New Purchase Canadian Apartment Properties REIT

car.un

Welcome everyone to my latest post in which I reveal my latest stock purchase. Back on Nov 20th I purchased Canadian Apartment Properties REIT (Ticker: CAR.UN) this was my second purchase I made from the funds I received from selling Boardwalk REIT. What I did was I replaced one REIT with two better REITs.

What is Canadian Apartment REIT?

Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) is a Canada-based open-ended real estate investment trust. CAPREIT’s investment objectives are to provide unitholders with long-term, monthly cash distributions; grow normalized funds from operations (NFFO), distributions and Unit value through the management of its properties, acquisitions and financial management, and reinvest capital within the property portfolio. CAPREIT owns and operates a portfolio of multi-unit residential rental properties, including apartments, townhomes and manufactured home communities (MHC) located in and near urban centers in Canada. CAPREIT owns interests in approximately 46,790 residential units, consisting of over 40,501 residential suites and approximately 30 MHC’s, consisting of approximately 6,290 land lease sites. CAPREIT owns leasehold interests in approximately 15 properties located in the Greater Toronto Area. The leases mature between 2033 and 2037.

Source (RBC Direct Investing)

Revenues

The company has gone through some impressive growth over the last few years as you can see. Between 2010 and 2016 they have been able to increase their revenue from just $333.5 million to $596 million per year.

Occupancy

Canadian Apartment Properties REIT as you can see has enjoyed a very high occupancy percentage. In the last seven years the lowest has been 97.5% quite impressive. Just to let you know the 2017 number is only as of Sept 30th.

Dividends

The dividend has been on the rise over the last several years. The stock pays a monthly dividend of $0.10667 per unit. Or $1.28 on an annualized basis.

Funds From Operations Payout Ratio

Usually when companies raise their dividend their payout ratio goes up, but as you can see Canadian Apartment Properties REIT’s ratio has been going down. It has been going down because of their growth in number of sites & suites they have been acquiring over the years. With this low payout ratio the dividend should be able to continue to rise in the future. Also please note the 2017 figure is as of Sept 30th.

Number of Suites & Sites

Since 2010 the company has been on a spending spree, increasing their holdings by 21,111 suites and sites (apartment’s). The addition of these properties has fueled the growth in revenue and the dividend as we saw earlier in this post.

Geographic Diversification of Portfolio

As you can see the company has property throughout Canada. Ontario is by far the largest market and Canadian Apartment Properties is attempting to acquire outside of Ontario so they don’t rely to heavily on the province. Europe has been the center of attention for them over the last couple of years, they currently own just over 1,500 properties in The Netherlands. In Ireland they have a 15.7% ownership in Irish Residential Properties REIT, and they manage the properties on behalf of Irish Residential Properties REIT.

The Purchase

On Nov 20th I purchased 40 shares at a price of $37.20 per share. The total cost plus trading fee came to $1,497.95.

Income

With this purchase I will earn $4.27 per month or $51.24 annually.

Well fellow investors that wraps up my post about my latest purchase. I have used up my funds from the sale of Boardwalk REIT. Do you like my purchase? Do you own CAR.UN? Please feel free to leave a comment, I always enjoy reading them.

Thanks

Matthew

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November 2017 Net Worth

November 2017 Net Worth #2

Hi everyone and welcome to my second ever net worth post. The month of November was a pretty good month for me both financially and personally. On the financial front I had a very good month my net worth increased by over $2k. Personally I got a new job which pays significantly more than my other two jobs. The new job should allow me to further increase my savings and investing.

Let’s go see how I did in each category.

All numbers are as of November 30, 2017

November October Change
Cash & Savings $8,587.49 $7,586.27 $1,001.22
Investments $114,439.70 $113,348.20 $1,091.50
Car $15,343.00 $15,343.00 No Change
Liabilities $14,679.78 $14,799.41 (-119.63)

Cash & Savings (+$1,001.22)

November October Change
Car Account $247.28 $0.00 $247.28
Savings $1,335.89 $586.27 $749.62
Emergency Fund $7,004.32 $7,000.00 $4.32

Cash – $1,583.17 (+$996.90)

My cash balance currently sits at $1,583.17 a big increase over October’s figure. This number does not include my emergency fund.  I now have 4 savings accounts, one of my accounts I have with Tangerine Bank the money that goes into that account is from my credit card which is a cash back card and the money is deposited into the account at the end of the month. Depending on how much I spend the amount is deposited is usually between $4 to $7.

