August 2018 Dividend Income

August 2018

Hey everyone, welcome to my post where I share with you the income I received in the month of August from dividends. If your a parent you are probably very happy as school starts today. I hope you all had a great month of August. For me it was a quiet month I sat on the sidelines and didn’t make any purchases, I did however make a nice contribution to my TFSA account so I could make a purchase in early September if I want.

In August I received $388.99 in dividend income which is a very nice number to get. Compared to last August my income increased by just under $100. I received payments from 14 stocks and 2 ETFs. The income breakdown is as follows in my Registered Retirement Savings Plan (RRSP) I received $217.11. My Tax Free Savings Account received $145.33, and finally my Locked In Retirement Account received $26.55.

RRSP

2017 2018
Royal Bank of Canada $66.99 $72.38
Bank of Montreal $63.90 $68.16
BMO US Dividend ETF $31.29 $32.02
Pizza Pizza Royalty Corp $16.76 $17.18
Realty Income Corp. $0.00 $13.45
BMO International Dividend ETF $0.00 $9.72
Alimentation Couche-Tard $3.78 $4.20
Total $188.56 $217.11

There are three reasons for the increased income for this account. New purchases such as Realty Income Corp and the BMO International Dividend ETF. Dividend increases for all my stocks except Pizza Pizza, and finally dripping new shares of Pizza Pizza and BMO US Dividend ETF.

TFSA

2017 2018
Inter Pipeline $17.87 $33.04
Plaza REIT $0.00 $23.96
Corus Entertainment $6.56 $18.91
Chorus Aviation $17.28 $17.72
The Keg Royalties Income Fund $15.24 $15.70
Artis REIT $13.95 $14.49
Boston Pizza Royalties Fund $12.31 $12.31
Canadian Apartment Properties REIT $0.00 $9.20
Boardwalk REIT $17.63 $0.00
Total $100.84 $145.33

Pretty much the same reasons apply here as they do to my RRSP account. My purchases of Plaza REIT and Canadian Apartment Properties REIT helped this month. Also contributing were new investments I made earlier in the year into existing stocks Inter Pipeline and Corus Entertainment. Dripping shares has also slowly increased my income from stocks as well.

LIRA

Enbridge Income Fund Holdings $26.55

This account only has one account and it pays me monthly. Enbridge is attempting to bring this fund back into it’s fold so if that happens I will receive Enbridge shares in exchange for my current Income Fund Holdings shares. If this sale happens I am not sure what I will do, as I already have a large position in Enbridge in my RRSP account so stay tuned to see what I do.

DRIP

In August I was able to receive 15 new shares through the DRIP (Dividend Re-Investment Plan) this will certainly help grow my future income. Here is what I received.

# of Shares
Plaza REIT 5
Corus Entertainment 4
Chorus Aviation 2
BMO US Dividend ETF 1
Inter Pipeline 1
Artis REIT 1
Pizza Pizza Royalty Corp 1
Total 15

Below is a chart that will show you the $ amount I will receive from these new shares.

February, May, August and November are my lower dividend receiving months so there is no surprise that my number is a little lower than the other months. Since I started dripping my forward income has increased by $94.55.

2016 to 2018 Dividends

Looking at this chart as an investor I am very happy. We always try to improve, to grown our passive income and every month so far in 2018 I have been able to do that. Hopefully I can continue this into the future.

2018 Dividend Goal

This year I set a goal of wanting to receive $6,000 from dividends. With four months to go in the I am $2,248.49 away. I will need to average $562.12 in income per month to achieve the goal.

Buys & Sells

In this area I was quiet, I did not make any buys or sell any of my stocks.

Dividend Increases

  • Royal Bank of Canada increased their dividend 4.3% raising their dividend to $0.98 per share.

 

I hope each and everyone of you had a great month of August. Thank you for reading I appreciate it.

Matthew

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20 thoughts on “August 2018 Dividend Income

  1. woot woot! nice man, great income and a solid amount of drips to continue the progress.

    keep doing what your doing.
    cheers

    I think you can do it! Go Matt go

    Liked by 1 person

  2. Great progress and growth! Those goals are within reach and I think you’re going to get there by the end of the year. You’re adding some nice amounts with the DRIPs and that will continue to fuel the future growth as well. Keep up the great work!

    Liked by 1 person

  3. Great job, Matthew! I especially like the 2016-2018 chart! Funny thing is, although August was only a mediocre month in 2018, it would have been a great month in 2016 and 2017. Isn’t that what DGI is all about?! Keep up the good work!

    – David

    Liked by 1 person

  4. Great work, those are some nice dividends especially the ones from the banks. Love the progress and the chart ‘dividends from DRIP shares’. Nice too see what I could’ve been doing if DRIP was enabled in The Netherlands. Thank you for your update and have a nice week!

    DI

    Liked by 1 person

  5. Nice job man! 15 DRIPS is amazing. I hold a few of the same positions and I hold one of your drips – Artis. I need to build it up to a DRIP though. Congrats on receiving a total of $388.99. I hope you are able to reach your goal by the end of the year. My August was decent. I received two dividend raises and posted another solid YOY growth. Thanks for sharing.

    Liked by 1 person

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