July 2018 Dividend Income

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