February 2020 Dividend Income

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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

 

RRSP

2019 2020
Royal Bank of Canada $75.46 $100.80
Bank of Montreal $71.00 $96.46
AbbVie $40.66 $79.06
Texas Instruments $20.70
Realty Income Corp $10.60 $10.93
BMO International Dividend ETF $22.23
Inter Pipeline $36.85
Total $256.80 $307.95

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.

TFSA

2019 2020
BMO International Dividend ETF $38.79
Inter Pipeline $34.84 $35.34
The Keg Royalties Income Fund $28.38 $28.95
Plaza Retail Reit $24.61 $25.32
Chorus Aviation $18.16 $18.64
Canadian Apartment Properties Reit $9.20 $9.55
European Residential Reit $7.02
Artis Reit $7.43
Boston Pizza Royalties Fund $12.31
Laurentian Bank $61.75
Total $196.68 $163.61

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.

LIRA

2019 2020
Diversified Royalty Corp $2.22 $3.76
Total $2.22 $3.76

Thanks to a purchase I made last year I was able to add shares and grow my income.

DRIP

# Of Shares Forward Income
Plaza Retail Reit 5 $1.40
Chorus Aviation 2 $0.96
Inter Pipeline 1 $1.71
European Residential Reit 1 $0.15
Diversified Royalty Corp 1 $0.23
Total 10 $4.45

Feb 20 Forward Income From DRIP Shares

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

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 $475.32
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

I’m up $19.62 over last February a small gain but a gain nonetheless.

2020 Dividend Goal

Feb20 2020 Dividend Goal

Stock Purchases

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

 

Dividend Increases

Big month for my portfolio this lots and lots of raises.

  1. 3M Company  2%
  2. Suncor  11%
  3. BCE  5%
  4. Diversified Royalty Corp
  5. TC Energy  8%
  6. RBC  3%
  7. Home Depot  10.3%
  8. 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.

Thanks

Matthew

7 thoughts on “February 2020 Dividend Income

  1. Excellent month Matthew. For one of your quiet months, you performed very, very well. That is a healthy list of dividend increases as well. I’m a little bummed about the MMM dividend increase; however, looking at how things have shaken out, it was probably prudent. Best of luck building on a successful month and crushing it in March!

    Bert

    Liked by 1 person

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