New Purchases: CU and ZDI

Hey everybody I hope you are well, and thanks for stopping by. In today’s post I am going to share with you a couple of purchases I made back on September 4th.

The first purchase I made was in my Tax Free Savings Account (TFSA) and it’s another purchase of Canadian Utilities.

Canadian-Utilities-Limited

Over the course of the summer I have been buying Canadian Utilities in my TFSA and selling the stock in my Registered Retirement Savings Plan account (RRSP) I have been doing this to free up money in my RRSP account so I can buy US stocks or an international ETF.

Here is a brief description of Canadian Utilities in case you are unfamiliar with the company.

Canadian Utilities Limited engages in the electricity, and pipelines and liquids businesses. It operates through Electricity, Pipelines & Liquids, and Corporate & Other segments. The Electricity segment engages in the generation, transmission, and distribution of electricity using coal, natural gas, hydroelectric, and wind resources, as well as related infrastructure development in Western Canada, Ontario, the Yukon, the Northwest Territories, Australia, and Mexico. The Pipelines & Liquids segment is involved in the integrated natural gas transmission, distribution, and storage activities; and related infrastructure development activities, as well as provision of industrial water solutions throughout Alberta, the Lloydminster area of Saskatchewan, Western Australia, and Mexico. It owns and operates approximately 9,400 kilometers of natural gas pipelines, 30 compressor sites, and approximately 4,000 receipt and delivery points. The Corporate & Other segment engages in retail electricity and natural gas businesses; and commercial real estate holding activities. The company was incorporated in 1927 and is headquartered in Calgary, Canada. Canadian Utilities Limited is a subsidiary of ATCO Ltd.

Source: Yahoo Finance

The Purchase

On September 4th I purchased 49 shares @ $31.85. With this purchase I now hold 132 shares of the stock in my TFSA. I still need to buy 26 shares to hold the exact amount I held in my other account.

Income

Canadian Utilities currently pays a quarterly dividend of $0.3933 and with this purchase my income will temporarily increase $19.27 quarterly and $77.08 annually. I say temporarily because I still hold 75 shares in my RRSP account I will hang onto them until the stock price goes up.

 

My second purchase of the day was for my RRSP account, and this is the money from selling my pizza pizza shares. I used those proceeds to buy more shares of BMO International Dividend ETF.

International ETF pic

Going into 2018 I wanted to make this year more about diversifying my portfolio. Looking back on a post I wrote back on October 16, 2017 Here’s My Portfolio. How Does It Look? My geographic diversification was 85% Canada, 11.7% US and 3% cash, that is not a very diversified portfolio. This is my second purchase of this ETF so I am making an attempt to improve my portfolio.

The Purchase

On September 4th I purchased 139 shares @ $21.47. I now own 247 shares.

Income

The BMO International Dividend ETF (ZDI) currently pays a monthly dividend of $0.09. With this purchase my income will increase $12.51 monthly and $150.12 annually.

After this purchase my dividend income is slightly lower if I compare Pizza Pizza vs ZDI ETF but my portfolio is in a much better position now and that is more important.

 

Thanks for reading and sharing I appreciate it. Do you own Canadian Utilities or the BMO International Dividend ETF? Please feel free to let me know what you think of my purchases.

Thanks

Matthew

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Recent Sale: Pizza Pizza

pizza-pizza-office

 

Hi everyone I recently sold one of my stocks Pizza Pizza Royalty Corp and I thought I would share that with you.

