The month of August 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.
The price of a barrel of crude oil is still a major focus of the markets and the economy. Some analysts are predicting the WTI price of a barrel of crude oil to remain between $40 to $55 for the next year. At the same time, other analyst are predicting the WTI price for a barrel of crude oil to be around $80.00 a barrel. None of us are able to say where the price of oil is going to be by the end of this year or at the end of the next few years.
The price of stocks has fallen by large amounts recently. This is due to things such as the sell off in China which usually carries over to the North American markets, the price of oil, and the possibility of a interest rate increase in the United States.
- Bank of Montreal (BMO) - $28.70
- Emera Inc. (EMA) - $40.00
- Enerplus (ERF) -$ 26.55
- Killam Properties (KMP) - $5.75
- Royal Bank (RY) - $77.00
- Shaw Communications (SJR.B) - $19.75
- Boston Pizza Royalties Fund (BPF.UN) - $25.34
- Claymore 1-5 yr Laddered Corporate Bond (ETF) - $0.77
- Cominar REIT (CUF.UN ) - $5.39
- Dream Office REIT (D.UN) - $ 16.61
- Killam Properties (KMP) - $ 14.75
This total represents a 12.53% increase from 3 months ago and 57.12% increase year over year.
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 $1435.47 in distributions so far on this trade.
During the month, 3 companies that I own shares in have announced dividend increases which you can read about here and here. What did I have to do to receive these raises? Did I have to work for these companies? Nope. I am a shareholder of these companies who share their profits with their investors. As the profits increase from year to year, these wonderful companies pay out more and more of the profits to their investors.
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.
How was your dividend income for August?
Disclosure : Long all securities above.
Photo Credit: www.mipaq,co.za
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.