Busy Week of July 8th to the 12th

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Hi everyone I hope you are all well and getting a chance to enjoy summer. Today’s post is going to take a look back at last week. Last week turned out to be a busy week for my portfolio. Last Tuesday as you know I purchased Transcontinental here is the link to that post. After that though I made three more purchases and one sell, also I made a decision in regards to my Tax Free Savings Account which I think will help grow the account quicker.

DRIP

Yes the drip (dividend re-investment plan) folks, on Wednesday July 10th I contacted my brokerage and asked them to turn on the drip for every stock in my Tax Free Savings Account. As you know over the last couple of years I have turned the drip on and off as I wasn’t able to make up my mind. I have chose to turn it on because I believe this will help grow my dividend income quicker in the years ahead. It is my goal double, triple and quadruple this account over the next few years.

I don’t think I will be able to drip any new shares in July so it should start in August 🙂

Diversified-Royalty

On July 11th I purchased 70 shares of Diversified Royalty Corp for my Locked In Retirement Account. I decided to add to my position within this company has I had some money available and wanted to put it to work for me. The company pays a monthly dividend of $0.0185 so this purchase will boost my income by $1.29 per month and $15.48 annually.

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On July 12th I decided to sell my 42 shares in Alimentation Couche-Tard and take my 39% profit that I had since I first started buying the shares. I really like the company and maybe in the future I will buy their shares again. I sold because I wanted to invest in two of my bank stocks. I gave up capital appreciation for dividend growth.

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The first stock that I used the proceeds on from Couche-Tard sale is the Bank of Montreal I purchased an additional 20 shares. BMO is one of the very first stocks I purchased when I started buying individual stocks. I am very happy to have been able to buy more shares. BMO pays a quarterly dividend of $1.03 per share. With this purchase my quarterly income will increase $20.60 and annually by $82.40.

RBC-use-1

The second buy from the Couche-Tard sale is Royal Bank of Canada. Royal Bank is also one of the very first stocks that I bought and I am always happy to buy more shares in this bank. On July 12th I was able to buy an additional 19 shares. Royal Bank of Canada pays a quarterly dividend of $1.02 and these new shares will boost my quarterly income by $19.38 and annually by $77.52.

After all these transactions my forward dividend income now stands at $7,690.

Well fellow investors what do you think of my decisions? Please feel free to let me know.

Thanks for reading!

Matthew

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New Purchase

Transcontinental

Hi everyone thanks for stopping by. Today I just wanted to share with you a new purchase I made. On July 8th I purchased 110 shares of Transcontinental (Ticker: TCL.A). The stock was purchased in my Tax Free Savings Account.

Company Description

Transcontinental Inc is a Canada-based printing company. The Company has operations in print, flexible packaging, publishing and digital media, both in Canada and the United States. The Company’s segments include the Printing and Packaging Sector, and the Media Sector. The Printing and Packaging Sector includes the manufacturing activities of the Company, and generates revenues from various activities, such as the printing of retail flyers, magazines, newspapers, color books, personalized and mass marketing products, and the production of flexible packaging solutions in Canada and the United States. The Media Sector generates revenues through print and digital publishing products, in French and English, of various types, such as newspapers, educational books, specialized publications for professionals, retail promotional content, mass and personalized marketing, mobile and interactive applications, and geotargeted door-to-door and digital distribution services.

Source: RBC Direct Investing

Over the last several months Transcontinental has popped up on my radar as I have seen other dividend investors purchase the stock. The company has been performing nicely in my opinion in terms of financials and executing their business plan. The stock is trading much closer to its 52-week low ($14.05) than its 52-week high ($32.36). The P/E ratio currently is 9.31 which is cheap.

The company has been increasing its dividend for the last 17 years. The payout ratio currently stands at 55.92% according to Yahoo Finance which provides the company to continue to raise the dividend if they choose. The dividend is paid quarterly at $0.22 per share.

The Purchase

I bought 110 shares @$14.75. This purchase will boost my income by $96.80 annually.

So what do you think of my purchase? Do you own the stock?

Thanks

Matthew

June 2019 Dividend Income

Hello and welcome everyone to my June income post. Also today is Canada Day so I would like to wish my fellow Canadians a happy and safe holiday.