About Pizza Pizza

Pizza Pizza Royalty Corp. owns the trademarks and trade names used by Pizza Pizza Limited (PPL) in its Pizza Pizza and Pizza 73 restaurants. PPL operates its Pizza Pizza Restaurants as franchise oriented restaurants and Pizza 73 Restaurants are owned, and operated as independent businesses. It operates through receipt of royalty income from the ownership of the Pizza Pizza and Pizza 73 Rights and Marks segment. Pizza Pizza is a franchise-oriented restaurant business operating in the province of Ontario in which it dominates the pizza quick service restaurant (QSR) segment. Pizza Pizza Restaurants operate in Ontario, Quebec, Saskatchewan, Manitoba and Nova Scotia. There are approximately 100 Pizza 73 locations operating in the QSR segment, in the province of Alberta. Pizza 73 has over five traditional locations outside of Alberta; approximately three in Saskatchewan, and over two in British Columbia. The Pizza 73 business also includes over two central food distribution centers.

Source: RBC Direct Investing

Why?

Why did I sell? That is an excellent question! First off it wasn’t an easy decision as I have held Pizza Pizza Royalty Corp shares for years. But I have been keeping an eye on the stock the past few quarters and same store sales which is a key metric has been close to zero or starting to drop. A couple of weeks ago when they released their quarterly report sales were down a combined 3.3%, Pizza Pizza down 3.5% and Pizza 73 down 1.7%. Also the company has been hit by Ontario and Alberta raising their minimum wage. Another key reason I believe for declining sales is there are so many healthy alternatives now a days people maybe shying away from pizza.

The company currently has a 3 to 5 year plan to turn the business around but I didn’t want to wait that long to see if it works or not. Also the dividend payout ratio was over 100%. I think the dividend is safe for the time being but down the road if sales don’t improve it could potentially get cut.

Income

On September 4th I sold all 242 shares of the stock, I sold the shares @$10. My average cost was $13.54 so I was down 25.79% or $845.06. That is not including dividends. I received a total of $760.98 in dividends from the company so I almost broke even.

With this sale I will lose an expected $208.12 in annual dividend income, but I will have peace of mind and I can help diversify my portfolio further with the funds from the sale.

 

So what do you think? Do you own this stock? Would you sell or possibly buy on the downturn? I look forward to hearing what you have to say.

Next Tuesday I will share with you what I purchased with the funds from the sale.

Thanks for reading

Matthew

Recent Sale

August 2018 Dividend Income

August 2018

Hey everyone, welcome to my post where I share with you the income I received in the month of August from dividends. If your a parent you are probably very happy as school starts today. I hope you all had a great month of August. For me it was a quiet month I sat on the sidelines and didn’t make any purchases, I did however make a nice contribution to my TFSA account so I could make a purchase in early September if I want.

In August I received $388.99 in dividend income which is a very nice number to get. Compared to last August my income increased by just under $100. I received payments from 14 stocks and 2 ETFs. The income breakdown is as follows in my Registered Retirement Savings Plan (RRSP) I received $217.11. My Tax Free Savings Account received $145.33, and finally my Locked In Retirement Account received $26.55.

RRSP

2017 2018
Royal Bank of Canada $66.99 $72.38
Bank of Montreal $63.90 $68.16
BMO US Dividend ETF $31.29 $32.02
Pizza Pizza Royalty Corp $16.76 $17.18
Realty Income Corp. $0.00 $13.45
BMO International Dividend ETF $0.00 $9.72
Alimentation Couche-Tard $3.78 $4.20
Total $188.56 $217.11

There are three reasons for the increased income for this account. New purchases such as Realty Income Corp and the BMO International Dividend ETF. Dividend increases for all my stocks except Pizza Pizza, and finally dripping new shares of Pizza Pizza and BMO US Dividend ETF.

TFSA

2017 2018
Inter Pipeline $17.87 $33.04
Plaza REIT $0.00 $23.96
Corus Entertainment $6.56 $18.91
Chorus Aviation $17.28 $17.72
The Keg Royalties Income Fund $15.24 $15.70
Artis REIT $13.95 $14.49
Boston Pizza Royalties Fund $12.31 $12.31
Canadian Apartment Properties REIT $0.00 $9.20
Boardwalk REIT $17.63 $0.00
Total $100.84 $145.33

Pretty much the same reasons apply here as they do to my RRSP account. My purchases of Plaza REIT and Canadian Apartment Properties REIT helped this month. Also contributing were new investments I made earlier in the year into existing stocks Inter Pipeline and Corus Entertainment. Dripping shares has also slowly increased my income from stocks as well.

