Monday, January 2, 2017

Dividend Update - December 2016

      The month of December 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 December.  The price of barrel of crude oil continues to trade over $50.00 per barrel and is currently around $53.00 per barrel.  The Toronto Stock Exchange has lots of energy companies, so energy is a major part of investing decisions for Canadian investors.

      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

  • Enbridge (ENB) - $8.39
  • Enerplus (ERF)  -$ 5.58
  • Dream Office REIT   (D.UN)  - $ 75.50
  • High Liner Foods (HLF) - $7.00
  • Shaw Communications (SJR.B)    - $19.75
  • Westjet Airlines (WJA) - $19.60
  • Boston Pizza  Royalties Fund (BPF.UN)   - $26.91
  • Canadian National Railway (CNR) - $14.25
  • Cominar REIT (CUF.UN ) - $41.16
  • Dream Office REIT   (D.UN)  - $ 17.63
  • Enbridge (ENB) - $17.49 
  • Horizons Natural Gas Yield ETF (HNY)  - $4.43
  • Killam Properties REIT (KMP.UN) - $  15.10

Total = $272.79

        The bond ETF , Claymore 1-5 yr Laddered Corporate Bond ETF, did not pay a distribution in December.  It usually pays at the end of the month. As December 31 is the end of the year, they will pay the distribution within the first 10 days of January. This bond ETF will also pay a distribution at the end of January

        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 2016.  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.

     This month I received a personal record in options premium collected.  I received $655.10 in option premiums for the month of December.

EDIT(Jan 10) :  Cominar REIT paid out 2 distributions which were paid on December 15 and December 30.  For the December 30, the record date was December 16 which would means the ex-dividend date was 3 business days before  December 16. Therefore the new acquired 1 unit from DRIP on December 15 does not count in my total. The distribution on December 30 is the same as December 15, which is $20.58 for 169 units. The table above and dividend income tab have been updated.

How was your dividend income for December 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. You brought in a healthy sum for December, options included. Always nice to see a nice list of companies paying you that I do not hold. Your income payers are very different from mine. Congrats on a super solid options showing too. Perhaps '17 will be the year I dip my toe in that pool. Looks like more and more of our fellow DGI bloggers are using options to supplement their monthly income. Thanks for sharing.

    1. Keith,

      Thanks for dropping by. I got burnt on covered calls before. I owned RY a few years ago at $40 something a share. I sold a covered call slightly higher than that and it got called away.

      Recently, I owned RY and TD at $80.00 and $56.00 respectively. Those 2 positions got called away. I did not expect them to at the time I was selling calls as the stocks never seemed to trade anywhere near my purchase price. RY and TD are way up.

      As an investor, covered calls would be best used on a stock you are trying to get rid off.

      To purchase stocks, selling puts allows an investor to collect income instead of waiting for the stock to go down. With the latter, an investor can just wait for the price to go down or they can set a limit order at the price they want to by.