December 2018 Dividend Income ** Best Month Ever**

Happy New Year everybody! I hope that you all had a great holiday season, and are ready to hit the ground running here in 2019. I am pretty pumped to right this post as December was my best month ever for dividends received. It was raining dividends from the sky.

Raining Dividends

My previous high was back in June of 2018 when I received $650.27. That month I received a special dividend to help reach that number. You can never count on receiving special dividends all the time. In December I did not receive any special dividends, my income all came from regular distributions made by the stocks I own. Without further ado in December I received $689.67, wow almost $700 I can’t believe that.

I currently have three accounts in my portfolio and the income breakdown is as follows:

  • RRSP $405.22
  • TFSA $213.12
  • LIRA $71.33

RRSP

2017 2018
Enbridge $88.45 $101.32
Fortis $68.43 $92.25
Power Corp $21.15 $69.14
BMO US Dividend ETF $29.50 $32.23
Canadian Utilities $55.41 $29.50
BMO International Dividend ETF $0.00 $22.23
Johnson & Johnson $0.00 $19.21
Bank of America $0.00 $14.64
Realty Income Corp $0.00 $13.77
Microsoft $0.00 $6.73
Alimentation Couche-Tard $3.78 $4.20
Pizza Pizza Royalty Corp $16.76 $0.00
Westjet $7.00 $0.00
Exco Technologies $8.00 $0.00
Total $298.48 $405.22

I nice job for this account. In fact this the first time I have received over $400 from an account. New investments throughout the year is what drove the growth. The plan is to continue to invest additional funds in the new stocks to further propel growth.

TFSA

2017 2018
Canadian Utilities $0.00 $60.17
Inter Pipeline $18.52 $34.20
The Keg Royalties Income Fund $15.70 $28.29
Plaza REIT $11.25 $24.47
Chorus Aviation $17.28 $18.04
Boston Pizza Royalties Fund $12.31 $12.31
Corus Entertainment $6.56 $12.18
Canadian Apartment Properties REIT $4.27 $9.20
Artis REIT $13.95 $7.43
Canadian National Railway $0.00 $6.83
Total $106.03 $213.12

Wow I doubled my income here, this is where I would like to in the future see the majority of my dividends come from as this account is tax free as compared to my RRSP account. I moved Canadian Utilities from my RRSP account to this account and that is a lot of the growth, but also new investments contributed as well. Maybe I can double this amount next December, at least I will try anyway. 🙂

LIRA

Enbridge $69.11
Diversified Royalty Corp $2.22
Total $71.33

Two new stocks for this account and is a big reason why my monthly income was so big. I received 103 shares of Enbridge when they merged with Enbridge Income Fund, due to the merger my income increased $42.46 in December.

DRIP

In December I was able to drip 21 new shares. The highest that I have ever received!

# of Shares
Plaza REIT 6
Enbridge 3
Chorus Aviation 3
Fortis 2
Power Corp 2
Corus Entertainment 2
Canadian Utilities 1
Inter Pipeline 1
The Keg Royalties Income Fund 1
Total 21

Below is a chart showing the money I received from these new shares.

My income from all my dripped shares in 2018 is $163.48.

2016 to 2018 Dividends

As you can see 2018 was very successful I was able to grow my income every month. Hopefully I can continue this in 2019.

2018 Dividend Goal

Ok guys if you have been following me all year you know what my goal was. If this is the first post of mine that you are reading then let me tell you what my goal was. At the beginning of 2018 I set a goal of wanting to receive $6,000 in dividend income for the year. This year I tried to push myself as I received $4,312.17 in 2017 so I would be trying to boost my income by close to $1,700.

Ok enough delaying lol. My dividend total for 2018 was $5,994.57. I missed my goal by $5.43.

Joey So Close

Oh man I was so close to that goal. Even though I didn’t achieve my goal I still look at 2018 as a huge success for me.

Stock Purchases

  • Bought 61 shares of Altria Group
  • Bought 38 shares of AbbVie
  • Bought 12 shares of Home Depot
  • Bought 255 shares of Inter Pipeline

 

Dividend Raises

  • Bank of Montreal raised their dividend to $1.00 per share up from $0.96
  • Laurentian Bank raised their dividend to $0.65 per share up from $0.64
  • Enbridge raised their dividend to $0.738 per share up from $0.671
  • Realty Income Corp raised their dividend to $0.2205 up from $0.2201

 

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

Thanks for reading! Just to let you know on Thursday I will have a post up about my 2018 year in review.

Thanks again!

Matthew

 

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16 thoughts on “December 2018 Dividend Income ** Best Month Ever**

  1. wow Matt absolutely awesome month man.

    Huge numbers followed by some huge purchases.. Clearly the trend will continue!

    So close, like really really close to hitting your goal. Ahhh well. You had a great 2018 man!

    All the best in 2019!
    cheers

    Liked by 1 person

  2. Hey Matt! That’s an annual growth rate of 39% compared to last year, that’s insane!

    A lot of people are buying Altria Group an Abbvie at the moment, I definitely agree with those picks. I’m constantly buying more tobacco stocks myself.

    Shame about missing your target by a measly $6, but think about what your income will be in 2019 if you can hit 30%+ again!

    Happy New Year,
    Nick

    Liked by 1 person

    1. Hey Nick that growth rate is super crazy. Let’s see if I can do that again lol! Altria and Abbvie are very popular at the moment with investors. I couldn’t believe I missed my goal by that small amount but looking back my income increased so much.

      Happy New Year,
      Matthew

      Liked by 1 person

  3. During the month of December I received $1,455.04 in dividends. In almost all cases these are on DRIP.

    Also during the month of December I had a net Option Premiums of $1,177.01

    Together this gives me cash flow of $2,621.05.

    Liked by 1 person

  4. Matthew – CONGRATS on the new record. My oh my, that’s just incredible. I’m so excited for you and have loved seeing your growth and progress. You’re just crushing it!! Also, you were so close on hitting your goal. Honestly, though, that’s how you know you set a tough, challenging goal though. It should push you and it should be a photo finish. You’ll get it in 2019 🙂

    Bert

    Liked by 1 person

  5. Congrats, Matt! What an awesome year and record dividend month! $5.43 is nothing! You totally crashed it! Love the growth rate of your TFSA account. Continue to grow it. This year you can add another $6000 to your TFSA + any contribution room from previous years. I feel like I should be adding more banks to my portfolio. They are increasing the divies every year.

    Liked by 1 person

    1. Thanks Buddy! This year I hope to focus more on my TFSA than my RRSP in order to max out my contribution room from prior years. Banks are definitely good for dividend increases they come in like clock work.

      Like

  6. Outstanding efforts in 2018, Matthew. I, too, noticed that you grew your dividend income each month. Congrats.
    You almost ran down your annual income goal as we closed out the year. I agree the year was indeed a grand success, despite being $6 shy of the goal.
    Your December purchases will get you off to a terrific start in 2019.

    Liked by 1 person

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