Welcome to another monthly dividend income update.
It’s a bit late but nevertheless here’s the August dividend income update.
August was a good month for dividends – I managed to reach another monthly high. This is mainly due to all dividends being reinvested and going forward I’m planning on further increases to the dividend income based on my recent purchase (read below for more).
August was a busy month for the account – I ended up moving some extra cash into the investment account and wanted to make sure I used it.
I invested the money into Enbridge – the stock has been on my watch list for a while and I finally bought. Their recent streak of dividend increases is impressive and I hope they can keep it going.
Enbridge is an energy transportation company (mainly pipelines) with diversified business segments. I like Enbridge relative to other names in the sector because of their commitment to dividend growth – they’re currently at a streak of about 20 years straight of dividend increases.
August 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 Montreal
- Boardwalk REIT
- Emera Inc.
- National Bank
- TD Bank
- Procter & Gamble
- Royal Bank of Canada
Total dividend income: $1,103.82
Note – some of the dividends received each month are in US currency which is converted at 1:1 for simplicity.
Stocks I Am Watching
There’s a new company added to my watch list: CCL Industries. CCL Industries is a consumer packaging company that specializes in personal care, food/beverage and household items. The company hasn’t been on my radar in the past – partly because I didn’t bother to look into it and also because of their low dividend yield. The yield sits at less than 1% right now which isn’t great for anyone looking for dividend income.
But what I like the most about CCL is their obvious growth in the past few years. Revenues have more than doubled in the past 4 years and the stock price has seen a nice bump, increasing 780% in the past 5 years (no, that isn’t a typo).
I always like to get others opinions on a stock before I buy and this one is no different. The only real issue I can see from all the analyst comments I’ve read is that it’s overvalued right now. That’s good enough for me, and that makes it a great stock to watch for the future.
I likely won’t buy it until it goes lower, but it will be on my radar going forward. In 2009 it dropped below $21, and anyone who invested at that point could receive 12x their original investment if they sold today.
Conclusion: August was another slow and steady month of growth, and the recent cash influx will start to show in future dividend updates.
How was your investment income last month? What are you watching/buying?