power Financial Corporation (Power Financial). Its segments are Great-West Lifeco Inc. (Lifeco), IGM Financial Inc. (IGM) and Pargesa Holding SA (Pargesa). Lifeco offers life insurance, health insurance, retirement and investment services, and is engaged in the asset management and reinsurance business. IGM is a financial services company operating in Canada, primarily within the advice segment of the financial services market. Pargesa is a holding company with diversified interests in Europe-based companies active in various sectors, such as minerals-based specialty solutions for industry; cement, aggregates and concrete; testing, inspection and certification; wines and spirits, and electricity, natural gas and energy and environmental services.

(Source Google Finance)

Also on May 9th the Board of Directors at Power Corp. (ticker: POW) announced a 7% increase to the dividend. The new dividend is $0.3585 from $0.3350 and is payable on June 30th to shareholders of record on June 9th. This marks the third consecutive year that they raised the dividend. I have owned the stock since 2016 and this marks the second increase I have received from them.

Income

I currently own 59 shares of Power Corp. with this announcement my income increases $1.39 per quarter or $5.56 annually.

My third increase announcement came from Bank of Montreal (BMO)

641cf-bmo_logo_eo_site

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets. The P&C business includes two retail and business banking operating segments, such as Canadian Personal and Commercial Banking (Canadian P&C), and the United States Personal and Commercial Banking (U.S. P&C). The Bank’s Wealth Management business serves a range of client segments, from mainstream to ultra-high net worth and institutional, with an offering of wealth management products and services, including insurance. BMO Capital Markets is a North American-based financial services provider offering a range of products and services to corporate, institutional and government clients. The Bank has over 1,500 bank branches in Canada and the United States.

(Source Google Finance)

On May 24th the Board of Directors at Bank of Montreal (ticker: BMO) announced a 2.3% increase to the dividend. The new dividend will be $0.90 from $0.88 and will be payable on August 28th to shareholders of record on August 1st. I have owned shares of the bank since 2014 and this is the 6th increase I have received.

Income

I currently own 71 shares of BMO and my income will increase $1.42 per quarter or $5.68 annually.

Combined these raises increased my annual income $16.24 not a huge amount but pretty good for not having to do anything. Also with BMO and Telus over the last several years they have been boosting their dividends semi-annually so if all goes well shareholders should be receiving another raise later this year.

Thanks for reading everybody and congrats on the raises if you own these stocks.

Take care

Matthew

 

 

 

Second Purchase of May

Just two days after purchasing shares of Power Corp, I have made my second purchase of the month. On May 11th I purchased more shares of Enbridge (TSX: ENB).

enbridge-logo

About Enbridge

Enbridge Inc. is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System. Gas Distribution consists of its natural gas utility operations, the core of which is Enbridge Gas Distribution Inc. Green Power and Transmission consists of its investments in renewable energy assets and transmission facilities. Renewable energy assets consist of wind, solar, geothermal and waste heat recovery facilities in Canada. Energy Services undertake physical commodity marketing activity and logistical services, and oversee refinery supply services.

(Source : Google Finance)

Reasons for Purchase

  • Became largest energy infrastructure company in North America following the Spectra Energy acquisition on February 27th, 2017.
  • Raised dividend for 22 consecutive years (15% this year)
  • Forecast the dividend to grow 10% to 12% per year through 2024.
  • Has $27 billion in secured growth programs. $2.4 billion of which has been brought into service earlier in 2017, and another $11 billion for the rest of 2017. Which will have positive impact on future earnings and cash flow.

Dividend

Enbridge has increased it’s dividend for 22 consecutive years. It has grown 15% this year alone. Management has forecast dividend growth of 10% to 12% per year though to 2024.

Transaction Details

Before May 11th I owned 94 shares of Enbridge (ticker: ENB).

I added 25 shares with my new purchase at a cost of $54.85. The total cost of my trade is 25 x $54.85= $1,371.25 + $9.99 (trading cost) = $1,381.24.

Now I own 119 shares with an average cost of $55.26

Income

My 25 shares will add $15.25 in quarterly income. Annually my income will increase $61.

 

So what do you think of my purchase? Do you own Enbridge or plan on owning the stock? Send me a comment I enjoy reading your comments. Thank you for reading I appreciate you stopping by.

Take Care

Matthew

 

New Purchase – Power Corp

Well it took me awhile but I finally did it, I made another purchase. On May 9th, 2017 I purchased shares of Power Corporation of Canada.

Power Corp

What Is Power Corp?

Power Corporation of Canada is a diversified management and holding company. The Company has interest in the financial services, renewable energy, communications and other business sectors. Its principal asset is the controlling interest in Power Financial Corporation (Power Financial). Its segments are Great-West Lifeco Inc. (Lifeco), IGM Financial Inc. (IGM) and Pargesa Holding SA (Pargesa). Lifeco offers life insurance, health insurance, retirement and investment services, and is engaged in the asset management and reinsurance business. IGM is a financial services company operating in Canada, primarily within the advice segment of the financial services market. Pargesa is a holding company with diversified interests in Europe-based companies active in various sectors, such as minerals-based specialty solutions for industry; cement, aggregates and concrete; testing, inspection and certification; wines and spirits, and electricity, natural gas and energy and environmental services.

