March 2018 Income *Best Month Ever*

March 20182

Hi everyone hope you all are doing awesome. Today I am very happy to share with you my March income report. One reason why I’m happy to share it is because it was the best month I have ever had so far. Also I have seen a number of bloggers growing their income and receiving a record amount of dividends in March, and I’m happy to continue that streak.

In March for the first time I received a dividend payment from my third account which I transferred to my control in February. So going forward I will probably have a record month going forward but I won’t continue to talk about it. I mentioned in this post about it being the best month ever because it’s the very first time I received an amount that started with a 5 in front of it. 🙂

So let’s get to it. So March saw me receive $519.44 from 20 stocks and 1 ETF.

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My portfolio now consists of three accounts the Registered Retirement Savings Plan (RRSP), the Tax Free Savings Account (TFSA) and the Locked in RRSP account. I received $356.13 in my RRSP (record amount), $136.76 in my TFSA and finally $26.55 in my Locked in RRSP.

RRSP

2017 2018
Enbridge $54.80 $97.30
Fortis $64.40 $68.43
Canadian Utilities $55.41 $60.96
Power Corp $12.06 $41.23
BMO US Dividend ETF $29.50 $29.50
Johnson & Johnson $17.16
Pizza Pizza Royalty Corp $16.76 $16.83
Realty Income Corp $13.25
Microsoft $5.93
Bank of America $5.54
Exco Technologies $8.00
Westjet $7.00
Total $247.93 $356.13

March was a great month for my RRSP account I received a record amount of money. One reason for this was my increased investment in Enbridge last year, and Power Corp early this year, and my new investments into Johnson & Johnson, Microsoft, Realty Income Corp and Bank of America which were made this January and February.

Also to note that in June when these stocks pay me again Fortis payment will be higher as I bought more shares earlier this year but I just missed the record date and I have to wait until the next payment date.

TFSA

2017 2018
Inter Pipeline $17.87 $32.34
Corus Entertainment $6.56 $17.67
Chorus Aviation $10.92 $17.32
The Keg Royalties Income Fund $15.24 $15.70
Artis REIT $13.95 $14.04
Boston Pizza Royalties Fund $12.31 $12.31
Plaza REIT $11.70
Canadian Apartment Properties REIT $8.85
Canadian National Railway $6.83
Boardwalk REIT $17.63
ZCL Composites Inc $82.55
Total $177.03 $136.76

Another pretty good month for this account. The amount is lower than last year however it is only lower because ZCL Composites Inc’s payment last year was a special dividend and they are not paying one this year. Since you can’t count on special dividend’s every year I am going to say this account grew for me. Reasons for the growth are my increased investments in Inter Pipeline, Corus Entertainment and Chorus Aviation, also through dividend increases and dripping my stocks which started last month.

Locked in RRSP

Enbridge Income Fund Holdings $26.55

This as mentioned above is the first payment I have received in this account. I only hold this stock in the account and it pays a monthly dividend so you will probably be seeing this number for a few months until they increase their dividend.

DRIP

In March I was able to drip a lot of shares (in my opinion 🙂 ) 15 in total.

# of Shares
Enbridge 2
Fortis 1
Canadian Utilities 1
Pizza Pizza Royalty Corp 1
Artis REIT 1
Inter Pipeline 1
Plaza REIT 3
Chorus Aviation 2
Power Corp 1
Corus Entertainment 2

I have decided to add a new chart to these monthly income posts. This new chart will show you the amount of money these dripped shares will provide me in the future.

2016 to 2018 Dividend Comparison

As you can see my numbers for 2018 are higher than 2017’s which is positive and should hopefully continue throughout the year.

Dividend Goal

 

I have set a goal this year of wanting to receive at least $6,000. Last year I received $4,300 so it is quite a jump. Through the first three months of the year I am off to a good start on my goal.

Purchases

Compared to February where I made 8 purchases March was very slow as I only made one purchase.

  • March 8th I bought 502 shares of Plaza REIT

 

Raises

I received two raises in March.

  • March 7th ZCL Composites Inc. raised the dividend to $0.135 from $0.12
  • March 14th Realty Income Corp raised the dividend to $0.2195 from $0.219

 

Well folks that wraps up my March income post. Thanks for reading. How did you do in March? Please feel free to let me know in the comment section below.

Thanks

Matthew

March 2018

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23 thoughts on “March 2018 Income *Best Month Ever*

  1. Congrats Matt! I think you are well on your way to meeting your goal. I have been looking at MSFT (as well as IBM) and BOA but haven’t pulled the trigger on either due to lack of capital. Looking forward to your next update!

    Liked by 1 person

    1. Thanks hopefully I can meet my goal this year, it will be close. I would like to add to my position in MSFT and BOA but I have a lack of capital as well. Thanks for stopping by.

      Like

  2. Nice progress all around, Matt. Quite a few new additions delivering first-time payments…. have to like that.
    I like the new ‘forward dividends from dripping’ chart. I keep track of that as well, but only in table format.
    I’m hoping you hit your $6K dividend goal. You’re a tad behind pace right now despite the good start to 2018, but perhaps the dripping, a few dividend raises, and a touch of new capital over the course of the year will propel you to your goal.

    Liked by 1 person

    1. Thanks I agree I’m a tad bit behind on my goal this year. I should have some dividend increase announcements in May and throughout the year which should help. Thanks for stopping by.

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  3. What great total you put up for the month of March. Always a good feeling hitting those records! Seeing those impressive year over year gains for your individual holdings just goes to show that you’re doing the right thing. Keep it up!

    Liked by 1 person

    1. Hey Troy thanks for stopping by. Congrats on getting married. I love dividend investing, I like seeing that money flow into my accounts month after month. I agree with you get some financial stability for you and your wife then start to investing or begin dividend investing.

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      1. I didn’t thing about it yet, but I want to have more exposure into housing market! Rents are always going up and people will always need a place to live. I will check the market later this week to see if there are any good opportunities.

        Liked by 1 person

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