January was another steady month of dividend income. After some technical difficulties with the site this update is posted a bit late (my apologies).
As Mawer says – be boring, make money – I did just that, and January was a relatively quiet month for the investment account.
I am hoping to use the funds soon when some buying opportunities come up, and I know with the instability in the markets that it’s sure to happen soon.
I’ve been excited to look into a stock I am now very intently watching – CN Rail. The company has a solid 15 year history of increasing dividends while maintaining lean operations. An operating ratio is one of the key factors used to evaluate how efficiently a railroad is run and CN Rail is at around 58% – making it one of the most efficient in the business. That, combined with the ever-increasing dividend and lack of industry competition means it’s high on my watch list. I will most likely buy this soon. It never hit my radar in the past because of the low yield (around 2%) but the solid past performance more than makes up for it. What are your thoughts on CN Rail?
January 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)
- Canadian Western Bank
- Roger’s Sugar
- TD Bank
Total dividend income: $843.22
Note – some of the dividends received each month are in US currency which is converted at 1:1 for simplicity.
This month had three purchases: Royal Bank, Emera and TD Bank. All 3 of these buys were simply opportunities to buy when prices were down. They rebounded a bit shortly after buying, otherwise I would have continued to buy.
Conclusion: January was another steady month of dividend income and I am hoping to use the cash to put towards some new purchases – likely CN Rail.
How was your investment income last month? What are you watching/buying?