Saturday, September 3, 2016

Dividend Update - Aug 2016




      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 markets continue to go higher in the month of August.  The big banks in Canada all recently reported earnings.  Some of the big banks even raised their dividends.  On the flip side, the price of a barrel of WTI Crude Oil fell below $45.00 a barrel. 

      One thing for sure, is that I was paid dividends and distributions for being a shareholder or unit holder in  various companies or funds.

 Non-registered Account

  • Bank of Montreal (BMO) - $30.10
  • Emera (EMA) - $52.25
  • Enerplus (ERF)  -$ 5.58
  • Potash Corporation of Saskatchewan (POT) - $32.39
  • Shaw Communications (SJR.B)    - $19.75
  • TD Bank (TD) - $55.00
TFSA
  • Boston Pizza  Royalties Fund (BPF.UN)   - $26.91
  • Claymore 1-5 yr Laddered Corporate Bond ETF (CBO)  - $0.63
  • Cominar REIT (CUF.UN ) - $5.39
  • Dream Office REIT   (D.UN)  - $ 17.50
  • Killam Properties REIT (KMP.UN) - $  15.10

Total = $260.60

        This total represents a -14.23% decrease from 3 months ago and 0.0038% decrease year over year.
 
  I also received another distribution payment of $37.50 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 $1996.47 in distributions so far on this trade.  Dream REIT has reduced the amount of distribution they pay monthly which was announced in February.  Recently, I wrote about purchasing more units of D.UN inside a margin account.  Starting in September, the distribution from this D.UN inside the margin account will be included in my dividend income.

     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

DISCLAIMER
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.


10 comments:

  1. I hit exactly $260 this month (for dividends) as well. Funny! Way to go and keep it up,

    ReplyDelete
    Replies
    1. Passive Income Dude,

      That is funny for sure.

      Delete
  2. Congrats on a great dividend income month. You just fell short of $2,000 for the year. Fantastic results so far this year.

    ReplyDelete
    Replies
    1. Investing Hunting,

      Thanks for dropping by. To go along with this dividend income, I also made over $200 in option premiums.

      Delete
  3. Keep it up IP.
    Every month, the dividends keep rolling along no matter what. Congrats on the success and keep it up. Keep hustling hard! Cheers bro.

    ReplyDelete
    Replies
    1. Dividend Hustler,

      That is what is all about. Get paid dividends for doing absolutely nothing except being a shareholder.

      Delete
  4. A very respectable sum for passive income earned even if there was a slight decrease year over year. Always happy to see Canadian banks throwing cash your way. They seem to be holding up just fine despite lower oil prices and a weaker CAD. Thanks for sharing.

    ReplyDelete
    Replies
    1. Div Hut,

      The Canadian banks are some of the most best run banks in the world. I currently only own BMO and BNS. I have a naked put on Royal Bank right now.

      Delete
  5. IP,

    Great work this past month. Over $260, is sweet, and you'll be over $300, no doubt, this time next year. Especially, knowing that you have some strong Canadian Banks in that portfolio, it is bound to happen!

    -Lanny

    ReplyDelete
    Replies
    1. Lanny,

      With the addition of 300 new units of D.UN to go along with the 300 units that I currently have in the margin account to be accounted in the dividend reports starting for the month of September, that will be $75 each month for income alone. Therefore, I should hit the $300 per month consistent starting this month.

      Delete