August 2019 Dividend Income

Hello and welcome everyone to my August dividend income post. I will share with you everything that happened in August with my investment accounts. I bet there are some very happy parents today as the kids go back to school this morning. This month I received dividend payments from 12 stocks and 1 ETF. My income for August was $535.14 I skipped the $400’s and went straight to the $500’s lol.

The income breakdown per account is as follows:

• RRSP $310.84
• TFSA $220.78
• LIRA $3.52

I had two 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 $82.34
• CDN $452.77

RRSP

	2018	2019
Royal Bank of Canada	$72.38	$97.92
Bank of Montreal	$68.16	$93.73
AbbVie		$71.69
Inter Pipeline		$36.85
Realty Income Corp	$13.45	$10.65
Pizza Pizza Royalty Corp	$17.18
BMO International Dividend ETF	$9.72
Alimentaion Couche-Tard	$4.20
BMO US Dividend ETF	$32.02
Total	$217.11	$310.84

The banks led the way for me this month with those nice juicy dividends that they pay. I decided to sell my Inter Pipeline shares for this account so this is the last month I will receive dividend in my RRSP account.

TFSA

	2018	2019
Laurentian Bank		$62.70
BMO International Dividend ETF		$38.79
Inter Pipeline	$33.04	$34.49
The Keg Royalties Income Fund	$15.70	$28.47
Plaza Retail Reit	$23.96	$24.61
Chorus Aviation	$17.72	$18.16
Canadian Apartment Properties Reit	$9.20	$9.55
European Residential Reit		$4.01
Artis Reit	$14.49
Boston Pizza Royalties Fund	$12.31
Corus Entertainment	$18.91
Total	$145.33	$220.78

Some nice growth here thanks to the payments from Laurentian Bank and the ETF. I have the drip up and running now on all stocks so we should see some modest growth this time next year.

LIRA

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

Nothing going on with this account I still just have the two stocks in it.

DRIP

With my drip up and running now I was able to drip a few more shares and add some additional forward income to my portfolio.

	# of Shares	Forward Income
Plaza Retail Reit	5	$1.40
Chorus Aviation	2	$0.96
Inter Pipeline	1	$1.71
The Keg Royalties Income Fund	1	$1.13
Total	9	$5.20

I thought I was going to be able to drip a share of Bank of Montreal but I guess I missed the ex dividend date. I can’t complain though I will take a $5.20 boost to my future income.

2016 to 2019 Dividends

The chart shows the upward trajectory of my dividend journey to date. Hopefully it will continue years into the future. 🙂

Dividend Goal For 2019

I’m just $3,097.55 away from my goal. I will need to receive $774.39 per month in order to reach my goal.

Stock Purchases

August was very busy for me in terms of stock purchases, here is what I bought.

• 21 shares of Suncor
• 20 shares of Walgreens Boots Alliance
• 10 shares of Microsoft
• 10 shares of Texas Instruments
• 10 shares of 3M (MMM)
• 59 shares of Bank of Nova Scotia

 

Stock Sells

I sold a couple of stocks this month.

• 256 shares of Inter Pipeline (RRSP shares only, I still own shares in TFSA)
• 95 shares of Laurentian Bank

 

Dividend Raises

I received three raises from in the month.

• Royal Bank of Canada
• Altria Group
• Bank of Nova Scotia

 

Well folks there is my August recap for you. Please feel free to comment below. How did you guys do this month?

Thanks for reading

Matthew

 

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