I have created a new account named Car Account I will be using this account to save up money, then use that money to put on my car to help pay it off sooner. The goal is to add money to this account each month until it reaches $1k then remove the money and put it towards my car payments.

Emergency Fund – $7,004.32 (+$4.32)

My emergency fund grew $4.32 last month that is from the interest my bank paid me.

Investments (+1,091.50)

November October Change
Locked In RRSP $3,980.44 $3,934.84 $45.60
TFSA $25,614.39 $25,544.44 $69.95
RRSP $84,844.87 $83,868.92 $975.95

Car – $15,343.00 ($0)

I currently own a 2015 Hyundai Elantra GLS that has a current value of $15,343.00 it is the same value as last month. I will check the value every three to four months. I found the value of my car on the site Canadian Black Book. 

Liabilities 

November October Change
Credit Card $247.27 $70.00 $177.27
Car $14,432.51 $14,729.41 $296.90

Credit Card $247.27 (+$177.27)

My credit card bill increase this month over last due to a little more spending.

Car $14,32.51  (-$296.90)

I made two car payments in November totaling $296.90. Slowly I am paying off my car.

Total Net Worth

As we entered December my net worth stood at $123,690.41 an increase of $2,212.35. The stock market continues to rise which was a big help to me. Also I was able to add $1k in my savings account.

Well that wraps up my second ever net worth post. What do you guys think? How did you do in November?

Thanks for reading

Matthew

New Purchase Plaza REIT

plaza reit

Hey guys back in November I announced that I sold Boardwalk REIT and that gave me around $3,700 to put back into the market and I have since made two purchases with that money. The first purchase I will talk about today on November 20th I purchased shares of Plaza REIT. At the beginning of my search I didn’t know anything about Plaza REIT, I knew a couple of fellow investors own shares. The numbers after doing some research looked pretty good in my opinion.

So what is Plaza REIT?

Plaza Retail REIT (Plaza) is a Canada-based open-ended real estate investment trust. The Company’s objective is to deliver a growing yield to unitholders from a diversified portfolio of retail properties. The Company develops, owns and manages retail real estate primarily in Atlantic Canada, Quebec and Ontario. The Company offers a business strategy that differs from various peers in the real estate industry. The Company’s portfolio includes interests in approximately 310 properties totaling over 7.1 million square feet, which are predominantly occupied by national tenants and additional lands held for development. These include properties indirectly held by Plaza through its subsidiaries and through joint arrangements. The Company’s properties are located in Alberta, Newfoundland and Labrador, New Brunswick, Nova Scotia, Manitoba, Ontario, Prince Edward Island and Quebec. The Company’s subsidiaries include Plaza Master Limited Partnership and Scott’s Real Estate Limited Partnership.

(Source: RBC Direct Investing)

Let’s get into the numbers shall we.

Property Locations

Province Number
Alberta 10
Newfoundland and Labrador 12
New Brunswick 51
Nova Scotia 37
Manitoba 6
Ontario 73
Prince Edward Island 11
Quebec 98

As you can see Plaza REIT is in several provinces across Canada with their biggest presence being in Ontario and Quebec. I like the fact that their properties are spread out throughout 8 provinces so if one province is struggling economically the company won’t suffer too much. I thing I would like to see is Plaza spread out further possibly into BC, Saskatchewan to increase the diversification of their portfolio further.

Largest Tenants

Here is the biggest tenants for Plaza REIT  as of September 30, 2017 all national chains. Shoppers Drug Mart is by far the largest tenant at 26% of Plaza’s locations. Other than Shoppers I think Plaza is in a good position in case any of these chains suffer economic hard ship as we all know what the retail market has gone through here in Canada and now the United States, for example here in Canada for the past few years we have seen Furture Shop, Sears and Target, HMV all disappear.

Tenancy Mix

Plaza REIT’s main tenants are national chains and is a focus for them as they tend to be more stable and more recognizable to the public.

Occupancy Level

Occupancy levels are quite high and seem to always be between 95 to 97 percent year after year.

Revenues

Even through the turmoil in the retail market Plaza has been able to grow the business year after year. Whether through developing new properties or purchasing them Plaza has been able to grow their revenues and fund from operations which for dividend investors is a very good thing.

Funds From Operations

Same story here as with revenues, the funds from operations (FFO) have continuously grown.

