March 2019 Dividend Income

Canadian Currency, 100.00,  50.00,  20.00, 10.00, 5.00, dollar bills.

Hello everyone and welcome to my March income post. I hope everyone had a great month and received lots of dividends. The months of March, June, September and December are my busiest months for dividend payments from my stocks, so I’m always happy once those months end to go back and review what I received and to see if I set a new record. I am happy to report that I did indeed set a new dividend income record for a single month.

I received payments from 19 stocks and 1 ETF and my dividend received was $696.89 oh so close to the $700 figure. I received the money in all three of my accounts and the breakdown is as follows:

  • RRSP – $387.60
  • TFSA – $230.32
  • LIRA – $78.97

The money came in two currencies as I do own US stocks. However to keep things simple I use one currency (Canadian) for these posts. The currency breakdown for March is:

  • US    –    $74.78
  • CDN –    $622.11

Registered Retirement Savings Plan (RRSP)

2018 2019
Enbridge $97.30 $112.91
Fortis $68.43 $93.15
Power Corp $41.23 $69.91
Inter Pipeline $36.85
Lockheed Martin $17.60
Home Depot $16.32
Johnson & Johnson $17.16 $14.40
Bank of America $5.54 $10.80
Realty Income $13.25 $10.60
Microsoft $5.93 $5.06
BMO US Dividend ETF $29.50
Canadian Utilities $60.96
Pizza Pizza Royalty Corp 16.83
Total $356.13 $387.60

My income increased thanks to new investments in Enbridge, Fortis, Power Corp and Inter Pipeline. Also I received my first payments from Home Depot and Lockheed Martin. You might have noticed that some of my US stocks paid me less than last year. Last year’s numbers where converted into Canadian dollars, this year I received them in US currency and reporting the income as Canadian.

Tax Free Savings Account (TFSA)

2018 2019
Canadian Utilities $65.10
Inter Pipeline $32.34 $34.84
Keg Royalties Income Fund $15.70 $28.38
Plaza REIT $11.70 $24.61
BMO International Dividend ETF $22.23
Chorus Aviation $17.32 $18.16
Boston Pizza Royalties Fund $12.31 $12.31
Canadian Apartment Properties REIT $8.85 $9.20
Canadian National Railway $6.83 $8.06
Artis REIT $14.04 $7.43
Corus Entertainment $17.67
Total $136.76 $230.32

The reason for the big jump in income is from my decision to move Canadian Utilities and the BMO International Dividend ETF into my TFSA account from my RRSP. New investments in Plaza REIT and the Keg Royalties Income Fund also helped.

LIRA

2018 2019
Enbridge $76.75
Diversified Royalty Corp $2.22
Enbridge Income Fund $26.55
Total $26.55 $78.97

Currently have two stocks in this account. Last year Enbridge bought Enbridge Income Fund and brought in back into the main company and that is why I currently hold Enbridge in this account as well as my RRSP. I am still undecided if I should sell Enbridge in this account and buy other stocks, the juicy dividend is making the decision hard for me.

2016 to 2019 Dividends

So far I have been able to keep the dividends growing every month, fingers crossed I can achieve this. 2019 is off to a great start for me!

Dividend Goal For 2019

For 2019 I have set a goal of wanting to receive at least $8,000 in dividend income. In order to achieve this I need to receive $2,000 every quarter. After the first quarter as you can see I am slightly behind on my goal. Ever though I am behind I’m still extremely happy with my performance this year, from this time last year my dividends have increased by $507.38.

Stock Buys/Sells

In this area March was very quiet for me I did not buy or sell any of my stocks. I chose to be quiet on this front so I can build up some cash in my accounts. I currently have $1,400 in my TFSA and I’m looking at one stock.

Stock Of Interest

As mentioned above I am interested in one stock. The stock is:

European Commercial Real Estate Investment Trust (ERE.UN)

Why do I like it? Well I currently have North America covered when it comes to real estate and this REIT only focuses on the European market so it would help my real estate diversification. Also it was announced that the company had completed the purchase of 41 properties in the Netherlands from Canadian Apartment Properties REIT (CAR.UN). I am a fan of CAR.UN and own shares of them, they will own part of ERE.UN as well so with them still involved I believe the future is bright.

Dividend Increase

I received one increase in March and that came from Alimentation Couche-Tard which increased their dividend by 25%.

 

Well folks how was your March? I hope you received lots of dividends! Please feel free to let me know how you did in the comment section below.

Thanks for Reading

Matthew

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9 thoughts on “March 2019 Dividend Income

  1. dam nice matt!

    congrats on the new record and solid stack of cash.

    deploying that will propel your income a tonne!

    keep it up
    cheers

    Liked by 1 person

  2. Hey Matt, nice progress! Congrats on dividend record month once again! haha! I like how you were able to accelerate the growth this year.

    I would do more research about that European REIT. It looks like they were primarily in commercial business before the acquisition. So the management doesn’t have any experience dealing with residential properties.

    Usually CAP reit buys undervalued properties, upgrade the units to increase the value of the properties and sell them when they are fully valued. If those properties in Netherlands were previously renovated then the company paid a premium for them. I would look into it.

    I’m not sure about European housing market but paying 632 million for 2,091 units is a lot more expensive compared to Canada. The same deal would be valued at around 400 million here.

    But again, for the long run it should yield good results because people always need a place a live.

    Liked by 1 person

    1. Thanks German the growth really exploded. For the European REIT CAR.UN is still in the picture as they received a lot of class B shares so I think that will help the management team with the move from commercial to residential.

      Like

    1. Thanks Jordan! Each year the amount I invest changes for example in 2017 I was able to invest $5,606. Last year I was able to invest a staggering $29,800. This year I would like to be around $15,000.

      Like

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