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.
- May 9th purchased 23 shares of Power Corp (ticker : POW) @$31
- 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.
- May 4th Enbridge raised the dividend 5% to $0.61 from $0.583. This is the second raise from Enbridge this year.
- May 9th Telus raised their dividend to $0.4925 from $0.48.
- May 9th Power Corp raised their dividend 7% to $0.3585 from $0.3350
- 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
Not a bad month overall, a little less than last year but that will improve next year for sure! Keep up the good work
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Thanks
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Nice job Matthew! Shame about the sale and therefore decrease, but I’m sure that money went to better use 🙂
Mr DDU
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Thanks Mr. DDU the money went into a US ETF to better diversify my portfolio.
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Good job you will get it back up on no time at all. You still made good money this month. Keep it up.
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Thanks
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Any reason to sell PG,i still hold it,Congrats another fine month.
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I like PG the only reason why I sold was to better diversify my portfolio. Thanks for stopping by 😀
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I currently own a small quantity of Enbridge shares and I wanted to buy more by selling put options with a strike price of $50 per share. It will expire in January 2018, I am hoping to buy it cheaper than $50 per share.
It’s great to get dividend increases for stocks that you already own. Hopefully, we will have a good month in June with more increase.
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I have never bought or sold options before hopefully the stock will go lower so you can add some shares. Hope you have a good June as well.
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