January 2018 Dividends

It just hit me that we’re into February now, which means that it’s time to post my monthly dividend summary! I just barely passed the $900 mark which seems a little low for me. I think it’s because I always get taxed on my distribution from HOT.UN, which means that my yield on that stock is not quite as high as it seems. I’ll give you the amount I received after taxes. Most likely I’ll sell that stock and put the money into a REIT that pays out in Canadian dollars. So here is the breakdown of the dividends I received in January 2018.

TFSA:

American Hotel REIT (HOT.UN)…..29.73
Artis REIT (AX.UN)…..34.29
Northview REIT (NVU.UN)…..23.36
Northwest Healthcare REIT (NWH.UN)…..56.74

Taxable Account:

Bank of Nova Scotia (BNS)…..33.97
CIBC (CM)…..120.90
TD Bank (TD)…..24.60

Algonquin Power (AQN)…..30.14
Altagas (ALA)…..56.03
Enbridge Income Fund (ENF)…..30.46
Inter Pipeline (IPL)…..43.55
Keyera (KEY)…..18.34
Northland Power (NPI)…..12.40
Pembina Pipeline (PPL)…..10.80
Transcanada Corp. (TRP)…..36.25

Crombie REIT (CRR.UN)…..19.21
Dream Global REIT (DRG.UN)……0.13
Pure Industrial REIT (AAR.UN)…..7.25
H&R REIT (HR.UN)…..38.41
Northwest Healthcare REIT (HR.UN)…..0.33
Riocan REIT (REI.UN)…..50.88
Slate REIT (SRT.UN)…..24.98

Bell (BCE)…..63.86
Telus (T)…..43.94

Extendicare (EXE)…..14.40

Rogers Sugar (RSI)…..79.65

TOTAL: $904.60

My projected annual dividend income for March 2018-February 2019 is $11,467.

December 2017 Dividends

Now that the mess with my TFSA is all sorted out, I can finally post my December dividend income! It was a pretty good month, and once again my dividend income was over $900 which is not too shabby!  It looks like Cominar paid me twice this month, so that helped. Here are the companies that paid me in December.

Taxable Account:

  • Sunlife (SLF)…..$60.97
  • Canadian National Railway (CNR)…..$7.01
  • Power Corp (POW)…..$86.76
  • Brookfield Renewable (BEP.UN)…..$64.47
  • Cominar REIT (CUF.UN)…..$19.62
  • Brookfield Infrastructure (BIP.UN)…..$19.62
  • H&R REIT (HR.UN)…..$38.41
  • Keyera (KEY)…..$18.34
  • Altagas (ALA)…..$55.30
  • Northland Power (NPI)…..$11.16
  • Pembina Pipeline (PPL)…..$10.80
  • Inter Pipeline (IPL)…..$42.98
  • Extendicare (EXE)…..$14.36
  • Enbridge Income Fund (ENF)…..$30.28
  • Slate REIT (SRT.UN)…..$25.44
  • Crombie REIT (CRR.UN)…..$19.14
  • Dream Global REIT (DRG.UN)…..$31.27
  • Killam REIT (KMP.UN)…..$10.49
  • Pure Industrial REIT (AAR.UN)…..$7.25
  • Cominar REIT (CUF.UN)…..$37.15
  • Northwest Healthcare REIT (NWH.UN)…..$0.33
  • Riocan REIT (REI.UN)…..$50.88
  • Fortis (FTS)…..$15.30
  • Enbridge (ENB)…..$95.77
  • Canadian Utilities (CU)…..$16.09

TFSA:

  • Artis REIT (AX.UN)…..$34.11
  • American Hotels REIT (HOT.UN)…..$30.23
  • Northview REIT (NVU.UN)…..$23.36
  • Northwest Healthcare REIT (NWH.UN)…..$56.40

TOTAL: $933.29

My projected annual dividend income is $11,467. This is up almost two hundred dollars from last month. I think that is mainly due to dividend increases and capital gains from the sales of some stocks. At this rate, I should definitely reach my goal of $12,000 by the end of August!

Financial Summary for 2017

Well, the holidays are over so it’s time to get back to my blog! I hope everyone had a good Christmas and New Year. I thought it would be fun to post an annual summary of my investments so that I can see how they grow from one year to the next. I also thought it might be a good idea to make this post in order to give you the whole picture. I’ve mentioned my dividend income plenty of times, but I’ve never talked about my mutual funds or GICs, or about my peer-to-peer lending account.  I’ll try to give you book values when I can, but in the case of my mutual funds I only know their current market value.

1. RRSP. In my RRSP, I have mutual funds and a GIC. Most of my mutual fund money is in Scotiabank’s Canadian Bond Index Fund. The GIC will mature at the end of 2020, at which point I will take the cash and buy stocks with it. The current values of my investments in my RRSP are:

GIC: $1336.90

Mutual Funds : $37,556.26

  1. Taxable investment account. This is where all of my stocks are at the moment. I will be transferring some of them into tax-free accounts when I get them set up. In 2017, I earned $9923 in dividends. Based on today’s exchange rate, my projected income for the next twelve months is $11,126.