Dividends

I only focused on 2010 to 2017 for the chart above to show you Plaza’s dividend growth but in fact I could have gone bigger as Plaza has grown it’s dividend for 15 consecutive years which is very impressive in my opinion. When they announced their 3rd quarter in November they announced an increase which will take effect with the January 2018 payment. Plaza is a monthly dividend payer it currently pays $0.225 per month. The yield on the stock is 6.41%

FFO Payout Ratio

Plaza uses FFO as a guide for their payout ratio as we can see in 2016 the payout ratio was at 78.5%. Plaza still has room to grow the dividend in the coming years if they want with the current ratio.

My Purchase

On November 20th I purchased 500 shares at $4.37 per share for a cost of $2,185 + $9.99 trading fee for a total cost of $2,194.95.

Income

From this purchase I should receive $11.25 per month or $135 annually.

 

So that wraps up my first purchase. What do you think? Do you like my purchase?  Do you own Plaza? Would you be interested in owning it? Please feel free to leave a comment in the comment section.

Either next week or the week after I will reveal what I did with the remaining funds from my sale of Boardwalk REIT.

Thanks for reading

Matthew

 

 

November 2017 Income

moneytree1-780x400

Hi everyone welcome to my November 2017 income report. This is my favourite post to write as I get to share with you the dividends I received from my investments. The month of November was a busy month for my portfolio with a couple of buys and a sell.

My portfolio consists of two accounts the Tax Free Savings Account (TFSA) and the Registered Retirement Savings Plan (RRSP) for the month of November I received a total of $287.15 from my investments. $101.30 in my TFSA and $185.85 in my RRSP.  The months of February, May, August and November tend to be quieter months in terms of dividends received as I don’t have two many heavy hitters paying me.

Let’s get to the numbers shall we.

TFSA

Inter Pipeline $17.87
Boardwalk Real Estate Investment Trust $17.63
Chorus Aviation $17.28
The Keg Royalties Income Fund $15.70
Artis Real Estate Investment Trust $13.95
Boston Pizza Royalties Fund $12.31
Corus Entertainment $6.56

Last November my income was $89.31 so there is some nice growth this year. I achieved this growth through further investments in Chorus Aviation and Boardwalk REIT. Also through dividend increases from Inter Pipeline and The Keg Royalties Income Fund. I just want to mention this will be the last month I receive dividend income from Boardwalk REIT as I sold this stock in the month.

RRSP

Royal Bank of Canada $70.07
Bank of Montreal $63.90
BMO US Dividend ETF $29.50
Pizza Pizza Royalty Corp. $16.76
Potash Corp. $5.62

As you can see not too many stocks paid me this month. Last year in this account I received $203.71. There was a decrease this year because I had received a payment from Proctor & Gamble which I have now sold. My purchase of BMO US Dividend ETF and dividend increases from the banks helped replace some of the income but not enough.

2016 vs 2017 Dividends

As you can see there is a slight decrease in my total this year compared to last. Once again this is due to my selling of Proctor & Gamble. I should see growth return next year.

2017 Dividend Goal

As you can see I am oh so close to achieving my goal of receiving $4,000 dividends in 2017. It is safe to say I will achieve this.

Dividend Increases

  • On Nov 2nd The Keg Royalties Income Fund increased their dividend by 3.1% raising the dividend to 9.46 cents per unit from 9.18 cents.
  • On Nov 29th Enbridge raised their dividend 10% their third increase this year. The dividend goes to $0.671 from $0.61.

 

Buys/Sells

  • Sold all my shares in Boardwalk REIT.

I made two purchases this month however since I haven’t written about them I will keep you in suspense a little bit further. Sorry guys 🙂

I will write about one later this week.

Well folks that is a wrap to my income report. How did you do in November? Please feel free to share in the comment section.

Thanks for reading

Matthew

 

Keg Royalties Raises Dividend

56e5d-the-keg-steakhouse-and

 

Hi everyone I don’t usually write a Saturday post but I have so many things to share with you I thought I better do one this weekend. Today I am going to share with you a dividend increase I received from the Keg Royalties Income Fund. I actually missed the announcement which took place on Nov 2nd. I only noticed it when I received payment on Nov 30th which was a pleasant surprise. Maybe you guys are also investors in the Income Fund and this post will be a surprise to you as well.

So what is The Keg Royalties Income Fund? The fund is a limited purpose open-ended trust established under the laws of the Province of Ontario, through The Keg Rights Limited (KRL) Partnership, a subsidiary of the fund, owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. In exchange for use of those trademarks, KRL pays the fund a royalty of 4% of gross sales of Keg Restaurants included in the royalty pool.