Canada Day

June was a busy month for me in terms of dividends received. I had a great month, it was the best month I had in which no special distributions were paid out by any of my investments. I received payments from 17 stocks and 1 ETF. My income collect from these stocks came in at $718.53.

June money gif

The income breakdown per account is as follows:

  • RRSP $412.07
  • TFSA $227.49
  • LIRA $78.97

In June most of my US stocks paid me so my US income was higher this month here is the currency breakdown for June.

  • USD $75.60
  • CDN $642.93

To keep things nice and easy I pretend the US money is Canadian that way I don’t have to convert it.

RRSP

2018 2019
Enbridge $98.64 $112.91
Power Corp $44.31 $93.56
Fortis $85.43 $93.15
Inter Pipeline $36.85
Lockheed Martin $17.60
Home Depot $16.32
Johnson & Johnson $18.59 $15.20
Bank of America $5.70 $10.80
Realty Income $13.44 $10.62
Microsoft $5.97 $5.06
Canadian Utilities $61.35
US Dividend ETF $31.88
Pizza Pizza Royalty Corp $17.04
Total $382.35 $412.07

New investments as well as dividend increases paved the way for growth in my RRSP. I did eliminate three positions, well really only two as Canadian Utilities is now in my TFSA account. You may notice that my US stocks paid me more last year well that was when my brokerage was converting the income for me. As mentioned above I now keep the US income in US dollars.

TFSA

2018 2019
Canadian Utilities $65.10
BMO International Dividend ETF $38.79
Inter Pipeline $32.76 $34.84
Keg Royalties Income Fund $15.70 $28.38
Plaza REIT $23.73 $24.61
Chorus Aviation $17.56 $18.16
Canadian Apartment Properties REIT $9.20 $9.55
Canadian National Railway $6.83 $8.06
Artis REIT $14.31
Boston Pizza Royalties Fund $12.31
Corus Entertainment $18.24
ZCL Composites Inc $90.80
Total $241.44 $227.49

My income decreased slightly here only because ZCL Composites Inc was bought and taken private earlier this year, so I no longer receive that special distribution.

LIRA

2018 2019
Enbridge $76.75
Diversified Royalty Corp $2.22
Enbridge Income Fund $26.55
Total $26.55 $78.97

Not too much happening in this account 🙂

2016 To 2019 Dividends

Dividend Goal 2019

With the start of the second half of the year beginning today I look back at the first half and realize that I am pretty close to being on track to achieve my goal of receiving $8,000 in dividends this year. At the end of May I must admit I was having some doubts but now after looking at the gauge above I believe I can do it. I will just need to make some more purchases.

Stock Buy

  • Bought 7 shares of AbbVie

I bought 7 shares last week when the news broke that AbbVie was going to buy Allegren for $63 billion and the stock dropped 16%. This purchase added $29 to my forward dividend income.

Dividend Increases

  • Realty Income
  • Andrew Peller Ltd
  • Bank of America

These three increases I received will boost my forward dividend income by a further $9. After the increases and one purchase I made in June my forward dividend income now stands at $7,439.

Well folks that is a wrap on my June income post. I hope all of you had a great month as well. Please feel free to let me know how you did in the comment section.

Take Care!

Thanks

Matthew

 

May 2019 Dividend Income

May income

Hello and welcome to my dividend income post for May. In this post I will show you everything that happened in my portfolio. I will share all of the income I received from the 14 stocks and 1 ETF that paid me. Also all of the dividend increases (5) that I received and finally all of the trades I made (5).

In May I was paid a total of $482.69 from 14 stocks and 1 ETF in all three of my investment accounts. The account breakdown is as follows:

  • RRSP $261.21
  • TFSA $219.26
  • LIRA $2.22

Two of the stocks that paid me were US based and so I received some US money. Here is the breakdown of the currency that was received:

  • Canadian $407.87
  • US              $74.82

To keep things nice and easy I pretend the US money is Canadian that way I don’t have to convert it.

RRSP

2018 2019
Royal Bank of Canada $72.38 $78.54
Bank of Montreal $66.03 $71.00
AbbVie $64.20
Inter Pipeline $36.85
Realty Income $13.14 $10.62
BMO US Dividend ETF $31.81
Pizza Pizza Royalty Corp $16.97
Total $200.33 $261.21

A quiet month for my RRSP account as not too many stocks pay me. My income did see a nice increase from my purchases of AbbVie and Inter Pipeline last December.

