December 2018 Dividend Income ** Best Month Ever**

Happy New Year everybody! I hope that you all had a great holiday season, and are ready to hit the ground running here in 2019. I am pretty pumped to right this post as December was my best month ever for dividends received. It was raining dividends from the sky.

Raining Dividends

My previous high was back in June of 2018 when I received $650.27. That month I received a special dividend to help reach that number. You can never count on receiving special dividends all the time. In December I did not receive any special dividends, my income all came from regular distributions made by the stocks I own. Without further ado in December I received¬†$689.67, wow almost $700 I can’t believe that.

I currently have three accounts in my portfolio and the income breakdown is as follows:

  • RRSP $405.22
  • TFSA $213.12
  • LIRA $71.33

RRSP

2017 2018
Enbridge $88.45 $101.32
Fortis $68.43 $92.25
Power Corp $21.15 $69.14
BMO US Dividend ETF $29.50 $32.23
Canadian Utilities $55.41 $29.50
BMO International Dividend ETF $0.00 $22.23
Johnson & Johnson $0.00 $19.21
Bank of America $0.00 $14.64
Realty Income Corp $0.00 $13.77
Microsoft $0.00 $6.73
Alimentation Couche-Tard $3.78 $4.20
Pizza Pizza Royalty Corp $16.76 $0.00
Westjet $7.00 $0.00
Exco Technologies $8.00 $0.00
Total $298.48 $405.22

I nice job for this account. In fact this the first time I have received over $400 from an account. New investments throughout the year is what drove the growth. The plan is to continue to invest additional funds in the new stocks to further propel growth.

TFSA

2017 2018
Canadian Utilities $0.00 $60.17
Inter Pipeline $18.52 $34.20
The Keg Royalties Income Fund $15.70 $28.29
Plaza REIT $11.25 $24.47
Chorus Aviation $17.28 $18.04
Boston Pizza Royalties Fund $12.31 $12.31
Corus Entertainment $6.56 $12.18
Canadian Apartment Properties REIT $4.27 $9.20
Artis REIT $13.95 $7.43
Canadian National Railway $0.00 $6.83
Total $106.03 $213.12

Wow I doubled my income here, this is where I would like to in the future see the majority of my dividends come from as this account is tax free as compared to my RRSP account. I moved Canadian Utilities from my RRSP account to this account and that is a lot of the growth, but also new investments contributed as well. Maybe I can double this amount next December, at least I will try anyway. ūüôā

LIRA

Enbridge $69.11
Diversified Royalty Corp $2.22
Total $71.33

Two new stocks for this account and is a big reason why my monthly income was so big. I received 103 shares of Enbridge when they merged with Enbridge Income Fund, due to the merger my income increased $42.46 in December.

DRIP

In December I was able to drip 21 new shares. The highest that I have ever received!

# of Shares
Plaza REIT 6
Enbridge 3
Chorus Aviation 3
Fortis 2
Power Corp 2
Corus Entertainment 2
Canadian Utilities 1
Inter Pipeline 1
The Keg Royalties Income Fund 1
Total 21

Below is a chart showing the money I received from these new shares.

My income from all my dripped shares in 2018 is $163.48.

2016 to 2018 Dividends

As you can see 2018 was very successful I was able to grow my income every month. Hopefully I can continue this in 2019.

2018 Dividend Goal

Ok guys if you have been following me all year you know what my goal was. If this is the first post of mine that you are reading then let me tell you what my goal was. At the beginning of 2018 I set a goal of wanting to receive $6,000 in dividend income for the year. This year I tried to push myself as I received $4,312.17 in 2017 so I would be trying to boost my income by close to $1,700.

Ok enough delaying lol. My dividend total for 2018 was $5,994.57. I missed my goal by $5.43.

Joey So Close

Oh man I was so close to that goal. Even though I didn’t achieve my goal I still look at 2018 as a huge success for me.

Stock Purchases

  • Bought 61 shares of Altria Group
  • Bought 38 shares of AbbVie
  • Bought 12 shares of Home Depot
  • Bought 255 shares of Inter Pipeline

 

Dividend Raises

  • Bank of Montreal raised their dividend to $1.00 per share up from $0.96
  • Laurentian Bank raised their dividend to $0.65 per share up from $0.64
  • Enbridge raised their dividend to $0.738 per share up from $0.671
  • Realty Income Corp raised their dividend to $0.2205 up from $0.2201

 

Well guys how was December for you? Did you receive lots of dividends? Please feel free to let me know how you did in the comment section.

