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.

record

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

June 2018 Dividends

29 thoughts on “June 2018 Dividend Income *New Record*

  1. Nice performance Matt! And this is a good overview of your accounts. I just started a position in Enbridge last month, and hope to add to it while the price is favorable. Keep up the good work – I think you will be very close to $6,000 for the year if you don’t reach it.

    Liked by 1 person

  2. sweet! nice matt. congrats on the record. That special dividend was huge. Nice move switching your cu position to your tfsa.

    The corus thing sucked, bigger cut than i expected. Long term its a good move. You holding your position or did u sell? Ill keep mine.

    cheers man, great month!

    Liked by 1 person

    1. Hey Rob thanks with Corus I am going to hang onto it for now. I’m going to lose roughly $170 a year with the dividend cut. I agree it’s a good move for them. Hope you had a great month as well.

      Like

  3. Congrats on your new record! $650 can take care of a lot of bills! Nice to see a double growth of your TFSA account. I don’t own Corus, but heard on the news the other day that they slashed the dividend. I hope that won’t have a big impact on your dividends! Looking forward seeing what you bought after you sold CU shares. Take care!!

    Liked by 1 person

    1. Thanks buddy yes $650 will definitely take care of a lot of bills. With the Corus dividend cut I am going to lose $170 a year in income. I will post soon about what I did with the CU money.

      Like

  4. Congrats on a record month… always so motivating to see new records.
    I think you can hit your $6K income goal for the year given how close you’ve come to $3K at the halfway point. Of course, the dividend cut won’t help your cause in the coming months, but I bet you’ll find a way to reach your goal despite the setback.

    Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s