TFSA

2018 2019
Laurentian Bank $61.75
Inter Pipeline $32.62 $34.84
Keg Royalties Income Fund $15.70 $28.38
Plaza REIT $23.61 $24.61
BMO International Dividend ETF $22.23
Chorus Aviation $17.48 $18.16
Boston Pizza Royalties Fund $12.31 $12.31
Canadian Apartment Properties REIT $8.85 $9.55
Artis REIT $14.22 $7.43
Corus Entertainment $18.05
Total $142.84 $219.26

A fairly busy month for my TFSA since most of the stocks are monthly dividend payers. The big reason for the income boost is from Laurentian Bank which I bought last fall.

LIRA

2018 2019
Diversified Royalty Corp $2.22
Enbridge Income Fund $26.55
Total $26.55 $2.22

2016 To 2019 Dividends

Dividend Goal For 2019

As you can see I was able to cross the $3,000 mark in May. I am off track of reaching my goal of $8,000 but I am happy at my progress this year.

Stock Buys/Sells

Buys

I made the following buys in May.

  • Bank of Nova Scotia 18 shares
  • Power Corp 48 shares
  • BMO International Dividend ETF 184 shares

Sells

I sold two stocks this month.

  • Artis REIT
  • Boston Pizza Royalties Fund

 

Dividend Increases

May was a good month for my portfolio in terms of dividend increases. I received five raises, here they are.

  • Telus increases the dividend to $0.5625 up from $0.5450
  • Power Corp increases to $0.4050 up from $$0.3820
  • Algonquin Power & Utilities increases to $0.1410
  • Bank of Montreal increases to $1.03 up from $1.00
  • Laurentian Bank increases to $0.66 up from $0.65

 

Well folks that is all of my news for the month of May. I hope you all had a great month! Please feel free to share how you did in May in the comment section.

Thanks

Matthew

May Buys and Sells

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Hello fellow investors and welcome to my latest post. With the title May Buys and Sells you would think I had a busy month of trading which is not the case. The truth is I did all of my transactions in one day May 28th. I made three purchases and sold two stocks. Four of the trades were made in my TFSA (Tax Free Savings Account) and the other was in my RRSP (Registered Retirement Savings Plan).

I made these moves in an attempt to improve my geographic asset allocation and to add to my position in some of the stocks I currently hold.

Let’s get to the good stuff shall we! I will begin with the stocks I sold.

Sold

Artis REIT

I have held onto Artis REIT for a couple of years now and finally made the decision to sell for a couple of reasons. First last year they cut their dividend by 50%, as a dividend investor I don’t love cuts. When the cut was announced I decided to wait until the share price recovered before I sold. The second reason why I sold was because I held five REIT’s and that is probably too many to have.

When I sold the stock the share price had gained 14.6% so I was able to make some money out of my investment. With this decision I will lose $89.16 in dividends.

This transaction took place in my TFSA.

The second stock I sold was:

Boston Pizza

I bought Boston Pizza Royalties Fund a couple of years ago at the same time as Artis REIT. Selling a stock is never really an easy decision but the main reason why I chose to sell this time is because their has been no dividend growth since I have owned the stock, and not sure if there will be any increases in the near future.

When I sold my shares had increased by 9.34% so like above I made some money on this investment. I will lose $147.72 in dividends.

This transaction took place in my TFSA.

Buys

My first purchase on the day was:

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I decided to add to my position in ScotiaBank before the purchase I had a small position in the bank. The share price dropped after the bank announced it’s second quarter earnings. I had been watching the stock for awhile and the share price had been declining slowly when it dipped below $69 I made my move.

I bought an additional 18 shares @ $68.85. I now hold a total of 45 shares of the bank. The bank pays a quarter dividend of $0.87 and these additional 18 shares will add $62.64 in dividends to my forward income.

This transaction took place in my TFSA.

My second purchase was:

BMO ETF

I purchased BMO International Dividend ETF. This buy was to add to my position that I already have in the ETF. I hold this ETF to diversify my portfolio away from Canada. The ETF currently holds 104 international stocks with a strong focus in Europe and Asia. I have been wanting to increase my position for some time now and when I sold the two stocks mentioned above I knew right where to put that money.

