Bank of Montreal’s 3 Cent Dividend Increase

641cf-bmo_logo_eo_site

Hey everyone, forgive me I’m a little late in posting this, my portfolio received another dividend increase and I thought I would share it with you. On Tuesday December 3rd the Board of Directors of Bank of Montreal announced a three cent raise to the quarterly dividend. This announcement was fully expected as the bank has been raising the dividend semi-annually the last few years.

The dividend will be $1.06 per share up from $1.03. I currently own 91 shares and with this raise my income will increase by $10.92.

Do you own BMO? If so congrats fellow shareholders on the raise.

Thanks

Matthew

November 2019 Dividend Income

multiple-streams-of-income

Hello and welcome everyone to my November dividend income post. I will be sharing with you all of the dividends I received in my three investment accounts, any trades I made and to let you know if my portfolio received any dividend increases. FMAN (February, May, August and November) are slow months for me, November was no exception I did eek out a gain over 2018’s total so that is positive. I had 12 stocks and 1 ETF pay me for a grand dividend total of $460.48. The income breakdown per account is as follows:

  • RRSP $297.59
  • TFSA $159.31
  • LIRA $3.58

I had three US stocks pay me so 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 $103.06
  • CDN $357.42

RRSP

2018 2019
Royal Bank of Canada $75.46 $100.80
Bank of Montreal $68.16 $93.73
AbbVie $71.69
Texas Instruments $20.70
Realty Income $13.66 $10.67
BMO International Dividend ETF $22.23
BMO US Dividend ETF $32.16
Total $211.67 $297.59

My US additions to the portfolio really helped me here. A really quiet month for this account with only five stocks paying their dividends in the month. In the future I would like to continue reinvesting money in these five as I believe they all have bright futures.

TFSA

2018 2019
BMO International Dividend ETF $38.79
Inter Pipeline $33.46 $34.91
The Keg Royalties Income Fund $28.19 $28.76
Plaza Retail Reit $24.33 $24.96
Chorus Aviation $17.96 $18.40
Canadian Apartment Properties Reit $9.20 $9.55
European Residential Reit $3.94
Artis Reit $14.76
Boston Pizza Royalties Fund $12.31
Laurentian Bank $60.16
Total $200.37 $159.31

A normal months worth of activity here with all my monthly stocks paying me. The reason for the big income drop was because of my decision in August to sell my Laurentian Bank shares and put the money into BNS. Other than that all of my stocks paid me more due to the dividend re-investment plan I have set up on all of my stocks.

LIRA

2018 2019
Diversified Royalty Corp $3.58
Enbridge Income Fund $26.55
Total $26.55 $3.58

DRIP

# of Shares Forward Income
Plaza Retail Reit 5 $1.40
Chorus Aviation 2 $0.96
Inter Pipeline 1 $1.71
The Keg Royalties Income Fund 1 $1.13
Diversified Royalty Corp 1 $0.22
Total 10 $5.42

I was only able to add 10 new shares to the portfolio this month all from my monthly dividend payers.

Forward Income From DRIP Shares

If the pattern holds true in December I should be back up over $20 but with share prices rising you never know 🙂

2016 to 2019 Dividends

2016 to 2019 Dividends

The green line is above the yellow that’s the end goal. As mentioned above I was able to eek out a small gain over last year ($21).

Dividend Goal 2019

2019 Dividend Goal

Well folks as of November 30th my dividend income stands at $6,753.78 which is quite remarkable. As you can see the needle on the gauge chart is in the green representing the fact that I am above last year’s total. I have a goal of wanting to receive $8,000 this year which means I am currently  $1,246.22 short. I am predicting I should receive between $700 to $750 in December.

Stock Buys

November was all quiet on this front as well. At the moment I have turned my attention on slowly building up my capital. In 2020 my main target for acquisitions will be in my TFSA account as I have a large contribution room.

Dividend Increases

I received three increases in the month from:

  • AbbVie a 10.3% increase which will take effect with the February 2020 payment.
  • Telus increases their dividend by 3.6%. With this announcement Telus continues their semi-annual dividend increases.
  • Diversified Royalty Corp increased their dividend to $0.23 (annual) up from $22.25 cents.

