2017 Goal Review #1

Hi everyone hope all is well with you. Today’s post is going to be about reviewing the goals that I set for myself back in January. If you would like to read that post please click here. This is only the second year that I have set goals and thought it would be a good idea to do quarterly reviews to help keep me accountable. This year I decided to focus a bit more on personal finance, I am attempting to improve my finances by saving more and eliminating debt. Don’t worry though I added a couple investing goals 🙂

2017 goals image

So let’s get started. FYI all numbers below are as of April 1st.

Personal Finance

  • Eliminate $3,818 loan
  • Increase savings to $6,000

This year I set two goals for personal finance, first I wanted to eliminate my loan of $3,818. I have $1,247.03 remaining so I have paid off 67% of the loan. I am hoping to have the debt gone by the end of April as I will receive my income tax return and get paid twice by my main employer.

My second goal was to have an emergency fund of $6,000. At the start of the year I only had $2,500 set aside in case of an emergency and I don’t feel comfortable with that. Well folks about a week after I wrote about my 2017 Goals I picked up a part-time job. With the new job I will achieve my goal rather quickly that is why I am going to increase my goal to $10,000. As of  April first I had increased my savings to $4,333.20. Another way I am building up my savings is by getting another credit card. In March I signed up for the Tangerine MasterCard Cash Back card where I will get three categories (Gas, Groceries, Restaurants etc…) of 2% cash back and each month that will be deposited into a savings account.

Portfolio/Investing

  • Invest $4,000
  • Receive $4,000 in dividends

My first goal was to invest $4,000 this year so far I have invested $700. Once my loan is paid off I will be able to put more money towards investing. My second goal was to receive $4,000 in dividends, last year my goal was to receive $3,500 and I achieved that so I decided to try and crack the $4k barrier. So far in 2017 I have received $1,075.99 at the moment I am on track so fingers crossed 🙂 If my investments continue to raise their dividends I believe I can reach my goal.

Blog

  • Have 15,000 page views
  • Have 30 followers

I set a couple of goals for this blog. First try and get 15,000 page views so far I have received only 3,015 views averaging about 1,000 per month leaving me 3k short so I need to pick up the pace. For my second goal I have been having much better success, at the beginning of the year I had 6 followers and I have since gained 13 for a total of 19. Thank you to all who follow I appreciate it.

Twitter

  • Have 1,500 followers

I thought I would add a social media goal this year so I am attempting to have 1,500 by the end of the year. At the beginning of 2017 I had 788 followers, at the end of March that had increased to 981 for a gain of 193. Thanks for following everybody. If you would like to follow me on Twitter please click here.

That wraps up my 2017 goals review, I would like to thank everyone for reading. Please share if you like the post. I hope everyone is on track with their goals this year.

Thanks again take care

Matthew

March 2017 Income Report

Hi everyone it’s the first week of April so that means it’s time for my favourite post. I hope you all had a terrific month and collected lots of dividends. March for me was fantastic I had the best month since becoming a dividend investor in terms of receiving dividends. For the first time ever I collected over $400.

My total for March was $424.96 last month compared to $249.31 in March 2016. I had 14 companies and 1 ETF pay me. My portfolio consists of two accounts the Tax Free Savings Account (TFSA) and Registered Retirement Savings Plan (RRSP). In my TFSA I received $177.03 which is a record a big reason why was a special dividend paid by ZCL Composites Inc. For my RRSP account I received $247.93.

TFSA

ZCL Composites Inc $82.55
Inter Pipeline $17.87
Boardwalk Real Estate Investment Trust $17.63
The Keg Royalties Income Fund $15.24
Artis Real Estate Investment Trust $13.95
Boston Pizza Royalties Fund $12.31
Chorus Aviation $10.92
Corus Entertainment $6.56

RRSP

Fortis $64.40
Canadian Utilities $55.41
Enbridge $54.80
BMO US Dividend ETF $29.50
Pizza Pizza Royalty Corp $16.76
Power Corp of Canada $12.06
Westjet $7.00

Dividend Chart

Red is 2017 and Blue is 2016.

Buy/Sell
In March I made two purchases one purchase was for each account.

Dividend Increases

I received two increases plus a special dividend in March.

  • On March 8th ZCL Composites Inc announced a 50% increase to the quarterly dividend increasing it to $0.12 from $0.08.
  • Also ZCL Composites announced a special dividend of $0.65
  • On March 21st BMO announced a distribution increase for US BMO Dividend ETF. It now pays a monthly dividend of $0.07 instead of $0.06600.