The ETF currently pays a monthly dividend of $0.09. I bought an additional 184 shares bringing my share total to 431. These additional shares will add $198.72 in dividends to my forward income.

This transaction took place in my TFSA.

My third and final purchase is:

Power Corp

 

I decided to add to my position in Power Corp when I saw the share price come back down from just over $32. Since I first bought the stock the share price hasn’t really moved to much but the company did start increasing it’s dividend and I believe the stock will start to go higher over time.

Power Corp currently pays a quarterly dividend of $0.4050. I bought an additional 48 shares to bring my share total to 231. These 48 shares will add $77.76 in dividends to my forward income.

 

Well folks that was all the buying and selling I did in May. Did you guys make a lot of trades??

Thanks for reading

Matthew

April 2019 Dividend Income

April Income Post Pic

Hello everyone and welcome to dividend income post where I will share with you what I received in April. I hope you all had a fantastic month. I feel like I say this a lot but April was another record month for me in terms of income. I made one purchase in the month and that helped my income as that stock paid a special distribution. On the buying front I have been pretty quiet so far this year, I’m trying to build up some cash. What are you guys doing are you keeping cash on hand or finding some good buys?

Well let’s get to the numbers shall we. I received $760.47 for the month of April, this is the first time that I crossed into the seven hundred dollar mark. I received 22 paychecks spread over three accounts and the breakdown is as follows:

  • RRSP – $420.14
  • TFSA – $338.31
  • LIRA – $2.22

The money came in two currencies as I do own US stocks. However to keep things simple I use one currency (Canadian) for these posts. The currency breakdown for April is:

  • USD – $100.44
  • CDN – $600.23

Registered Retirement Savings Plan (RRSP)

2018 2019
BCE $101.93 $110.95
TransCanada $70.38 $109.50
Telus $50.50 $56.68
Altria Group $48.80
Algonquin Power & Utilities $45.08 $41.02
Inter Pipeline $36.85
Realty Income Corp $12.92 $10.62
Alimentation Couche-Tard $3.78 $5.25
North West Company $0.32 $0.33
Leon’s Furntiture $0.12 $0.14
BMO US Dividend ETF $31.74
Pizza Pizza Royalty Corp $16.90
Total $333.67 $420.14

The increase with this account is mostly due to new investments that were made last year. Although dividend increases from BCE, TransCanada and Telus helped nicely as well.

Tax Free Savings Account (TFSA)

2018 2019
European Residential REIT $155.00
Inter Pipeline $32.48 $34.49
Keg Royalties Income Fund $15.70 $28.38
Plaza REIT $23.49 $24.61
Bank of Nova Scotia $23.49
BMO International Dividend ETF $22.23
Chorus Aviation $17.40 $18.16
Boston Pizza Royalties $12.31 $12.31
Canadian Apartment Properties REIT $8.85 $9.55
Artis REIT $14.13 $7.43
Andrew Peller Ltd $2.31
Corus Entertainment $17.86
ZCL Composites Inc $30.65
Total $172.87 $338.31

Huge increase here and that is thanks to European Residential REIT that is the stock I bought at the beginning of April. I made the purchase just before the ex dividend date so I could receive the special distribution.

Locked In Retirement Account (LIRA)

2018 2019
Diversified Royalty Corp $2.22
Enbridge Income Fund $26.55
Total $26.55 $2.22

Not a lot happening with this account it currently only has two stocks and one pays monthly.

2016 To 2019 Dividends

Dividend Goal For 2019

For 2019 I have set a goal of wanting to receive $8,000 in dividends. It is an ambitious goal which I will do my best to achieve. Even though I am slightly behind in where I need to be I am extremely happy about my results so far this year. At the end of April my dividends have increased $734.96 this year compared to last year.

Stock Buys

I purchased one stock in April and that was European Residential REIT. I bought 310 shares.

Dividend Increases

Last month I mentioned that I only received one increase well it turns out that I missed an increase from Realty Income Corp so I really had two in March. For April I received one increase.

  • Johnson & Johnson increased their dividend to $3.80 per share up from $3.60

 

Well folks that is a wrap for my April income post. How did you do in April? Thank you for reading I appreciate it.