Thanks for reading! Just to let you know on Thursday I will have a post up about my 2018 year in review.

Thanks again!

Matthew

 

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Special Distribution #2 of 2018

Hi everyone today’s post is about a special distribution that was announced by one of the stocks I own. On December 18th The Keg Royalties Income Fund announced a special distribution of $0.03 per share that will be payable on Jan 31, 2019.

56e5d-the-keg-steakhouse-and

 

The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust. The company invests in The Keg Rights Limited Partnership, which owns the trademarks, trade names, operating procedures and systems, and other intellectual property used for the operation of Keg steakhouse restaurants and bars. It operates 103 Keg restaurants in Canada and the United States. The Keg Royalties Income Fund was founded in 2002 and is based in Richmond, Canada.

Income

I currently own 299 shares of the stock and I will receive an additional $8.97 in income thanks to this decision.

Congrats to all of my fellow shareholders on receiving this special distribution. This will be my final post of 2018 so I would like to wish everyone a Happy New Year.

Thanks for reading!

Matthew

My Final Stock Purchase of 2018

Merry Christmas, and Happy Holidays to all of my fellow investors. I hope you are all enjoying the holidays with your friends and family. Today I am going to share with you my final purchase of 2018. The stock that I purchased is not a new position in my portfolio, in fact this is the third time I have purchased the stock this year. However this time I bought it in a different account. The stock that I bought was Inter Pipeline.

3ec13-inter2bpipeline2blogo

 

As mentioned above this is the third purchase of the year for me of this company. I watched the share price fall below $20 and thought it was a good opportunity. Before this purchase I only had the stock in my Tax Free Savings Account, and now I have added it in my Registered Retirement Savings Plan.

Why did I add it to a different account?

Well I did this purely for the dividend income. Over the last few days I have been trying to come up with goals for 2019 and I am leaning towards investing less next year and this buy will help me fund other purchases. Inter Pipeline currently pays $0.1425 per share monthly. I have turned the dividend reinvestment plan off for my accounts in order to build up my cash positions. After this purchase a couple of concerns arise, Inter Pipeline is one of my largest holdings and the energy sector has become a very large part of my portfolio. I will try and address those concerns in the future.

The Purchase

In order to fund this purchase I decided to sell the rest of my shares (165) in my ZDY ETF. I temporarily lose $140.58 in dividend income.

On December 18th I purchased 255 shares of Inter Pipeline @$19.77 per share.

Dividend Income

As mentioned above Inter Pipeline currently pays a monthly dividend of $0.1425 and with this large purchase my monthly income will increase $36.34 and $436.08 annually.

Well folks thanks for reading. Have you been buying any stocks lately with the volatility on the stock market? Please feel free to comment below.

Thanks

Matthew

New Purchases (MO,ABBV and HD)

Hey folks so are you wondering what I did with all that money? Today I will reveal which stocks I purchased. I chose three stocks all US, even though there is a big different in the exchange I still thought it was a good time to buy. All of the stocks were closer to their 52 week lows then their 52 week ends. At the moment I am heavily invested in financials and energy so I need to diversify and these will help in that regard. The three purchases fall into the consumer/non-cyclical, healthcare and services sectors. All of these purchases were made in my Registered Retirement Savings Plan (RRSP) account for tax purposes.

Let’s get down to business here is the first stock.

Altria

 

Altria Group, Inc. is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc. (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co. (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle), is engaged in the manufacture and sale of smokeless tobacco products and wine. Its other operating companies include Nu Mark LLC (Nu Mark), a subsidiary that is engaged in the manufacture and sale of tobacco products, and Philip Morris Capital Corporation (PMCC), a subsidiary that maintains a portfolio of finance assets. Other subsidiaries include Altria Group Distribution Company and Altria Client Services LLC.

Altria Group also holds a 10.2% stake in the world’s largest brewer Anheuser- Busch InBev. Also earlier this month they entered the cannabis market here in Canadian by investing $2.4 billion for a 45% stake in Cronos Group.

Altria Group has been raising their dividend every year since 2008, and 52 times in the past 49 years. Currently pay a quarterly dividend of $0.80.

Purchase & Income

I bought 61 shares @ $53.69

With these shares I will receive $48.80 quarterly and $195.20 annually in dividend income.

