October was another slow and steady month for dividend income. After a brief rally it looks like oil and gas stocks will have to deal with a scenario of lower-for-longer oil prices. I still think REITs are undervalued so there are a couple I have my eye on and will keep watching. The monthly dividend income has increased slightly, but I still have some cash I haven’t used that I will keep in case the markets take another temporary drop.
The only significant change in October was that I started watching a couple new stocks: ATCO, Wal-Mart, Telus and Emera. All of these stocks fit my strategy of a solid history of dividends and growth over time, and I’m hoping to build a portfolio of stocks that continually increase their dividends.
October 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
- Bell (BCE)
- Bank of Nova Scotia
- Boardwalk REIT
- Coca Cola
- TD Bank
Total dividend income: $824.81
Note – some of the dividends received each month are in US currency which is converted at 1:1 for simplicity.
October was a relatively slow month for account activity and I only made one purchase: Canadian Utilities (CU.TO). I bought this because I like the solid history of dividends (and dividend increases). It also falls in line with my strategy of diversifying over several industries. If you’ll notice with this month’s income there is a much wider range of companies paying dividends, which is part of my strategy to allocate funds over a wider range of industries (and companies).
Conclusion: the account activity wasn’t as high as September but it was another good month of dividend income that will all be reinvested again.
How was your investment income last month? What are you watching/buying?