The Keg has approximately 9,500 employees, over 100 restaurants and annual system sales of approximately $585 million. Vancouver-based KRL is the leading operator and franchiser of steakhouse restaurants in Canada, and also has a substantial presence in the United States.

Income

On Nov 2nd the dividend was raised 3.1% and now pays 9.46 cents per unit up from 9.18 cents. This is the third increase I have received from the fund. I currently own 166 shares and this raise boosts my income by $5.52 per year.

 

Thanks for reading everyone do you own this stock? If so congrats on the raise. I will have a new post out on Tuesday.

Have a good weekend

Thanks again

Matthew

Sold My Shares Of Boardwalk REIT

sold-2

Hey guys how are you? Today’s post is one I don’t like to write very often but sometimes is necessary. Surprisingly enough the last time I wrote a post detailing about when I sold a stock was exactly one year ago today.

On November 15th I sold my entire position in Boardwalk REIT. For the last couple of years Boardwalk has had a tough time due to the low oil prices and all of the job reductions in the oil fields of Alberta and Saskatchewan where Boardwalk has the majority of their properties. This year the company decided to renovate some of their units and have been able to receive higher rent after completion, so I thought things might be turning around and shareholders might start seeing good things from the company.

I guess I should tell you what Boardwalk REIT is in case you are not aware of them.

Boardwalk Real Estate Investment Trust (the Trust) is an open-ended real estate investment trust (REIT). The Company is focused on the acquisition, refurbishment, management, ownership and development of multi-family residential communities within Canada. The Trust owns over 200 properties containing approximately 33,770 residential units within the Provinces of Alberta, Saskatchewan, Ontario and Quebec, representing over 30 million net rentable square feet. Its assets represent a portfolio of residential real estate, both from the standpoint of geographic diversification and mix of asset type, which consists of mid-sized suburban and downtown apartment buildings, and regional, mid-sized community and neighborhood residential centers located in urban markets. Its residential properties in the portfolio are located in Montreal and Quebec City, Quebec; London and Kitchener, Ontario; Saskatoon and Regina, Saskatchewan, and Edmonton, Grande Prairie, Banff, Red Deer and Calgary, Alberta.

(Source: RBC Direct Investing)

Why Did I Sell

I sold my shares because on November 14th after the markets closed Boardwalk released their 3rd quarter results. In those results it was announced that the company had a new strategy. Part of that strategy is to diversify which is a good thing in my opinion, now they want to have a portfolio that is 50% in Alberta & Saskatchewan and the other 50% in other areas around the country such as Vancouver, Montreal, Toronto etc…  Now you are probably saying diversifying is a good thing why sell? Well in order to do this the company also announced they were slashing the distribution 56% starting with the January 2018 payment the distribution will drop to $1.00 annually from $2.25.

That decision would have cut my income by $117.50. Every time I see a company cut their distribution little alarm bells go off in my head so I decided it was time to sell and move onto something else.

I will say this this decision may in the end become beneficial to Boardwalk and it’s shareholders over the long term but for me I am all about growing my income, and I believe their are better opportunities out there.

My Returns From Boardwalk

I first purchased shares of Boardwalk in February 2016. On November 15th the book cost of my investment was $3,932.08, when I sold my 94 shares I received $3,724.67 so I am down $207.41. Now if I include the dividends I have received which were $329.73 I come out slightly positive in my investment.

Well guys thanks for reading stay tuned shortly I will announce what I purchased to replace Boardwalk. So do you think I made a good decision to sell? Do you sell when one of your stocks cuts it’s dividend?

Thanks

Matthew

Two Raises For The Portfolio

Hey guys how are you? Today I thought I would share with you a couple of raises I received on November 9th, 2017. I love dividend investing and I hope you do as well, all I had to do is buy shares and if the companies raise their dividend I get a bonus for doing nothing who wouldn’t love that.

Let’s get started shall we.

89462-telus_logo

On November 9th the board of directors announced that Telus was going to be raising their dividend 2.5%. This marked the second raise of 2017 for Telus, for the last several years they have raised their dividend on a semi-annual basis.

What is Telus let me provide you with a brief description.

TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions. The Company operates through two business segments: Wireless segment and Wireline segment. Its wireless and wireline businesses are primarily operated through TELUS Communications Company (TCC). The Company offers business services, including healthcare, across wireless and wireline are supported through TELUS sales representatives, product specialists, independent dealers and online self-serve applications for small and medium-sized businesses (SMBs). Its business process outsourcing services are supported through sales representatives and client relationship management teams.

