Sunday, September 3, 2017

Dividend Income Update - August 2017

      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 price of barrel of crude oil continues to channel between $45 to $50 per barrel of WTI crude oil.  In Canada, most of the oil and gas is located in Alberta.  During the month of August, Alberta's finance minister informed the country that they are reducing the budget expectations for the price of oil.  Initially, the Alberta Finance Minister was basing his budget on $55.00 per barrel of crude oil.  Their basing their predicting on $49.00 per barrel of crude oil.  So, we will see if they change anything going forward.

        During the month of August, Alberta officially came out of their 3 plus year recession. It is believed the growth is going to be slow going forward.  Alberta is also dealing with the increase in minimum wage going up to $13.60 on October 1 from $12.20.

        Going forward, Cominar REIT will be paying a smaller distribution.  August was the first month of receiving a reduced distribution from Dream Office REIT

        During the last month or so, companies have reported their earnings.  Bank of Nova Scotia, Royal Bank and Canadian Imperial Bank of Commerce have raised their dividends in August.  The Bank of Montreal did not raise their dividend.  TD Bank, unlike the other big banks in Canada, raises its dividend annually instead of twice a year.
       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) - $31.50
  • Enerplus (ERF)  -$ 5.58
  • Emera (EMA) - $52.25
  • Dream Office REIT   (D.UN)  - $52.58
  • 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) - $0.59
    • Cominar REIT (CUF.UN) - $21.56
    • Dream Office REIT   (D.UN)  - $14.00
    • Horizons Natural Gas Yield ETF (HNY)  - $4.57
    • Killam Properties REIT (KMP.UN) - $  15.60

    Total = $309.94
        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 $309.94 represents an decrease of 8.07% from 3 months ago.

          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. It was now been a year since including the D.UN distributions within my margin account in my dividend income reports. So the next dividend income report will have the year of year comparison also.

        I received $0.00 from option premiums in August 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 August?

    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 job Pursuits! Clearly moving in the right direction and making things happen! Keep it up!

      1. PID,

        Thanks for dropping by. Unfortunately not working steady right now. Once working steady, the snowball will grow a lot quicker.

    2. Good job looks to be going in the right direction. Keep it up.

      1. Dividendandhobbies,

        Hopefully, my work situation will improve and I will be able to employ money into the portfolio. In the meantime, I am more grateful to have the dividend income now without having steady work.

    3. woot woot. Nice. are you thinking of buying more bmo on the pullback? I keep debating it. Sucks about dream lowering the dividend. Good to hear alberta's out of the recession!

      1. Right now, I am not thinking about buying any stocks as not enough income coming in at the moment.

        The Canadian banks are great investments to own. BMO has been a great investment for me so far.

    4. The beauty of dividend investing is that your investments are doing work for you, regardless of your employment situation, whether your are awake or sleep, etc. The investments are working hard behind the scenes to help you weather any situation. Hopefully that gets ironed out soon and we see a nice jolt/jump start to your dividend income!


    5. Bert,

      Thanks for dropping by. Being out of steady work, makes me appreciate the dividend income even more.

    6. It sucks that D and CUF had to cut their distribution, but that was inevitable. Hopefully once they occupancy rate improves, they will bump up that distribution again. Both companies owe great properties.

    7. How often do you use the dividends for actual living expenses?

      1. Evan,

        Right now, I use all my dividend income. I currently do not have steady work.

        This purchase was actual 100% on margin. So the margin cash balance is around $5700. If the stock price was not so low, I would not of bought it.

      2. Evan,

        Forgot to mention. I have ENB and BNS in 2 different accounts each. The positions with fractional shares in are completely re-invested still. These are with transfer agents, so I would get a check in the mail if I was to take the dividend as cash.