LIRA

Enbridge Income Fund Holdings $26.55

This account only has one account and it pays me monthly. Enbridge is attempting to bring this fund back into it’s fold so if that happens I will receive Enbridge shares in exchange for my current Income Fund Holdings shares. If this sale happens I am not sure what I will do, as I already have a large position in Enbridge in my RRSP account so stay tuned to see what I do.

DRIP

In August I was able to receive 15 new shares through the DRIP (Dividend Re-Investment Plan) this will certainly help grow my future income. Here is what I received.

# of Shares
Plaza REIT 5
Corus Entertainment 4
Chorus Aviation 2
BMO US Dividend ETF 1
Inter Pipeline 1
Artis REIT 1
Pizza Pizza Royalty Corp 1
Total 15

Below is a chart that will show you the $ amount I will receive from these new shares.

February, May, August and November are my lower dividend receiving months so there is no surprise that my number is a little lower than the other months. Since I started dripping my forward income has increased by $94.55.

2016 to 2018 Dividends

Looking at this chart as an investor I am very happy. We always try to improve, to grown our passive income and every month so far in 2018 I have been able to do that. Hopefully I can continue this into the future.

2018 Dividend Goal

This year I set a goal of wanting to receive $6,000 from dividends. With four months to go in the I am $2,248.49 away. I will need to average $562.12 in income per month to achieve the goal.

Buys & Sells

In this area I was quiet, I did not make any buys or sell any of my stocks.

Dividend Increases

  • Royal Bank of Canada increased their dividend 4.3% raising their dividend to $0.98 per share.

 

I hope each and everyone of you had a great month of August. Thank you for reading I appreciate it.

Matthew

Dividend Increase #17 of the Year

RBC-use-1

Hi everyone hope all of you had a great summer. I am back from my mini writing break, I hope to start writing more often now as I get back into my normal routine as school starts next week. Today’s post is going to focus on a dividend increase I received back on August 22nd from Royal Bank of Canada when they announced their quarterly results.

 

About RBC

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

Source: (RBC Direct Investing)

Dividend Announcement

As mentioned above RBC announced a raise to their dividend, the raise was 4.3%. The dividend will rise to $0.98 per share up from $0.94. This is the 9th raise I have received this I began owning shares in 2014.

Income

I currently own 77 shares so with this announcement my quarterly income will increase $3.08, annually it will rise by $12.32.

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

Thanks for reading

Matthew

July 2018 Dividend Income

July Dividends

Hello everyone and welcome to my favourite post. As we are in a new month I get to share with you how my portfolio did last month. From all of the blog posts I’ve seen from other bloggers everyone seems to have had a very good July, I hope you are one of them. For me July was a good but quiet month, it was good because I received a high dividend total and quiet because I did not buy and new stocks. If you have been following my blog than you know that I turned my drip on for all my stocks so my cash goes up a little slower than normal.

For the month of July I received a total of $543.91. A very good total as it beat last July’s total. Also on a positive note I have a goal of wanting to receive at least $6,000 in dividends so I need to average $500 per month so this total helps get me closer to that figure. My portfolio consists of three accounts here they are and the amount I received for each. First is the Tax Free Savings Account (TFSA) I received $175.17, next up is the Registered Retirement Savings Plan (RRSP) for this account I received $342.19. Finally my Locked In Retirement Account received $26.55.

