Tuesday, 4 December 2018

Dividend Income - November 2018

Another good month, and another four-figure dividend income! I wasn't expecting to reach the $1000 mark this month, but I think what helped me is that I sold a stock after the ex-dividend date and then put the money into another stock that was about to go ex-dividend. So I ended up getting two dividend payments for the price of one. Actually, that must have happened three times because I see three stocks in the list below that I no longer own: ALA, O and KMI. Here are the dividend payments that I received in November.

TAXABLE ACCOUNT 
  • Bank of Montreal (BMO).....39.36
  • Emera (EMA).....119.85
  • Keyera (KEY).....19.65
  • AltaGas (ALA).....56.94
  • Pembina Pipeline (PPL).....21.28
  • Inter Pipeline (IPL).....43.68
  • Extendicare (EXE).....22.00
  • Dream Global REIT (DRG.UN).....9.20
  • RioCan REIT (REI.UN).....52.44
  • Power Financial (PWF).....126.00
  • Laurentian Bank (LB).....60.80

RRSP
  • Royal Bank (RY).....87.22
  • Caterpillar (CAT).....8.99
  • Clorox (CLX).....15.11
  • AbbVie (ABBV).....26.45
  • Realty Income (O).....6.36
  • Kinder Morgan (KMI).....27.29
  • Northland Power (NPI).....6.50
  • Vermilion Energy (VET).....18.40
  • Colgate (CL).....16.53
  • Plaza REIT (PLZ.UN).....12.48
  • American Hotel REIT (HOT.UN).....0.29
  • AT&T (T).....27.99
  • General Mills (GIS).....15.31
  • Verizon (VZ).....17.26
  • National Bank (NA).....17.36

TFSA
  • H&R REIT (HR.UN).....39.22
  • Cogeco (CCA).....15.23
  • Crombie REIT (CRR.UN).....30.04 
  • Artis REIT (AX.UN).....35.38
  • Northview REIT (NVU.UN).....23.36
  • Northwest Healthcare REIT (NWH.UN).....30.07 

TOTAL: $1048.48

PROJECTED ANNUAL DIVIDEND INCOME: $13,643.39 

CURRENT YIELD: 4.79% 

Friday, 30 November 2018

Financial Goals for 2018: Update

I was going to wait until the end of the year to post this. But then I decided that I should post it now because I first started blogging in November 2017, so that means I'm celebrating my one-year anniversary now. As far as organizing my finances goes, I've come a long way in the past year! For instance, when I first started blogging, all of my investments were in a taxable account. Here is a list of all the things I've accomplished in the past year:

1. I opened a TFSA and maxed it out.

2. I opened an investment account in my RRSP, then maxed out my RRSP.

3. I cashed out all of my mutual funds and put the money into dividend-paying stocks.

4. I cancelled the renewals on all of my GICs. They will go to cash, which I will put into dividend-paying stocks.

5. Pulled some money out of my peer-to-peer lending account. I'm careful about which companies I lend money to, but many loans have still gone to collections. I've decided peer-to-peer lending isn't the best way to earn extra money.


I still have a ways to go before everything is exactly the way I want it, so here are some goals for 2019:

1. Move ALL of my REITs into my TFSA. Right now, some of them are still in my taxable account. I may need to move some stocks out of my TFSA to open contribution room for the REITs.

2. One GIC matures next month, and another matures in February. I will take that money and buy dividend stocks with it.

3. Decrease the number of Canadian stocks in my RRSP. When the stocks go up, I will sell them and buy them back in my taxable account. I will use the freed-up money to buy more American stocks. Currently on my watchlist: TXN, ITW, PG, V and AXP.

4. Continue pulling money out of peer-to-peer lending and investing it in dividend stocks. I will not put money into any new loans.

5. Shift my investing focus from dividend stocks to dividend-growth stocks. I have lots of stocks that don't increase their dividends on a regular basis. If they go up, I will probably sell them.


