Hello everyone and welcome to my favourite post to write. Before I start I hope each and everyone of you had a great month and received lots of dividends. September for me was a busy one for my portfolio, I had some dividend raises and I also made some stock purchases and sold one stock. I would also like to mention that when I was adding up my dividends for the month I discovered that I had received more dividend income this year than I had in all of 2017 which I can’t believe and am super excited to see where I will finish this year.
My investing portfolio consists of three accounts and they are the Registered Retirement Savings Plan (RRSP), Tax Free Savings Account (TFSA), and the Locked In Retirement Account). In September I received $568.42 in dividend income, my second highest total in my young investing life.
Income By Account
| RRSP | $375.94 |
| TFSA | $165.93 |
| LIRA | $26.55 |
RRSP
| 2017 | 2018 | |
| Enbridge | $88.45 | $99.98 |
| Fortis | $64.40 | $86.28 |
| Power Corp | $21.15 | $44.69 |
| BMO US Dividend ETF | $31.29 | $32.09 |
| Canadian Utilities | $55.41 | $29.50 |
| Johnson & Johnson | $18.86 | |
| Pizza Pizza Royalty Corp | $16.76 | $17.25 |
| Bank of America | $14.02 | |
| Realty Income Corp | $13.37 | |
| BMO International Dividend ETF | $9.72 | |
| Microsoft | $5.98 | |
| Alimentation Couche-Tard | $3.78 | $4.20 |
| Westjet | $7.00 | |
| Exco Technologies | $8.00 | |
| Total | $296.24 | $375.94 |
Big increase for this account is due to my increased investments into Fortis & Power Corp. Also my American stocks which I bought earlier this year contributed as well. I would like to say there is no need to worry about Canadian Utilities, the payment is lower as I have been selling my shares in this account and buying shares in my TFSA account.
TFSA
| 2017 | 2018 | |
| Inter Pipeline | $17.87 | $33.18 |
| Canadian Utilities | $32.25 | |
| Plaza REIT | $24.08 | |
| Chorus Aviation | $17.28 | $17.80 |
| Keg Royalties Income Fund | $15.24 | $15.70 |
| Artis REIT | $13.95 | $14.58 |
| Boston Pizza Royalties Fund | $12.31 | $12.31 |
| Canadian Apartment Properties REIT | $9.20 | |
| Canadian National Railway | $6.19 | $6.83 |
| Boardwalk REIT | $17.63 | |
| Corus Entertainment | $6.56 | |
| Total | $107.03 | $165.93 |
Received my first dividend from Canadian Utilities in my TFSA account since I started moving the stock into this account. I must say I am going to miss my monthly payments from Corus Entertainment, September began Corus’s move to a paying a quarterly dividend instead of monthly. The decision to do this will affect my income over the next 12 months. Other than that news I am quite happy with the progress with this account.
LIRA
| Enbridge Income Fund Holdings | $26.55 |
This account only has this stock. In either November or December the stock will change to Enbridge as they are planning on bringing their subsidiaries back into the fold.
DRIP
In September I was able to receive 16 new shares through the Dividend Reinvestment Plan (DRIP). Here is what I received.
| # of Shares | |
| Plaza REIT | 6 |
| Enbridge | 2 |
| Fortis | 2 |
| Chorus Aviation | 2 |
| Canadian Utilities | 1 |
| Power Corp | 1 |
| Inter Pipeline | 1 |
| Artis REIT | 1 |
| Total | 16 |
Below is a chart that shows the dollar amount that these new shares.
Since I started dripping my shares my forward income has increased by $111.81 not too bad for doing nothing.
2016 to 2018 Dividends
2018 Dividend Goal
My goal this year is to receive $6,000 in dividend income this year. In September as I mentioned above I have surpassed my 2017 dividend income total. It’s going to be close as to whether I can achieve my goal.
Buys
- Bought 49 shares of Canadian Utilities (TFSA account)
- Bought 139 shares of BMO International Dividend ETF
- Bought 94 shares of Laurentian Bank
Sell
- Sold my entire position of Pizza Pizza Royalty Corp
Raises
- Microsoft raised dividend to $0.46 from $0.42
- Realty Income Corp raised dividend to $0.2205 from $0.22
Thank you for reading this post I appreciate it. I hope you liked it. Please feel free to let me know how you did in September.
Thanks
Matthew
wooot! nicce man. congrats onnsurpassing last yr already!
oh so many drips! thats awesome.
keep it up
cheers
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Thanks
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So close to your goal:)
I am hanging on to Pizza pizza, will see what happens.
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Always good when you can pass last years with room to spare but someday it might come down to sliding into first on the last w day of the year LOL. keep it up
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Thanks Doug 👍
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Damn man – nice work!
What’s your total portfolio worth now? Just curious what your personal yield is.
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Damn! What a nice progress! Your TFSA is growing nicely! Keep up the good work! I’m hanging on to my Pizza Pizza shares and plan to add more if the price stays below $9. Good thing you got out earlier. Would you reconsider to buy Pizza Pizza again?
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If the business turns around I may take a look at it again.
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Excellent Matthew, just Excellent. These are some awesome results and you continue to just crush it. Keep at it and keep up the great work.
Bert
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Thanks Bert 👍
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Looking good on the dividend front, Matthew. Nice to see those 4 American companies delivering in your RRSP. It’s a diversified group.
Awesome that you aleady exceeded last year’s dividend total. I think I’ve got to wait until my October report for that.
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Thank you. I’m glad I picked up the 4 American companies earlier this year. Now I just need to buy more shares of each. I look forward to reading your report.
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