January 2020 Dividend Income

Hello and welcome to February investing friends. The first month of 2020 is in the books and I get to share my January income with you. I hope everyone had a great month! January is one of my stronger months, I had 18 stocks and 1 ETF pay dividends. I received a total of $680.27 an increase of 9.7% compared to last January the breakdown per account is as follows:

• RRSP  $391.93
• TFSA  $284.60
• LIRA  $3.74

I had three US stocks pay dividends in the month, here is the currency that I received the dividends in. Just 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  $108.31
• CDN  $571.96

RRSP

	2019	2020
BCE	$104.95	$111.74
TC Energy	$100.74	$110.25
Telus	$56.14	$61.16
Altria Group	$48.80	$52.08
Algonquin Power & Utilities	$41.02	$45.54
Realty Income Corp	$10.39	$10.69
North West Company	$0.32	$0.33
Leon’s Furniture	$0.14	$0.14
BMO International Dividend ETF	$22.23
Inter Pipeline	$36.34
Total	$421.07	$391.93

My income dropped in this month due to my selling of Inter Pipeline and the ETF. Dividend increases from my top five stocks couldn’t overcome the two sells. Next year this account should be back in growth mode.

TFSA

	2019	2020
Bank of Nova Scotia	$22.95	$94.50
BMO International Dividend ETF		$38.79
Inter Pipeline	$34.34	$35.20
The Keg Royalties Income Fund	$37.38	$28.95
Plaza Retail Reit	$24.61	$25.20
Transcontinental		$24.42
Chorus Aviation	$18.16	$18.56
Canadian Apartment Properties Reit	$9.20	$9.55
European Residential Reit		$7.01
Andrew Peller Ltd.		$2.42
Artis Reit	$7.43
Boston Pizza Royalties Fund	$12.31
ZCL Composites Inc.	$30.65
Total	$197.03	$284.60

Huge month for my TFSA the income grew 44.4%, new investments into Bank of Nova Scotia, Transcontinental and European Residential Reit had a big impact as well as moving the BMO International Dividend ETF into this account. Another major impact was the drip program from several stocks. There was no special distribution from The Keg this year that is why the income is down a little bit.

LIRA

	2019	2020
Diversified Royalty Corp	$2.22	$3.74
Total	$2.22	$3.74

Income grew 68.5% due to a purchase I made last year.

DRIP

	# of Shares	Forward Income
Plaza Retail Reit	5	$1.40
Algonquin Power & Utilities	3	$1.69
Chorus Aviation	2	$0.96
Telus	1	$2.33
Altria Group	1	$3.36
Inter Pipeline	1	$1.71
BCE	1	$3.17
European Residential Reit	1	$0.15
Transcontinental	1	$0.88
BNS	1	$3.60
The Keg Royalties Income Fund	1	$1.13
TC Energy	1	$3.00
Diversified Royalty Corp	1	$0.23
Total	20	$23.61

I was able to drip an additional 20 shares that will increase my forward income by $23.61.

Year Over Year Dividends

	2016	2017	2018	2019	2020
January	$298.97	$377.99	$436.34	$620.32	$680.27
February	$205.66	$273.04	$309.75	$455.70
March	$249.31	$424.96	$519.44	$696.89
April	$346.87	$403.82	$533.09	$760.67
May	$288.53	$284.35	$369.72	$482.69
June	$269.00	$362.19	$650.27	$718.53
July	$367.33	$402.11	$543.91	$632.54
August	$298.23	$289.40	$388.99	$535.11
September	$285.41	$403.27	$568.42	$721.71
October	$380.23	$399.38	$546.38	$669.14
November	$293.02	$287.15	$438.59	$460.48
December	$287.58	$404.51	$689.97	$752.25

As you can see my income continues to grow, I almost had two straight months of over $700. Hopefully next January will see me in the $700 club.

2020 Dividend Goal

For this year I have made a goal of wanting to receive $9,500 in dividends. I plan on investing a lot of money into my TFSA this year so we’ll see what happens. In order to achieve the goal I will need to average $791.67 in income per month. Last month I received $680.27 it moved the needle a little bit.

Stock Purchases

I made two purchases in the month.

• Brookfield Renewable Partners (ticker: BEP-UN)     21 shares

• iShares Core MSCI All Country World ex Canada Index ETF (ticker: XAW)      1 share

The Brookfield purchase was made for my Tax Free Savings Account and the Exchange Traded Fund was made for my Registered Retirement Account.

Dividend Increases

I got the year started with three raises.

• Canadian Utilities   3%
• Realty Income         3.1%
• Canadian National 7%

These three raises increase my forward income by $13.04.

How did you guys do in January? Please feel free to comment below.

Thanks for reading

Matthew

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