So folks that is my report for the month of March I hope you enjoyed reading it. Please share I always appreciate that 🙂 I hope you all had a great month as well.

Thanks for reading

Matthew

BMO Increases Distribution For ETF

Hi guys hope you are all excellent and receiving lots of dividends. Today I just wanted to post about a recent increase I received. On March 21st Bank of Montreal (BMO) announced some changes to the distribution to some of their ETFs, on that list was an ETF that I own the BMO US Dividend ETF (ZDY).

I purchased ZDY late in 2016 which you can read click here. ZDY is designed to provide investors exposure to a yield weighted portfolio of US dividend paying stocks. It currently has a holding of 100 stocks.

Sector Allocation

Distribution

ZDY pays a monthly distribution. With the announcement on March 21st this is the second time this year that BMO has increased the distribution. The ETF beginning with the payment in April will now pay $0.0700 instead of $0.06600.

I currently own 447 shares and with the announcement my forward income will increase $21.48 a year.

Congrats for those who own this ETF.

Thanks for reading please share 🙂

Matthew

Dividend Increase Plus A Special Dividend

2d4f8-zcl-composites-inc

Hi everyone I thought I would share with you a recent increase I received from one of my investments. Well actually I received two announcements from ZCL Composites Inc. On March 8th while delivering their 4th quarter and yearly results for 2016 ZCL Composites Inc. announced that they were rewarding shareholders with a special dividend of $0.65 a share, and were also boosting their dividend by 50%.

About ZCL Composites Inc.

ZCL Composites Inc. (ZCL) is a Canada-based manufacturer and supplier of fiberglass reinforced plastic (FRP) underground storage tanks. The Company also provides custom-engineered above-ground FRP and dual-laminate composite storage tanks, piping and lining systems, and related products and accessories, where corrosion resistance is a high priority. Its segments are Underground Fluid Containment (Underground) and Above-ground Fluid Containment (Above-ground). The Company has three product groups: Petroleum Products, Water Products and Corrosion Products. The Petroleum and Water Products groups are components of the Underground segment, use a similar production process, and use the brand identities of ZCL, Xerxes, and Parabeam.

(Source: Google Finance)

Dividend Announcements

So as mentioned above ZCL Composites Inc. announced that they were rewarding shareholders with a special dividend of $0.65. This is the second straight year in which a special dividend has been given to shareholders, last year in March the company paid out $0.50 a share.

I own 127 shares of ZCL so for the special dividend I will received $82.55. The special dividend will be paid to shareholders on March 31st. With this payment I will surpass what I would have received all year long with their regular dividend 🙂

Also announced was a 50% increase to their quarterly dividend, the dividend will increase to $0.12 a share from $0.08. Since 2012 ZCL has increased the dividend 10 times. This is the first increase that I have received this purchasing this stock.

So since I own 127 shares my yearly income will increase $20.32.

If you own ZCL Composites Inc. then congrats on the dividend increase and special dividend.

Thanks for reading please feel free to share.

Matthew

New Purchase – Chorus Aviation

choruslogo100

Hi guys I am back to talk about a new purchase I made only a day after purchasing Exco Technologies. On March 8th I added to my position in Chorus Aviation which is in my Tax Free Savings Account (TFSA). I recently wrote a review of Chorus Aviation which you can read here.

So what is Chorus Aviation? Well Chorus which is headquartered in Halifax, Nova Scotia is a company that has various regional aviation interests including Jazz and Voyageur.

Jazz

In Canada Jazz operates the largest regional airline and the third largest airline based on passengers carried. Jazz had a Capacity Purchase Agreement (CPA) with Air Canada. Under which Air Canada purchases the capacity of covered aircraft operated by Jazz under the Air Canada Express Banner. Through Jazz Chorus provides a significant part of Air Canada’s domestic and trans border network to 57 destinations in Canada and 13 in the United States. The CPA is in effect until December 2025. The planes under the CPA have a seating capacity of between 30-78 passengers.

air-canada-express-jazz-dhc-8-400-c-ggoi-04apr-yyz-tmk46-m

Voyageur Aviation

On May 1st, 2015 Chorus Aviation purchased Voyageur Aviation. Voyageur provides specialized contract flying operations to Canadian and International customers. The company operates medical, logistical and humanitarian flights serving blue chip clients in Canada and Africa, comprised primarily of government entities and international non-governmental organizations. Voyageur also has a AeroTech division which specializes in engineering and advanced maintenance operations.

