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

 

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

 

*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

 

*New Post* What’s Matthew Been Up To

What's Up

Hi everyone hope all is well with everyone. I’ve been a little quiet since my August 2019 Dividend Income post, so today I thought I would just update you on what I have been doing.

August

As you know if you read my August recap post that on the investing front I had a great and busy month with all of the buys, sells and record income (first time hitting $500 in August).  On the personal finance front I did something pretty awesome I became DEBT FREE. It’s something that I had wanted to do for a long time. I achieved this by taking a couple of my paychecks and giving them to my parents to payoff my loan to them. So once that was done I only had my car loan left. To eliminate the car loan I decided to take money out of my emergency fund and payoff the car once and for all. Even though my interest on the loan was under 1%, I felt I needed to pay it off because of the job cuts that were going to take place in Sept.

September

Personal Finance

September has been an expensive month for me. Every year there is a personal finance conference I believe it is usually held every September or October called FinCon. FinCon seems like a lot of fun and I tried to read as many recap blog posts as I could. I almost attended this year’s event in Washington D.C., however next year I have made the decision to attend which will be my very first time attending the event. Next year the conference is being held in Long Beach, California. As soon as I made the decision to go I bought my ticket for FinCon ($200 USD) and booked an AirBnb. So September spending has been crazy.

On the savings side I have been putting all of my money from my paychecks into my savings account to rebuild my emergency fund. As of September 20th the account is back up to where I had it in the summer. This was important for another reason, I may have to dip into my emergency fund soon as my union maybe going on strike with the government. For those of you that don’t know I’m a custodian and work for a local school board, how contract ended at the end of August. I won’t go into the details of what the government has offered us other than to say it’s pretty bad. We held a strike vote a couple of weeks ago and all support workers in Ontario voted 93% in favor of striking. Fingers crossed it doesn’t come to that!

Investing

Since all of the buys and sells in August I have been very quiet on the investing front. I have not made and buys or sells, I have been sitting back and collecting my dividends. Thanks to the drip program I have been able to drip new shares of some stocks. Also I have received some juicy dividend increases from Microsoft and Texas Instruments. Last week I was able to put $500 in my TFSA account and I thought I would be able to start making more contributions but I may have to hold off on that with the work situation.

Well folks that is what I’ve been up to over the last couple of months. Next week I will have a new post recapping the dividend income from 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

Suncor Energy Purchase

suncor-energy

Hi everyone just wanted to share with you a new purchase I made. On Tuesday August 6th I made a small buy and started a new position in Suncor Energy. The stock was purchased in my TFSA account.

What is Suncor Energy?

Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations. Its E&P segment consists of offshore operations off the east coast of Canada and in the North Sea, and onshore assets in North America, Libya and Syria. The Company’s Refining and Marketing segment is engaged in Refining and Supply, and Marketing operations. In addition, it explores for, acquires, develops, produces and markets crude oil and natural gas in Canada and internationally. It transports and refines crude oil, and markets petroleum and petrochemical products primarily in Canada. It markets third-party petroleum products. The Company also conducts energy trading activities.

(Source: RBC Direct Investing)

On Tuesday a lot of the Canadian market was lower due to what happened with the stock market on Monday (Canadian market was closed on August 5th) so I signed into my trading account and noticed Suncor Energy was down and close to its 52 low I decided to buy a small position within the stock. The 52 week low is $35.53 and the high is $54.51. I believe the stock price is lower because of the regulatory environment here in Canada as it is increasing difficult to get pipelines built in this country. I believe if Keystone XL or Trans Mountain pipeline gets built or given the go ahead the share price will start climbing again.

Key 2018 Suncor Numbers

  • Oil production reached an all-time high of 732k barrels up from 685.3 (2017)
  • Funds from Operations reached $10.172B up from $9.139B in 2017
  • $5.4B returned to shareholders through dividends and share repurchases

 

Dividend

Suncor Energy currently pays a quarterly dividend of $0.42 per share. Which equates to an annually dividend of $1.68. The dividend has been raised for the 16 straight years including the 17% increase that was announced in the first quarter of 2019. The payout ratio is currently 43.2% (according to Yahoo Finance) so there is plenty of room for Suncor to continue to raise the dividend in future years.

The Purchase

I was able to purchase 21 shares @ $37.00 per share. This purchase will boost my forward income by $35.28

So what do you think of my purchase? Do you own Suncor or is it on your watchlist? Please feel free to comment below.

Thanks for reading

Matthew

July 2019 Dividend Income

dividends_cubes July 2019

Hey everyone and welcome to my July dividend income post. In this post I will look back and share with you everything I did in terms of investing. July turned out to be a busy month I made four purchases and sold one stock. I received payments from 16 stocks and 1 ETF my income for July was $632.54.

