Hello and welcome to my February dividend income post. I always enjoy writing these type of posts because I get to share with you what went on with my portfolio in the previous month. What can I say about February? Hmmm well portfolio value continued to rise until the last week when fears of the coronavirus fears took hold of the market. I imagine in the days ahead the market will be volatile which will not shy me away from buying. On a positive note my dividend income continued to grow, I earned $19.62 over February 2019’s total.
February is one of my quietest months, I had 12 stocks and 1 ETF pay me $475.32. The income breakdown per account is as follows:
- RRSP $307.95
- TFSA $163.61
- LIRA $3.76
I had three US stocks pay me in February, 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 $110.69
- CDN $364.63
|Royal Bank of Canada||$75.46||$100.80|
|Bank of Montreal||$71.00||$96.46|
|Realty Income Corp||$10.60||$10.93|
|BMO International Dividend ETF||$22.23|
So pretty quiet in my RRSP this month as I received payments from just 5 stocks. My income grew however due to my purchases in all of the stocks other than Realty Income Corp. Also all five stocks increased their dividends as well throughout 2019.
|BMO International Dividend ETF||$38.79|
|The Keg Royalties Income Fund||$28.38||$28.95|
|Plaza Retail Reit||$24.61||$25.32|
|Canadian Apartment Properties Reit||$9.20||$9.55|
|European Residential Reit||$7.02|
|Boston Pizza Royalties Fund||$12.31|
This account was a little busier as I hold a few monthly payers here, my income was lower due to the fact I sold three stocks during last year. On a positive note all but one of the stocks I still own benefited from the DRIP (dividend re-investment plan) and their income has grown from last February.
|Diversified Royalty Corp||$2.22||$3.76|
Thanks to a purchase I made last year I was able to add shares and grow my income.
|# Of Shares||Forward Income|
|Plaza Retail Reit||5||$1.40|
|European Residential Reit||1||$0.15|
|Diversified Royalty Corp||1||$0.23|
As many of you know I recently moved my TFSA account to Wealthsimple Trade. Wealthsimle does not offer a drip program so I have to take dividends in cash. Last month it had been my plan to just buy another share when the dividends came in, however with the market volatility I am changing my plan. I believe this downturn has created some buying opportunities, so I’m going to be starting some new positions in stocks and I plan on building up these positions with the dividends I currently receive in my TFSA.
As for my RRSP and LIRA accounts the drip will continue as normal. Thought I would share this with you as you will see my drip numbers dropping.
Year Over Year Dividends
I’m up $19.62 over last February a small gain but a gain nonetheless.
2020 Dividend Goal
I was busy this month with my purchases, having the ability to buy stocks with zero commissions has given me the opportunity to buy shares bi-weekly instead of waiting until I had a certain amount ($1,000) before buying to save on fees. Here are my buys for the month.
- European Residential Reit 25 shares
- Chorus Aviation 13 shares
- Inter Pipeline 10 shares
- Transcontinental 10 shares
- Canadian National Railway 6 shares
- BMO International Dividend ETF 5 shares
- iShares Core MSCI All Country ex Canada Index ETF 4 shares
Big month for my portfolio this lots and lots of raises.
- 3M Company 2%
- Suncor 11%
- BCE 5%
- Diversified Royalty Corp
- TC Energy 8%
- RBC 3%
- Home Depot 10.3%
- Transcontinental 2.3%
Well folks that’s a wrap what do you think of my month? How was your month? I’d love to hear from you so please feel free to comment below.