Dividend Increases 25 & 26 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

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Dividend Increases 23 & 24 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:

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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. (“DIV”) 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’s 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® is Canada’s largest coalition                         loyalty program with over 170 brand name sponsors including Bank of                         Montreal, Sobey’s, Shell Canada, Safeway, Metro and online partners                             such as Amazon.ca and eBay. Consumers collect AIR MILES® 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® collector                          accounts across Canada and approximately two-thirds of Canadian                                households participate in the AIR MILES® 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 #22 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 🙂

Thanks for reading

Matthew

 

Dividend Increase #21 of 2018

00a68-telus-birdies

 

Hello everyone today I thought I would share a dividend increase with you. Today Telus when announcing their quarterly results announced another increase for their dividend. With this news Telus continues with their semi-annual dividend raises. In fact this is their 16th dividend increase since 2011.

Income

With this announcement Telus new dividend will be $0.545 quarterly up from $0.525. I currently own 103 shares. My income will increase by $2.06 quarterly and $8.24 annually.

This is the 7th increase that I have received from Telus since owning the stock.

If you own Telus congrats on the raise.

Thanks

Matthew

October 2018 Dividend Income

Hands grasping at falling Canadian money.

Hello everyone and welcome to my October income post. Wow it feels weird typing in October. Where has the time gone? I hope everyone had a great month and received lots of dividends. In October we seen some volatility in the market, my portfolio lost a few thousand dollars in value. Since I am 35 with a long investing horizon it front of me I’m not worried. One reason why I’m not worried is because my dividends continue to increase month after month. October was a busy month for me, I made five purchases, had one dividend increase and even one dividend decrease. 😦

In October I received $546.38 in dividends in my three accounts

  • RRSP = $349.48
  • TFSA = $170.35
  • LIRA = $26.55

RRSP

2017 2018
BCE $78.93 $103.44
TransCanada $63.75 $71.76
Telus $49.25 $53.55
Algonquin Power & Utilities $44.67 $52.52
BMO US Dividend ETF $29.50 $32.09
BMO International ETF $0.00 $22.23
Realty Income Corp $0.00 $13.43
North West Company $0.32 $0.32
Leon’s Furniture $0.12 $0.14
Pizza Pizza Royalty Corp $16.76
Total $283.30 $349.48

TFSA

2017 2018
Inter Pipeline $17.87 $33.32
ZCL Composites Inc $15.24 $30.65
Keg Royalties Income Fund $15.24 $28.10
Plaza Reit $0.00 $24.22
Chorus Aviation $17.28 $17.88
Artis Reit $13.95 $14.67
Boston Pizza Royalties Fund $12.31 $12.31
Canadian Apartment Properties Reit $0.00 $9.20
Boardwalk Reit $17.63 $0.00
Corus Entertainment $6.56 $0.00
Total $116.08 $170.35

Some more nice growth from this account. The growth comes from new investments. The Keg Royalties Income Fund was one of my purchases in October I was able to buy it before the ex dividend date so it helped grow my income this month.

LIRA

Enbridge Income Fund Holdings $26.55

DRIP

In October I was able to drip 19 shares. Here is what I received:

# of Shares
Plaza Reit 5
Algonquin Power & Utilities 4
BCE 2
Chorus Aviation 2
Telus 1
BMO US Dividend ETF 1
Inter Pipeline 1
Artis Reit 1
TransCanada 1
Keg Royalties Income Fund 1
Total 19

Below is a chart that will some what these new shares will provide me in future income.

So far this year since I started dripping my shares my forward dividends have increased by $131.32.

2016 to 2018 Dividends

This year has been very successful so far, as you can see every month in 2018 I have been able to increase my dividend total in each month.

2018 Dividend Goal

I’m inching closer guys towards my goal. I’m just $1,133.69 away from reaching my $6,000 dividend goal for the year.