Thanks for reading everyone I greatly appreciate you stopping by. Please feel free in the comments below to tell me how you did in November.

Thanks

Matthew

 

Telus 3.6% Dividend Increase

00a68-telus-birdies

 

Hey everyone, thought I would share another dividend increase I received. On Thursday November 7th I woke up to the news that Telus was increasing it’s dividend by 3.6%. I would love to say this was a pleasant surprise but it really wasn’t, it was expected. For the last several years Telus has been raising their dividend semi-annually. The board of directors announced that effect January 2nd, 2020 when the dividend is paid next that the dividend will be increased to $0.5825 per share.

I currently own 105 shares and with this announcement my quarterly income will increase by $2.10 and $8.40 annually.

Congrats to my fellow shareholders on the raise.

Matthew

October 2019 Divided Income

cropped-c-money-wordpress.jpg

 

Hey everyone how are you? I hope you all had a fantastic month of October and collected lots of dividends from your investments. Today I am going to look back and share with you my October. Last month was pretty darn good one. On the 15th my 2019 dividend income surpassed my 2018 income two and a half months early. I’m excited to see where I end up by the end of the year.

For October I received payments from 18 stocks and 1 ETF, from these I received a total of $669.14 a new October high for me. I have three investment accounts and the income breakdown is as follows:

  • RRSP $386.45
  • TFSA $279.13
  • LIRA $3.56

I had three US stocks pay me so 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 $107.03
  • CDN $562.11

RRSP

2018 2019
BCE $103.44 $110.95
TC Energy $71.76 $109.50
Telus $53.55 $58.50
Altria Group $51.24
Algonquin Power & Utilities $52.52 $45.12
Realty Income Corp $13.43 $10.67
North West Company $0.32 $0.33
Leon’s Furniture $0.14 $0.14
BMO International Dividend ETF $22.23
BMO US Dividend ETF $32.09
Total $349.48 $386.45

New investments in Altria and TC Energy helped me offset the loss of the two ETFs. Another key to my growth this month was dividend increases from BCE, Telus, and TC Energy.

TFSA

2018 2019
Bank of Nova Scotia $93.60
BMO International ETF $38.79
Inter Pipeline $33.32 $34.77
The Keg Royalties Income Fund $28.10 $28.66
Plaza Retail REIT $24.22 $24.85
Transcontinental $24.20
Chorus Aviation $17.88 $18.32
Canadian Apartment Properties REIT $9.20 $9.55
European Residential REIT $3.94
Andrew Peller Ltd $2.42
Artis REIT $14.67
Boston Pizza Royalties Fund $12.31
ZCL Composites Inc $30.65
Total $170.35 $279.13

New investments are the key to the growth here, as you can see I received payments from five stocks that I didn’t have last October.

LIRA

2018 2019
Diversified Royalty Corp $3.56
Enbridge Income Fund $26.55
Total $26.55 $3.56

All quiet here, not too much going on with this account.

DRIP

October turned out to be another great month for me, I was able to drip a large amount of new shares that will help fuel my dividend growth.

# Of Shares Forward Income
Plaza Retail REIT 5 $1.40
Algonquin Power & Utilities 3 $1.69
Chorus Aviation 2 $0.96
Telus 1 $2.25
Altria Group 1 $3.36
Inter Pipeline 1 $1.71
BCE 1 $3.17
Transcontinental 1 $0.88
Bank of Nova Scotia 1 $3.60
TC Energy 1 $3.00
The Keg Royalties Income Fund 1 $1.13
Diversified Royalty Corp 1 $0.22
Total 19 $23.37

Forward Income From DRIP

I bet last month’s total lol. I can see a trend I will be having one slow month followed by two great months. After a couple of years I’m looking forward to seeing what this chart will show. Do you guys drip your shares or take cash?