The second stock I purchases was:

abbvie

AbbVie Inc. (AbbVie) is a research-based biopharmaceutical company. The Company is engaged in the discovery, development, manufacture and sale of a range of pharmaceutical products. Its products are focused on treating conditions, such as chronic autoimmune diseases in rheumatology, gastroenterology and dermatology; oncology, including blood cancers; virology, including hepatitis C virus (HCV) and human immunodeficiency virus (HIV); neurological disorders, such as Parkinson’s disease and multiple sclerosis; metabolic diseases, including thyroid disease and complications associated with cystic fibrosis, and other serious health conditions. It offers products in various categories, including HUMIRA (adalimumab), Oncology products, Virology Products, Additional Virology products, Metabolics/Hormones products, Endocrinology products and other products, which include Duopa and Duodopa (carbidopa and levodopa), Anesthesia products and ZINBRYTA (daclizumab).

I think Abbvie is a pretty darn good fit for me. Before the purchase I needed help in the healthcare sector as I only had a tiny position in Johnson & Johnson. Abbvie was founded in 2013 when it split from Abbott. Since inception the quarterly dividend has increased 168%.  Abbvie pays a quarterly dividend of $1.07 per share.

Purchase & Income

I bought 38 shares @ $87.41

With these shares I will receive $40.66 in quarterly and $162.64 in annual dividend income.

Third and final stock is:

Home Depot

 

The Home Depot, Inc. (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers. Its DIY customers are home owners purchasing products and completing their own projects and installations. The Company assists these customers with specific product and installation questions both in its stores and through online resources and other media designed to provide product and project knowledge. Its DIFM customers are home owners purchasing materials themselves and hiring third parties to complete the project or installation. Professional Customers are primarily professional renovators/remodelers, general contractors, repairmen, installers, small business owners and tradesmen.

Home Depot is the largest home improvement retailer and operates in the United States, Canada and Mexico. With the US economic growth Home Depot has seen its earning grow as people have more money to spend on home improvements. This year the company has revised earnings upwards and announced a huge stock buyback plan.

Home Depot has a dividend yield of 2.42% but don’t let that fool you, since 2012 the company has been aggressively raising the dividend. In 2012 the annual dividend was $1.16 per share as of today it sits at $4.12 per share.

Purchase & Income

I bought 12 shares @ $172.94

These shares will provide me $12.36 in quarterly and $49.44 in annual dividend income.

 

If I add up the dividends from these three companies it would be $407.28. The stock and ETF that I sold would have provided me $364.83 in dividend income per year. I come out ahead by $42.45 and I believe all three companies have the ability to grow their dividends in the years ahead and also provide capital growth.

Well what do you think of my purchases? Please feel free to let me know in the comment section.

Thanks for reading

Matthew

 

Sold A Stock (CU), Reduced A Position (ZDY)

Hello and welcome to my latest post. Today I am going to share with a couple of transactions I made last week.  Last Tuesday December 11th I made 5 transactions in my RRSP (Registered Retirement Savings Plan) account today I will only talk about two of them to keep the post short. I will however post on Thursday about the other three transactions.

So back on the 11th I sold one stock and reduced my position in one of the Exchange Traded Funds I hold. Why did I do this you might be asking? Well on Monday December 10th Rob from Passive Canadian Income tweeted that he was thinking about selling or reducing his position in the same ETF in order to purchase one or two US stocks. Once I seen that my mind started thinking about it, the more I thought about it the more it made sense to do the same thing. It made sense because the money was in the perfect account already, here in Canada we can buy US stocks and receive their dividends in our RRSP accounts and the money will be tax free due to the tax treaty between the two countries.

I seen Rob’s tweet while I was at work so I spent the rest of the night thinking about the merits of selling the ETF and possibly what stocks I would buy with the money. I knew if I made the decision to sell that the money would be put into US stocks. That was an easy decision for me because I made it a priority for 2018 to diversify my portfolio away from Canadian stocks.

The stock that I sold was Canadian Utilities.

Canadian-Utilities-Limited

I am a big fan of Canadian Utilities, I’ve owned the stock since 2014. Throughout 2018 I have been buying shares of the company in my TFSA (Tax Free Savings Account) and I thought last Tuesday was the right time to sell what remaining shares I had in my RRSP.

Income 

I sold 75 shares @$32.23 which gave me $2,417.25 with the decision to sell I will lose $117.75 in 2019 dividend income.

 

The ETF that I reduced my position in is the BMO US Dividend ETF.

bitcoin-etf-meaning-cryptocurrency-696x472

I like the ETF for it’s monthly income, but decided to reduce my position as I thought I could grow my income quicker with stocks then with the ETF.