Matthew

 

First Quarter Goals Review of 2019

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Hello everyone, I hope you are all doing great today. Today I am going to review my goals for 2019 and share with you my progress through the first quarter of 2019. I think these reviews are important as it allows us to see our progress, if we are struggling in a certain area maybe we can find ways to overcome those struggles. This year I created goals in three categories savings, investing & health. At this time in my life I believe these are the most important categories for me.

Let’s get to it shall we!

Savings

Have $15,000 in a high interest savings account by the end of the year.

I am going to amend this goal slightly, I’m still going to try for $15,000 in savings by the end of the year but instead of one account it will be held in two. In early April I opened an account with EQ Bank an online bank in Canada, they are currently offering an interest rate of 2.3% the highest that I could find in Canada. At the end of March my savings reached $5,000 so I am a third of the way there.

Become Debt Free

I came into 2019 owing $10,054. I owed my parents $5,000 from a loan they gave me last year and I had $5,054 left on my car loan. At the end of March my debt now stands at $7,771.34 which means I’ve paid off $2,282.66. The interest rate on my car loan is just 0.74% so I haven’t made any extra payments on it. I’ve been setting some money aside in a car fund so the current plan is to see what my balance is at the end of the year and then pay off the car.

Stop Having A One Tracked Mind

In the past I had a tendency to have a one tracked mind for example if I wanted to pay off a loan I would focus all of my money towards that until it was completely paid off by doing this I was completely ignoring my savings and investing. I don’t believe this approach is healthy for my finances and I wanted to change that.

So far through the first three months things have worked out well, on the weeks where I receive my main pay cheques (I get paid every week) I make sure some of the money goes to savings, investing and debt.

Get A Travel Rewards Credit Card

At the beginning of the year I thought it would be good to get a travel rewards credit card because at some point in the future I would probably want to travel, but now I’m not so sure. I say this because in February I signed up for the PC Financial Mastercard it’s not a travel rewards card but you do earn points that you can redeem for groceries and this seemed like the better option for me at this time.

Health

Lose 25 Pounds

Well so far I haven’t lost any weight which isn’t bad news, on the other hand I haven’t gained any either which is really good news. My plan is to continue to watch what I eat and try to stay active.

Walk At Least 70,000 Steps Per Week

With this goal I kind of underestimated how many steps I do per week. Why do I say this? I say it because I am averaging 145,000 steps per week. A shockingly high number, thanks to waking on a treadmill for an hour a day and working in a school I get plenty of steps in per day. I think it’s safe to say this goal is going to be achieved.

Investing

Receive $8,000 In Dividends

So far I have received $1,772.91 I am slightly off my goal so far as I would need $2,000 every quarter in order to reach my goal. I am however still very happy with what I have received so far as it is an increase of over $500 from what I received in 2018 in the first quarter.

Invest $15,000 In My TFSA

As of April 1st I had invested only $1,739.28 into this account. I continue to make regular contributions but I may start making larger contributions later in the year if I can reach my savings goals.

Diversify Stock Holdings 

So far this year I have bought two stocks to help in this area. Going into 2019 I was and still am weak in the Industrials and Health sectors. In order to correct this I bought shares of Lockheed Martin and AbbVie.

Well folk that is a wrap on my first quarter review of my goals. Did you set any goals for 2019 if so how are you doing?

Thanks for reading

Matthew

March 2019 Dividend Income

Canadian Currency, 100.00,  50.00,  20.00, 10.00, 5.00, dollar bills.

Hello everyone and welcome to my March income post. I hope everyone had a great month and received lots of dividends. The months of March, June, September and December are my busiest months for dividend payments from my stocks, so I’m always happy once those months end to go back and review what I received and to see if I set a new record. I am happy to report that I did indeed set a new dividend income record for a single month.