The income breakdown per account is as follows:

  • RRSP $420.84
  • TFSA $208.18
  • LIRA $3.52

I had three 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 $104.57
  • CDN $527.97

RRSP

2018 2019
BCE $102.68 $110.95
TC Energy (TransCanada) $71.07 $109.50
Telus $53.03 $58.50
Altria Group $48.80
Algonquin Power & Utilities $52.37 $45.12
Inter Pipeline $36.85
Realty Income Corp $13.54 $10.65
North West Co. $0.32 $0.33
Leon’s Furniture $0.12 $0.14
BMO US Dividend ETF $31.95
Pizza Pizza Royalty Corp $17.11
Total $342.19 $420.84

Not too much going on with this account a couple of new investments in TC Energy and Altria Group helped boost the income, plus dividend increases from BCE and Telus.

TFSA

2018 2019
Bank of Nova Scotia $39.15
BMO International Dividend ETF $38.79
Inter Pipeline $32.90 $34.84
The Keg Royalties Income Fund $15.70 $28.38
Plaza Retail REIT $23.84 $24.61
Chorus Aviation $17.64 $18.16
European Residential REIT $12.28
Canadian Apartment Properties REIT $9.20 $9.55
Andrew Peller Ltd $2.42
Artis REIT $14.40
Boston Pizza Royalties Fund $12.31
Corus Entertainment $18.53
ZCL Composites Inc $30.65
Total $175.17 $208.18

There was a lot of turnover in my TFSA new investments from Bank of Nova Scotia and European Residential REIT helped propel my income over $200. At the bottom you can see four stocks that are no longer in my portfolio as I sold them or lost them when they went private (ZCL Composites Inc).

LIRA

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

A tiny boost to my income from Diversified Royalty Corp this month as it was one of the stocks I purchased at the beginning of the month before the ex dividend date.

DRIP

At the beginning of the month I had the broker turn on the DRIP (Dividend Re-investment Plan) for the stocks in my TFSA account. At the end of the month I decided to do this for all of my accounts. By the time the DRIP took effect I was able to DRIP from one stock.

  • The Keg Royalties Income Fund  1 share

This additional share adds $1.13 to my forward dividend income.

2016 To 2019 Dividends

2019 Dividend Goal

I crossed over the $4,000 mark in July so now I’m passed the halfway mark to reaching my goal of $8,000 in dividends this year.

Stock Purchases

  • 110 shares of Transcontinental
  • 70 shares of Diversified Royalty Corp
  • 20 shares of Bank of Montreal
  • 19 shares of Royal Bank of Canada

 

Stock Sell

I decided to take my 39% profit from Alimentation Couche-Tard and sell. I reinvested the profits into Bank of Montreal and Royal Bank of Canada.

Well fellow investors that is a wrap for my July. How was your month? Please feel free to comment in the comment section below.

Thanks for reading

Matthew

 

New Purchase

Transcontinental

Hi everyone thanks for stopping by. Today I just wanted to share with you a new purchase I made. On July 8th I purchased 110 shares of Transcontinental (Ticker: TCL.A). The stock was purchased in my Tax Free Savings Account.

Company Description

Transcontinental Inc is a Canada-based printing company. The Company has operations in print, flexible packaging, publishing and digital media, both in Canada and the United States. The Company’s segments include the Printing and Packaging Sector, and the Media Sector. The Printing and Packaging Sector includes the manufacturing activities of the Company, and generates revenues from various activities, such as the printing of retail flyers, magazines, newspapers, color books, personalized and mass marketing products, and the production of flexible packaging solutions in Canada and the United States. The Media Sector generates revenues through print and digital publishing products, in French and English, of various types, such as newspapers, educational books, specialized publications for professionals, retail promotional content, mass and personalized marketing, mobile and interactive applications, and geotargeted door-to-door and digital distribution services.

Source: RBC Direct Investing

Over the last several months Transcontinental has popped up on my radar as I have seen other dividend investors purchase the stock. The company has been performing nicely in my opinion in terms of financials and executing their business plan. The stock is trading much closer to its 52-week low ($14.05) than its 52-week high ($32.36). The P/E ratio currently is 9.31 which is cheap.

The company has been increasing its dividend for the last 17 years. The payout ratio currently stands at 55.92% according to Yahoo Finance which provides the company to continue to raise the dividend if they choose. The dividend is paid quarterly at $0.22 per share.

The Purchase

I bought 110 shares @$14.75. This purchase will boost my income by $96.80 annually.

So what do you think of my purchase? Do you own the stock?

Thanks

Matthew