Income

Before I sold some I owned 455 shares, I decided to sell 290 shares @ $31.05 per share. The proceeds from the 290 shares are $9,004.50, I currently now hold 165 shares of the ETF I’m still undecided if I should sell the remaining shares and buy another stock or two.

The income that I will lose from selling these 290 shares are $247.08.

 

When I combine the income that I will lose from making these two decisions the result is a loss of $364.83 in 2019 dividend income. That is a lot to lose but I think you will be happy with what I purchased and the income I will receive from them.

So what do you think of my decision to sell CU and reduce my position in ZDY? Please feel free to comment below, I look forward to hearing what you have to say.

Also just a reminder on Thursday I will be posting on what I did with the $11,421.75 I received.

Thanks

Matthew

Dividend Increases 26 & 27 of 2018

Hello everyone and welcome back. This week I have received two more dividend increases and wanted to share them with you. One I was expecting because the company usually announces in December. The other raise was unexpected and I only found out about it scrolling through Twitter Tuesday night.

The first raise came from:

enbridge-logo

On Tuesday Enbridge announced a 10% raise to their dividend beginning in the first quarter of 2019. Also in the announcement they said they expect to raise the dividend by another 10% in 2020. Enbridge is a big holding for me I hold the stock in two accounts RRSP (Registered Retirement Savings Plan) and LIRA (Locked In Retirement Account).  This is the 6th raise I have received from Enbridge since I first started buying the stock.

Income

I currently own 257 shares and with the raise my income will increase by $17.22 quarterly and $68.88 annually.

The second increase came from:

Realty Income Corp

 

As mentioned above I found out about this raise scrolling through Twitter and it came as a surprise. This is the 4th raise for Realty Income Corp on the year. If I knew they raised the dividend so much per year I would have bought more shares lol. As it stands I currently have a small position in the company so the income gained isn’t a lot.

Income

I currently own 47 shares and with this news my monthly income increases by $0.03 and $0.36 annually.

If you own these stocks congratulations on the raises.

Thanks for reading

Matthew

Dividend Increases 24 & 25 of 2018

Hello everyone hope all of you are doing great. Today I am going to share with you a couple of dividend increases I received last week.. Last week two of my banks delivered dividend increases as was expected.

The first bank was:

641cf-bmo_logo_eo_site

On Tuesday December 4th Bank of Montreal raised their quarterly dividend by 4 cents per share to $1 or $4 annually. BMO usually raises their dividend twice a year (May and December).  This is the 9th increase I have received from the bank since I started buying the stock.

Income

I currently own 71 shares so my income will increase $2.84 quarterly and $11.36 annually.

 

The second stock to raise their dividend was:

Laurentian Bank

 

On Wednesday December 5th Laurentian Bank announced a 1 cent increase to their dividend raising it to $0.65 per share. This is the first increase I have received from the bank as I recently purchased the stock.

Income

I currently own 95 shares and with the raise my income will increase $0.95 per quarterly and $3.80 annually.

 

Congrats on the raise if you own these stocks as well.

Thanks for reading.

Matthew

November 2018 Dividend Income

new-10-canadian-bill

Hello and welcome to my November income report. Where has the year gone? I hope everyone had a great November and collected lots of dividends. For me February, May, August and November are my weaker dividend months. I can’t complain though my income continues to grow through dividend raises and new investments and I beat last November’s total.

In November I received $438.59 in my three investing accounts:

  • RRSP $211.67
  • TFSA $200.37
  • LIRA $26.55

I almost received more in my TFSA account than my RRSP that would have been a first. Over time my goal is to increase my income in the TFSA because when I become old and need the money it won’t be taxed.

TFSA

2017 2018
Laurentian Bank $60.16
Inter Pipeline $17.87 $33.46
The Keg Royalties $15.70 $28.19
Plaza REIT $24.33
Chorus Aviation $17.28 $17.96
Artis REIT $13.95 $14.76
Boston Pizza Royalties Fund $12.31 $12.31
Canadian Apartment Properties REIT $9.20
Boardwalk Real Estate Investment Trust $17.63 $0.00
Corus Entertainment $6.56
Total $101.30 $200.37

A big increase for this account as I had three stocks pay me for the first time in November. Also I made further investments in Inter Pipeline and The Keg Royalties and that helped push the total higher.

RRSP

2017 2018
Royal Bank of Canada $70.07 $75.46
Bank of Montreal $63.90 $68.16
BMO US Dividend ETF $29.50 $32.16
BMO International Dividend ETF $22.23
Realty Income Corp $13.66
Pizza Pizza Royalty Corp $17.67
Potash Corp $5.62
Total $185.85 $211.67

A smaller increase for this account which I will definitely take without complaint. Dividend raises and two new investments contributed to the higher total.