Friday, 23 November 2018

Buys, Sells and DRIPs - October 2018

Aside from my failed attempt at swing trading marijuana stocks, October was a typical month for me in terms of buys, sells and DRIPs. I have cancelled a lot of my DRIPs for the time being. That is mainly because there are still some stocks that I want to buy. Once I own all the stocks that I want to own, and have around $5000 in each of them, I will probably turn the DRIPs back on for all of them. Here is a summary of all transactions in my taxable account, RRSP and TFSA in October:

TAXABLE

  • AltaGas (ALA).....sold 312 shares
  • Dream Global REIT (DRG.UN).....bought 403 shares

  • Rogers Sugar (RSI).....DRIP 14 shares
  • Bell (BCE)....DRIP 1 share
  • Extendice (EXE).....DRIP 3 shares
  • AltaGas (ALA).....DRIP 2 shares
  • Inter Pipeline (IPL).....DRIP 1 share

RRSP

  • Aphria (APH).....sold 24 shares
  • Cronos (CRON).....sold 63 shares
  • Canopy (WEED).....sold 9 shares

  • Kraft Heinz (KHC).....buy 25 shares

  • Great West (GWO).....DRIP 1 share

TFSA

  • H&R REIT (HR.UN).....DRIP 1 share
  • Northwest Healthcare REIT (NWH.UN).....DRIP 2 shares
  • Algonquin Power (AQN).....DRIP 5 shares
  • Crombie REIT (CRR.UN).....DRIP 2 shares
  • Artis REIT (AX.UN).....DRIP 3 shares
  • Brookfield Renewable (BEP.UN).....DRIP 2 shares

Friday, 9 November 2018

Moving More Money Around!

Here is a tip for new investors: don't buy any stocks in your RRSP or TFSA unless you really want them in those accounts! Think about which stocks are best for which accounts, in terms of tax breaks, and then buy them. Here is an example of why:

About a year ago, I opened my first-ever investing accounts in my TFSA and my RRSP. I was so eager to max them out that I transferred lots of stocks in without thinking about which account would be most appropriate for each stock. As a result, I have a bit of a mess now that needs to be cleaned up! Here's what I had to do today to clean up some of that mess:

1. Sold all shares of BIP.UN. They were in my TFSA and I discovered that I still get hit with a 15% withholding tax in my TFSA. So I wanted to move them to my RRSP.

2. Sold all shares of CCA and PLZ.UN, which were in my RRSP, to free up the money to buy back BIP.UN.

3. Bought as many shares of BIP.UN as I could afford in my RRSP.

4. Bought back CCA in my TFSA.

5. Bought back PLZ.UN in my TFSA.

6. Bought BEP.UN in my RRSP. I still have this stock in my TFSA but I'm going to hold it until the share price goes up to avoid a capital loss. I will eventually sell all shares in my TFSA to avoid the 15% withholding tax.

After all of this, I still hold the same stocks and have more or less the same amount of money in each. But I had to dish out about $100 in commission charges to do so!

Tuesday, 6 November 2018

Moving Some Money Around

I've made a few changes in my portfolio over the past couple of days. Usually I try to hang on to stocks for long periods of time, but I also want to gradually move my money out of REITs and into dividend growth stocks instead.

Artis REIT (AX.UN) has just announced that it will be cutting its dividend in half. That means its yield will be about 4.5% and, if a stock doesn't regularly increase its dividend, then a 4.5% yield doesn't do it for me. I sold all of my shares--taking a 17% capital loss--and put the money into CIBC (CM) instead. My projected annual dividends only dropped by about $20, which I'm pretty happy about.

I also sold all of my shares of Realty Income Corp (O) and about a third of my shares of Dream Global REIT (DRG.UN). I like both companies, but I think I can do better in the long run with dividend-growth stocks. I used the money from these sales to buy additional shares of Canadian Natural Resources (CNQ) and Sunlife (SLF). I also bought some shares of Brookfield Property Partners (BPY.UN).

