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
|Johnson & Johnson||$14.40||$15.20|
|Bank of America||$10.80||$12.96|
|Walgreen’s Boots Alliance||$9.15|
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.
|BMO International Dividend ETF||$22.23||$39.24|
|The Keg Royalties Income Fund||$28.38||$29.04|
|Plaza Retail Reit||$24.61||$25.43|
|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|
|Boston Pizza Royalties Fund||$12.31|
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.
|Diversified Royalty Corp||$2.22||$4.46|
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.
|# of Shares||Forward Income|
|BMO International Dividend ETF||2||$2.16|
|Diversified Royalty Corp||2||$0.40|
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
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%.
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
- Realty Income Corp (all shares)
Received two raises in March.
- Aecon Group 10%
- Power Corp 10%
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!