Reasons For Purchasing More Shares

  • Long-term labour contracts with all employees expires in 2025.
  • Long-term Capacity Purchase Agreement (CPA) with Air Canada expires in 2025.
  • Created new subsidiary called Chorus Aviation Capital to diversify revenue.
  • Stock yields 6.55%

Transaction Details

Before purchasing these new shares in the company I owned 273 shares which were purchased last February at a cost of $5.64 per share. On March 8th I purchased another 159 shares at $7.10 a share for a total cost of $1,148.80. So I now currently own  432 shares with an average cost of $6.22 per share.

Dividends

Chorus pays a monthly dividend of $0.04 so with my 159 additional shares my income will increase by $6.36 per month or $76.32 a year. Combined the 432 shares will provide me $17.28 a month or $207.36 a year.

I didn’t go into too much depth with this report as it is a stock I already own, and as mentioned above I wrote a review a couple months ago on the stock. I hope you enjoyed reading this post.

Do you own Chorus Aviation? Is it on your radar? What do you think of my purchase please feel free to share your thoughts.

Thanks for reading

Matthew

First Stock Purchase Of The Year

exco-logo

Hey folks I finally purchased my first stock of the year. On March 7, 2017 I purchased Exco Technologies Limited (Ticker: XTC) for my Registered Retirement Savings Plan (RRSP) account.

About Exco Technologies Limited

Exco is a global designer, developer and manufacturer of dies, moulds, components and assemblies, and consumable equipment for the die-cast, extrusion and automotive industries. The Company reports in two business segments Casting and Extrusion, and Automotive Solutions.

Casting and Extrusion 

The Casting and Extrusion segment designs, develops and manufactures die-casting and extrusion tooling and consumable parts for both aluminum die-casting and aluminum extrusion machines. Operations are based in North America, South America and Thailand and serve automotive and industrial markets around the world. The Canadian, European, South American and United States markets are Exco’s primary focus for die-cast moulds, extrusion dies and machine consumable parts. In 2014 the company opened a new factory in Thailand in an effort to better penetrate the Asian market for those products.

Automotive Solutions

The Automotive Solutions segment designs, develops and manufactures automotive interior trim components and assemblies primarily for passenger and light truck vehicles. The segment is made up of five businesses:

  1. Polytech
  2. Polydesign
  3. Automotive Leather Company
  4. Neocon
  5. AFX Industries

Polytech and Polydesign businesses manufacture synthetic net and other cargo restraint products, injection-moulded components, shift/brake boots, related console components and assemblies. Polydesign  is also a manufacturer and/or finisher of injection moulded interior trim and instrument panel components, seat covers, head rests and other cut and sew products. Automotive Leather Company  is a manufacturer of leather/fabric seat covers for automobile interiors. Neocon is a supplier of soft plastic trunk trays, rigid plastic trunk organizer systems, floor mats and bumper covers. AFX Industries is a tier 2 supplier of leather and leather-like interior trim components to the North American automotive market. AFX supplies die cut leather sets for seating and many other interior trim applications as well as injection-moulded, hand-sewn, machine-sewn and hand-wrapped interior trim components of all sorts.

The Automotive Solutions segment has manufacturing facilities in Canada, the United States, Mexico, Bulgaria and Morocco.

Sales

Sales Exco continue to increase year over year. Last year sales increased $90.7 million or 18%. $66.9 million of this was from the purchase of AFX Industries and that is only for six months of 2016.

Segment Sales For 2016

In 2016 the Automotive Solutions had sales of $396.8 million, and The Casting and Extrusion segment had $192.2 million.

Geographic Sales

Net Income

Earnings Per Share

Dividends

Exco has increased it’s dividend for the last 11 years, earlier this year they increased it 14% and will now pay $0.08 quarterly. Exco has a low payout ratio of 29% leaving them plenty of room to continue to raise the dividend for the next few years.

Transaction Details

On March 7th, I purchased 100 shares @$12.40 a share. My trading cost was $9.99 so my total cost for the purchase was $1249.99.

Forward Income

This purchase will boost my forward income by $32.

Well there you have it my first stock purchase of the year. So what do you think? Please let me know I always value your opinion and comments. Also please share I always appreciate that.

