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.
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
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
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
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.
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Thanks Fireman my biggest position is in Enbridge I think it will do quite well over the long term. Thanks for stopping by.
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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!
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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.
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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!!
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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.
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You’re in the orange! 😉 Congrats on an awesome June! I love your dividend goal tracker and the progress you’re making.
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Thank you Penny I appreciate you stopping by. I am making good progress this year thanks to all of the money I invested in earlier this year.
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Congratulations with this impressive achievement. That’s quite an amount and the good news is, it’s only getting bigger and bigger with time. I like your buy of Bank of America!
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Thank you. I really like the purchase of Bank of America, I am looking at adding more in the future.
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Good job. Sucks about the cut though. I’ve had a few lol especially when it’s like BAC was during the financial crises hopefully no more for awhile
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Thanks. I agree cuts do suck.
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Congrats on crossing the $600 month, Matthew! That’s amazing. Your portfolio and selection of stocks is looking very good! Looks like you’re making progress with your goal to earn $6000. This month will help.
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Thanks I wish every month was like this. Maybe in a couple of years. I should be close to my goal by the end of the year.
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Aside from the Corus news – Great month! You are gonna be over 1k in no time.
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Thanks yes the Corus news was a bummer. Hopefully soon I can reach that 1k mark that is the goal 🙂
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Congrats Matt, great job!
I am holding onto Corus but will need to update my dividend expectation for the year:( It is a big cut.
Love your goal tracker, what tool do you use to create it?
Cheers
Caroline
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Well done to you. You are just raking in the dividends at the moment. Keep up the excellent work.
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Thank you.
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Nicely done Matt. Your dividend portfolio is firing on all cylinders. 6000 should be there soon.
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Awesome record Matthew!! You are doing amazing!! Sorry that Corus’ dividend got cut. I know when HSE got cut I was quite upset 😦
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Thanks. It was tough getting that dividend cut but I knew it was coming. Hopefully HSE will start raising their dividend again for you.
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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.
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Thank you I will definitely give it my all to achieve the goal. Thanks for stopping by 🙂
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[…] I say that because on the investing side I received a record amount of dividends, you can find out here. On the debt side I was able to make a large extra payment towards my debt that I owe on my car. […]
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Nice job! Great yoy dividend growth for sure!
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Thank you
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Love that you have a REIT in your portfolio – good diversification from other kinds of stocks.
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[…] All About the Dividends – $650.27 – What a freaking spike in June 2018 compared to June 2017 and 2016. You continue to just crush it in 2018! […]
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