2016 To 2019 Dividends

2016 to 2019 Dividends

Dividend Goal 2019

2019 Dividend Goal

As mentioned above on October 15th my 2019 income surpassed my entire 2018 total. My goal for this year was $8,000 and over the next two months I’m predicting I will receive between $1,100 – $1,300 so I will fall just a little short but that’s ok. I believe this year has been very successful.

Stock Buys

I made two buys in the month, they were both stocks I already owned and wanted to add to my position.

  • Suncor 28 shares
  • Texas Instruments 13 shares

Dividend Increases

None that I am aware of this month.

Well everyone that does it for my monthly wrap up. I hope you all had a great month. Please feel free to let me know how you did in the comments below.

Matthew

 

AbbVie Raises Dividend

abbvie

Happy Monday everyone! Today I wanted to share with you some dividend news I received on Friday. On Friday one of the stocks I own AbbVie (ABBV) announced quarterly earnings, during that announcement the board of directors declared a 10.3% dividend increase that will take place in February. AbbVie currently pays $1.07 per share this will increase to $1.18 per share when they pay the February dividend.

I currently own 67 shares of AbbVie so with this increase my quarterly income will increase by $7.37, annually my income increases by $29.48

If you own shares in AbbVie congrats fellow shareholders on your raise.

Thanks for reading!

Matthew

*New Post* New Suncor Purchase

Suncor

Hello everyone, what’s everyone been up to? For the last little while things have been quiet for me on the investing front. However last week I decided to make a purchase and it was to add to a stock I already hold. I purchased more Suncor Energy for my TFSA account. Suncor was trading at a good price in my opinion so I decided to buy more of this quality company.

What Is Suncor Energy?

Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada’s Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada. It operates in Oil Sands; Exploration and Production; Refining and Marketing; and Corporate, Energy Trading and Eliminations segments. The Oil Sands segment recovers bitumen from mining and in situ operations, and upgrades it into refinery feedstock and diesel fuel, or blends the bitumen with diluent for direct sale to market. The Exploration and Production segment is involved in offshore operations off the east coast of Canada and in the North Sea. The Refining and Marketing segment refines crude oil and intermediate feedstock into various petroleum and petrochemical products; and markets refined petroleum products to retail, commercial, and industrial customers through its dealers, sales channel, other retail stations, and wholesale customers. The Corporate, Energy Trading and Eliminations segment operates wind power facilities located in Alberta, Saskatchewan, and Ontario; and engages in marketing, supply, and trading of crude oil, natural gas, power, and byproducts. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1953 and is headquartered in Calgary, Canada.

(Source: Yahoo Finance)

Financial Stats

Here is a list of some financial stats that I found interesting and thought I would share in case anyone is interested in investing in Suncor.

  • 52 week range   $35.53 – $48.30
  • PE Ratio 10.97
  • Market Cap: 61.31B
  • Annual Dividend $1.68 ($0.42 quarterly)
  • Dividend Yield 4.32%
  • Payout Ratio 43.2%

The Purchase

Last week I purchased an additional 28 shares @ $39.03. These new shares plus the ones I already owned will give me a total of 49 shares. These new shares will provide me with $47.04 in annual forward income.

It is my current goal to buy enough shares of Suncor to be able to drip new shares every quarter.

So fellow investors what are you buying these days? Please feel free to let me know in the comment section.

Thanks

Matthew

September 2019 Dividend Income

Sept Dividend

Hello and welcome everyone to my September dividend income post. In this post I will share with you everything that happened to my investing portfolio in September. September is a big month in terms of dividends received, I had 21 stocks and 1 ETF pay me. My September income from dividends was $721.71, if we ignore the special dividend I received in April than September was my highest month in terms of dividends received.

I have three investment accounts and the income breakdown per account is as follows.

