Hello everyone and welcome to my favourite post. As we are in a new month I get to share with you how my portfolio did last month. From all of the blog posts I’ve seen from other bloggers everyone seems to have had a very good July, I hope you are one of them. For me July was a good but quiet month, it was good because I received a high dividend total and quiet because I did not buy and new stocks. If you have been following my blog than you know that I turned my drip on for all my stocks so my cash goes up a little slower than normal.
For the month of July I received a total of $543.91. A very good total as it beat last July’s total. Also on a positive note I have a goal of wanting to receive at least $6,000 in dividends so I need to average $500 per month so this total helps get me closer to that figure. My portfolio consists of three accounts here they are and the amount I received for each. First is the Tax Free Savings Account (TFSA) I received $175.17, next up is the Registered Retirement Savings Plan (RRSP) for this account I received $342.19. Finally my Locked In Retirement Account received $26.55.
TFSA
2017 | 2018 | |
Inter Pipeline | $17.87 | $32.90 |
ZCL Composites Inc | $15.24 | $30.65 |
Plaza REIT | $0.00 | $23.84 |
Corus Entertainment | $6.56 | $18.53 |
Chorus Aviation | $17.28 | $17.64 |
The Keg Royalties Income Fund | $15.24 | $15.70 |
Artis REIT | $13.95 | $14.40 |
Boston Pizza Royalties Fund | $12.31 | $12.31 |
Canadian Apartment Properties REIT | $0.00 | $9.20 |
Boardwalk REIT | $17.63 | $0.00 |
Total | $116.08 | $175.17 |
I saw a nice increase in July for this account due to my increased investment in Inter Pipeline and Corus Entertainment earlier this year. Later this my income will drop from Corus. I plan for the time being to stick with Corus and see what happens to the stock.
RRSP
2017 | 2018 | |
BCE | $78.93 | $102.68 |
TransCanada | $63.75 | $71.07 |
Telus | $49.25 | $53.03 |
Algonquin Power & Utilities | $45.61 | $52.37 |
BMO US Dividend ETF | $31.29 | $31.95 |
Pizza Pizza Royalty Corp | $16.76 | $17.11 |
Realty Income Corp | $0.00 | $13.54 |
North West Company Inc. | $0.32 | $0.32 |
Leon’s Furniture | $0.12 | $0.12 |
Total | $286.03 | $342.19 |
Some nice big payouts for me in July, I love getting payments from BCE especially my first stock to pay five figures. New investments (BCE & Realty Income Corp) plus dividend increases are the reason for the increase in dividends received.
LIRA
Enbridge Income Fund Holdings | $26.55 |
Just one stock in this account and it pays monthly.
DRIP
In July because I drip (Dividend Re-Investment Plan) all of my stocks my portfolio received 22 new shares which helps grow my future dividend income. Here is what I received.
# of Shares | |
Plaza REIT | 5 |
Algonquin Power & Utilities | 4 |
Corus Entertainment | 4 |
Chorus Aviation | 2 |
Telus | 1 |
BMO US Dividend ETF | 1 |
Pizza Pizza Royalty Corp | 1 |
Artis REIT | 1 |
Inter Pipeline | 1 |
BCE | 1 |
TransCanada | 1 |
Total | 22 |
Below is a chart of the income I expect to receive from these new shares. As you will see the money adds up quickly through dripping shares.
Since I starting dripping my shares I have increased my forward income by $87.36.
2016 to 2018 Dividends
I always like to look back and track my progress, whether it’s month to month or year to year. So far every month in 2018 has surpassed their 2017 totals.
Dividend Goal
Well I have crossed the halfway mark for my 2018 goal. In two to three months I should be passing my 2017 income which is incredible to think about.
Buys/Sells
July was a quiet month in this area. I did not buy or sell any stocks.
Increases/Decreases
- Alimentation Couche-Tard increased their dividend to $0.10 per share.
Well that will do it for my July income report. I hope you enjoyed reading it. I also hope that you all had a fantastic month and received lots of dividends.
Thanks for reading
Matthew
Hey Matt. Congratulations on another great month. I established a position in Enbridge last month, and I am keeping my fingers crossed that it works out. Their business model is strong.
You always have some of the best graphics. I like that house of money picture! 😂
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Thank you so much. Enbridge is my biggest holding I think it will do well in the future. There some worries over it’s debt load at the moment but I think that will pass. I really like house of money as well, I got lucky and found it.
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Good job. Lots of shares being dripped, dividend moving higher keep it up.
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Thank you 👍
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Way to go Matt. Hope you can continue that streak of over $500 months to reach your goal. Nice seeing consistent growth coming from you every month. Helps with all the DRIP shares.
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Thanks, I certainly hope I can continue my streak. My DRIP shares are helping quite a bit. Can’t wait to read your post tomorrow.
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Wow – Matthew. Amazing results. Over $500 in July. That’s amazing. Your growth continues to be impressive and I”m enjoying watching your portfolio grow each month!
Bert
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Thanks Bert I appreciate that.
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A solid month Matthew! Well over $500 is a very good month. I’ve unloaded our Corus shares, don’t believe they will hold good shareholder value in the future, but I could be wrong. Took quite a hit on the sale, but still got 8 shares back on the drip 😉 So technically still a shareholder…..
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Thanks your probably right about Corus. I just want to see how they do with their new strategy. I also think the company is oversold. Thanks for reading.
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I have to agree with you on the oversold side of things. Guess I sold too soon?! Or way too late! Either way, it hurt.
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$543.91 is a nice haul of dividends, Matthew! Congrats for being on pace to beat your target for the year. We share a few similar companies. I noticed that you don’t hold any USD stocks though. Any particular reason or just avoiding the exchange rate? My long term strategy is to hold Canadian holdings in TFSA/Non-reg and all USD stocks will be held in RRSP. There’s no no withholding tax on dividend for USD stocks in an RRSP. Thanks for sharing.
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Thanks buddy. I actually do have some US stocks. Johnson & Johnson, Microsoft, Bank of America and Realty Income Corp. I only put Realty Income Corp in my post because they paid me a dividend in July. Thanks for reading.
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Nice update! It’s always great to receive over $500 of monthly dividends. In a few years you should be cranking your first 1K !!
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Thanks buddy. That would be awesome to receive 1K in a month.
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22 DRIPs..hot damn.
Solid month Matt…keep it up
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Thanks Jordan 😀
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nice Matt!
Again so many drips. That is awesome. keep it up man.
killing it.
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Good YoY progress, Matt. Nice to see you cross the $500 mark and push further towards your annual dividend income goal. I was a bit worried you might not make the goal a few months ago, but the income is picking up some steam!
Like you, I didn’t make any purchases or sales in July. I suspect I’ll be back on the board next month.
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Fantastic month Matthew!! Keep up the good work. $500+ is awesome and you’re close to your $6K dividend goal! You are probably already at your $6K for forward dividend yield right?
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Thanks! I have no idea about forward dividend yield I have never checked it. Maybe I should?
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