TFSA

2017 2018
Inter Pipeline $17.87 $32.90
ZCL Composites Inc $15.24 $30.65
Plaza REIT $0.00 $23.84
Corus Entertainment $6.56 $18.53
Chorus Aviation $17.28 $17.64
The Keg Royalties Income Fund $15.24 $15.70
Artis REIT $13.95 $14.40
Boston Pizza Royalties Fund $12.31 $12.31
Canadian Apartment Properties REIT $0.00 $9.20
Boardwalk REIT $17.63 $0.00
Total $116.08 $175.17

I saw a nice increase in July for this account due to my increased investment in Inter Pipeline and Corus Entertainment earlier this year. Later this my income will drop from Corus. I plan for the time being to stick with Corus and see what happens to the stock.

RRSP

2017 2018
BCE $78.93 $102.68
TransCanada $63.75 $71.07
Telus $49.25 $53.03
Algonquin Power & Utilities $45.61 $52.37
BMO US Dividend ETF $31.29 $31.95
Pizza Pizza Royalty Corp $16.76 $17.11
Realty Income Corp $0.00 $13.54
North West Company Inc. $0.32 $0.32
Leon’s Furniture $0.12 $0.12
Total $286.03 $342.19

Some nice big payouts for me in July, I love getting payments from BCE especially my first stock to pay five figures. New investments (BCE & Realty Income Corp) plus dividend increases are the reason for the increase in dividends received.

LIRA

Enbridge Income Fund Holdings $26.55

Just one stock in this account and it pays monthly.

DRIP

In July because I drip (Dividend Re-Investment Plan) all of my stocks my portfolio received 22 new shares which helps grow my future dividend income. Here is what I received.

# of Shares
Plaza REIT 5
Algonquin Power & Utilities 4
Corus Entertainment 4
Chorus Aviation 2
Telus 1
BMO US Dividend ETF 1
Pizza Pizza Royalty Corp 1
Artis REIT 1
Inter Pipeline 1
BCE 1
TransCanada 1
Total 22

Below is a chart of the income I expect to receive from these new shares. As you will see the money adds up quickly through dripping shares.

Since I starting dripping my shares I have increased my forward income by $87.36.

2016 to 2018 Dividends

I always like to look back and track my progress, whether it’s month to month or year to year. So far every month in 2018 has surpassed their 2017 totals.

Dividend Goal

Well I have crossed the halfway mark for my 2018 goal. In two to three months I should be passing my 2017 income which is incredible to think about.

Buys/Sells

July was a quiet month in this area. I did not buy or sell any stocks.

Increases/Decreases

  • Alimentation Couche-Tard increased their dividend to $0.10 per share.

 

Well that will do it for my July income report. I hope you enjoyed reading it. I also hope that you all had a fantastic month and received lots of dividends.

Thanks for reading

Matthew

July 2018 Dividends

2018 Mid Year Goal Review

2018-financial-goals-724x445

Hey everybody today I thought I would take the time and review my goals that I set at the beginning of the year. Normally I would review my goals quarterly but this year I must admit I forgot to do it. So this year I will provide a mid year update and a final update at the end of the year.

I have been setting goals for a couple years now and I have felt they have helped me improve my finances. I see my debt declining and my net worth improving. Also I set these goals and share them with you to help keep me accountable in case I stray off the path and fall into bad habits.

So this post will be my mid-year update so all numbers below are as of the end of June. For 2018 I decided to set 5 goals.

Here is my update:

1) Become debt free.

For the last couple of years I have really wanted to be debt free. My only debt is my car loan. As we all know vehicles are a depreciating asset so it would be great to pay it off. When I got the car I financed the car on a 7 year term (did this before I started improving my finances). At the beginning of 2018 I owed $13,987.16, at the end of June I have gotten my debt down to $6,959.12 slowly but surely I am getting this number down. Hopefully I can achieve this goal by year end.

2) Have a 50% rate

I must confess to you that I have never calculated my savings rate before, so this goal is going to give me an idea of how well or poorly I’m doing. By my calculation at the end of June my savings rate is sitting at 63% which is quite impressive.