Book value: $208,456.05

  1. Non-registered GICs. I have no idea why I bought these GICs, but they’re right there on my account page. They’re locked into five-year terms, but I won’t renew them. I’ll take the cash and use it to buy more dividend-growth stocks. One GIC will mature at the end of 2018, the other at the end of 2019.

Current value: $1596.89

  1. Peer-to-peer lending. At the suggestion of a co-worker (who is a pretty savvy investor), I signed up on Lending Loop in April. (You get $25 for each person that you refer, so I’ve used an affiliate link). I’ve decided that I’m not a huge fan of peer-to-peer lending. But most of my money is locked into three-year loans, so in 2018 I’ll reinvest my payments into two-year loans. In 2019 I’ll only reinvest into one-year loans, and then I hope to close the entire account down in 2020. I have earned $95.26 in interest since April.

Principal invested: $2500

Based on all of the numbers above, my current net worth is $251,446.10.

November 2017 Dividends

My dividend income in November was a little higher than I’d expected. But I can’t complain about that! I  think it’s because I recently sold a stock that pays a quarterly dividend and replaced it with a stock that has a monthly distribution. So I ended up getting two payments for the price of one! Here are the companies that paid me in November:

  • H&R REIT (HR.UN)…..$38.30
  • Bank of Montreal (BMO)…..$48.60
  • Royal Bank (RY)…..$54.60
  • Emera (EMA)…..$31.08
  • Keyera (KEY)…..$18.34
  • AltaGas (ALA)…..$52.85
  • Northland Power (NPI)…..$11.16
  • Pembina Pipeline (PPL)…..$10.80
  • Inter Pipeline (IPL)…..$41.31
  • Extendicare (EXE)…..$14.32
  • Enbridge Income Fund (ENF)…..$18.82
  • Slate REIT (SRT.UN)…..$24.38
  • Crombie REIT (CRR.UN)…..$19.06
  • Artis REIT (AX.UN)…..$33.93
  • Dream Global REIT (DRG.UN)…..$31.13
  • Killam REIT (KMP.UN)…..$10.49
  • Pure Industrial REIT (AAR.UN)…..$7.23
  • American Hotel REIT (HOT.UN)…..$35.17
  • Cominar REIT (CUF.UN)…..$36.96
  • Northview REIT (NVU.UN)…..$23.36
  • Northwest Healthcare REIT (NWH.UN)…..$56.40
  • Riocan REIT (REI.UN)…..$50.64
  • Power Financial (PWF)…..$117.56
  • National Bank (NA)…..$95.12
  • Laurentian Bank (LB)…..$112.84

TOTAL: $994.45

My projected annual dividend income is $11,292. That is partly due to some recent distribution/dividend increases: REI.UN, NA, NPI, SRT.UN, ENB and maybe some more that I’ve forgotten. It took me so long to get to $10,000 and suddenly I’m well on my way to $12,000! I’m looking forward to getting a four-digit monthly dividend income, and I should be there by the end of next summer!

October 2017 Dividends

I created this blog primarily to track my dividend income, so here is my first dividend income post! In October 2017 I received dividends from the following companies:

Algonquin Power (AQN)….. 29.90
Altagas (ALA)….. 52.68
American Hotel REIT (HOT.UN)….. 23.67
Artis REIT (AX.UN)….. 33.75
Bank of Nova Scotia (BNS)….. 33.97
Bell (BCE)….. 63.86
CIBC (CM)….. 119.60
Canadian Natural Resources (CNQ)….. 11
Cominar REIT (CUF.UN)….. 36.77
Crombie REIT (CRR.UN)…..18.99
Enbridge Income Fund (ENF)….. 18.82
Extendicare (EXE)….. 14.28
H&R REIT (HR.UN)….. 38.18
Inter Pipeline (IPL)….. 41.18
Keyera (KEY)….. 18.34
Northland Power (NPI)….. 11.16
Northview REIT (NVU.UN)….. 23.22
Northwest Healthcare (NWH.UN)….. 56.07
Pembina Pipeline (PPL)….. 10.20
Pure Industrial REIT (AAR.UN)….. 7.20
Riocan REIT (REI.UN)….. 50.41
Rogers Sugar (RSI)….. 78.57
Slate REIT (SRT.UN)….. 23.84
Telus (T)….. 16.75
Transcanada Corp. (TRP)….. 15.63

TOTAL: $848.04

I made enough money to cover my rent and most of my Internet bill! In about three years from now, my dividend income should be enough to cover ALL of my expenses. And in five years, my dividend income should be high enough that I’ll be free to give up my full-time job!