February 2019 Dividend Income

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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

 

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16 thoughts on “February 2019 Dividend Income

  1. Nice work, Matt! Even though it’s you lowest month, $455 fueling your accounts is amazing! It was certainly a great month for dividend raises. You have a good growth rate in your TFSA account. Keep it up!

    Liked by 1 person

    1. Thanks Jordan, LB definitely provided a nice boost last month. I thought I would try a small position in Andrew Peller to see how things go for a bit. So far it has been a bumpy ride, big swings. I look forward to seeing if you buy it.

      Liked by 1 person

  2. sweet matt

    Look at that graph, huge growth! great to see man. You dripping or collecting cash?

    congrats on those raises as well hd knocked it out of the park.

    cheers

    Liked by 1 person

  3. Just excellent Matthew! I saw in the previous comment that you have stopped DRIPing and that may not be a bad option considering how the market has taken off this year. It is something I have always contemplated and this may be a good time to consider it once again.

    Bert

    Liked by 1 person

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