I received payments from 19 stocks and 1 ETF and my dividend received was $696.89 oh so close to the $700 figure. I received the money in all three of my accounts and the breakdown is as follows:

  • RRSP – $387.60
  • TFSA – $230.32
  • LIRA – $78.97

The money came in two currencies as I do own US stocks. However to keep things simple I use one currency (Canadian) for these posts. The currency breakdown for March is:

  • US    –    $74.78
  • CDN –    $622.11

Registered Retirement Savings Plan (RRSP)

2018 2019
Enbridge $97.30 $112.91
Fortis $68.43 $93.15
Power Corp $41.23 $69.91
Inter Pipeline $36.85
Lockheed Martin $17.60
Home Depot $16.32
Johnson & Johnson $17.16 $14.40
Bank of America $5.54 $10.80
Realty Income $13.25 $10.60
Microsoft $5.93 $5.06
BMO US Dividend ETF $29.50
Canadian Utilities $60.96
Pizza Pizza Royalty Corp 16.83
Total $356.13 $387.60

My income increased thanks to new investments in Enbridge, Fortis, Power Corp and Inter Pipeline. Also I received my first payments from Home Depot and Lockheed Martin. You might have noticed that some of my US stocks paid me less than last year. Last year’s numbers where converted into Canadian dollars, this year I received them in US currency and reporting the income as Canadian.

Tax Free Savings Account (TFSA)

2018 2019
Canadian Utilities $65.10
Inter Pipeline $32.34 $34.84
Keg Royalties Income Fund $15.70 $28.38
Plaza REIT $11.70 $24.61
BMO International Dividend ETF $22.23
Chorus Aviation $17.32 $18.16
Boston Pizza Royalties Fund $12.31 $12.31
Canadian Apartment Properties REIT $8.85 $9.20
Canadian National Railway $6.83 $8.06
Artis REIT $14.04 $7.43
Corus Entertainment $17.67
Total $136.76 $230.32

The reason for the big jump in income is from my decision to move Canadian Utilities and the BMO International Dividend ETF into my TFSA account from my RRSP. New investments in Plaza REIT and the Keg Royalties Income Fund also helped.

LIRA

2018 2019
Enbridge $76.75
Diversified Royalty Corp $2.22
Enbridge Income Fund $26.55
Total $26.55 $78.97

Currently have two stocks in this account. Last year Enbridge bought Enbridge Income Fund and brought in back into the main company and that is why I currently hold Enbridge in this account as well as my RRSP. I am still undecided if I should sell Enbridge in this account and buy other stocks, the juicy dividend is making the decision hard for me.

2016 to 2019 Dividends

So far I have been able to keep the dividends growing every month, fingers crossed I can achieve this. 2019 is off to a great start for me!

Dividend Goal For 2019

For 2019 I have set a goal of wanting to receive at least $8,000 in dividend income. In order to achieve this I need to receive $2,000 every quarter. After the first quarter as you can see I am slightly behind on my goal. Ever though I am behind I’m still extremely happy with my performance this year, from this time last year my dividends have increased by $507.38.

Stock Buys/Sells

In this area March was very quiet for me I did not buy or sell any of my stocks. I chose to be quiet on this front so I can build up some cash in my accounts. I currently have $1,400 in my TFSA and I’m looking at one stock.

Stock Of Interest

As mentioned above I am interested in one stock. The stock is:

European Commercial Real Estate Investment Trust (ERE.UN)

Why do I like it? Well I currently have North America covered when it comes to real estate and this REIT only focuses on the European market so it would help my real estate diversification. Also it was announced that the company had completed the purchase of 41 properties in the Netherlands from Canadian Apartment Properties REIT (CAR.UN). I am a fan of CAR.UN and own shares of them, they will own part of ERE.UN as well so with them still involved I believe the future is bright.

Dividend Increase

I received one increase in March and that came from Alimentation Couche-Tard which increased their dividend by 25%.

 

Well folks how was your March? I hope you received lots of dividends! Please feel free to let me know how you did in the comment section below.

Thanks for Reading

Matthew

February 2019 Dividend Income

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Hello everyone and welcome to my February dividend income post. We all know that February is best known for Valentine’s Day but I think investors should declare it the month of dividend raises. Everyday it seemed I was hearing a company raise their dividend also it seems every blogger or investor received at least 4 to 6 of these raises (I received 6).

In February I received $455.70 from 13 stocks and 1 ETF. February is one of my weaker months, but is it really weak when you receive over $400? Since January I keep my US dividends in US currency, and to keep things simple I am not converting the US currency I keep it all the same. Here is the breakdown currency wise for February.

  • US     $51.26
  • CDN $404.44

My portfolio consists of three accounts and here is what I received in each for the last month.

