November 2018 Dividend Income

new-10-canadian-bill

Hello and welcome to my November income report. Where has the year gone? I hope everyone had a great November and collected lots of dividends. For me February, May, August and November are my weaker dividend months. I can’t complain though my income continues to grow through dividend raises and new investments and I beat last November’s total.

In November I received $438.59 in my three investing accounts:

  • RRSP $211.67
  • TFSA $200.37
  • LIRA $26.55

I almost received more in my TFSA account than my RRSP that would have been a first. Over time my goal is to increase my income in the TFSA because when I become old and need the money it won’t be taxed.

TFSA

2017 2018
Laurentian Bank $60.16
Inter Pipeline $17.87 $33.46
The Keg Royalties $15.70 $28.19
Plaza REIT $24.33
Chorus Aviation $17.28 $17.96
Artis REIT $13.95 $14.76
Boston Pizza Royalties Fund $12.31 $12.31
Canadian Apartment Properties REIT $9.20
Boardwalk Real Estate Investment Trust $17.63 $0.00
Corus Entertainment $6.56
Total $101.30 $200.37

A big increase for this account as I had three stocks pay me for the first time in November. Also I made further investments in Inter Pipeline and The Keg Royalties and that helped push the total higher.

RRSP

2017 2018
Royal Bank of Canada $70.07 $75.46
Bank of Montreal $63.90 $68.16
BMO US Dividend ETF $29.50 $32.16
BMO International Dividend ETF $22.23
Realty Income Corp $13.66
Pizza Pizza Royalty Corp $17.67
Potash Corp $5.62
Total $185.85 $211.67

A smaller increase for this account which I will definitely take without complaint. Dividend raises and two new investments contributed to the higher total.

LIRA

Enbridge Income Fund Holdings $26.55

Just want to say that this will be the last payment from Enbridge Income Fund Holdings, in November they merged with Enbridge. In the merger I received 103 shares for my 141 Enbridge Income Fund shares. At the moment I am hanging onto the Enbridge shares but not sure if I should sell them and diversify away from Enbridge as they have such a large percentage of my portfolio.

DRIP

In November I was able to drip 13 shares. Here is what I received.

# of Shares
Plaza REIT 6
Chorus Aviation 2
The Keg Royalties 1
Laurentian Bank 1
BMO US Dividend ETF 1
Artis REIT 1
Inter Pipeline 1
Total 13

Below is a chart that shows the income I will receive from the new shares.

Since I started dripping my stocks my forward income has increased by $140.76. That’s pretty good in my books for really doing nothing.

2016 to 2018 Dividends

The streak continues as I continue to grow my income month over month.

2018 Dividend Goal

With only one month left in the year I am going to need a record month to reach my goal, as I need $695.10 to reach my goal.

Stock Buys

Only made one purchase this month and that was in my Locked In Retirement Account (LIRA).

  • Bought 120 shares of Diversified Royalty Corp.

 

Dividend Raises

I had a couple of raises in November.

  • Telus raised their dividend to $0.545
  • Inter Pipeline raises their dividend to $0.1425

 

Dividend Cut

I had one cut.

  • Artis REIT cut their dividend by 50% to $0.54 annually.

 

Well guys how was November for you? Did you receive lots of dividends? Please feel free to let me know how you did in the comment section.

Thank you for reading

Matthew

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13 thoughts on “November 2018 Dividend Income

    1. Hi Jordan The Artis news does suck but I’m with you I will hang onto my shares. I got big payouts from Enbridge, Fortis and Canadian Utilities so far, I should get a big payout from Power Corp. I think I will come up just short on my goal I figure less than $100.

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  1. Congrats Matthew. I want to start investing in dividend paying stocks in the spring. I like some of the ones you own such as: Inter Pipeline, Keg Royalties, Shaw, Boston Pizza, Pizza Pizza, Plaza Reit

    Liked by 1 person

  2. Lots of activity you reported despite it being one of your slower months, Matthew. That sounds pretty good to me. Looking back at your monthly totals this year, not one month is lower than $300. Impressive! Think you can exceed $400 a month in 2019? I would think if you hit $400 next February, you’ll be looking good on that front.
    I’ll be rooting for you to reach that annual dividend goal of yours. I think you are closer than you might have thought a few months ago. That would be a terrific way to close out 2018… setting records.

    Liked by 1 person

    1. Despite being a slow month my total was very impressive. I think I can exceed $400 every month, although today I did make some trades that could put that in jeopardy. It would definitely be great to end the year setting records. Thanks for stopping by and reading my post.

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