February 2018 Dividend Income

February 2018

Hello everyone and thank you for stopping by. Today I will be sharing with you the dividends I received last month, and all of the other activity that happened in my portfolio. In February we saw some market volatility for the first time in a few months, and in my opinion created some buying opportunities. February might have been the busiest month ever for me. I made so many buys, I had stocks raise their dividends and I also began dripping my stocks.

Even though this won’t take effect in terms of dividends until next month in February I was able to take control of my locked in rrsp account in February, so now my portfolio consists of three accounts.

February is typically a slow month for me in terms of dividends received. The best stocks that pay me are the Canadian banks (RBC and BMO). For the month of February I received a total of $309.75. The first time I cracked the $300 mark in February, I received $115.74 in my Tax Free Savings Account (TFSA) and $194.01 in my Registered Retirement Savings Plan (RRSP).

TFSA

February 2017 February 2018
Inter Pipeline $17.87 $18.52
Boardwalk Real Estate Investment Trust $17.63 $0.00
The Keg Royalties Income Fund $15.24 $15.70
Artis Real Estate Investment Trust $13.95 $13.95
Boston Pizza Royalties Fund $12.31 $12.31
Chorus Aviation $10.92 $17.28
Corus Entertainment $6.56 $17.48
Plaza Real Estate Investment Trust $11.65
Canadian Apartment Properties REIT $8.85
Total $94.48 $115.74

Saw some nice growth last month, this is mostly due to the new investments in Chorus Aviation and Corus Entertainment. Also my new stocks Plaza REIT and Canadian Apartment Properties REIT.

RRSP

February 2017 February 2018
Royal Bank of Canada $63.91 $70.07
Bank of Montreal $62.48 $66.03
BMO US Dividend ETF $29.50 $29.50
Pizza Pizza Royalty Corp. $16.76 $16.76
Realty Income Corp. $6.00
Potash Corp $5.91 $5.65
Total $178.56 $194.01

As you can see not to many stocks pay me dividends in my rrsp account. February saw me receive dividends for the very first time from Realty Income Corp. Also this is the time time I will receive a dividend from Potash Corp. On January 1st Agrium and Potash Corp merged to form Nutrien Ltd. The increases you see with the banks are from dividend increases.

DRIP

This year I wanted to focus on growing my position in my current stocks so back in January I decided to start the drip (Dividend Reinvestment Plan) again. In February this took effect and I was able to receive additional shares in the following stocks:

  • Chorus Aviation                 1 share
  • Artis REIT                            1 share
  • Pizza Pizza Royalty Corp  1 share
  • Plaza REIT                           2 shares
  • Corus Entertainment        2 shares

These new shares boost my forward dividends by $5.26.

Monthly Dividends 2016 – 2018

Dividend Goal Meter

This year I have set a goal of wanting to receive $6,000 in dividends so I thought I would display my progress with this dividend meter. With all my buys this year I believe I have propelled my expected dividends to between $5,000 to $5,500.

Buys

February was an extremely busy month for the portfolio I needed two hands to count all the buys I made 🙂 I made 8 purchases last month, the volatility that we saw and the rising interest rates created in my opinion some buying opportunities and I took advantage.

The purchases I made were:

  • Inter Pipeline (2)
  • Realty Income Corp.
  • Johnson & Johnson
  • Enbridge Income Fund Holdings ( for my Locked In RRSP account)
  • BCE
  • Fortis
  • Power Corp

After all of those purchases I still have a little cash to play with but I think the next couple of months will be quiet for me. I will sit back and collect those new dividends I will be receiving.

Dividend Raises

I received three raises last month.

  • On Feb 8th BCE raised their dividend To $0.7550 from $0.7175
  • On Feb 15th TransCanada raised their dividend to $0.69 from $0.63
  • On Feb 23rd RBC raised their dividend to $0.94 from $0.91

Well folks that wraps up a very busy February. How did you do last month? Please feel free to comment below.

Thanks for reading

Matthew

February 2018 Pin

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27 thoughts on “February 2018 Dividend Income

  1. Looks like February you were busy. Always nice to see some dividend raises and new purchases to hit your goal of 6k. Keep it up my friend, looking forward to your post next month. All the best!

    Liked by 1 person

      1. Still need to check, running behind with that part of the finances. Albeit I just logged into the account and bought 30 shares of CIBC (one of the few banks we did not own just yet) and some HLF to average down.

        Liked by 1 person

      2. Very nice CIBC is an excellent dividend growth stock. Well I guess all the Cdn banks are 🙂 I think later this year I would like to add another bank to my portfolio.

        Liked by 1 person

    1. Hey buddy thanks. For the dividend meter I use Google Sheets and inserted a gauge with my year to date figure and my ultimate goal. Then I published the the gauge into my post. Someday I would like to have the gauge on my site all the time on the right side of the site but I haven’t figured out how to do that yet.

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  2. Love seeing the progress that you’ve made compared to the past two Februarys. It is terrible to admit, but I haven’t even looked at our Vanguard statement in about three weeks. I’m trying hard to avoid all the noise about corrections and rebounds and whatnot. If my strategy was more complicated than making a deposit into a fund every paycheck, I would keep a closer eye. For now, it works for me. I do still aspire to this, though. One day, Matthew, one day!

    Liked by 1 person

    1. Hey Penny thanks.I like seeing the upward trend as well. I can’t to see what the numbers are say in 5 or 10 years. I think with your current investing style it’s perfectly fine you haven’t looked at your Vanguard statement. You probably only need to look at it a couple of times a year to possibly re-balance your portfolio.

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  3. Hi Matthew. Very nice progress! I really like the dividend meter to track your progress. Those new additions should perform well for you – I own J&J and it has been solid for me.

    March should be a big month. Looking forward to that report!

    Liked by 1 person

    1. Hello and thanks for reading my post. I think the new additions will perform well for me. I should receive my first payment from JNJ this month 😀 March should be a big month. I hope you have a big month as well.

      Liked by 1 person

  4. Congrats on the great month! You have such great graphs detailing your progress.

    You have lots of great DRIPPING going on! I only have two DRIPS set up, one for Sunlife and one for Husky.

    I love the huge bank stock dividends, I had over $100 dividend from BMO, it is such a great feeling.

    Liked by 1 person

    1. Thanks I thought it would be good to compare my dividends and show them on graphs. Yes lots of drips I should be able to drip quite a few of my stocks. I love owning CDN banks they pay so well. Maybe later this year I will buy another one.

      Like

  5. Matthew,

    CONGRATS! First off, crossing $300 is great on its own. But then you made EIGHT purchases this month? That’s what I’m talking about right there. If only February had 31 days instead of 28, you may have been able to make ten purchases this month 🙂

    Bert

    Liked by 1 person

    1. Hey Bert thanks buddy, it was definitely a busy month for me. I finally ran out of money this month so now my plan is to sit back and collect those new dividends. Congrats to you on your month I hope you have a great March. 😀💰🙌

      Like

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