Sunday, December 4, 2016

Dividend Update - November 2016

      The month of November 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 November.  The price of a barrel of crude oil continues to play a major role in market sentiment. OPEC recently cut production by 1.2 million barrels per day. This caused the price of oil to go up to slightly over $50.00 per barrel recently.  I do not see the price going up much more than this in the foreseeable future.  On Nov 8, Donald Trump became President Elect of the United States.  Donald Trump is pro business, so this should be positive for the markets going forward.

      One thing for sure, is that I was paid dividends and distributions for being a shareholder or unit holder in  various companies or funds. In  Sept 2016, the Dream Office REIT in the margin account will be counted as dividend income  for the first time.

 Non-registered Account

  • Bank of Montreal  (BMO) - $30.10
  • Emera (EMA) = $52.25
  • Enerplus (ERF)  -$ 5.58
  • Dream Office REIT   (D.UN)  - $ 75.00
  • Potash Corporation of Saskatchewan (POT) - $26.45
  • Shaw Communications (SJR.B)    - $19.75
  • Boston Pizza  Royalties Fund (BPF.UN)   - $26.91
  • Claymore 1-5 yr Laddered Corporate Bond ETF (CBO)  - $0.63
  • Cominar REIT (CUF.UN ) - $20.46
  • Dream Office REIT   (D.UN)  - $ 17.50
  • Killam Properties REIT (KMP.UN) - $  15.10

Total = $289.73

        As the amount of distribution from D.UN inside my margin account, will have a large impact on the comparison of dividend income from 3 months or from 12 months ago.  Therefore, I will not compare November 2016 dividend income with that of 3 months and 12 months ago.

 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 currently have DRIP turned on for the following stocks in margin account, which are D.UN and ERF.  DRIP is turned on for D.UN and CUF.UN inside my TFSA.  DRIP is turned on for BNS and ENB with the transfer agents. When investing with transfer agents directly, all the dividend is reinvested as you are able to buy partial shares. When you can only purchase whole shares with DRIP, then the dividend received has to be higher than the price of the stock to receive at least one share.

     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 November 2016?

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. Awesome month you are doing great. Keep it up.

  2. Great month, almost $300! I agree that Trump should cause increased economic growth and inflation. I'm thinking the opportunities are long term-fixed rate debt (real estate) and bank stocks (WFC). Those were my two moves at least. Keep it up,

    1. Passive Income Dude,

      Thanks for dropping by. In Canada, we do not have long term mortgages. So for a 30 year mortgage, a person will have a 1,3, or 5 year term. So, a person will have to renew/refinance at the end of their terms over the life of the mortgage. Also in Canada, for a personal residence, the mortgage interest is not tax deductible.

      The banks in Canada have been on a tear lately. On my CIBC purchase, the price already went over $10 a share in a short about of time.

  3. Nice job with your dividend income for November. BMO and CM are still on my watch list but for now I'm happy with my other Canadian banks, TD, BNS and RY. Keep up the good work!

    1. Keith,

      Thanks for dropping by. BMO raised their dividend this morning by $0.08 per year. This represents a 2.33% increase. The banks have been usually raising there dividend twice each year. CM has recently raised there dividend also.

      I have owned TD and RY in the past, but the shares were called away when the covered call options were assigned.