  • RRSP  $400.96
  • TFSA  $240.46
  • LIRA  $80.29

I had 8 US stocks pay me in Sept so here is the currency 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 $101.34
  • CDN $620.37

RRSP

2018 2019
Enbridge $99.98 $112.91
Power Corp $44.69 $93.56
Fortis $86.28 $93.15
Lockheed Martin $17.60
Home Depot $16.32
Johnson & Johnson $18.86 $15.20
3M Company $14.40
Bank of America $14.02 $12.96
Realty Income Corp $13.37 $10.65
Walgreens Boots Alliance $9.15
Microsoft $5.98 $5.06
Alimentation Couche-Tard $4.20
BMO International Dividend ETf $9.72
BMO US Dividend ETF $32.09
Canadian Utilities $29.50
Pizza Pizza Royalty Corp $17.25
Total $375.94 $400.96

I received some big payments this month from Enbridge, Fortis and Power Corp. I also received my first dividend payments from Walgreens Boots Alliance and 3M Company which I purchased in August before the ex dividend date. Over time I am planning on adding to all of my US stocks listed above so hopefully that income will continue to rise.

TFSA

2018 2019
Canadian Utilities $32.25 $65.10
BMO International Dividend ETF $38.79
Inter Pipeline $33.18 $34.63
The Keg Royalties Income Fund $15.70 $28.57
Plaza Retail Reit $24.08 $24.73
Chorus Aviation $17.80 $18.24
Canadian Apartment Properties $9.20 $9.55
Suncor $8.82
Canadian National Railway $6.83 $8.06
European Residential Reit $3.97
Artis REIT $14.58
Boston Pizza Royalties Fund $12.31
Total $165.93 $240.46

Received some big growth in my TFSA mostly from new investments in Canadian Utilities, The Keg, Suncor, European Residential Reit and BMO International Dividend ETF. Now that I have the drip set up you should start to see the income from some of these stocks slowly creep up over time.

LIRA

2018 2019
Enbridge $76.75
Diversified Royalty Corp $3.54
Enbridge Income Fund $26.55
Total $26.55 $80.29

Not too much going on with this account. The income is quite high due to the Enbridge payment.

DRIP

I had a great month with the dividend re-investment plan (DRIP), as I was able to purchase quite a few shares and increase my forward dividend income.

# Of Shares Forward Income
Plaza Retail REIT 5 $1.40
Enbridge 3 $8.85
Power Corp 3 $4.86
Chorus Aviation 2 $0.96
Canadian Utilities 1 $1.69
Fortis 1 $1.80
Inter Pipeline 1 $1.71
The Keg Royalties Income Fund 1 $1.13
Diversified Royalty Corp 1 $0.22
Total 18 $22.62

I hope you guys don’t mind charts lol, I decided to create a new one that displays the forward income that I will be receiving from all of the new shares that I receive through DRIP.

2016 To 2019 Dividends

Dividend Goal For 2019

I crossed the $5,000 mark in year-to-date dividends with September’s income. Around October 15th I should reach and surpass 2018’s dividend total which would mean I would have two and a half months of dividends received growth.

Stock Buys/Sells

This is probably the only area in which my portfolio was quiet. The only stocks I bought were the shares through the drip, and I did not sell any stocks.

Dividend Increases

I had a nice month in this area as I received five raises.

  1. Texas Instruments
  2. Microsoft
  3. Fortis
  4. Lockheed Martin
  5. Realty Income Corp

 

Well that’s a wrap for my September income post, please feel free to leave a comment below I enjoy hearing from you. How was your September>

Thanks for reading

Matthew

 

August 2019 Dividend Income

August Dividend Post

Hello and welcome everyone to my August dividend income post. I will share with you everything that happened in August with my investment accounts. I bet there are some very happy parents today as the kids go back to school this morning. This month I received dividend payments from 12 stocks and 1 ETF. My income for August was $535.14 I skipped the $400’s and went straight to the $500’s lol.

The income breakdown per account is as follows:

  • RRSP $310.84
  • TFSA $220.78
  • LIRA $3.52

I had two US stocks pay me so here is the currency in which I received the dividends in. Just as 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 $82.34
  • CDN $452.77

RRSP

2018 2019
Royal Bank of Canada $72.38 $97.92
Bank of Montreal $68.16 $93.73
AbbVie $71.69
Inter Pipeline $36.85
Realty Income Corp $13.45 $10.65
Pizza Pizza Royalty Corp $17.18
BMO International Dividend ETF $9.72
Alimentaion Couche-Tard $4.20
BMO US Dividend ETF $32.02
Total $217.11 $310.84

The banks led the way for me this month with those nice juicy dividends that they pay. I decided to sell my Inter Pipeline shares for this account so this is the last month I will receive dividend in my RRSP account.

