I have finally put my dividends onto a graph and seeing the progress visually is very satisfying. I am going somewhere and it is in the right direction. Up, up, up!
Now down to the nitty gritty…
Laurentian Bank – $3.20 (Laurentian had a nice dividend increase last quarter from $0.63 to $0.64)
Emera – $23.17
Inter Pipeline – $11.48
Transalta Renewables – $6.66
Plaza Retail REIT – $6.67 (Plaza had a dividend increase from $0.0233 per month to $0.02333 back in April this year)
Bringing this month’s total to $51.18. Looking at my monthly budget, this would cover my internet bill of $46 plus a couple coffees.
Using Plaza Retail REIT as my guideline, I calculated my family would need $555,000 invested for our dividends to provide roughly $3000 a month, covering all of our current expenses in today’s dollars. This would allow my husband to stop working, and I could go back to work for fun. (See ya sucker! Have fun with that laundry and dishes! Hahaha, just joking he already helps. Or am I? Mmm…)
August Dividend Total
2018 Dividend Total: $462.16 2018 RRSP Dividend Total to $39.13
Holy smokes! Did I go crazy this month? I had money for June, July and August just sitting there waiting to buy stocks. And boy, did I spend it.
I made 4 purchases in my TFSA. Three of which I am happy with and one I am not 100% sure about in terms of dividends and growth.
So, this August I bought…
10 BCE (top up)
10 Laurentian Bank (top up)
43 Riocan REIT
31 Canadian Utilities
Canadian Utilities is by far my best purchase. It has a good track record of dividend increases and the share price growth is nice and steady.
The one purchase I think I could have done a bit more research on, is Riocan. After looking through it’s dividend history and growth, I think I could have made a better choice. The last dividend increase was in 2013. I only realized later it is not even a Canadian dividend aristocrat. Oops.
Do any of you own Riocan REIT? Am I doomed in terms of growth?
I am finally passing the $400 mark towards my goal of $750 in annual dividends and I feel as though I am in the home stretch.
Here is my takeaway for not making June and July purchases.
It’s okay. The world will not end, and I still get paid. My account still grows even if I am unable to add new money. I still get pay raises (as my dad would say), even though I do not technically work outside the home for a salary. And lastly, I got a bigger pay raise this month than my husband, hahaha. Thank you RBC! (I hold RBC in another account which I will post on later in September)
May ended with my 2018 dividend goal at $234.77. However, my June dividends brought me a huge boost! My Enbridge DRIP brought in $135.93 which was then reinvested, purchasing 3.45 shares at $39.37. Bringing my total holdings to 204.041 (Love that third decimal point!)
My TFSA had three dividend payers – Fortis, Inter Pipeline and TransAlta Renewables, which paid as follows: