August 2019 Dividend Income

August Dividend Post

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

 

8 thoughts on “August 2019 Dividend Income

  1. Looks like a great month Matthew! Over $500 in dividends which looks like roughly $150 higher than 2018. We had a good month but nothing too exciting as far as dividends coming in. It was a busy month of purchases though and our forward dividends for the FI Portfolio are nearing in on $7,500 which I’m pretty excited about.

    Like

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