July 2019 Dividend Income

dividends_cubes July 2019

Hey everyone and welcome to my July dividend income post. In this post I will look back and share with you everything I did in terms of investing. July turned out to be a busy month I made four purchases and sold one stock. I received payments from 16 stocks and 1 ETF my income for July was $632.54.

The income breakdown per account is as follows:

  • RRSP $420.84
  • TFSA $208.18
  • LIRA $3.52

I had three US stocks pay me so here is the currency in which I received the dividends in. Just as a reminder to keep things simple I report the US currency as Canadian that way I don’t have to convert it to Canadian.

  • USD $104.57
  • CDN $527.97

RRSP

2018 2019
BCE $102.68 $110.95
TC Energy (TransCanada) $71.07 $109.50
Telus $53.03 $58.50
Altria Group $48.80
Algonquin Power & Utilities $52.37 $45.12
Inter Pipeline $36.85
Realty Income Corp $13.54 $10.65
North West Co. $0.32 $0.33
Leon’s Furniture $0.12 $0.14
BMO US Dividend ETF $31.95
Pizza Pizza Royalty Corp $17.11
Total $342.19 $420.84

Not too much going on with this account a couple of new investments in TC Energy and Altria Group helped boost the income, plus dividend increases from BCE and Telus.

TFSA

2018 2019
Bank of Nova Scotia $39.15
BMO International Dividend ETF $38.79
Inter Pipeline $32.90 $34.84
The Keg Royalties Income Fund $15.70 $28.38
Plaza Retail REIT $23.84 $24.61
Chorus Aviation $17.64 $18.16
European Residential REIT $12.28
Canadian Apartment Properties REIT $9.20 $9.55
Andrew Peller Ltd $2.42
Artis REIT $14.40
Boston Pizza Royalties Fund $12.31
Corus Entertainment $18.53
ZCL Composites Inc $30.65
Total $175.17 $208.18

There was a lot of turnover in my TFSA new investments from Bank of Nova Scotia and European Residential REIT helped propel my income over $200. At the bottom you can see four stocks that are no longer in my portfolio as I sold them or lost them when they went private (ZCL Composites Inc).

LIRA

2018 2019
Diversified Royalty Corp $3.52
Enbridge Income Fund $26.55
Total $26.55 $3.52

A tiny boost to my income from Diversified Royalty Corp this month as it was one of the stocks I purchased at the beginning of the month before the ex dividend date.

DRIP

At the beginning of the month I had the broker turn on the DRIP (Dividend Re-investment Plan) for the stocks in my TFSA account. At the end of the month I decided to do this for all of my accounts. By the time the DRIP took effect I was able to DRIP from one stock.

  • The Keg Royalties Income Fund  1 share

This additional share adds $1.13 to my forward dividend income.

2016 To 2019 Dividends

2019 Dividend Goal

I crossed over the $4,000 mark in July so now I’m passed the halfway mark to reaching my goal of $8,000 in dividends this year.

Stock Purchases

  • 110 shares of Transcontinental
  • 70 shares of Diversified Royalty Corp
  • 20 shares of Bank of Montreal
  • 19 shares of Royal Bank of Canada

 

Stock Sell

I decided to take my 39% profit from Alimentation Couche-Tard and sell. I reinvested the profits into Bank of Montreal and Royal Bank of Canada.

Well fellow investors that is a wrap for my July. How was your month? Please feel free to comment in the comment section below.

Thanks for reading

Matthew

 

12 thoughts on “July 2019 Dividend Income

  1. Hey just wondering what the rationale was for selling your ATD.B? I am holding a 1/4 position and plan to eventually build it out to a full position. Always interested in others’ decisions as well.

    Nice job Matthew.

    Liked by 1 person

    1. Hi Mitch I really like the company but I wanted to put the profit into better dividend paying stocks. I only had a tiny position in ATD.B when I sold later on down the road I will probably start buying the stock again. Thanks for reading the post!

      Like

  2. Another great month, Matt. Nice dividend increases from Bell and Telus. I have a feeling our telcoes are about to build a new upside trend. What do you think of $8K goal. Will you make it this year?

    Liked by 1 person

    1. Hey German the telcos might have an upside trend with the 5G. I think I will fall just short of my goal this year. At this point I’m thinking I might finish with around $7,500 which is still very good.

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s