Saturday, June 3, 2017

Dividend Income Update - May 2017

      The month of May 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 barrel of crude oil has falling during the month, and it currently sits below $48.00 per barrel.  As April and May is when breakup occurs in the Western Canadian oil patch. There continues to be a major surplus of oil even with OPEC extending cuts for another 9 months.  The tide is turning towards using more renewable energy sources. That being said, the worldwide need for oil will not go away anytime soon.

      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 (EMA) - $52.25
  • Enerplus (ERF)  -$ 5.58
  • Dream Office REIT   (D.UN)  - $77.63
  • Shaw Communications (SJR.B)    - $19.75
  • TD Bank (TD) - $60.00

    • A&W Royalties Income Fund (AW.UN) - $5.05
    • Boston Pizza Royalties Income Fund   (BPF.UN) - $26.91
    • iShares 1-5 yr Laddered Canadian Corporate Bond ETF (CBO) - $0.62
    • Cominar REIT (CUF.UN) - $21.19
    • Dream Office REIT   (D.UN)  - $ 17.63
    • Horizons Natural Gas Yield ETF (HNY)  - $4.13
    • Killam Properties REIT (KMP.UN) - $  15.60

    Total = $337.14
        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 $337.14 represents an increase of 13.88 % from 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 $108.15 options premiums in May 2017.
         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 May?

    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. Great month. Sorry to hear about dream that sucks. May was alright but it's my worst quarter month

    2. Canadianpassiveincome,

      Thanks for dropping by. The REITs seem to be trying to jump the gun and buy with the low interest rates we have. Calgary alone has approximately 33% vacancy for office space. Although Dream does not have many properties in Alberta, they have been effected.

      I think the REITs should pay down their debts some, even in this low interest rate investment. The drips are reducing my cost basis. The TFSA position will drip next month.

      Overall, I am thankful to receive the passive income via dividends and option premiums.

    3. That is a fantastic result overall, shame about Dream. Well done!

      1. Buy, Hold Long

        Dream has not been the worse distribution/dividend cut I have experienced.

        I have own Enerplus (ERF.TO) for a while. The dividend was .18 per share per month 5 years ago and then when to .09 to .05 to 0.03 to 0.01 Canadian.

    4. Good job stinks about the cut but other stocks can pick it up. Keep it up.

    5. Dividend cut backs are the worse but will you sell or continue to hold that's what I always battle with when dividends are reduced or stopped.

      1. Canadian Yardie,

        I am continue to hold. D.UN has the drip turned on so, that lowers by cost basis.

        As far as ERF.TO, I am down a lot in the position. The drip is on but do not have enough dividends to purchase a share. Should of bought a little more when it was down near the $3.00 range.

    6. Nice total. $300 plus in dividends is great. I bet your feeling the compounding effect now. ;)

      Look forward to following and seeing your progress. Best wishes. AFFJ

      1. A Frugal Family's Journey,

        I feel the compounding a little. I wish it was more the employment situation has not been good in the past 2 years.

        I live in Alberta and the summer of 2015 the hours got reduced to 4 days a week from 5. The hour reduction continued until my layoff in March 2016. I have been out of work since then except the odd job here and there.

        Right now I have EI as the federal government gave people an extra 25 weeks due to the hardships of the recession in Alberta. The recession is due to oil prices and Alberta is a high cost producer so the industry had massive layoffs. My job was not directly in the oil field by with company whose customers were in the oilfield.

        The dividend income will come in handy in about 6 weeks when I am done of EI.

    7. That's a great report on your passive income for May. What's good is that you have income coming in from different places, including dividends and options. Looking forward to more awesome reports.