Friday, March 3, 2017

Dividend Income Update - February 2017

      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.

       The markets continue to go higher in the month of February.  The price of barrel of crude oil continues to trade over $50.00 per barrel and is currently around $52.00 per barrel.  With the price of oil seeming to remain above $50.00,  the drilling activity in western Canada has begun to pick up. It is no where near it was about 3 years ago, but certainly a big increase in activity over the last year and a half. Donald Trump gave his first speech to congress recently, which had a major impact on the markets the following day.

      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) - $30.80
  • Emera Inc. (EMA) - $52.25
  • Enerplus (ERF)  -$ 5.58
  • Dream Office REIT   (D.UN)  - $ 76.38
  • Potash Corporation of Saskatchewan (POT) - $25.77
  • Shaw Communications (SJR.B)    - $19.75
    • Boston Pizza  Royalties Fund (BPF.UN)   - $26.91
    • iShares 1-5 yr Laddered Canadian Corporate Bond ETF (CBO) - $0.62
    • Cominar REIT (CUF.UN) - $20.83
    • Dream Office REIT   (D.UN)  - $ 17.63
    • Horizons Natural Gas Yield ETF (HNY)  - $4.43
    • Killam Properties REIT (KMP.UN) - $  15.10

    Total = $296.05
        As the amount of distribution from D.UN inside my margin account, will have a large impact on the comparison of dividend income from 12 months ago. This dividend income total of $296.05 represents an increase of 2.181% increase over 3 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 received $58.10 in options premiums in February.

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

    How was your dividend income for February?

    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. Congrats on the 2.2% increase. It is always great seeing positive progress.

      1. DividendMonkey,

        Thanks for dropping by. Any increase is a welcome for sure. I am between jobs, so not putting as much money into towards growing the portfolio as I would like. This makes me more thankful for the increases that I currently get.

    2. Awesome increase for QOQ. Not bad income for an off month either

    3. Very nice increase no matter what the size. Good on you, cheers.