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).
|February 2017||February 2018|
|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|
|Plaza Real Estate Investment Trust||$11.65|
|Canadian Apartment Properties REIT||$8.85|
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.
|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|
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.
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.
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)
- 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.
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