TFSA

2018 2019
Laurentian Bank $62.70
BMO International Dividend ETF $38.79
Inter Pipeline $33.04 $34.49
The Keg Royalties Income Fund $15.70 $28.47
Plaza Retail Reit $23.96 $24.61
Chorus Aviation $17.72 $18.16
Canadian Apartment Properties Reit $9.20 $9.55
European Residential Reit $4.01
Artis Reit $14.49
Boston Pizza Royalties Fund $12.31
Corus Entertainment $18.91
Total $145.33 $220.78

Some nice growth here thanks to the payments from Laurentian Bank and the ETF. I have the drip up and running now on all stocks so we should see some modest growth this time next year.

LIRA

2018 2019
Diversified Royalty Corp $3.52
Enbridge Income Fund $26.55
Total $26.55 $3.52

Nothing going on with this account I still just have the two stocks in it.

DRIP

With my drip up and running now I was able to drip a few more shares and add some additional forward income to my portfolio.

# of Shares Forward Income
Plaza Retail Reit 5 $1.40
Chorus Aviation 2 $0.96
Inter Pipeline 1 $1.71
The Keg Royalties Income Fund 1 $1.13
Total 9 $5.20

I thought I was going to be able to drip a share of Bank of Montreal but I guess I missed the ex dividend date. I can’t complain though I will take a $5.20 boost to my future income.

2016 to 2019 Dividends

The chart shows the upward trajectory of my dividend journey to date. Hopefully it will continue years into the future. 🙂

Dividend Goal For 2019

I’m just $3,097.55 away from my goal. I will need to receive $774.39 per month in order to reach my goal.

Stock Purchases

August was very busy for me in terms of stock purchases, here is what I bought.

  • 21 shares of Suncor
  • 20 shares of Walgreens Boots Alliance
  • 10 shares of Microsoft
  • 10 shares of Texas Instruments
  • 10 shares of 3M (MMM)
  • 59 shares of Bank of Nova Scotia

 

Stock Sells

I sold a couple of stocks this month.

  • 256 shares of Inter Pipeline (RRSP shares only, I still own shares in TFSA)
  • 95 shares of Laurentian Bank

 

Dividend Raises

I received three raises from in the month.

  • Royal Bank of Canada
  • Altria Group
  • Bank of Nova Scotia

 

Well folks there is my August recap for you. Please feel free to comment below. How did you guys do this month?

Thanks for reading

Matthew

 

*New Post* Sold One Bank and Bought Another

Laurentian Bank

 

Hi everyone I decided to do a Labour Day weekend post on a trade I did Friday. Over the past week I was looking at my portfolio specifically at my Tax Free Savings Account and wondered if I had too many stocks at this present time. I came to the conclusion that I only needed to have one bank stock in this account for the time being. Before Friday I held Laurentian Bank and Bank of Nova Scotia.

Over the past couple of weeks the Canadian Banks announced their recent quarterly earnings and Bank of Nova Scotia had a decent quarter whereas Laurentian had a somewhat so so quarter with earnings down. The earnings reports didn’t influence my decision to sell, but they did I guess help reinforce that you will have better opportunities with Canada’s big six banks over the regional ones. I feel at this present time that Bank of Nova Scotia has the better growth opportunities and business model.

The Sell

I sold all of my shares (95) of Laurentian Bank at $43.64 I made a small profit of 3.47% on capital appreciation.

The Buy

scotiabank_logo

 

With the money from the Laurentian Bank shares I was able to purchase another 59 shares of Bank of Nova Scotia at @70.93 per share. With these new shares my share count now stands at 104. I will now be able to drip one additional share in October when the bank pays their dividend on Oct 29th.

 

By making this decision in the short term my dividend income will actually fall by  $38.40 per year. But I figure that I can quickly close this shortfall by dripping new shares and the dividend increases the bank announces every year.