Buys

  1.  Bought 21 shares of Canadian Utilities
  2.  Bought 63 shares of Power Corp of Canada
  3.  Bought 41 shares of TransCanada
  4.  Bought 27 shares of ScotiaBank
  5.  Bought 131 shares of The Keg Royalties Income Fund

 

Raises

  • Fortis increased their dividend to $0.45 from $0.425

 

Decreases

  • Artis Reit cut their dividend in half to $0.54 annually from $1.08

 

Well folks that is going to do it for my October income post. I hope you enjoyed reading it. Did you receive lots of dividends in October? Please feel free to let me know in the comment section.

Thanks for reading.

Matthew

Dividend Increase #20 of 2018

85e64-fts-logo

Hello everyone today I wanted to share with you a dividend increase I received from Fortis back on October 15th.  During Fortis annual investor day they announced a 5.9% increase to their dividend. The raise was expected as Fortis has raised it’s dividend now for 45 straight years. Also the company made a couple announcements during investor day, the company has extended its 6 per cent annual dividend growth target by a year through 2023, and they also updated their five year capital investment plan of $17.3 billion for 2019 through 2023 which is about a 20 per cent increase from last years plan. The news about the new capital investment plan is very positive as it will increase Fortis rate base.

Income

I currently own 205 shares of Fortis and with them increasing the dividend to $0.45 a share from $0.425, my income will increase $5.13 a quarter and $20.52 annually.

Also this is the 5th raise I have received since I started owning the stock, I look forward to many more raises.

 

If you own Fortis congrats on the raise. 🙂

Thanks for reading

Matthew

Five Buys In Two Days

Hello friends, today’s post is all about the stocks I bought last Friday and this past Monday. Last week we seen the markets take a turn downward and create some buying opportunities. Being in my mid 30’s, and being a dividend investor I wasn’t concerned about what the market was doing. I try to look to add to my positions in stocks or start a new invest. Last week I had the following motto.

keep-calm-and-buy-buy-buy-43

For my time horizon being about 30 years before I retire I thought this was the perfect motto. In my opinion if you have a long time horizon you should buy during downturns never sell.

I made two purchases on Friday and three on Monday I will post them in the order that I purchased them.

Buy #1 (TFSA Account)

cu-our-companies-feature

Canadian Utilities Limited is a global enterprise company. Its segments include Electricity, Pipeline & Liquids, and Corporate & Other. Its Electricity segment’s activities are conducted through two regulated businesses; ATCO Electric Distribution and ATCO Electric Transmission, and three non-regulated businesses, ATCO Power, ATCO Power Australia and Alberta PowerLine (APL). The Pipelines & Liquids segment’s activities are conducted through three regulated businesses, ATCO Gas, ATCO Pipelines and ATCO Gas Australia, and one non-regulated business, ATCO Energy Solutions. It delivers natural gas distribution and transmission services, energy storage, and industrial water solutions to existing and new customers. The Corporate & Other segment includes retail energy business, which through ATCOenergy, sells electricity and natural gas to large commercial retail customers. It also includes the commercial real estate in Alberta, and the strategic investment and expansion into Mexico.

Source: RBC Direct Investing

Yes folks another purchase of Canadian Utilities, the stock is now trading under $30 and I think that is a buying opportunity.

Purchase

Bought 21 shares @ $29.56 for a total cost of $630.71

Income

This purchase will increase my quarterly income by $8.26 and $33.04 annually.

 

Buy #2 (RRSP Account)

Power Corp

 

Power Corporation of Canada is a diversified management and holding company. The Company has interest in the financial services, renewable energy, communications and other business sectors. Its principal asset is the controlling interest in Power Financial Corporation (Power Financial). Its segments are Great-West Lifeco Inc. (Lifeco), IGM Financial Inc. (IGM) and Pargesa Holding SA (Pargesa). Lifeco offers life insurance, health insurance, retirement and investment services, and is engaged in the asset management and reinsurance business. IGM is a financial services company operating in Canada, primarily within the advice segment of the financial services market. Pargesa is a holding company with diversified interests in Europe-based companies active in various sectors, such as minerals-based specialty solutions for industry; cement, aggregates and concrete; testing, inspection and certification; wines and spirits, and electricity, natural gas and energy and environmental services.

