Dividends | February 2018

Dividends never cease to amaze me. In all the years I have been investing, for the first time ever I have received a dividend payment in cold, dark February. In total there were 3 payments, 2 in my TFSA and 1 in my RRSP. My TFSA total is $16.15, $13 coming from Emera, $3.15 from Laurentian Bank and the RRSP payment of $2.68 from Plaza Retail REIT.

I’m going to take a minute to appreciate and relish this moment. A total of $18.83 and my first February dividend ever. My February has gotten a little warmer and a little brighter. This my not seem like much to other investors, but the region of Québec in which I live is fairly poor and an extra $18 dollars can go a long way. The dividends are much more immediate than any government stimulus plan.

2018 TFSA Dividend Total : $21.17
2018 RRSP Dividend Total : $2.68

I’m off to plan next month’s purchases.

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Purchases | February 2018

Last month I purchased Emera (EMA.TO). A great dividend paying company. EMA pays it’s dividend quarterly. However, I figured if I want to hit my 2018 dividend goal of $750 I might want to buy into companies that pay a monthly dividend earlier in the year. This month I was able to scrounge up $1900! I had some money left over from December’s Child Benefit, the dividend of $5.02, $75 unallocated dollars in my TFSA and the money earmarked for investing from January. I mentioned a few posts ago that I wanted to top up my BCE shares, but at the same time I don’t want to spread my dollars out too much and waste money on fees. In the end, I decided against the BCE purchase.

For monthly dividend payers, it was a toss up between Inter Pipelines and some more Plaza REIT. I just recently purchased some PLZ.UN.TO in my RRSP. This time around, I went for Inter Pipelines. In total, I purchased 82 shares at $24.05. Sadly, a few days after purchasing the shares the stock price fell to $22. Oh well! Such is life. I tell myself when things like this happen that it’s okay and I am not in it for the short term. If the company is strong it will continue to pay dividends. Inter pipelines should give me $0.14 per share, or $11.48 per month. That’s more than 50% the current share price! Lovely, isn’t it?

Heather

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