  • RRSP $256.80
  • TFSA $196.68
  • LIRA $2.22

RRSP

2018 2019
Royal Bank of Canada $70.07 $75.46
Bank of Montreal $66.03 $71.00
AbbVie $40.66
Inter Pipeline $36.85
BMO International Dividend ETF $22.23
Realty Income Corp $6.00 $10.60
BMO US Dividend ETF $29.50
Pizza Pizza Royalty Corp $16.76
Potash Corp $5.65
Total $194.01 $256.80

A couple of new investments (AbbVie & Inter Pipeline) late in 2018 contributed to the growth for this account. Also the dividend increases from the banks had a nice effect as well.

TFSA

2018 2019
Laurentian Bank $61.75
Inter Pipeline $18.52 $34.84
Keg Royalties Income Fund $15.70 $28.38
Plaza REIT $11.65 $24.61
Chorus Aviation $17.28 $18.16
Boston Pizza Royalties Fund $12.31 $12.31
Canadian Apartment Properties REIT $8.85 $9.20
Artis REIT $13.95 $7.43
Corus Entertainment $17.48
Total $115.74 $196.68

My purchase in October of Laurentian Bank is the big reason for the jump in income here.

LIRA

Diversified Royalty Corp $2.22

I currently own 2 stocks in this account and Diversified Royalty Corp is the only monthly paying stock.

2016 to 2019 Dividends

Everything continues to trend in the right direction in terms of dividend income flowing into the portfolio.

Dividend Goal For 2019

For this year I have set an ambitious goal of wanting to receive at least $8,000 in dividends. At the moment my forward dividend income is projected to reach $7,128 so I have some work to do.

Stock Purchases

I made three purchases in February all of them small. Two of the buys were to open new positions for me, and the other was to add to an existing positon.

  • Andrew Peller Ltd (for my TFSA) 45 shares
  • AbbVie (RRSP) 22 shares
  • Lockheed Martin (RRSP) 8 shares

 

Dividend Increases

I received six raises in February.

  • BCE raises to $0.7925 up from $0.755
  • TransCanada raises to $0.75 up from $0.69
  • RBC raises to $1.02 up from $0.98
  • ScotiaBank raises to $0.87 up from $0.85
  • Home Depot raises to $1.36 up from $1.03
  • Canadian Apartment Properties REIT raises to $0.1105 up from $0.1108

 

Well folks that will do it for my dividend post. I hope all of you had a great month and collected lots of dividends. Thank you for reading this I appreciate it.

Matthew

 

Dividend Increases 5,6,7 and 8 of 2019

Dividend increases keep on rolling in this month and I’m here to share four with you that I received in the last couple of weeks.

The first raise comes from TransCanada.

TransCanada logo

On February 14th the Board of Directors announced an 8.7% increase to the dividend. This increases the quarterly payout to $0.75 per share up from $0.69. This is the fifth raise I have received from TransCanada.

I currently own 146 shares and with this announcement my quarterly income increases by $8.76 and annually by $35.04.

 

The second raise comes from Royal Bank of Canada.

7a4ce-rbc-use

 

On February 22nd as expected Royal Bank of Canada raised their dividend. Along with Bank of Montreal, RBC has been raising their dividend every other quarter over the last few years. The announcement boosts RBC’s quarterly payout to $1.02 per share up from $0.98. This is the tenth raise I have received from the bank and I look forward to many more in the future.

I currently own 77 shares and my quarterly income will increase by $3.08 and annually by $12.32.

 

The third increase comes from a new holding for me ScotiaBank.

scotiabank_logo

 

On February 26th ScotiaBank announced a 2 cent increase to its quarterly dividend bringing the payout to $0.87 up from $0.85. This is the first increase I have received from the bank as I only bought my first shares last fall.

I currently own 27 shares and my quarterly income goes up by $0.54 and annually by $2.16.

My fourth raise is also from a new holding of mine and it is Home Depot.

Home Depot

 

On February 26th Home Depot announced a massive 32% increase to its dividend. The quarterly dividend jumps to $1.36 per share up from $1.03.

I currently own 12 shares of Home Depot and my quarterly income increases by $3.96 and annually by $15.84.

 

Congratulations if you own these stocks as well.

Thanks for reading, I’ll be back next week to share my February dividend income post with you.

Matthew