April 2019 Dividend Income

April Income Post Pic

Hello everyone and welcome to dividend income post where I will share with you what I received in April. I hope you all had a fantastic month. I feel like I say this a lot but April was another record month for me in terms of income. I made one purchase in the month and that helped my income as that stock paid a special distribution. On the buying front I have been pretty quiet so far this year, I’m trying to build up some cash. What are you guys doing are you keeping cash on hand or finding some good buys?

Well let’s get to the numbers shall we. I received $760.47 for the month of April, this is the first time that I crossed into the seven hundred dollar mark. I received 22 paychecks spread over three accounts and the breakdown is as follows:

  • RRSP – $420.14
  • TFSA – $338.31
  • LIRA – $2.22

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 April is:

  • USD – $100.44
  • CDN – $600.23

Registered Retirement Savings Plan (RRSP)

2018 2019
BCE $101.93 $110.95
TransCanada $70.38 $109.50
Telus $50.50 $56.68
Altria Group $48.80
Algonquin Power & Utilities $45.08 $41.02
Inter Pipeline $36.85
Realty Income Corp $12.92 $10.62
Alimentation Couche-Tard $3.78 $5.25
North West Company $0.32 $0.33
Leon’s Furntiture $0.12 $0.14
BMO US Dividend ETF $31.74
Pizza Pizza Royalty Corp $16.90
Total $333.67 $420.14

The increase with this account is mostly due to new investments that were made last year. Although dividend increases from BCE, TransCanada and Telus helped nicely as well.

Tax Free Savings Account (TFSA)

2018 2019
European Residential REIT $155.00
Inter Pipeline $32.48 $34.49
Keg Royalties Income Fund $15.70 $28.38
Plaza REIT $23.49 $24.61
Bank of Nova Scotia $23.49
BMO International Dividend ETF $22.23
Chorus Aviation $17.40 $18.16
Boston Pizza Royalties $12.31 $12.31
Canadian Apartment Properties REIT $8.85 $9.55
Artis REIT $14.13 $7.43
Andrew Peller Ltd $2.31
Corus Entertainment $17.86
ZCL Composites Inc $30.65
Total $172.87 $338.31

Huge increase here and that is thanks to European Residential REIT that is the stock I bought at the beginning of April. I made the purchase just before the ex dividend date so I could receive the special distribution.

Locked In Retirement Account (LIRA)

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

Not a lot happening with this account it currently only has two stocks and one pays monthly.

2016 To 2019 Dividends

Dividend Goal For 2019

For 2019 I have set a goal of wanting to receive $8,000 in dividends. It is an ambitious goal which I will do my best to achieve. Even though I am slightly behind in where I need to be I am extremely happy about my results so far this year. At the end of April my dividends have increased $734.96 this year compared to last year.

Stock Buys

I purchased one stock in April and that was European Residential REIT. I bought 310 shares.

Dividend Increases

Last month I mentioned that I only received one increase well it turns out that I missed an increase from Realty Income Corp so I really had two in March. For April I received one increase.

  • Johnson & Johnson increased their dividend to $3.80 per share up from $3.60

 

Well folks that is a wrap for my April income post. How did you do in April? Thank you for reading I appreciate it.

Matthew

 

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17 thoughts on “April 2019 Dividend Income

  1. Congrats on achieving another milestones You not just passed the 700, you totally crashed it. I know you were planning on buying the European REIT, but I missed the post about the actual purchase. Aslo, love the dividend increases from solid Canadian companies. The snowball keeps on rolling. As for me, I keep on buying the stocks every month.Keep up the good work!

    Liked by 1 person

    1. Hey German there actually wasn’t a post about me buying the stock. That is my fault I got really busy at the time and completely forgot about it. I look forward to reading your posts. Keep up the good work yourself!

      Like

  2. Hello there. Nice job! What is a locked in retirement account? I have maxed out my RRSP and TFSA and I’m looking for other options. Thanks in advance

    Liked by 1 person

    1. Hi Shane thanks for reading the post and congrats on maxing out your accounts. The locked in account is money I received from a previous employer pension after I was laid off I had to move the money into a locked in account which means I can’t touch the money until I turn 55. So it’s different from a RRSP and a TFSA because in those accounts you can withdraw money anytime you want.

      Like

  3. wow absolutely solid Matt!

    congrats man. Thats a hell of a total. Keep it up.

    As for cash I rather deploy it and have it working for me.

    cheers!

    Liked by 1 person

  4. Excellent work, Matthew. The past couple of years you’ve truly ramped up the dividends you’re getting paid. Your new addition (European Residential REIT) really packed a punch this month with the special dividend.
    I see Leon’s Furniture and North West Company are very small contributors for you. Any plans to increase your investments there? Or do you see them being sold and the funds invested elsewhere?
    Congrats on a terrific April.

    Liked by 1 person

    1. Thanks! The new REIT certainly did pack a punch for me in April. In regards to Leon’s Furniture and North West Company I currently only hold 1 share of them each. I should should probably just sell them. Thanks for reading the post!

      Like

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