June 2018 Dividend Income *New Record*

Hey fellow investors. We say goodbye to June and start the second half of 2018. It is hard for me to say goodbye to June because I think it was the best month ever for me in terms of my finances. One area of my finances that was outstanding was dividends received which this post is about, a new record was set I received $650.27.

My portfolio consists of three accounts and when I combined them I had 20 stocks and 1 ETF pay me a record total $650.27. In my Registered Retirement Savings Plan (RRSP) account I received $382.28, my Taxa Free Savings Account (TFSA) received $241.44 and finally my Locked in Retirement Account (LIRA) received $26.55.

TFSA

	2017	2018
ZCL Composites Inc		$90.80
Inter Pipeline	$17.87	$32.76
Plaza REIT		$23.73
Corus Entertainment	$6.56	$18.24
Chorus Aviation	$17.28	$17.56
Keg Royalties Income Fund	$15.24	$15.70
Artis REIT	$13.95	$14.31
Boston Pizza Royalties Fund	$12.31	$12.31
Canadian Apartment Properties REIT		$9.20
Canadian National Railway		$6.83
Boardwalk REIT	$17.63
Total	$100.84	$241.44

Huge growth in my Tax Free Savings Account this month the biggest reason for this was the special dividend paid out by ZCL Composites Inc. New investments in stocks also helped fuel the growth, along with the ability to drip shares in Inter Pipeline, Plaza REIT, Corus, Chorus, Artis REIT.

RRSP

	2017	2018
Enbridge	$57.34	$98.64
Fortis	$64.40	$85.43
Canadian Utilities	$55.41	$61.35
Power Corp	$21.15	$44.31
BMO US Dividend ETF	$31.29	$31.88
Johnson & Johnson		$18.59
Pizza Pizza Royalty Corp	$16.76	$17.04
Realty Income		$13.44
Microsoft		$5.90
Bank of America		$5.70
Exco Technologies	$8.00
Westjet	$7.00
Total	$261.35	$382.28

Further investments over the last year in Enbridge, Fortis, Canadian Utilities and Power Corp have had a big impact on my dividend income allowing me to either drip more shares each payment or to receive a share per payment since I can only receive whole shares through my brokerage. Also all of my US stocks contributed to my income in June.

LIRA

Enbridge Income Fund Holdings

$26.55

This account is only a few months old and only holds one stock.

DRIP

In June I was able to receive 20 new shares through the DRIP (Dividend Reinvestment Plan.)

	# of Shares
Plaza REIT	5
Corus Entertainment	3*
Fortis	2
Enbridge	2
Chorus Aviation	2
Canadian Utilities	1
Inter Pipeline	1
Artis REIT	1
Pizza Pizza Royalty Corp	1
BMO US Dividend ETF	1
Power Corp	1
Total	20

*As you may or may not know Corus Entertainment is going through some rough times and last week they cut their dividend 79% which will take effect on September 1st. In the graph below instead of waiting I have added the new dividend number to my forward dividend’s earned through the drip.

Below is a chart to show my future income I will receive from these new shares.

https://docs.google.com/spreadsheets/d/e/2PACX-1vQbhqqsL9TUh67vu4M5NLt8V-UzlvGsgES0VKMT72kMfqalG54oCaOaqYTSqj2WvQCGKn-VeerPx4ta/pubchart?oid=1296812045&format=interactive

I almost reached $20 maybe next month! Since I turned the drip back on I have increased my forward income by $70.24.

2016 to 2018 Dividends

https://docs.google.com/spreadsheets/d/e/2PACX-1vQbhqqsL9TUh67vu4M5NLt8V-UzlvGsgES0VKMT72kMfqalG54oCaOaqYTSqj2WvQCGKn-VeerPx4ta/pubchart?oid=1247841832&format=interactive

Can’t really believe I crossed the $600 mark in June. My goal is just to get higher each month than the previous year’s total which I have also been able to do each month of 2018 so far.

Dividend Goal

https://docs.google.com/spreadsheets/d/e/2PACX-1vQbhqqsL9TUh67vu4M5NLt8V-UzlvGsgES0VKMT72kMfqalG54oCaOaqYTSqj2WvQCGKn-VeerPx4ta/pubchart?oid=922849952&format=interactive

At the beginning of the year I set a goal of wanting to receive $6,000 in dividends this year. That was a bit ambitious of me as last year I received $4,300. As we end the June you can see I am slightly behind on my goal.

Buy and Sell

Buys

• Bought 43 shares of Canadian Utilities for my TFSA account
• Bought 108 shares of ZDI  BMO International Dividend ETF
• Bought 36 shares of Bank of America

Sells

• Sold 43 shares of Canadian Utilities in my RRSP account

 

The buying and selling of Canadian Utilities mentioned above is part of my strategy I have. I am slowly moving the stock to my TFSA account in order to free up money to help me diversify my portfolio. At the end of June I made two purchases that help diversify my investments with the money from selling Canadian Utilities shares. I will write about those purchases soon.

Raises

I had a couple of raises in June, not as many as in the month of May but that’s ok.

• On June 19 Realty Income Corp increased their dividend to $0.22 from $0.2195
• On June 28 Bank of America raised their dividend to $0.15 from $0.12

Cuts

• Corus Entertainment announced that it was cutting it’s dividend by 79% starting in September.

 

Well that is going to wrap up my June report. I hope all of you had a great month. Please let me know how you did in the comment section.

Thanks for reading

Matthew

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