(Source: RBC Direct Investing)

Income

Telus’s dividend rises to $0.505 from $0.4925. I currently own 100 shares and with this announcement my income will increase $5 annually. This is the 5th raise I have received since owning the stock, I believe many more are in the future.

The second raise I received was from:

3ec13-inter2bpipeline2blogo

 

On November 9th the board of directors announced a 3.7% increase to Inter Pipeline’s dividend.

What is Inter Pipeline?

Inter Pipeline Ltd. is a petroleum transportation, storage and natural gas liquids processing business. The Company’s segments include oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) processing business and bulk liquid storage business. The Company geographical segments include Canada and Europe. The oil sands transportation business consists of the Cold Lake, Corridor and Polaris pipeline systems that transport petroleum products and provide related blending and handling services in Alberta. The conventional oil pipelines business involves the transportation, storage and processing of hydrocarbons, as well as midstream marketing blending and handling services. The NGL processing business consists of processing natural gas to extract NGLs and the processing of oil sands upgrader off gas to extract an NGL and olefin mix. The bulk liquid storage business involves the storage and handling of bulk liquid products.

(Source: RBC Direct Investing)

Income

With this announcement the dividend will increase to $0.14 from $0.135. I currently own 131 shares so my income will increase $7.92 annually. This is the second increase I have received from Inter hopefully more will continue to arrive year after year.

Well folks what do you think? Do you own these stocks? I just earned $12.92 for doing nothing I hope you are also receiving dividend increases and growing your passive income.

Thanks for reading

Matthew

New Purchase ZCL Composites Inc.

2d4f8-zcl-composites-inc

 

Hey guys I made a purchase and wanted to share it with you. I really wasn’t planning on making a purchase for the remainder of 2017 but said I would if something was screaming buy buy buy. I believe I found that in ZCL Composites Inc. on Nov 2nd after the markets closed the company announced disappointing 3rd quarter results. On November 3rd when the markets opened the stock was down about 17% in the first hour of trading. I believe that investors were overselling.

Before I get into the results why don’t I mention what kind of company ZCL Composites Inc. is.

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 aboveground 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 Aboveground Fluid Containment (Aboveground). 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. The Corrosion Products are included in the Aboveground segment, and use the brand identities of ZCL Corrosion, ZCL Dualam and ZCL Troy. ZCL has over five plants in Canada, over six in the United States and one in the Netherlands.

(Source: RBC Direct Investing)

Some Third Quarter Results

  • Net Income down $2.4 million
  • Revenue down $5.5 million or 9%
  • Gross Profit down $3.1 million or 21%
  • Order backlog decreased  7% to $43.3 million

The company mentioned a couple of reasons for the third quarter results they are.

  • Larger customers deferred spending
  • Strengthening Canadian Dollar
  • Hurricanes and flooding in the US Gulf Coast resulted in resin price increases and deferral of shipping orders.

Transaction Details

On November 3rd I purchased 100 shares @$11.35 for a total purchase cost of  $1,144.99. Before this purchase I owned 127 shares which were purchased at $9.08 per share. After this most recent purchased my average cost per share rises to $10.12.

Dividend

ZCL Composites Inc currently pays a quarterly dividend of $0.12 with my additional 100 shares my dividend income increases $12 quarterly and $48 annually.

So folks what do you think of my purchase? Do you own ZCL Composites Inc? Please feel free to comment in the comment section below I enjoy hearing what you have to say.

Facebook

Before I finish up just wanted to mention that last week I created a Facebook page for my blog if you would like to join it just click on the like button that is on the right side of the screen in the Facebook section. Thanks 🙂

 

 

Thanks for reading

Matthew

October 2017 Net Worth

Net Worth

Hello everyone how are you? Welcome to my October net worth post. This is the first time I’m doing a net worth post. These posts are very popular with other bloggers and they gave me the inspiration to write this post, and share with you my net worth.

I would like to say that I decided to do this post about a week ago therefore I don’t have any figures for September to compare, so I will just post my numbers from the end of October. Going forward I will start comparing my numbers to the previous month.

Let’s get started shall we 🙂

Assets

Cash – $586.27

My cash balance currently sits at $586.27. This number does not include my emergency savings account. I got $586.27 by adding up my three savings accounts, one of my accounts is with Tangerine bank and the money that goes into that is from the cash back that I earn from using my credit card so usually only about $4 to $7 goes into that per month. My cash balance is low because what I have been doing is once I get paid I pay off my credit cards, then put money into my emergency fund, then finally I put the rest into my TFSA account.