3) Increase Net Worth by $50,000

At the beginning of 2018 my net worth sat at $126,641.77. I decided I wanted to go big and set a huge goal. I say huge because it took me about 18 years to achieve my current net worth. That is an average of $7,035.65 per year so $50k is a big stretch. With that said at the end of June my net worth stood at $138,488.46 an increase of $11,846.69. At this moment it appears I won’t reach my goal but I must say I am very happy with this number. I am already above my average for the previous 18 years and I still have another half a year to go. I believe my investing style is another reason for the big increase as I have been receiving more and more dividends from the stocks I own.

4) Invest at Least $10k

At the beginning of the year I had two jobs so I wanted to see if I could raise the bar and invest more to help future me. So I decided to set a goal of $10k this year this would be a boost over previous years. I have surpassed my goal already.

Goal-Achieved-CLR-WHT-BG-300x200-PNG24-NOINF-OPTIMIZED

As of July 1st I had invested a total of $14,495.79. This number is so high because back in January/February when there was some volatility in the market I took advantage and invested money that I had saved up in my emergency fund. I broke down the numbers between two of my accounts. For my TFSA I invested $6,472.02 and in my RRSP $8,023.77.

5) Receive $6k in Dividends

Last year was a big year in this area for me, I received $4,300 my biggest total to date. An increase of about $800 so this I thought I would attempt to more than double this amount. With the addition of a third account to my portfolio and all the money that I invested earlier this my dividend total will increase significantly. As of June 30th I had received $2,818.61, I am slightly trailing my goal and I will have to see what I can do in the second half of the year if I want to reach my goal.

Well everyone there you have it my goals for the year and an update to as to how I’m doing. How are your goals looking? I hope your all doing great.

Thanks for reading

Matthew

My Most Recent Buys ZDI and BAC

Hi everyone hope you are all doing well and collecting lots of dividends. Today I am going to share with you a couple of purchases I made at the end of June. Both of the purchases contribute to my wanting to diversify my investing portfolio away from Canada. Why would I want to get away from the Canadian market you may ask? Well Canada represents only about 3% of the world’s stock market and is dominated by the financial, telecom and utilities sectors so Canadians need to diversify to gain access to the global markets. Last year when I reviewed my portfolio I found that around 85% of my investments were in the Canadian market, that number was far to large. So far in 2018 I have purchased 4 US stocks in an attempt to lower that figure.

Both purchases were for my RRSP account.

Let’s get to my new purchases 🙂

International ETF pic

My first purchase occurred on June 27th and that purchase was the BMO International Dividend ETF when I bought 108 shares. I took my portfolio global, this purchase provides me my first exposure outside of the North American market. This buy in my opinion is very important as I had no exposure to the global market outside of North America I had been depriving my portfolio. Now I can say I have investments all over the world.

Fund Facts

  • ETF was started in November 2014
  • Net Assets $419.75 million
  • 101 stocks in the ETF
  • Management Expense Ratio 0.44%

Sector Allocation for the ETF

Geographic Allocation of the ETF

 

Dividends

The ETF pays a monthly distribution of $0.09. With my 108 shares I will provide me $9.72 per month and $116.64 annually.

 

My second purchase took place on June 29th and that stock is.

A Bank of America logo is seen in New York City

 

Yes Bank of America everybody. I first purchased shares in BAC earlier this year. I believe with a growing American economy the bank is positioned to do quite well. Also at the end of June the bank passed the Federal Stress Test, once that was announced they also said they were providing shareholders with a dividend increase to $0.15 from $0.12.

The Buy

As mentioned on June 29th I purchased 36 shares of Bank of America. With this purchase I double my investment in the bank and now hold 72 shares.

Dividends

As mentioned above the new dividend will be $0.15 paid quarterly, so my 36 shares will boost my annual income by $21.60 USD ($28.37 CDN).

 

These buys help me to further diversify my portfolio and I will continue to do so when provided the opportunity. So what do you think of my purchases? Please feel free to leave a comment.

