September 2017 Dividend Income

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Hello everyone and welcome to my post where I will share with you how I did last month collecting dividends. I hope you all had a great month. Personally I had a very good month, I had a big increase this September compared to last September. Last month I cracked the $400 mark for the fourth time this year. 🙂

My portfolio consists of two accounts, first is the Tax Free Savings Account (TFSA) and the second is the Registered Retirement Savings Plan (RRSP). I received dividends from 16 stocks and 1 ETF. So in September I received a total of $403.27 (2016: $285.41) an increase of  $117.86. In my TFSA account I received 107.03. In my RRSP I received $296.24.

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 Income Fund $12.31
Corus Entertainment $6.56
Canadian National Railway $6.19

In 2016 I had received $89.14 so my income has increased by $17.89. The reason for the increase this year is due to a dividend increase from Inter Pipeline. Also I increased my investment in Chorus Aviation and Boardwalk Real Estate Investment Trust. Finally I purchased my newest stock Canadian National Railway in the nick of time and received my first dividend from them.

Fun fact with the dividends this month my TFSA account has crossed the $1,000 mark in dividends received. Last year I only received $873.40 and that was for the whole year. I am very happy with the progress of this account 🙂

RRSP

Enbridge $88.45
Fortis $64.40
Canadian Utilities $55.41
BMO US Dividend ETF $31.29
Power Corp $21.15
Pizza Pizza Royalty Corp. $16.76
Exco Technologies $8.00
Westjet $7.00
Alimentation Couche-Tard $3.78

In 2016 I had received $196.27 so my income has increased by $99.97. Some of the reasons for this big jump is due to dividend increases from Enbridge (2), Fortis, Canadian Utilities, Power Corp and Alimentation Couche-Tard. I also made additional investments in Enbridge, Westjet and Alimentation Couche-Tard. Also purchased a new stock Exco Technologies  

This is my first dividend from Enbridge since I purchased an additional 51 shares back in May and June and that boosted my income by $31.13.

2016 vs 2017 Dividends

2017 Dividend Goal

Back in January I set a goal of wanting to receive $4,000 in dividends this year. Well after September as you can see I have collected $3,221.13 with three months to go in 2017. I feel very confident that I will reach my goal.

Buy/Sell

I made one stock purchase in Sept.

  • On Sept 7th purchased 15 shares of Canadian National Railway

I did not sell any stock in Sept.

Increases/Decreases

I did not receive any dividend increases or decreases this month.

 

Well folks there you have it my September income report. I hope you enjoyed reading this post, I enjoy sharing my progress with you. I also hope that you had a great month as well.

Thanks for reading

Take care

Matthew

 

29 thoughts on “September 2017 Dividend Income”

  2. Congrats on a record high for September and a 4th month of hitting the $400 mark this year. That is pretty impressive. Still three months left to go too. Plenty of time to hit your year end goal. Looking forward to seeing you cross the 4k mark and maybe even a $500 month. Keep it up!

    Liked by 1 person

    1. Thanks I thought the odometer would look good lol. Back in May I just missed the ex-dividend date with my purchase of a Enbridge so I was glad to squeak in Canadian National Railway last month. Thanks for reading my post.

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  5. Hello: I posted your update in a Facebook group, and here is what one seasoned investor said in his comments. I thought you’d find this interesting.

    ” Back testing shows one would get greater returns by simply buying the top 10 holdings of BMO Low Volatility Canadian Equity ETF (ZLB). Heck, even buy and holding ZLB by itself gets better numbers.

    ZLB was incepted in Oct 2011. The annual average return for the 2012 to 2017 period was 15.78%. The return to today’s close (YTD) was 7.71%. The YTD return for ZLB’s top 10 (per Dec 31, 2016 holdings) was 15.78%.

    In comparison the “Strategy”, per the article, had an average annual return of 9.28% over the 2012 to 2016 period and a 6.02% YTD return.

    My calculations assumed an equal weighting of the ZLB top 10 and “Strategy” current 10 picks.

    Liked by 1 person

    1. Thanks Helen for posting my update in your group. If I may ask what is the name of your group? I will definitely take a look at ZLB. Thanks for reading and sharing my post.

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  11. That’s a great month and you’re totally on track to hit 4k for the year. Looks like October will be at least another $400 month based on how it looked last year – maybe even $500 if this month’s growth continues into next month.

    Liked by 1 person

    1. Thanks. Yes October I am hoping will be another $400 plus month. Not sure about $500 but I would love to see that 🙂 thanks for stopping by and leaving a comment I appreciate it.

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  12. Awesome month Matthew! IT has to be nice to receive dividend checks from a recent investment. Nothing like seeing you income total shoot through the roof after the addition. You are making great progress on your goal as well and are knocking on the doorstep of $4,000. Should easily crush it by December!

    Bert

    Liked by 1 person

    1. Thanks Bert yes it is great seeing a recent investment pay me a dividend 😀 thanks for stopping by. You guys had a great month as well congratulations. Yes I should definitely reach my goal I am super excited.

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  14. Knocking on $4K. You are in good shape to hit your goal for 2017. Keep up the good work and nice growth rate too. Nice list of solid Canadian payers. Stick with those quality names.

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