Thanks for reading

Matthew

RBC Raises Dividend

7a4ce-rbc-use

Hey folks today I thought I would share with you my latest dividend increase that my portfolio received. This is my first increase from a Canadian bank this year. On February 24, 2017 Royal Bank of Canada (RBC) announced a 5% increase to their dividend.

About

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries. The Company’s business segments include Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets. The Company, through its segments, serves various lines of businesses, which include Personal Financial Services, Business Financial Services, Cards and Payment Solutions (Canadian Banking), Caribbean and United States Banking, Canadian Wealth Management, United States and International Wealth Management, Global Asset Management, Canadian Insurance, International Insurance, Corporate and Investment Banking, Global Markets and Other.

(Source: Google Finance)

Dividend

RBC pays a quarterly dividend, at the end of 2016 the dividend annually was $3.24 a share. On February 24, 2017 increase boosts the the dividend to $0.87 a share from $0.83. This is the first time since 2014 that RBC increased the dividend by $0.04, normally they announce a raise every other quarter of $0.02.

Details

I currently own 77 shares of RBC., I have owned the stock since 2014. Since starting a position in the bank I have received 6 dividend increases. With this announcement my income increases by $12.32.

Congrats to my fellow shareholders keep collecting those dividends.

Stay tuned as my next post will be on a stock purchase 🙂

Thanks for reading.

Matthew

February 2017 Income

Hi everyone and welcome to my February income report. I hope everyone had a great month and received lots of dividends from their investments. In February I received dividends from 11 companies and 1 ETF.

My portfolio consists of two accounts a Tax Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP). For my TFSA I received $94.48 from 7 companies. I received $178.56 in my RRSP from 4 companies and 1 ETF for a grand total of $273.04 an increase of $67.38 compared to February 2016.

TFSA

Inter Pipeline $17.87
Boardwalk Real Estate Investment Trust $17.63
The Keg Royalties Income Fund $15.24
Artis Real Estate Investment Trust $13.95
Boston Pizza Royalties Income Fund $12.31
Chorus Aviation $10.92
Corus Entertainment $6.56

RRSP

Royal Bank of Canada $63.91
Bank of Montreal $62.48
BMO US Dividend ETF $29.50
Pizza Pizza Royalty Corp. $16.76
Potash Corp $5.91

2017 Dividends

So far in 2017 I have received a total of $651.03 compared to $504.63 in 2016. This year I have set a goal of receiving $4,000 in dividends. At the moment I am off to a good start.

Buys and Sells

There was no activity in this area. I am pretty sure I will be making a buy in March so stay tuned 🙂

Dividend Increases

February saw my portfolio receive three increases:

  1. On Feb 2nd BCE announced a 5% increase raising their dividend to $0.7175 from $0.6825.
  2. On Feb 16th TransCanada announced a 10.6% increase raising the dividend t0 $0.625 from $0.565.
  3. On Feb 24th RBC announced a 5% increase raising the dividend to $0.87 from $0.83.

Well that wraps up my month of February thank you for reading if you like my post please feel free to share the post I would appreciate it. Also please share any comments you have I love to read your thoughts and questions.

Thanks

Matthew

Thanks TransCanada

transcanada-logo

Hey guys today I thought I would share a dividend increase with you that I received. On February 16, 2017 TransCanada’s board of directors announced a 10.6% increase to their dividend. Not only is the increase a positive for shareholders but the percentage is as well. TransCanada announced a couple years ago that they were targeting dividend growth of between 8 to 10%, so as you can see this increase was higher than their stated goal.

About TransCanada

TransCanada Corp (TransCanada) is an energy infrastructure company. The Company operates through three segments: Natural Gas Pipelines, Liquids Pipelines and Energy. The Natural Gas Pipelines segment consists of the Company’s investments in approximately 67,300 kilometers (km) (approximately 41,900 miles) of regulated natural gas pipelines and over 250 billion cubic feet (Bcf) of regulated natural gas storage facilities. These assets are located in Canada, the United States and Mexico. The Liquids Pipelines segment consists of approximately 4,250 km (approximately 2,640 miles) of crude oil pipeline systems, which connect Alberta and the United States crude oil supplies to the United States refining markets in Illinois, Oklahoma and Texas. The Energy segment consists of the Company’s investments in over 20 electrical power generation plants and approximately two non-regulated natural gas storage facilities.