So what do you think of my decision? Do you have thoughts on both banks? I would love to hear them so please feel free to leave a comment bottom.

Thanks for reading

Matthew

Four New Stock Purchases

Hey everyone today I wanted to share some purchases I made last week with you. Last Monday I sold some of my shares of Inter Pipeline and you can read about that here.  From that transaction I put the proceeds into the US side of my account leaving me with about $5,200 to spend. Last week we saw some volatility in the markets, they began the week down then up and back down again. After Wednesday I stopped looking. Why did I stop looking? I stopped because I am a long term investor who try’s to buy quality stocks and hold them for long periods of time, and also because I spent all my money on Wednesday 🙂

Before making my purchases I took a look at my portfolio and noticed that I was weak in the following sectors: industrials, healthcare, tech and consumer defensive. My weakest being tech so I tried to focus on stocks in those sectors. I believe I selected some good quality stocks to help boost my portfolio. As the title says I made four purchases all on Wednesday and they were all US. Not only do these buys help me in the sectors above they also help me to diversify away from my home Country of Canada. Three of these stocks are brand new to my portfolio. All of these stocks were purchased in my Registered Retirement Savings Plan account for tax purposes.

The first stock I bought was: Walgreens Boots Alliance

walgreen-boots-alliance-wba-logo

Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the U.S. and Europe. Walgreens Boots Alliance and the companies in which it has equity method investments together have a presence in more than 25 countries and employ more than 415,000 people. The company is a global leader in pharmacy-led, health and well being retail and, together with its equity method investments, has more than 18,500 stores in 11 countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with more than 390 distribution centers delivering to more than 230,000 pharmacies, doctors, health centers and hospitals each year in more than 20 countries. In addition, Walgreens Boots Alliance is one of the world’s largest purchasers of prescription drugs and many other health and well being products.

The company’s portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as increasingly global health and beauty product brands, such as No7, Soap & Glory, Liz Earle, Sleek MakeUP and Botanics.

(Source: Walgreens Boots Alliance website)

I thought Walgreens would be a good addition to my portfolio as it helps me in the consumer defensive sector. Walgreens as mentioned above is a huge business with more 18,500 stores located in 11 countries. The stock is near its 52 week low and thought it was a good time to buy.

On July 10th Walgreens announced their latest dividend increase and this marked their 44th consecutive year in which they have raised their dividend. With the announcement they now pay a quarterly dividend of $0.4575.

Purchase

I purchased 20 shares @ $50.74. These shares will provide with $9.15 in quarterly income and $36.60 in annual dividend income.

The second stock I bought was: 3M (MMM)

3m-logo

3M Company develops, manufactures, and markets various products worldwide. It operates through four business segments: Safety & Industrial, Transportation & Electronics, Health Care, and Consumer. The Safety & Industrial segment offers personal safety products, adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. The Transportation & Electronics provides electronics, such as display materials and systems, electronic materials solutions; automotive, aerospace, and commercial solutions; advanced materials; and transportation safety products. This segment serves transportation and electronic original equipment manufacturer customers. The Health Care segment offers medical solutions, oral care, separation and purification sciences, health information systems, drug delivery systems, and food safety products. The Consumer segment provides home improvement, home care, and consumer health care products, as well as stationery and office supplies. This segment is also involved in the retail auto care business. The company serves automotive, electronics and automotive electrification, appliance, paper and printing, packaging, food and beverage, construction, medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, health information systems, food manufacturing and testing, consumer and office retail, office business to business, home improvement, drug and pharmacy retail, and other markets. 3M Company was founded in 1902 and is headquartered in St. Paul, Minnesota.

(Source: Yahoo Finance)

3M is a stock I’ve had on my radar for awhile now and I finally decided to pick up some shares when I had the cash. 3M helps me in the industrial sector. 3M over the last few months has had it’s share price continue to slowly drop I believe this is due to the ongoing trade war between the US and China. This stock was also near it’s 52 week low and looked like a good entry price for me.

