February 2019 Dividend Income

Hello everyone and welcome to my February dividend income post. We all know that February is best known for Valentine’s Day but I think investors should declare it the month of dividend raises. Everyday it seemed I was hearing a company raise their dividend also it seems every blogger or investor received at least 4 to 6 of these raises (I received 6).

In February I received $455.70 from 13 stocks and 1 ETF. February is one of my weaker months, but is it really weak when you receive over $400? Since January I keep my US dividends in US currency, and to keep things simple I am not converting the US currency I keep it all the same. Here is the breakdown currency wise for February.

• US     $51.26
• CDN $404.44

My portfolio consists of three accounts and here is what I received in each for the last month.

• RRSP $256.80
• TFSA $196.68
• LIRA $2.22

RRSP

	2018	2019
Royal Bank of Canada	$70.07	$75.46
Bank of Montreal	$66.03	$71.00
AbbVie		$40.66
Inter Pipeline		$36.85
BMO International Dividend ETF		$22.23
Realty Income Corp	$6.00	$10.60
BMO US Dividend ETF	$29.50
Pizza Pizza Royalty Corp	$16.76
Potash Corp	$5.65
Total	$194.01	$256.80

A couple of new investments (AbbVie & Inter Pipeline) late in 2018 contributed to the growth for this account. Also the dividend increases from the banks had a nice effect as well.

TFSA

	2018	2019
Laurentian Bank		$61.75
Inter Pipeline	$18.52	$34.84
Keg Royalties Income Fund	$15.70	$28.38
Plaza REIT	$11.65	$24.61
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	$115.74	$196.68

My purchase in October of Laurentian Bank is the big reason for the jump in income here.

LIRA

Diversified Royalty Corp

$2.22

I currently own 2 stocks in this account and Diversified Royalty Corp is the only monthly paying stock.

2016 to 2019 Dividends

Everything continues to trend in the right direction in terms of dividend income flowing into the portfolio.

Dividend Goal For 2019

For this year I have set an ambitious goal of wanting to receive at least $8,000 in dividends. At the moment my forward dividend income is projected to reach $7,128 so I have some work to do.

Stock Purchases

I made three purchases in February all of them small. Two of the buys were to open new positions for me, and the other was to add to an existing positon.

• Andrew Peller Ltd (for my TFSA) 45 shares
• AbbVie (RRSP) 22 shares
• Lockheed Martin (RRSP) 8 shares

 

Dividend Increases

I received six raises in February.

• BCE raises to $0.7925 up from $0.755
• TransCanada raises to $0.75 up from $0.69
• RBC raises to $1.02 up from $0.98
• ScotiaBank raises to $0.87 up from $0.85
• Home Depot raises to $1.36 up from $1.03
• Canadian Apartment Properties REIT raises to $0.1105 up from $0.1108

 

Well folks that will do it for my dividend post. I hope all of you had a great month and collected lots of dividends. Thank you for reading this I appreciate it.

Matthew