Source: RBC Direct Investing

Power Corp is another stock that I like. The stock hasn’t really moved much over the last few years usually sitting under $30 but I feel that the future is bright and the stock will climb over time. I made this purchase to lower my average cost per share.

The Purchase

I bought 63 shares @ $27.10 for a total cost of $1,717.25. With this buy my average cost drops from $29.09 to $28.63.

Income

My quarterly income increases $24.07 and $96.28 annually.

 

Buy #3 (RRSP Account)

TransCanada logo

TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines and Energy. The Company operates in three businesses: Natural Gas Pipelines, Liquids Pipelines and Energy. The Natural Gas Pipelines and Liquids Pipelines segments principally consist of its respective natural gas and liquids pipelines in Canada, the United States and Mexico, as well as its regulated natural gas storage operations in the United States. The Energy segment includes its power operations and the non-regulated natural gas storage business in Canada. TransCanada PipeLines Limited (TCPL) is its principal operating subsidiary.

Source: RBC Direct Investing

This is my second purchase of TransCanada I’ve been watching this stock for a few weeks. On Monday it was trading for pretty much the same price that I first bought it for so I decided to pickup a few shares.

The Purchase

I bought an additional 41 shares @ $51.37. The cost was $2,116.12

Income

My quarterly income will increase by $28.29 and $113.16 annually.

 

Buy #4 (TFSA Account)

scotiabank_logo

 

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. Its segments include Canadian Banking, which provides a suite of financial advice and banking solutions to retail, small business, commercial and wealth management customers in Canada; International Banking, which provides a range of financial products, solutions and advice to retail and commercial customers in select regions outside of Canada; Global Banking and Markets, which provides corporate banking, investment banking, capital markets and transaction banking solutions, and Other, which represents smaller operating segments, including Group Treasury.

Source: RBC Direct Investing

Yes I bought another bank lol. With this buy I now own five, I think this will be my last one but you never know. I purchased ScotiaBank for two reasons. The first being their operations in South America (Chile, Peru and Colombia) and Mexico. The second reason is the stock has been falling and I found it to be a buying opportunity.

The Purchase

I bought 27 shares @ $71.53 for a total cost of $1,941.26

Income

ScotiaBank pays a quarterly dividend of $0.85 so the purchase will provide me $22.95 quarterly and $ 91.80 annually.

 

Buy #5 (TFSA Account)

 

the-keg-steakhouse-bar

 

The Keg Royalties Income Fund is a limited purpose, open-ended trust. The Trust’s objective is to provide consistent monthly distributions to unitholders at the highest sustainable level, and the Trustees of the Trust review distribution levels on an ongoing basis to fulfill that objective. The Trust pays distributions on a monthly basis to unitholders. The Trust is administered by its trustees and by the Keg Rights Limited Partnership (Partnership). The Trust, through the Partnership, owns The Keg trademarks and other related intellectual property from Keg Restaurants Ltd. The Trust makes cash distributions to its unitholders of amounts received by the Trust pursuant to interest paid on the Keg Loan and the Notes and pursuant to distributions on the Trust Units, less estimated amounts required for the payment of expenses, any cash redemptions of Units and reasonable reserves. The Keg GP Ltd. is the managing general partner of the Partnership and administrator of the Trust.

Source: RBC Direct Investing

This buy is similar to my purchase of Power Corp, I saw an opportunity to lower my average cost as the stock was trading $1 under my original purchase price. With this purchase I will now be able to drip 1 new share per month.

The Purchase

Bought 131 shares @ $17.01 for a total cost of $2,233.26. My original price that I paid for the stock was $18.02 and with this buy I was able to lower my cost to $17.56 per share.

Income

The stock pays a monthly dividend of $0.0946 and I will receive $12.39 monthly and $148.68 annually.

 

Well friends as you saw last Friday and this past Monday were quite busy for my portfolio I made five buys and spent $8,638.60. These purchases will increase my future dividend income by $482.96. I can tell you I will be sitting back now and collecting my dividends to rebuild my cash supply.

