November was a decent month for dividend income, the recent purchases seem to be holding steady in market value even though the markets have moved slightly. I made a couple purchases last month (ATCO and Emera) but still have a little bit of cash to spend. I plan on keeping this on the sidelines for now until the next opportunity comes up.
Tracking the dividend income has been good for my portfolio as it’s allowed me to focus on the long term things important to me: where the dividend income is coming from, which companies are increasing their dividends and where I should allocate more of my money in the future.
On the watch list now are: Wal-Mart, Telus and A&W Royalties Income Fund. A&W is an interesting one, I don’t have any exposure to fast food restaurants at the moment and their history of dividends looks appealing. I noticed they recently increased their dividends which is a positive sign and their earnings appear healthy. Does anyone have an opinion on this stock?
November 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
- Bank of Montreal (BMO)
- Royal Bank of Canada
- Boardwalk REIT
- National Bank
- Proctor & Gamble
Total dividend income: $775.43
Note – some of the dividends received each month are in US currency which is converted at 1:1 for simplicity.
November was another slow and steady month of reinvesting dividends with a couple of purchases as well. I bought ATCO and Emera. With Canadian Utilities (bought in October), ATCO and Emera I’ll have some decent exposure to utilities and they all have a history of increasing their dividends in the long run, which falls in line with my strategy of investing in companies over a range of industries that pay steady dividends.
You’ll notice that the dividend income actually went down from the last month. This wasn’t much of a surprise since there were less quarterly dividends paid last month compared to October, and it’s more of a timing issue.
I recently wrote about how the RRSP and TFSA are both maxed out, so now the monthly savings are going towards the other TFSA account. That account will likely follow the same strategy with a mix of REITs, utilities and banks. Then in January my focus will be on taking advantage of the TFSA contribution room for the new year (hopefully $10k!)
Conclusion: the small dip in dividend income wasn’t a big deal and I’ll be looking forward to buying more quality stocks out there when they go on sale.
How was your investment income last month? What are you watching/buying?