My projected annual dividend income is now $13,619. I'm a little disappointed that I won't reach my goal of $14,000 by the end of the year. But my dividends should grow faster now!

Thursday, 1 November 2018

October 2018 Dividend Income

Time for another dividend income report! Nothing particularly exciting happened in October. My dividend income is pretty much the same as it has been recently. It will drop a bit next month because I sold AltaGas (ALA), took a 47% capital loss, and invested the rest of the money into Dream Global REIT (DRG.UN) which has a lower yield. I also discovered that I still get hit with a 15% withholding tax if I hold my Brookfield stocks (BIP.UN and BEP.UN) in my TFSA. So when they go up, I'll sell them and buy them back in my RRSP. Here is a breakdown of the dividends I received in October:

TAXABLE ACCOUNT
TD Bank (TD).....44.89
TransCanada Corp (TRP).....62.79
Keg Royalties (KEG.UN).....8.51
ScotiaBank (BNS).....36.55
CIBC (CM).....65.28
Rogers Sugar (RSI).....79.65
Keyera (KEY).....19.65
AltaGas (ALA).....56.58
Bell (BCE).....68.71
Pembina Pipeline (PPL).....21.28
Inter Pipeline (IPL).....43.54
Extendicare (EXE).....21.88
Dream Global REIT (DRG.UN).....9.20
RioCan REIT (REI.UN).....52.44
Telus (T).....63.00

RRSP
Northland Power (NPI).....6.50
Realty Income (O).....6.26
Cardinal Health (CAH).....22.12
Vermilion Energy (VET).....18.40
Plaza REIT (PLZ.UN).....12.48
American Hotel REIT (HOT.UN).....0.28
Philip Morris (PM).....28.01
Altria (MO).....30.92
Kimberly Clark (KMB).....19.05
Coca Cola (KO).....20.00

TFSA
H&R REIT (HR.UN).....39.10
ScotiaBank (BNS).....81.60
Crombie REIT (CRR.UN).....29.89
Artis REIT (AX.UN).....35.55
Northview REIT (NVU.UN).....23.36
Northwest Healthcare REIT (NWH.UN).....29.93
Algonquin Power (AQN).....66.76
Canadian Natural Resources (CNQ).....17.76

Brookfield Infrastructure (BIP.UN).....0.15 withholding tax

TOTAL: $1141.57
PROJECTED ANNUAL INCOME: $13,684.92 

Tuesday, 30 October 2018

Time to Part with AltaGas

I sold all my shares of AltaGas (ALA) today. I've been watching the share price drop for several months, but I held on to my position anyhow because I figured people were just nervous about the WGL acquisition. But their Q3 results came out today and the share price dropped even more so I decided to sell. As a dividend investor, the share price isn't that important to me. But the stock's yield was already over 10% and it was over 11% when I checked this morning. They haven't mentioned a dividend cut yet, but I'm sure it's coming. I decided I didn't want to wait until that happened. And if/when they cut their dividend, the share price will drop even more and I would have lost even more money. So I decided it was time to get out and I sold all of my shares.

In hindsight, I probably should have just sold half of my shares. I try not to put more than $5000 into any one stock so that my projected dividend income isn't hit too hard when I sell my shares, or the company announces a dividend cut. But for some reason I had more like $10,000 invested in AltaGas. I could have just reduced my position instead of cashing out entirely. But right now, I'm just relieved that I don't have to deal with the uncertainty of that particular stock anymore. I may eventually buy back $5000 worth of shares, but not for a while. We'll see what happens with AltaGas in 2019.

The one good thing about selling AltaGas is that the capital loss should offset my capital gains for the year. I think I'll pretty much break even now.

I put the money from the sale of AltaGas into Dream Global REIT (DRG.UN).

Dividend Income - November 2018

Another good month, and another four-figure dividend income! I wasn't expecting to reach the $1000 mark this month, but I think what hel...