Thanks for reading everyone please feel free to leave a comment in the comment section. Did you buy any new stocks lately?

Thanks

Matthew

 

September 2018 Dividend Income

money preview

Hello everyone and welcome to my favourite post to write. Before I start I hope each and everyone of you had a great month and received lots of dividends. September for me was a busy one for my portfolio, I had some dividend raises and I also made some stock purchases and sold one stock. I would also like to mention that when I was adding up my dividends for the month I discovered that I had received more dividend income this year than I had in all of 2017 which I can’t believe and am super excited to see where I will finish this year.

excited

My investing portfolio consists of three accounts and they are the Registered Retirement Savings Plan (RRSP), Tax Free Savings Account (TFSA), and the Locked In Retirement Account). In September I received $568.42 in dividend income, my second highest total in my young investing life.

Income By Account

RRSP $375.94
TFSA $165.93
LIRA $26.55

RRSP

2017 2018
Enbridge $88.45 $99.98
Fortis $64.40 $86.28
Power Corp $21.15 $44.69
BMO US Dividend ETF $31.29 $32.09
Canadian Utilities $55.41 $29.50
Johnson & Johnson $18.86
Pizza Pizza Royalty Corp $16.76 $17.25
Bank of America $14.02
Realty Income Corp $13.37
BMO International Dividend ETF $9.72
Microsoft $5.98
Alimentation Couche-Tard $3.78 $4.20
Westjet $7.00
Exco Technologies $8.00
Total $296.24 $375.94

Big increase for this account is due to my increased investments into Fortis & Power Corp. Also my American stocks which I bought earlier this year contributed as well. I would like to say there is no need to worry about Canadian Utilities, the payment is lower as I have been selling my shares in this account and buying shares in my TFSA account.

TFSA

2017 2018
Inter Pipeline $17.87 $33.18
Canadian Utilities $32.25
Plaza REIT $24.08
Chorus Aviation $17.28 $17.80
Keg Royalties Income Fund $15.24 $15.70
Artis REIT $13.95 $14.58
Boston Pizza Royalties Fund $12.31 $12.31
Canadian Apartment Properties REIT $9.20
Canadian National Railway $6.19 $6.83
Boardwalk REIT $17.63
Corus Entertainment $6.56
Total $107.03 $165.93

Received my first dividend from Canadian Utilities in my TFSA account since I started moving the stock into this account. I must say I am going to miss my monthly payments from Corus Entertainment, September began Corus’s move to a paying a quarterly dividend instead of monthly. The decision to do this will affect my income over the next 12 months. Other than that news I am quite happy with the progress with this account.

LIRA

Enbridge Income Fund Holdings $26.55

This account only has this stock. In either November or December the stock will change to Enbridge as they are planning on bringing their subsidiaries back into the fold.

DRIP

In September I was able to receive 16 new shares through the Dividend Reinvestment Plan (DRIP). Here is what I received.

# of Shares
Plaza REIT 6
Enbridge 2
Fortis 2
Chorus Aviation 2
Canadian Utilities 1
Power Corp 1
Inter Pipeline 1
Artis REIT 1
Total 16

Below is a chart that shows the dollar amount that these new shares.

Since I started dripping my shares my forward income has increased by $111.81 not too bad for doing nothing.

2016 to 2018 Dividends

2018 Dividend Goal

My goal this year is to receive $6,000 in dividend income this year. In September as I mentioned above I have surpassed my 2017 dividend income total. It’s going to be close as to whether I can achieve my goal.

Buys

  • Bought 49 shares of Canadian Utilities (TFSA account)
  • Bought 139 shares of BMO International Dividend ETF
  • Bought 94 shares of Laurentian Bank

 

Sell

  • Sold my entire position of Pizza Pizza Royalty Corp

 

Raises

  • Microsoft raised dividend to $0.46 from $0.42
  • Realty Income Corp raised dividend to $0.2205 from $0.22

 

Thank you for reading this post I appreciate it. I hope you liked it. Please feel free to let me know how you did in September.

Thanks

Matthew