Wednesday, March 4, 2015

Dividend Update - Feb 2015

      The month of February is another month of  dividend income landing in my accounts. This money is used to help pay my expenses if it is needed. If the money is not needed, it is ALL used to purchase new investments to further increase my cash flow.
      During the month of February  the price of crude oil remained below $55 dollars a barrel. On March 4, the price per barrel is $51.85, as indicated below in the chart.   The lower oil prices has started to make its way through the economy. A lot of people who live in other provinces in Canada work in the oil patch in Canada. They work for weeks at a time and then go back to their provinces. So this downturn is going to affect all provinces in Canada.

Non-registered Account
  • Emera - $38.75
  • Enerplus (ERF)  -$ 46.53
  • Killam Properties (KMP)  - $5.75
  • Royal Bank (RY) - $75.00
  • Shaw Communications (SJR.B)    - $18.33
  • TD Bank (TD) - $47.00
  • Boston Pizza  Royalties Fund (BPF.UN)   - $23.87
  • Claymore 1-5 yr Laddered Corporate Bond (ETF) - $0.92
  • Cominar REIT (CUF.UN ) - $5.39 
  • Dream Office REIT   (D.UN)  - $ 16.61
  • Killam Properties (KMP) - $  14.45 
Total = $292.60

     This total represents a 72.57% increase from 3 months ago and 38.36% increase  year over year.  This a new record of dividend income for me.  Enerplus has reduced their dividend by $0.04 per month. This is an oil and gas producer that had good earnings recently but are being cautious going forward due to the current environment we all face of lower oil prices.  Recently TD, RY, BNS have announced dividend increases.  Three other stocks that I own also recently announced dividend increases. These stocks are EMA, RCI.B, BCE, and SJR.B.
    I sold a cover call during the month against by position in TD.  The net premium I received on this option is $99.05, which you can read about here.  I initiated my position in TD when a short put was assigned at $56.00 strike price.
   I also received another distribution payment of $56.00 for my swing trade in Dream Office REIT in my non-registered account. This is not listed above since it is a trade, so I keep the money in the account and do not pay myself first with this payment. I have received $1099.47 in distributions so far on this trade.

     I will update my dividend income tab with the new amount. It is great to see money from passive income sources deposited into my brokerage account every single month.

Disclosure : Long all securities above.

Photo Credit: www.mipaq,

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.


  1. Replies
    1. FrugalitytoFinancialFreedom,

      Thanks for dropping by. The increase was a welcome surprise for sure. I will a happily take it.

  2. Great looking month for dividend income. I added to my TD in February as well though I just bought the stock and was not assigned. Still a good price to get into TD. Thanks for sharing.

    1. DivHut,

      Thanks for dropping by. TD is a great stock to hold as the Canadian banks are some of the best run banks in the world. TD, along with the other Big 5 banks have been paying dividends for years with most of them for over century.

  3. Around $300 monthly dividend income! This is very impressive! Congratulations!

    1. Money Unbinding,

      Thanks for dropping by. I am grateful to be able to have make that much in dividend income in a month. It goes to show if an individual saves and invests, that he or she will growth an income stream over time.

  4. IP,

    That's a fantastic month right there. Almost $300! Even better, it'll likely only go up from here. A new record and a new baseline for the future. :)

    Keep it up!

    Best wishes.

    1. Dividend Mantra,

      Thanks for dropping by. Definitely a new baseline to shoot for in the short term. Gotta love dividend income coming in month after month.