Hello everyone and welcome to May. Since we are now into a new month it is time for my favourite post. Last month was outstanding and even better than March. Can you believe it? I can’t, I actually received the most dividends ever which I wasn’t expecting.
For April I received a total of $533.09. Wow my second month in a row of receiving $500 or more. This money was spread over my three accounts that make up my portfolio. In my Tax Free Savings Account (TFSA) I received $172.87, in my Registered Retirement Savings Plan (RRSP) I received $333.67, and finally in my new account the Locked In RRSP I received $26.55.
TFSA
| 2017 | 2018 | |
| Inter Pipeline | $17.87 | $32.48 |
| ZCL Composites Inc. | $15.24 | $30.65 |
| Plaza REIT | $0.00 | $23.49 |
| Corus Entertainment | $6.56 | $17.86 |
| Chorus Aviation | $17.28 | $17.40 |
| The Keg Royalties Income Fund | $15.24 | $15.70 |
| Artis REIT | $13.95 | $14.13 |
| Boston Pizza Royalties Fund | $12.31 | $12.31 |
| Canadian Apartment Properties REIT | $0.00 | $8.85 |
| Total | $116.08 | $172.87 |
I saw a nice increase here due to my new investment in Plaza REIT, ZCL Composites Inc. last year. Also it isn’t much yet but with some stocks you can see small increases that is from dripping my stocks.
RRSP
| 2017 | 2018 | |
| BCE | $78.93 | $101.93 |
| TransCanada | $63.75 | $70.38 |
| Telus | $48.00 | $50.50 |
| Algonquin Power & Utilities | $47.78 | $45.08 |
| BMO US Dividend ETF | $31.29 | $31.74 |
| Pizza Pizza Royalty Corp | $16.76 | $16.90 |
| Realty Income Corp | $0.00 | $12.92 |
| Alimentation Couche-Tard | $0.81 | $3.78 |
| North West Company | $0.32 | $0.32 |
| Leon’s Furniture | $0.10 | $0.12 |
| Total | $287.74 | $333.67 |
The big increase for this account is the investment I made in BCE earlier this year. Also BCE is the first stock to pay me $100 or more in a single dividend payment. What also helped were dividend increases from TransCanada and Telus.
Locked In RRSP
| Enbridge Income Fund Holdings | $26.55 |
I have just the one stock in this account. I should received the same each month until the dividend is raised.
DRIP
In April I was able to drip 19 new shares.
| # of Shares | |
| Plaza REIT | 5 |
| Algonquin Power & Utilities | 3 |
| Chorus Aviation | 2 |
| Corus Entertainment | 2 |
| Telus | 1 |
| BMO US Dividend ETF | 1 |
| Pizza Pizza Royalty Corp. | 1 |
| Artis REIT | 1 |
| BCE | 1 |
| Inter Pipeline | 1 |
| TransCanada | 1 |
I have decided to add a chart to this post and below will show you the future income I will receive from these new shares I receive through the drip.
The numbers continue to go higher which is great to see.
2016 to 2018 Dividends
2018’s numbers are looking good so far I have been able to beat my 2017 numbers each month so far.
Dividend Goal
As most of you know I have set a goal this year of wanting to receive $6,000 in dividends. So far after 4 months I received close to $1,800 if all the numbers stay the same until the end of the year I am on track to receive $5,395.86 which is outstanding for me. This number should increase however through future dividend increases and stock purchases this year.
Purchases
There were no purchases this month, I sat back and collected my dividends.
Raises
My portfolio received one raise in April.
- On April 26 Johnson and Johnson raised their dividend 7.1% it went from $0.84 to $0.90 per share payout quarterly.
Well folks that’s a wrap for my post. How did you do in April? Please feel free to let me know in the comment section below.
Way to go Matt! Congrats on another record month in dividend income. Those REITs have nicely fueled your TFSA! That’s a nice and juicy dividend from Bell and a nice increase from TRP on year-over-year basis. You should break another record in July!!!
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Thanks German I agree the REITs have definitely fueled my TFSA.
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Great ideas. Need to know date of entry points the stocks. That would make a difference
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Good job. once they get over $100.00 it seems you have accomplished alot. I currently have 5 over 100.00 and 1 that pays monthly that is over a 100.00. keep dripping and adding more.
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Thanks Doug and wow 5 over 100, and one that pays monthly. Thanks for reading the post.
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Sweet matt. Congrats man! Oh so many drips, and love that bell and telus income.
Keep it up
Cheers
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Thanks buddy. Everyone loves their phones so Bell and Telus should be rewarding me for many years to come.
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Amazing month Matthew! Love the “pinterest graphic” of the jet going straight up. That’s a lot of drips you had this month! I think I just got two but I only have two DRIPs set up.
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Thanks. I really like that picture as well, I thought it was appropriate showing my income going straight up. Which stocks do you drip?? I think you drip Husky and Telus???
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Over $500 does make it feel like a significant income. Congratulations on a record month!
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Thank you it’s my second month in a row of $500 or more. I am excited to see how the rest of the year plays out. Thank you for reading my post.
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Two months in a row of over $500! So great! I have only juuust started tracking my dividends more than what the bank shows me. I think I’m going to look into making some graphs or charts – graphics are really motivational.
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I think you will definitely find graphs motivational. I love looking at my monthly graph and seeing where I was in the past to where I am today.
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Nice to see another solid April! Two straight $500 months in a row is awesome!
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Thanks 🙂
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Another record… and in April no less. Tremendous work, Matthew! The jet graphic says it all.
I enjoy seeing the new chart of forward dividends as well. This is something I keep track of, too.
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Thanks I do like that forward dividends chart I wish I would have done it sooner. Hope your well and thanks for reading my post.
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Nice work! That is really nice growth. Lots of DRIPs that will help with with your forward dividend income and growth.
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Thanks, yes those drips will certainly help the forward dividends. I kind of wish I started dripping sooner.
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