July 2019 Dividend Income

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