Welcome to another monthly dividend income update. April was a quiet month for investing – the only real activity was the additions to companies on my watch list. I have an ongoing list of companies I would like to invest in and plan on setting some money aside for a buying opportunity when it comes up. After last month’s breakthrough of $1,000 in monthly dividends, I wasn’t sure if I would be able to keep up the pace. Read below for details on what the total for April was.
One thing I did do in April was converting some USD. To save on currency conversion fees, I buy shares of an ETF that tracks the US dollar (DLR.TO), and then journal them over to the US version – which I then sell to get US dollars. These dollars are set aside for investing in blue chip US dividend stocks that I plan to hold for the long term.
The nice thing about using Questrade is that I can buy ETFs for free, which means it’s cost effective for me to dollar-cost average down when possible. The recent rise of the Canadian dollar to 80 cents US was a great opportunity for me to get some USD.
I haven’t invested the money yet but I have a few US companies that are on my watch list that I will be investing in when the opportunity comes up.
April Dividend Income
I received dividend income from the following sources:
- RioCan REIT
- Crescent Point Energy
- Surge Energy
- Bird Construction
- ETF: iShares Canadian Dividend Aristocrats (CDZ)
- ETF: iShares Select Dividend Index Fund (XDV)
- Cineplex Inc.
- Canoe EIT Income Fund
- Canadian Apartment REIT
- Canadian REIT
- Allied Properties REIT
- Bank of Nova Scotia
- Boardwalk REIT
- Bell (BCE)
- Coca Cola
- TD Bank
- Wal Mart
Total dividend income: $976.90
Note – some of the dividends received each month are in US currency which is converted at 1:1 for simplicity.
Stocks I Am Watching
This month had little activity (aside from converting some cash into US dollars) but there is a new addition to the watch list: Disney.
If you’ll recall last month I bought shares in McDonald’s, and I think Disney is quite similar. They recently announced a new way to generate more revenues from their theme parks: early morning access to the Magic Kingdom. This will allow families to get a head start on all the rides without dealing with the huge crowds. For this they will pay a premium of $69 (per adult). As you can imagine, there are likely lots of families willing and able to pay more for early entry. This is another example of a company finding another way to generate more revenues from their operations, and I take it as a good sign for Disney. Their stock has gone up about 270% in the past 10 years and I am hoping it goes down (temporarily) soon so I can buy.
Conclusion: April was a quiet month for dividends – I didn’t hit the $1,000 mark again but came close. Disney is on my watch list and I think it will be a long term hold for me in the future.
How was your investment income last month? What are you watching/buying?