(Source: Google Finance)

Dividend

TransCanada pays a quarterly dividend and with the increase announcement, the dividend will raise from $0.565 to $0.625. I currently own 102 shares of the company and this is the third increase I have received since starting a position in TransCanada in 2014.

My forward income increases by $24.48 with this dividend raise.

Congrats to all of the other shareholders who received this raise.

Thanks for reading

Matthew

Metro Analysis

metro-inc

Hi everyone today’s post is a review of Metro Canada’s third largest supermarket operator in Canada. Metro’s ticker is (MRU on the TSX). Metro only operates in two Canadian provinces Quebec and Ontario.

About Metro

The Company operates under various grocery banners in the supermarket and discount segments. The Company operates or supplies a network of over 940 food stores under various banners, including Metro, Metro Plus, Super C, Food Basics, Adonis and Premiere Moisson, as well as approximately 260 drugstores under the Brunet, Metro Pharmacy and Drug Basics banners. The Adonis banner, which has over 10 stores, is specialized in perishables, and Mediterranean and Middle-Eastern products. It also operates Premiere Moisson, a company specialized in bakery, pastry, charcutery and other food offerings prepared on an artisanal basis. Premiere Moisson sells its products to its stores, to restaurant and distribution chains, as well as directly to consumers. It also acts as franchisor and distributor for over 180 franchised Brunet Plus, Brunet, Brunet Clinique and Clini Plus drugstores, owned by independent pharmacists.

(Source: Google Finance)

Also Metro currently owns 32.2 million shares (7.5%) of convenience store giant Alimentation Couche-Tard.

Metro’s Retail Network

Quebec Ontario Total
Supermarkets 204 Metro, Metro Plus 134 Metro 338
Discount Stores 93 Super C 125 Food Basics 218
Neighbourhood Stores
Marche Richelieu 59
350
Marche Ami 187
Marche Extra 104
Partners
Adonis 9 2 11
Premiere Moisson 24 1 25
Total 680 262 942
Drugstores 184 Brunet, Brunet Plus, Brunet Clinique, Clini Plus 74 Pharmacy Drug Basics 258

2016 Highlights

  • Sales reached $12,787.9 billion up 4.6% and same store sales were up 3.7% a key industry metric.
  • Net earnings increased 12.9% to $586.2 million.
  • Invested $350 million into it’s retail network.
  • Increased the dividend for the 22nd consecutive year a 19.3% increase over 2015.

Investing Back Into The Business

In 2016 Metro spent $350 million. It opened six new stores and carried out major renovations in 43 others. In Quebec major renovations were carried out in 11 Metro stores. Three new Super C stores were opened. Two Adonis stores were opened. In the pharmacy division three stores were added. 12 others were expanded, remodeled or relocated throughout Quebec.

In Ontario 1 new Metro, and 1 new Food Basics were opened. Also 12 Metro and 13 Food Basics were remodeled. One new pharmacy was opened and six others remodeled.

Metro is continuing to remodel and expand stores, and are adding a discount segment to allow for a more complete and diversified offer of products in an attempt to attract new customers.

Outlook for 2017

Metro is planning on once again investing $350 million this will be used mainly to open new stores, expansions and remodels. Also they are planning to add online grocery shopping to their physical store network. They are currently testing this in three stores in Quebec.

Sales

After a small blip in 2013 sales continue to climb.

Net Earnings

Metro continues to earn solid profits year over year.

Dividend & Share Buybacks

Metro pays a quarterly dividend. 2016 marked the 22nd consecutive  year that Metro has raised it’s dividend paying $0.5367 per share. In January the board of directors announced another increase for 2017 that would boost the dividend to an annual payout of $0.65. Metro’s current policy is to have a payout of 20 to 30% of net income.

  • Between Sept 10, 2015 and Sept 9, 2016 the Metro repurchased 9,842,328 common shares for a total cost of $376 million.
  • The Board of Directors has authorized the repurchase of up to 12,000,000 common shares between Sept 12, 2016 and Sept 11, 2017.

metro-port-hope

I thought I would share the above picture with you this Metro is in my hometown of Port Hope, Ontario. Several years ago a truck caught fire at the factory behind the store. There were no injuries and the fire did not spread to the store.

Conclusion 

I currently don’t own any shares of Metro but I have been thinking about starting a position. I believe Metro is in good financial shape and with a low payout ratio I think we can expect to see more dividend increases in the years to come.

Is Metro on your radar? Do you own shares?

Thanks for reading I hope you enjoyed the post.

Matthew