(Source : Google Finance)

Organization Chart

Organization Chart

(Source: Power Corporation’s website)

Dividend

In 2015 the dividend was increased for the first time since the financial crisis in 2008. Power Corp has since raised the dividend for three consecutive years. The latest increase occurred on May 12, 2017 when it was increased 7% to $0.3585 from $0.3350.

Transaction Details

Before the purchase I currently owned 36 shares of Power Corp (ticker: POW) at an average cost of $27.07.

On May 9th, 2017 I purchased 23 new shares at $31.00 = $713.00 + 9.99 (trading fee) = $722.99.  After the trade I now own 59 shares and the average cost has increased to $28.77.

Income

The 23 new shares will boost my quarterly income by $8.25. Annually my income will increase by $33.

Well guys there you have my first purchase since March and just my third this year. Thank you for reading. Please feel free to share your thoughts on my purchase I enjoy your feedback.

Thanks again for stopping by I appreciate it.

Matthew

Second Raise From Enbridge In 2017

enbridge-logo

Hey fellow investors how are you? Today’s post is about Enbridge raising their dividend for the second time this year. Back in January Enbridge announced a 10% increase to the dividend marking the 22nd consecutive year that the company has raised the dividend. Also during that announcement the company stated that after they closed the acquisition of Spectra Energy which was completed on February 27, 2017 that the dividend would be raised again for a total increase of 15% in 2017.

About Enbridge:

Enbridge Inc. is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System. Gas Distribution consists of its natural gas utility operations, the core of which is Enbridge Gas Distribution Inc. Green Power and Transmission consists of its investments in renewable energy assets and transmission facilities. Renewable energy assets consist of wind, solar, geothermal and waste heat recovery facilities in Canada. Energy Services undertake physical commodity marketing activity and logistical services, and oversee refinery supply services.

(Source: Google Finance)

Announcement

On May 4th the Board of Directors announced an increase of approximately 5% to the common share dividend. The new dividend is now $0.61 (previously was $0.583). The new dividend is payable on June 1, 2017 to shareholders of record on May 15, 2017.

Impact On Portfolio

I currently own 94 shares of Enbridge which were purchased in 2014. This raise is the 4th that I have received.

My income will increase $10.16. If I include the January dividend increase my forward income grows to $30.08.

Congrats to all of the other shareholders on receiving this raise.

Thanks for reading

Matthew

April 2017 Income

money gif

Hello everyone and welcome to my April 2017 income report. This is my favourite time of the month when I get to share with the world how many dividends I received, and also I get to read other bloggers income reports which provide me with inspiration. April saw me receive dividends from 16 companies and 1 ETF. My year-over-year growth for the month was 16.4% from April 2016. Most of this growth was from dividend increases I received earlier in the year and reaffirmed why I chose to focus my investing strategy on dividend paying stocks.

My portfolio consists of two accounts first a Tax Free Savings Account (TFSA) and the Registered Retirement Savings Plan (RRSP). In my TFSA I received a payment from all 8 companies that are in the account for a total of $116.08. For my RRSP I had 8 stocks and 1 ETF pay me for a total $287.74. Combined I received $403.82 the second consecutive month in which I have crossed the $400 mark. This is a significant increase over 2016 where I received $346.87.

So let’s take a look at what I received in each account.

TFSA

Inter Pipeline $17.87
Boardwalk Real Estate Investment Trust $17.63
Chorus Aviation $17.28
The Keg Royalties Income Fund $15.24
ZCL Composites Inc. $15.24
Artis Real Estate Investment Trust $13.95
Boston Pizza Royalties Fund $12.31
Corus Entertainment $6.56

RRSP

BCE $78.93
TransCanada $63.75
Telus $48.00
Algonquin Power & Utilities $47.78
BMO US Dividend ETF $31.29
Pizza Pizza Royalty Corp. $16.76
Alimentation Couche-Tard $0.81
North West Company $0.32
Leon’s Furniture $0.10

Year-over-Year Dividend Comparison

So far as you can see I have surpassed my totals in every month. I am hoping this trend will continue throughout 2017.

Dividend Goal

At the beginning of 2017 I set a goal of wanting to receive $4,000 in dividends this year. Last year I received just over $3,500. To help display this goal I thought I would add a gauge to show you how far along I am in achieving this goal. Through the first four months of 2017 I have received $379 more this year than last.

Buys/Sells

I did not buy or sell any stocks in April.

Dividend Increases/Decreases

I did not receive any increases or decreases in the month of April. I am hoping to receive some increases in May.