Thanks for reading

Matthew

June 2018 Dividend Income *New Record*

Hey fellow investors. We say goodbye to June and start the second half of 2018. It is hard for me to say goodbye to June because I think it was the best month ever for me in terms of my finances. One area of my finances that was outstanding was dividends received which this post is about, a new record was set I received $650.27.

record

My portfolio consists of three accounts and when I combined them I had 20 stocks and 1 ETF pay me a record total $650.27. In my Registered Retirement Savings Plan (RRSP) account I received $382.28, my Taxa Free Savings Account (TFSA) received $241.44 and finally my Locked in Retirement Account (LIRA) received $26.55.

TFSA

2017 2018
ZCL Composites Inc $90.80
Inter Pipeline $17.87 $32.76
Plaza REIT $23.73
Corus Entertainment $6.56 $18.24
Chorus Aviation $17.28 $17.56
Keg Royalties Income Fund $15.24 $15.70
Artis REIT $13.95 $14.31
Boston Pizza Royalties Fund $12.31 $12.31
Canadian Apartment Properties REIT $9.20
Canadian National Railway $6.83
Boardwalk REIT $17.63
Total $100.84 $241.44

Huge growth in my Tax Free Savings Account this month the biggest reason for this was the special dividend paid out by ZCL Composites Inc. New investments in stocks also helped fuel the growth, along with the ability to drip shares in Inter Pipeline, Plaza REIT, Corus, Chorus, Artis REIT.

RRSP

2017 2018
Enbridge $57.34 $98.64
Fortis $64.40 $85.43
Canadian Utilities $55.41 $61.35
Power Corp $21.15 $44.31
BMO US Dividend ETF $31.29 $31.88
Johnson & Johnson $18.59
Pizza Pizza Royalty Corp $16.76 $17.04
Realty Income $13.44
Microsoft $5.90
Bank of America $5.70
Exco Technologies $8.00
Westjet $7.00
Total $261.35 $382.28

Further investments over the last year in Enbridge, Fortis, Canadian Utilities and Power Corp have had a big impact on my dividend income allowing me to either drip more shares each payment or to receive a share per payment since I can only receive whole shares through my brokerage. Also all of my US stocks contributed to my income in June.

LIRA

Enbridge Income Fund Holdings $26.55

This account is only a few months old and only holds one stock.

DRIP

In June I was able to receive 20 new shares through the DRIP (Dividend Reinvestment Plan.)

# of Shares
Plaza REIT 5
Corus Entertainment 3*
Fortis 2
Enbridge 2
Chorus Aviation 2
Canadian Utilities 1
Inter Pipeline 1
Artis REIT 1
Pizza Pizza Royalty Corp 1
BMO US Dividend ETF 1
Power Corp 1
Total 20

*As you may or may not know Corus Entertainment is going through some rough times and last week they cut their dividend 79% which will take effect on September 1st. In the graph below instead of waiting I have added the new dividend number to my forward dividend’s earned through the drip.

Below is a chart to show my future income I will receive from these new shares.

https://docs.google.com/spreadsheets/d/e/2PACX-1vQbhqqsL9TUh67vu4M5NLt8V-UzlvGsgES0VKMT72kMfqalG54oCaOaqYTSqj2WvQCGKn-VeerPx4ta/pubchart?oid=1296812045&format=interactive

I almost reached $20 maybe next month! Since I turned the drip back on I have increased my forward income by $70.24.

2016 to 2018 Dividends

https://docs.google.com/spreadsheets/d/e/2PACX-1vQbhqqsL9TUh67vu4M5NLt8V-UzlvGsgES0VKMT72kMfqalG54oCaOaqYTSqj2WvQCGKn-VeerPx4ta/pubchart?oid=1247841832&format=interactive

Can’t really believe I crossed the $600 mark in June. My goal is just to get higher each month than the previous year’s total which I have also been able to do each month of 2018 so far.