3M is a dividend aristocrat and that means the company has raised their dividend at least 25 consecutive years. In fact according to the company’s website they have raised the dividend for the last 60 years. Quite impressive if I may say so. 3M currently pays a quarterly dividend of $1.44.

Purchase

I purchased 10 shares @ $159.68, these shares will add $14.40 in quarterly income and $57.60 annually.

The third stock I purchased was: Texas Instruments

 

texas instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products. This segment also provides signal chain products that sense, condition, and measure signals to allow information to be transferred or converted for further processing and control for use in amplifier, data converter, interface product, motor drive, clock, and sensing product end-markets; and integrated analog and standard products, which are primarily for sale into personal electronics, industrial, and automotive markets. The Embedded Processing segment offers connected microcontrollers, such as microcontrollers, microcontrollers with integrated wireless capabilities, and stand-alone wireless connectivity solutions that are used in electronic equipment to sense, connect, log, and transfer data; digital signal processors for mathematical computations; and applications processors for specific computing activity. This segment offers products for use in various markets, principally industrial and automotive. The company also provides DLP products, primarily for use in projectors to create high-definition images; calculators; and application-specific integrated circuits. Texas Instruments Incorporated markets and sells its semiconductor products through direct sales and distributors, as well as online. The company was founded in 1930 and is headquartered in Dallas, Texas.

(Source: Yahoo Finance)

I selected Texas Instruments because it would fit perfectly in my portfolio and help boost my technology holdings. The company is a free cash flow machine in 2014 free cash flow was $3.8B and in 2018 it reached $6.1B representing 38% of the company’s revenue. When I purchased the stock shares were were much closer to their 52 week high than it’s low. I’m not too worried about that I have plans to hold this stock for quite awhile.

Texas Instruments have grown their dividend for the past 15 consecutive years with impressive growth. Over the last five years the dividend has had a compounded annual growth rate of 21%. The 2018 dividend only consumed 42% of the company’s free cash flow meaning their is still plenty of room for the dividend to continue to grow. The dividend currently sits at $0.77 quarterly.

The Purchase

I purchased 10 shares @ $121.18, these shares will provide me $7.70 in quarterly dividend income and $30.80 in annual income.

The fourth and final purchase is: Microsoft

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company’s Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); and Skype, Outlook.com, and OneDrive. It also provides LinkedIn that includes Talent and marketing solutions, and subscriptions; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises. The company’s Intelligent Cloud segment licenses SQL and Windows Servers, Visual Studio, System Center, and related CALs; GitHub that provides a collaboration platform and code hosting service for developers; and Azure, a cloud platform. It also provides support services and Microsoft consulting services to assist customers in developing, deploying, and managing Microsoft server and desktop solutions; and training and certification to developers and IT professionals on various Microsoft products. The company’s More Personal Computing segment offers Windows OEM licensing and other non-volume licensing of the Windows operating system; Windows Commercial comprising volume licensing of the Windows operating system, Windows cloud services, and other Windows commercial offerings; patent licensing; Windows Internet of Things; and MSN advertising. It also provides Microsoft Surface, PC accessories, and other intelligent devices; Gaming, including Xbox hardware, and Xbox software and services comprising Xbox Live transactions, subscriptions, cloud services, and advertising; and video games and third-party video game royalties, as well as Search, including Bing and Microsoft advertising. Microsoft Corporation was founded in 1975 and is headquartered in Redmond, Washington.

(Source: Yahoo Finance)

I already own shares of Microsoft (11 shares) before this purchase. I thought this was a good time to add to my position. I believe Microsoft has a long and bright future ahead of itself.

Microsoft pays a quarterly dividend of $0.46.

The Purchase

I purchased an additional 10 shares @ $134.70, these will provide me $4.60 in quarterly income and $18.40 annually.

Well folks that’s a wrap. I’ve now spent all of my money and will be on the sidelines for the next couple of months. What do you think of my purchases? I feel like I have better diversified my portfolio for the future, for example my tech sector only consisted of 11 Microsoft shares before these buys.

Thanks for reading

Matthew