 

Thank you so much for reading my April income post. I hope each and every one of you had great month as well. I can’t wait to read your posts. If you have a comment please feel free to leave one I enjoy reading them.

Please share the post with others 🙂

Thanks

Matthew

2017 Goal Review #1

Hi everyone hope all is well with you. Today’s post is going to be about reviewing the goals that I set for myself back in January. If you would like to read that post please click here. This is only the second year that I have set goals and thought it would be a good idea to do quarterly reviews to help keep me accountable. This year I decided to focus a bit more on personal finance, I am attempting to improve my finances by saving more and eliminating debt. Don’t worry though I added a couple investing goals 🙂

2017 goals image

So let’s get started. FYI all numbers below are as of April 1st.

Personal Finance

  • Eliminate $3,818 loan
  • Increase savings to $6,000

This year I set two goals for personal finance, first I wanted to eliminate my loan of $3,818. I have $1,247.03 remaining so I have paid off 67% of the loan. I am hoping to have the debt gone by the end of April as I will receive my income tax return and get paid twice by my main employer.

My second goal was to have an emergency fund of $6,000. At the start of the year I only had $2,500 set aside in case of an emergency and I don’t feel comfortable with that. Well folks about a week after I wrote about my 2017 Goals I picked up a part-time job. With the new job I will achieve my goal rather quickly that is why I am going to increase my goal to $10,000. As of  April first I had increased my savings to $4,333.20. Another way I am building up my savings is by getting another credit card. In March I signed up for the Tangerine MasterCard Cash Back card where I will get three categories (Gas, Groceries, Restaurants etc…) of 2% cash back and each month that will be deposited into a savings account.

Portfolio/Investing

  • Invest $4,000
  • Receive $4,000 in dividends

My first goal was to invest $4,000 this year so far I have invested $700. Once my loan is paid off I will be able to put more money towards investing. My second goal was to receive $4,000 in dividends, last year my goal was to receive $3,500 and I achieved that so I decided to try and crack the $4k barrier. So far in 2017 I have received $1,075.99 at the moment I am on track so fingers crossed 🙂 If my investments continue to raise their dividends I believe I can reach my goal.

Blog

  • Have 15,000 page views
  • Have 30 followers

I set a couple of goals for this blog. First try and get 15,000 page views so far I have received only 3,015 views averaging about 1,000 per month leaving me 3k short so I need to pick up the pace. For my second goal I have been having much better success, at the beginning of the year I had 6 followers and I have since gained 13 for a total of 19. Thank you to all who follow I appreciate it.

Twitter

  • Have 1,500 followers

I thought I would add a social media goal this year so I am attempting to have 1,500 by the end of the year. At the beginning of 2017 I had 788 followers, at the end of March that had increased to 981 for a gain of 193. Thanks for following everybody. If you would like to follow me on Twitter please click here.

That wraps up my 2017 goals review, I would like to thank everyone for reading. Please share if you like the post. I hope everyone is on track with their goals this year.

Thanks again take care

Matthew

March 2017 Income Report

Hi everyone it’s the first week of April so that means it’s time for my favourite post. I hope you all had a terrific month and collected lots of dividends. March for me was fantastic I had the best month since becoming a dividend investor in terms of receiving dividends. For the first time ever I collected over $400.

My total for March was $424.96 last month compared to $249.31 in March 2016. I had 14 companies and 1 ETF pay me. My portfolio consists of two accounts the Tax Free Savings Account (TFSA) and Registered Retirement Savings Plan (RRSP). In my TFSA I received $177.03 which is a record a big reason why was a special dividend paid by ZCL Composites Inc. For my RRSP account I received $247.93.

TFSA

ZCL Composites Inc $82.55
Inter Pipeline $17.87
Boardwalk Real Estate Investment Trust $17.63
The Keg Royalties Income Fund $15.24
Artis Real Estate Investment Trust $13.95
Boston Pizza Royalties Fund $12.31
Chorus Aviation $10.92
Corus Entertainment $6.56

RRSP

Fortis $64.40
Canadian Utilities $55.41
Enbridge $54.80
BMO US Dividend ETF $29.50
Pizza Pizza Royalty Corp $16.76
Power Corp of Canada $12.06
Westjet $7.00

Dividend Chart

Red is 2017 and Blue is 2016.

Buy/Sell
In March I made two purchases one purchase was for each account.

Dividend Increases

I received two increases plus a special dividend in March.

  • On March 8th ZCL Composites Inc announced a 50% increase to the quarterly dividend increasing it to $0.12 from $0.08.
  • Also ZCL Composites announced a special dividend of $0.65
  • On March 21st BMO announced a distribution increase for US BMO Dividend ETF. It now pays a monthly dividend of $0.07 instead of $0.06600.

So folks that is my report for the month of March I hope you enjoyed reading it. Please share I always appreciate that 🙂 I hope you all had a great month as well.

Thanks for reading

Matthew