July 2018 Dividend Income

July Dividends

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

July 2018 Dividends

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20 thoughts on “July 2018 Dividend Income

  1. 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! πŸ˜‚

    Liked by 1 person

    1. 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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  2. 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 πŸ˜‰ So technically still a shareholder…..

    Liked by 1 person

  3. $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.

    Liked by 1 person

    1. 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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  4. 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.

    Like

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