Dividend Goal

https://docs.google.com/spreadsheets/d/e/2PACX-1vQbhqqsL9TUh67vu4M5NLt8V-UzlvGsgES0VKMT72kMfqalG54oCaOaqYTSqj2WvQCGKn-VeerPx4ta/pubchart?oid=922849952&format=interactive

At the beginning of the year I set a goal of wanting to receive $6,000 in dividends this year. That was a bit ambitious of me as last year I received $4,300. As we end the June you can see I am slightly behind on my goal.

Buy and Sell

Buys

  • Bought 43 shares of Canadian Utilities for my TFSA account
  • Bought 108 shares of ZDI  BMO International Dividend ETF
  • Bought 36 shares of Bank of America

Sells

  • Sold 43 shares of Canadian Utilities in my RRSP account

 

The buying and selling of Canadian Utilities mentioned above is part of my strategy I have. I am slowly moving the stock to my TFSA account in order to free up money to help me diversify my portfolio. At the end of June I made two purchases that help diversify my investments with the money from selling Canadian Utilities shares. I will write about those purchases soon.

Raises

I had a couple of raises in June, not as many as in the month of May but that’s ok.

  • On June 19 Realty Income Corp increased their dividend to $0.22 from $0.2195
  • On June 28 Bank of America raised their dividend to $0.15 from $0.12

Cuts

  • Corus Entertainment announced that it was cutting it’s dividend by 79% starting in September.

 

Well that is going to wrap up my June report. I hope all of you had a great month. Please let me know how you did in the comment section.

Thanks for reading

Matthew

June 2018 Dividends

May 2018 Dividend Income

1_aWZ6z_NQt9qFcWSY-GcD5Q

Hello dividend lovers welcome to my May dividend income post. I have seen a few bloggers post their May dividends and they are breaking their own records which is great to see. For me I did not break my record like I did in April. However May was a positive month for me as my year over year income grew. As a dividend investor that is what I want to see.

My portfolio consists of three accounts combined in May I received $369.72 this is an increase of $85.37 compared to May 2017. In my Registered Retirement Savings Plan (RRSP) I received $200.33. In my Tax Free Savings Account (TFSA) $142.84, and in my Locked In Retirement Account $26.55.

TFSA

2017 2018
Artis Real Estate Investment Trust $13.95 $14.22
Boardwalk Real Estate Investment Trust $17.63 $0.00
Boston Pizza Royalties Fund $12.31 $12.31
Chorus Aviation $17.28 $17.48
Corus Entertainment $6.56 $18.05
Inter Pipeline $17.87 $32.62
The Keg Royalties Income Fund $15.24 $15.70
Plaza Real Estate Investment Trust $0.00 $23.61
Canadian Apartment Properties Reit $0.00 $8.85
Total $100.84 $142.84

I saw some nice growth in this account due to my new investment in Plaza REIT and Canadian Apartment Properties REIT, Inter Pipeline and Corus Entertainment.

RRSP

2017 2018
Royal Bank of Canada $66.99 $72.38
Bank of Montreal $62.48 $66.03
BMO US Dividend ETF $31.29 $31.81
Pizza Pizza Royalty Corp $16.76 $16.97
Potash Corp (now Nutrien) $5.99 $0.00
Realty Income Corp. $0.00 $13.14
Total $183.51 $200.33

The main reason for growth with this account was my purchase of Realty Income Corp in January. The rest of the increase is due to dividend increases I received from the other stocks and ETF.

LIRA

Enbridge Income Fund Holdings $26.55

This account is new and I purchased this stock earlier this year so I can’t compare year-over-year.

DRIP

I was able to drip 12 shares in May.

# of Shares
Plaza Real Estate Investment Trust 5
Chorus Aviation 2
Corus Entertainment 2
Artis Real Estate Investment Trust 1
Inter Pipeline 1
Pizza Pizza Royalty Corp 1

Below is a chart to show my future income I will receive from these new shares.

Adding $9 to my forward income is pretty good, not as good as the last two months but it will quickly grow year after year.

