November 2017 Income

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Hi everyone welcome to my November 2017 income report. This is my favourite post to write as I get to share with you the dividends I received from my investments. The month of November was a busy month for my portfolio with a couple of buys and a sell.

My portfolio consists of two accounts the Tax Free Savings Account (TFSA) and the Registered Retirement Savings Plan (RRSP) for the month of November I received a total of $287.15 from my investments. $101.30 in my TFSA and $185.85 in my RRSP.  The months of February, May, August and November tend to be quieter months in terms of dividends received as I don’t have two many heavy hitters paying me.

Let’s get to the numbers shall we.

TFSA

Inter Pipeline $17.87
Boardwalk Real Estate Investment Trust $17.63
Chorus Aviation $17.28
The Keg Royalties Income Fund $15.70
Artis Real Estate Investment Trust $13.95
Boston Pizza Royalties Fund $12.31
Corus Entertainment $6.56

Last November my income was $89.31 so there is some nice growth this year. I achieved this growth through further investments in Chorus Aviation and Boardwalk REIT. Also through dividend increases from Inter Pipeline and The Keg Royalties Income Fund. I just want to mention this will be the last month I receive dividend income from Boardwalk REIT as I sold this stock in the month.

RRSP

Royal Bank of Canada $70.07
Bank of Montreal $63.90
BMO US Dividend ETF $29.50
Pizza Pizza Royalty Corp. $16.76
Potash Corp. $5.62

As you can see not too many stocks paid me this month. Last year in this account I received $203.71. There was a decrease this year because I had received a payment from Proctor & Gamble which I have now sold. My purchase of BMO US Dividend ETF and dividend increases from the banks helped replace some of the income but not enough.

2016 vs 2017 Dividends

As you can see there is a slight decrease in my total this year compared to last. Once again this is due to my selling of Proctor & Gamble. I should see growth return next year.

2017 Dividend Goal

As you can see I am oh so close to achieving my goal of receiving $4,000 dividends in 2017. It is safe to say I will achieve this.

Dividend Increases

  • On Nov 2nd The Keg Royalties Income Fund increased their dividend by 3.1% raising the dividend to 9.46 cents per unit from 9.18 cents.
  • On Nov 29th Enbridge raised their dividend 10% their third increase this year. The dividend goes to $0.671 from $0.61.

 

Buys/Sells

  • Sold all my shares in Boardwalk REIT.

I made two purchases this month however since I haven’t written about them I will keep you in suspense a little bit further. Sorry guys 🙂

I will write about one later this week.

Well folks that is a wrap to my income report. How did you do in November? Please feel free to share in the comment section.

Thanks for reading

Matthew

 

21 thoughts on “November 2017 Income”

  1. Congratulations, Matthew! It’s nice when goals are reached, isn’t it? My total for November was $220.74. However, I was very happy last month when after purchasing more shares of a stock, I reached my goal of doubling my annual dividend income, from $740 in 2016 to now over $1,500 in 2017. I am also happy that this morning Laurentian Bank posted great results and raised their dividend, which will give me an extra $12 and change to my portfolio in 2018.

    I want to wish all my fellow dividend investors a healthy and wealthy 2018. Onwards and upwards!

    Liked by 1 person

    1. Way to go Robert that is excellent news. Congrats on doubling your dividend income. Also congrats on the dividend increase from Laurentian Bank, I just received a raise from BMO this morning as well. Hope you have a healthy and wealthy 2018.

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    1. That is a tough one I struggle on this one. I tend to look at Morningstar see what they say. Or if your going to be investing for a long time I usually don’t worry about the valuation.

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  4. Not a bad month at all, even if it was a slight decrease. There were a few dividend increases to make up for the dividends you would have gotten from the sell. And you are just shy of your yearly goal. Can’t wait to see you blow past that and make a new milestone next month. Also wish I owned a few of those Canadian banks like you do. In due time I’m sure. Keep up the good work!

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    1. Here’s your chance. Laurentian Bank just took a beating today despite a better than expected report and raise in dividends. More news to follow tomorrow but apparently there’s a problem with a mortgage company they’re dealing with in which they’ll have to buy back some mortgages. Buy now on the pullback!

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  5. Hi Matthew, great to see that you are going to blow past your 2017 dividend goal. I’d imagine that you’ll exceed at least $300 for each month next year…. awesome work. On a fun side note… I see ‘pizza’ in both of your accounts. I’m getting hungry now. Give me some details on how that came to be.

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    1. Thanks I am hoping to achieve at least $300 each month next year. I do tend to like the food stocks here in Canada as I own three two pizza stocks and one steak. I first purchased Pizza Pizza in 2014 as they are quite popular here and continued to raise the dividend. Back in February of 2016 when I was looking to grow my TFSA I found Boston Pizza another popular restaurant chain and the rest is history 🙂

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  9. Matthew,

    Congrats my friend. These results are excellent! I’m not trying to spoil anything, but I’m sure you’ve hit your goal by now since you were so freaking close to $4,000. Your progress is truly inspiring and you are building something special here. Keep hustling and keep up the great work.

    Bert

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