March 2020 Dividend Income

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Welcome back everyone, I hope all of you are doing well in these uncertain times we face. Today is a fun post for me, I always enjoy sharing with everyone my dividend posts. I’m sure everyone out there had their portfolio value drop considerably in the month of March, I believe at one point my value had dropped by $55k it has since recovered somewhat. At no point though did the thought of selling cross my mine. I believe the stocks that I own will all bounce back after the pandemic is gone, some quicker than others but eventually I have faith all will do well in the future.

If I don’t look at my portfolio value than I would say March was an amazing month for me, I received a record amount of income from my investments. March was very busy in terms of payments received, I had 22 stocks and 1 ETF pay me a grand total of $808.35. My income grew 16% compared to last March. The income breakdown per account is as follows:

• RRSP:  $433.40
• TFSA:  $284.63
• LIRA:  $90.32

I had 8 US stocks pay me, 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  $110.85
• CDN  $697.50

 

RRSP

	2019	2020
Enbridge	$112.91	$127.17
Fortis	$93.15	$99.80
Power Corp	$69.91	$95.58
Lockheed Martin	$17.60	$19.20
Home Depot	$16.32	$18.00
Johnson & Johnson	$14.40	$15.20
3M Company		$14.70
Bank of America	$10.80	$12.96
Realty Income	$10.60	$10.93
Microsoft	$5.06	$10.71
Walgreen’s Boots Alliance		$9.15
Inter Pipeline	$36.85
Total	$387.60	$433.40

My income grew by 11.8% this year compared to March 2019. A big reason for this is having the DRIP turned on and dividend raises. Just look at Enbridge for example I was able to drip new shares last June, September and December and on top of that a 10% dividend increase that increased my income by 12.6% from Enbridge.

TFSA

	2019	2020
Candian Utilities	$65.10	$67.92
BMO International Dividend ETF	$22.23	$39.24
Inter Pipeline	$34.84	$36.77
The Keg Royalties Income Fund	$28.38	$29.04
Plaza Retail Reit	$24.61	$25.43
Suncor		$22.79
Chorus Aviation	$18.16	$19.24
Brookfield Renewable Partners		$15.30
Canadian National Railway	$8.06	$12.07
Canadian Apartment Properties Reit	$9.20	$9.55
European Residential Reit		$7.28
Artis Reit	$7.43
Boston Pizza Royalties Fund	$12.31
Total	$230.32	$284.63

Income grew by 23.6% in this account and I’m super pumped about that. I have proclaimed 2020 to be the year of the TFSA lol. New investments in my ETF, Suncor, Brookfield Renewable Partners, Canadian National Railway and European Residential Reit.

LIRA

	2019	2020
Enbridge	$76.75	$85.86
Diversified Royalty Corp	$2.22	$4.46
Total	$78.97	$90.32

This account grew by 14.4% mainly due to Enbridge’s dividend increase in December. I did make a small buy of Diversified Royalty Corp to help boost the number.

DRIP

	# of Shares	Forward Income
Chorus Aviation	9	$4.32
Power Corp	4	$7.16
Enbridge	3	$9.72
BMO International Dividend ETF	2	$2.16
Diversified Royalty Corp	2	$0.40
Suncor	1	$1.86
Fortis	1	$1.91
Total	22	$27.53

 

It was a pretty successful month in terms of dripping new shares and the forward income they will provide. Going forward I will no longer be dripping new shares in my TFSA account, I will only be doing so in my RRSP and LIRA accounts. I have come up with an investing strategy for the future for my RRSP and TFSA accounts which I will write about in a week or so.

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	$808.35
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

A big gain this month compared to last year of $111.46 or 16%.

2020 Dividend Goal

In order to achieve my goal for the year I need to average $791.68 in income, March becomes the first month I have been able to accomplish this. Comparing my first quarter income from 2019 I am up $191.03 or 10.8%.

 

Stock Purchases

I did a lot of buying in March as all of my readers know. Here is what I purchased.

• Plaza Retail Reit  100 shares
• Aecon Group  90 shares
• NFI Group  78 shares
• SmartCentres Reit  70 shares
• Inter Pipeline  50 shares
• Diversified Royalty Corp  31 shares
• Altria Group  21 shares
• Sun Life Financial  20 shares
• Chorus Aviation  19 shares
• Suncor  16 shares
• Go Easy Ltd.  13 shares
• Bank of Nova Scotia  10 shares
• Brookfield Renewable Partners  10 shares
• Johnson & Johnson  8 shares
• Lockheed Martin  6 shares
• Canadian National Railway  5 shares

 

Sold Stock

• Realty Income Corp (all shares)

 

Dividend Raises

Received two raises in March.

• Aecon Group  10%
• Power Corp 10%

 

Dividend Cuts

Sadly I received three cuts in the month. I am also expecting to receive more in the coming months.

• Inter Pipeline  72% cut
• NFI Group 50% (temporary)
• Diversified Royalty Corp  17%

 

How was your March? Please feel free to let me know!

Stay Safe!

Thanks

Matthew