Emergency Fund – $7000

This is the area that I have spent the most time improving this year. At the beginning of the year I only had $2,500 set aside. In October I hit the $7,000 mark in my emergency fund and have decided that this is a good figure for me to be at.

Investments – $113,166.20

My investments come from three accounts I have a Locked In RRSP which I received from a previous employer, also I have a TFSA and RRSP which I mention often here on the site. My main focus at the moment is to continue to build up my TFSA account which is tax free and if I withdraw money I won’t be taxed unlike my RRSP.

  • Locked In RRSP $3,934.84
  • TFSA $25,544.44
  • RRSP $83,868.92

Car – $15,343.00

I currently have a 2015 Hyundai Elantra GLS I used the site Canadian Black Book   to get the value of my car. I will only check the value of my vehicle every three to four months.

Liabilities 

Credit Cards – $70

Every time I get paid I pay off my credit cards. At the end of October I currently owed $70 on one of my cards.

Car – $14,729.41

I currently owe $14,727.41 on my car. I was one of those people who financed their car for 8 years because I wanted the lowest payments. I regret doing so now I currently have about 4 years left to pay off the car, but next year I am going to focus on paying off the car quicker.

Total Net Worth

As we entered November my net worth stood at $121,296.06 a little higher than what I thought it would be I guess that is why it is good to review your numbers often to see where you sit financially.

Well folks that does it. Thank you for reading my very first net worth post. If you have any comments please feel free to post them in the comment section below I always love hearing from you.

Facebook

Hey everyone if your on Facebook I just created my own page if you would like to support me please go on over click the like button please Facebook Page  thank you.

 

Thanks

Matthew

October 2017 Income

moneytree1-780x400

Hello everyone Happy Halloween. It’s time for my favourite post, today I will be sharing with you how many dividends I received in October. If feels like I just wrote my September post the other day where is the time going? October was a good month for me I hope it was for you as well. This month saw me receive dividends from 15 stocks and 1 ETF, including 4 today to finish off the month.

My portfolio consists of two accounts my Tax Free Savings Account (TFSA) and my Registered Retirement Savings Plan (RRSP). In October I received $399.38 I was so so close to $400.

Joey So Close

A couple reasons why I missed out was because of currency exchange from Algonquin Power & Utilities dividend and because my ETF lowered it’s payout. I can’t really complain collecting $399 is pretty darn good. For my TFSA account I received $116.08 and my RRSP received $283.30.

TFSA

Inter Pipeline $17.87
Boardwalk Real Estate Investment Trust $17.63
Chorus Aviation $17.28
ZCL Composites Inc. $15.24
The Keg Royalties Income Fund $15.24
Artis Real Estate Investment Trust $13.95
Boston Pizza Royalties Fund $12.31
Corus Entertainment $6.56

In October I received $116.08 compared to $99.30 in October 2016 an increase of $16.78. I received more this year by making additional investments in Chorus Aviation, Boardwalk REIT and a dividend increase from ZCL Composites Inc.

RRSP

BCE $78.93
TransCanada $63.75
Telus $49.25
Algonquin Power & Utilities $44.67
BMO US Dividend ETF $29.50
Pizza Pizza Royalty Corp $16.76
NorthWest Company $0.32
Leon’s Furniture $0.12

I received $283.38 this compared to 2016 when I received $280.90 I was able to grow my income $2.48. This was achieved by dividend increases from BCE, TransCanada, Telus and Algonquin Power & Utilities. I should point out that with the increases my income increase was small because last year I held JP Morgan and received $56.20, I sold the stock last November.

2016 vs 2017 Dividends

I am quite happy to see another month of growth. I always want to improve my results, my income this month compared to 2016 increased by $19.15.

2017 Dividend Goal

My march toward $4,000 continues I am now just $379.49 away from achieving my goal. So happy to see this. I am also happy to report that this month I surpassed my 2016 total with two months to spare.

Dividend Increases

  • On October 16th Fortis increased their dividend 6.25% to $0.425 from $0.40 per share.

Buys & Sells

No buys or sells for me this month I sat back and collected those dividends.

Well guys that wraps up my October income report. I hope you all had a great month. Please feel free to let me know how you made out this month, I always enjoy reading your comments.

Halloween

Thanks for reading

Matthew