September was another month of steady dividends and more buying. Recently I wrote about using a stock screener and I did that with my own portfolio to buy more stocks. I wanted to focus on companies that have a solid history of earnings (10 year earnings per share growth), revenue growth and most importantly (for me) – dividends. I’m looking for companies that have a solid history of paying dividends and lean towards companies that are able to increase them over time (commonly called dividend “all stars”).
September 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
- Fortis Inc.
- H&R REIT
- Johnson & Johnson
Total dividend income: $808.03
Note – some of the dividends received each month are in US currency which is converted at 1:1 for simplicity.
September was a month of reinvesting the dividends earned, and I used the money to buy some companies I thought were attractively priced. Here’s a listing of the companies I bought:
- TransCanada Corp. (TRP)
- Canadian REIT (REF.UN)
- Emera Inc. (EMA)
- National Bank (NA)
- Boardwalk REIT (BEI.UN)
The amount spent in September wasn’t nearly as high as August but will provide for some diversification in the portfolio. I’ve been watching Emera for a while because of it’s solid history of increasing dividends and finally pulled the trigger.
Conclusion: I’m trying to diversify the portfolio and September was a chance to do that – I bought a couple REITs, one pipeline company and one utility company. I also bought National Bank on the recent dip. In the future I will continue to focus on the dividend income and lean towards companies that increase their annual dividends.
How was your investment income last month? What are you watching/buying?