2016 to 2018 Dividends

Another month of growth I can’t ask for anything more than that. As you can see February, May, August and November are my weaker months in terms of receiving dividends. I continue my streak of surpassing my 2017 income total for each month here in 2018.

Dividend Goal

This year I have set an ambitious goal of wanting to receive $6,000 this year. At the end of May I am one third of the way there.

Purchases

I made one purchase in May I bought 39 shares of Canadian Utilities for my TFSA account.

Raises

May was a busy in this department for me 🙂

  • Telus raised their quarterly dividend to $0.525 from $0.505
  • Algonquin Power & Utilities raised their quarterly dividend to $0.1282 from $0.1165
  • Power Corp raised their quarterly dividend to $0.3820 from $0.3585
  • Canadian Apartment Properties REIT raised their monthly dividend to $0.1108 from $0.1066
  • Bank of Montreal raised their quarterly dividend to $0.96 from $0.93

 

That is going to do it folks for my May income report. Please feel free to comment below I always like hearing from you. How did you guys make out in May? I hope you received lots of dividends.

May Dividend Income

Raises 9,10,11,12 and 13th on the Year

Hi everyone I hope you are all doing great, and receiving lots of dividends. Today I am going to share with you some dividend raises I have received in the month of May. For me it seems the raises I receive come in bunches so for this month instead of doing individual posts for each raise. I thought it would be better to combine them in one post. That being said you probably have heard about 3 of the raises as they happened on May 8, 10 and 11th.

Let’s get to the raises shall we!

CAR.UN

On May 8th Canadian Apartment Properties Real Estate Investment Trust announced that they would be increasing their dividend to $1.33 from $1.28. The company pays a monthly dividend so this works out to a dividend of $0.1108 per month up from $0.1066. This is the first increase I have received from this stock and hopefully it won’t be the last.

Income

I currently own 83 shares so with this announcement my monthly income will improve to $9.20 up from $8.85 an increase of $0.35.  My forward income for the year improves by $4.20.

The first payment of the new dividend will take place in June with May’s distribution.

 

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On May 10th like clock work Telus announced another raise for their dividend. For the past few years Telus has increased their dividend twice a year. With this announcement Telus is increasing their dividend to $0.525 from $0.505. Telus pays a quarterly dividend. This is the 6th raise I have received this I first started investing in the company.

Income

I currently own 101 shares so with this announcement my quarterly income will improve by $2.02. My forward income for the year improves by $8.08.

The dividend increase comes into effect with the July 3rd payment.

 

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On May 10th as well Algonquin Power & Utilities announced a raise to their dividend. Algonquin pays their quarterly dividend in US dollars. Their dividend with this announcement increases to $0.1282USD from $0.1165USD. This is the 4th raise I have received from Algonquin.

Income

I currently own 312 shares and my quarterly income will increase by $3.65USD. My forward income for the year will increase by $14.60USD at the time of announcement if I converted the money to Canadian dollars it would be $18.68.

 

Power Corp

 

On May 11th Power Corp of Canada announced a 6.6% increase to their dividend. Power Corp pays a quarterly dividend, with this announcement the dividend will improve to $0.3820 from $0.3585. This is the third increase I have received from Power Corp.

Income

I currently own 116 shares of the company and my new quarterly income will improve by $2.72. My forward income for the year will increase by $10.88.

The new dividend will be payable on June 29 to shareholders of record June 8th.

 

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Today May 30th as expected Bank of Montreal raised their dividend 3 cents. The new quarterly dividend is now $0.96 up from $0.93. This new dividend payout will take effect on August 28th to shareholders of record on August 1st. This is the 8th raise I have received from the bank.

Income

I currently own 71 shares of BMO and with this announcement my quarterly income will increase $2.13. My forward income for the year increases by $8.52.

Well folks that wraps up all my dividend raise announcements. Combined these have increased my yearly income by $50.36, that’s not to bad in my opinion. If you own these stocks congrats on your raises.

Thanks for reading

Matthew