January 2019 Dividend Income

Protecting a good investment and making money concept

Hi everyone and welcome to my January 2019 dividend income post. I will share with you all of the things that happened within my investing accounts in the month of January. 2019 got off to a great start for me, I was able to crack the $600 mark in dividends received for just the third time. I received a total of $620.32

high five

Income per account was as follows:

  • RRSP  $421.07
  • TFSA  $197.03
  • LIRA   $2.22

I would like to point out a change I have made to how I receive my dividends. Back in about the middle of December I moved all of my USD paying stocks to the US side of my RRSP accounts in order to keep the dividends in USD. The reason why I did this is because I want to buy more US stocks and this will help me to avoid converting my Canadian money into US which is expensive at the moment.

Starting with this update I will share with you what I received in both currencies. I am not going to convert my US dividends into Canadian money, I will keep it simple.

Income Per Currency

  • Canadian $520.11
  • US $100.21

RRSP

2018 2019
BCE $78.93 $104.95
TransCanada $63.75 $100.74
Telus $50.50 $56.14
Altria Group $48.80 USD
Algonquin Power & Utilities $44.87 $41.02 USD
Inter Pipeline $36.34
BMO International Dividend ETF $22.23
Realty Income Corp $10.39 USD
North West Company $0.32 $0.32
Leon’s Furniture $0.12 $0.14
Pizza Pizza Royalty Corp $16.76
BMO US Dividend ETF $33.53
Total $288.78 $421.07

New investments were the contributing factor within this account. This is a nice solid start to 2019 for this account, hopefully this will continue throughout the year.

TFSA

2018 2019
The Keg Royalties Income Fund $20.68 $37.38
Inter Pipeline $18.52 $34.34
ZCL Composites Inc $27.24 $30.65
Plaza REIT $11.25 $24.61
Bank of Nova Scotia $22.95
Chorus Aviation $17.28 $18.16
Boston Pizza Royalties Fund $12.31 $12.31
Canadian Apartment Properties REIT $8.85 $9.20
Artis REIT $13.95 $7.43
Corus Entertainment $17.48
Total $147.56 $197.03

Good growth here as well. The goal over time is to receive more dividends in this account than my RRSP. Investments I made last year are the main reason why my income increased this month. Towards the end of 2018 I did receive a dividend cut from Artis REIT which was disappointing, I am hanging onto the stock for now.

LIRA

Diversified Royalty Corp $2.22

This account currently only has two stocks Enbridge which pays a dividend in March, June, September and December and Diversified Royalty Corp which pays monthly.

DRIP

Another change I made in mid December was I decided to cancel the drip to all of my stocks. I did this because I would like to build up my cash and direct the money to where I want it. Also this year I am going to focus on investing more of my money into my TFSA as I have quite a bit of unused contribution room available.

That being said when I made the decision the ex dividend date on already passed on three stocks so I did drip three stocks in January:

  • Telus 1 share
  • BCE 1 share
  • Inter Pipeline 2 shares

These 4 additional shares will boost my income this year by $8.62.

2016 to 2019 Dividends

2019 Dividend Goal

This year I have set a goal of wanting to collect $8,000 in dividends. Wish me luck!

Dividend Increases

In January I received three raises.

  • Canadian Utilities raised their dividend to $0.4227 up from $0.3933 per share
  • Realty Income Corp raised their dividend to $0.2255 up from $0.2210
  • Canadian National Railway raised their dividend to $0.5375 up from $0.455

Sold Stocks

In January I sold two of my stocks in my TFSA account:

  • Corus Entertainment
  • ZCL Composities Inc.

I sold Corus after a recent rally in its share price. I believe they are in a tough industry and have a long road ahead of them. After they cut the dividend last year the stock dropped to under $4, lately the stock had been rising and I decided to sell at $5.78 per share so I was able to recoup some of my money.

With ZCL Composites Inc. I sold because they were going to be purchased and taken private by Shawcor when the stock rose to near the buyout price I decided to sell and put my money to better use elsewhere.

Well folks that wraps up my month of January. How did you do? Please feel free to let me know in the comment section below.

Thanks

Matthew

 

16 thoughts on “January 2019 Dividend Income”

    1. Thanks Jordan! My eyes are going to be focused on the industrial, health care and tech sectors. I would also like to stockpile a little bit just in case. Yesterday I bought more AbbVie shares and started a position in Lockheed Martin.

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  2. Very nice, when you are pulling in numbers like that it makes to turn off DRIP. That way you can choose where your money goes. Either way as long as dividends are increasing then you are doing a great job 🙂

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  4. oh oh the drippers won’t like that 🙂 I personally favor the cash over drips for the main reason you stated above. I also use all cash and monthly contributions to buy a stock of my choice. Really great progress. I like how you take matter in your hands. Planning and execution! Go ahead and max out that TFSA account. Take advantage of tax-free investing! Looking at the green bar on your chart – the progress is unbelievable compared to other years! You would think that it’s hard to keep up with the growth when portfolio is getting bigger, but you certainly nailed it! Wow! What will happen in June and December? That will be interesting to watch!

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  6. Congrats on the solid start to 2019. Your payers really differ from mine in January but just goes to show how many different dividend growth stocks are out there. Nice to see a fellow MO holder. Keep up the good work!

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  8. Excellent month Matthew! Congrats on getting over $600. I’m interested to see how you like not DRIP-ing versus DRIPing. One day I will do the same, but I haven’t had amounts large enough in one account to make it worthwhile. I don’t want to have $200 sitting around because it wouldn’t be worth the trade fee to me. Please keep us updated with your progress and results though!

    Bert

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