LIRA

Enbridge Income Fund Holdings $26.55

Just want to say that this will be the last payment from Enbridge Income Fund Holdings, in November they merged with Enbridge. In the merger I received 103 shares for my 141 Enbridge Income Fund shares. At the moment I am hanging onto the Enbridge shares but not sure if I should sell them and diversify away from Enbridge as they have such a large percentage of my portfolio.

DRIP

In November I was able to drip 13 shares. Here is what I received.

# of Shares
Plaza REIT 6
Chorus Aviation 2
The Keg Royalties 1
Laurentian Bank 1
BMO US Dividend ETF 1
Artis REIT 1
Inter Pipeline 1
Total 13

Below is a chart that shows the income I will receive from the new shares.

Since I started dripping my stocks my forward income has increased by $140.76. That’s pretty good in my books for really doing nothing.

2016 to 2018 Dividends

The streak continues as I continue to grow my income month over month.

2018 Dividend Goal

With only one month left in the year I am going to need a record month to reach my goal, as I need $695.10 to reach my goal.

Stock Buys

Only made one purchase this month and that was in my Locked In Retirement Account (LIRA).

  • Bought 120 shares of Diversified Royalty Corp.

 

Dividend Raises

I had a couple of raises in November.

  • Telus raised their dividend to $0.545
  • Inter Pipeline raises their dividend to $0.1425

 

Dividend Cut

I had one cut.

  • Artis REIT cut their dividend by 50% to $0.54 annually.

 

Well guys how was November for you? Did you receive lots of dividends? Please feel free to let me know how you did in the comment section.

Thank you for reading

Matthew

New Purchase – Diversified Royalty Corp

Diversified-Royalty

Hello everyone I hope you are all doing well. Today I wanted to share with you a recent purchase I made. On November 15th I bought some shares of Diversified Royalty Corp, the purchase was made in my Locked In Retirement Account (LIRA). I now hold two stocks in the account. What is Diversified Royalty Corp?

Diversified Royalty Corp. (‚ÄúDIV‚ÄĚ) is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. DIV‚Äôs objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors.

(Source: Company Website)

The company currently has three royalty partners Mr. Lube, Sutton, and Air Miles.

  • Mr. Lube¬†– Is in the quick oil change industry and has 170 locations (growing)¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬†across Canada. They are the market leader.
  • Sutton –¬† Founded in 1983 by the opening of Sutton West Coast Realty in North¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬†Vancouver.¬† Sutton West Coast Realty is the largest residential brokerage¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬†operation in the country today. They have 200 offices across Canada.
  • Air Miles¬†– Launched in Canada in 1992, AIR MILES¬ģ is Canada‚Äôs largest coalition¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬†loyalty program with over 170 brand name sponsors including Bank of¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬†Montreal, Sobey‚Äôs, Shell Canada, Safeway, Metro and online partners¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬†such as Amazon.ca and eBay. Consumers collect AIR MILES¬ģ reward¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬†miles from sponsors, which can be redeemed for a multitude of reward¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† choices, such as travel, entertainment, home electronics and gift cards.¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† There are currently more than 11 million active AIR MILES¬ģ collector¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† accounts across Canada and approximately two-thirds of Canadian¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† ¬† households participate in the AIR MILES¬ģ Reward Program.

 

Dividend

The company currently pays a monthly dividend of $0.01854. The dividend has not increased since October 2015.

Purchase & Income

On November 15th I purchased 120 shares @$2.60 per share. I had $320 bucks sitting in my account and wanted to put it to work. With the 120 shares I should receive $2.22 per month in dividend income or $26.64 annually.

So what do you think of my purchase? Do you own the stock? Feel free to let me know in the comments below.

Thanks for reading

Matthew

Dividend Increase #23 of 2018

3ec13-inter2bpipeline2blogo

 

Hi everyone today I thought I would share another dividend increase with you. Last Thursday November 8th after the markets closed Inter Pipeline announced their quarterly results. In their results they also announced a dividend increase. Inter Pipeline pays a monthly dividend, and the new dividend is $0.1425 per share up from $0.14.

Income

I currently own 239 shares so with this announcement my monthly income will increase by $0.60 and annually by $7.20.

This is my 3rd dividend increase that I have received from Inter Pipeline and hopefully there will be many more coming in the future.

If you own the stock congratulations on the raise ūüôā

Thanks for reading

Matthew