Purchases | May 2018

Back from a lovely holiday visiting friends and family in the UK. A bit behind my postings, so now I am playing catch-up!

With my $1000 monthly TFSA deposit and some leftover dividends in my cash account, I topped up my holdings in Fortis by adding 24 shares at a cost of $41.73 each this past May. This brings my total holdings in Fortis to 26.

Also, in my RRSP I purchased 51 extra shares of Plaza Retail REIT at a cost of $4.28 per share. Bringing my holdings to 286.

I am so glad to top up my Fortis. It is one of the top 15 North American utility companies and we always need power and heating. I am happy to have more of it in my portfolio.

More to come soon!
Have a lovely summer.


Dividends | April 2018

Long overdue, my April dividends are here.

My TFSA paid the following:

BCE $5.29
IPL $11.48
RNW $6.66

In my RRSP, PLZ.UN.TO paid a beautiful $5.48.

Bringing my annual dividend total to…

2018 Dividend Total: $190.31
2018 RRSP Dividend Total to $13.64.

Go me go 🙂

Purchases + New Experiment | April 2018

A blessed Easter to all of you!

No new companies added to my TFSA portfolio this month. I ended up splitting this month’s purchase between 2 companies I currently hold, Emera and BCE. Also, I have started a new experiment in my Canadian Shareowner account, which I will explain further down.
I purchased 18 more shares of Emera at roughly $40 per share. I think this is a good price and a nice yield at 5.48%. This purchase brings my total shares in Emera to 41. And, I’ve managed to squeeze in before their ex-dividend date of April 30th. Dividend check in May! Woohoo!
BCE was my second choice. I only held 7 shares and had been planning to beef it up eventually. So, I took the cash that was left in my TFSA and bought 6 more shares. Bringing my total to 13 shares and a current yield of 5.57%. Not too shabby.

New Experiment

The last experiment in my Canadian Shareowner account lasted almost 9 years. Although I put roughly the same amount of money into RBC and Berkshire, their outcomes were different since RBC had dividends which were reinvested and Berkshire had no dividends and thus no reinvestment.
However, now I want to try something new. Every month going forward I will be purchasing $100 of one company (minus commission fees of course), and each month I will buy a new company without injecting new money into the companies purchased the month prior. Does that make sense? Since Canadian Shareowner allows fractional purchases and dividend reinvestment I am curious to see how quickly multiple single purchases will grow over time. Technically, I will only be purchasing twelve companies per year, but next year I may decide to change my goal and put more money into this experiment. So, to start off this new endeavour I purchased 1.1409 shares of the Bank of Nova Scotia (minus $9.95 in commission fees). What will this purchase look like in twelve months time? In 5 years? We shall see!
Happy investing,

Curious Experiment | Heather’s Dividends

In the beginning of 2009, I was twenty-two years old, just out of University and the American sub-prime mortgage kerfuffle was well underway. I had a little money to spare, but back in 2009 in order to set up a self-directed discount brokerage account one needed a large deposit. Something I did not have. Except at Canadian Shareowners a co-operative investing service. I bought two companies, Royal Bank of Canada and Berkshire Hathaway Class B. Royal Bank (at the advice of my dad) was chosen since I did not have any banking stocks. Berkshire was my choice. I did not choose it for dividends since there are none, but because I wanted to be a part of the “club.” Being a part of the “club” meant I would receive the annual shareholder’s package and an invitation to the annual shareholder meeting in Omaha, Nebraska (I was hopeful that one day I would go before Charlie Munger and Warren Buffet die, but alas, it has yet to happen).

At the time I purchased them, Royal Bank was trading at around $26 CAD, and I was able to purchase just over three shares (a total of $86.99 CAD). Berkshire was trading at roughly $2384 USD and I was able to purchase a fraction of a share, or 0.027 to be exact ($64 USD). All the dividends from Royal Bank were reinvested, while Berkshire had no reinvestment or dividends.

After 8 years, this is what has happened. And please ignore the Bank of Nova Scotia! 😐

My $173 CAD turned into $785 CAD. And this is with all the wonky ups and downs the TSX is having at the moment and of course inflation. Not too shabby, …for me not doing anything. 😏

Below is a snapshot of the growth of these two purchases from February 2009 to December 2017.

The moral of the story is… I should become a Fund Manager 😜 and market my Royal Bank and Berkshire Class B Fund and claim phenomenal annual returns!


However, no matter how little I invest it is better than nothing even over the medium term (8 years). I am only 32, so imagine what can happen over the next 8 years. Or, if there is another market correction and I purchase more shares at a discounted price?

Wonderful, isn’t it!

Happy investing,

Dividends | March 2018

March dividends have rolled in!

First up is my trusty ole’ Enbridge coming in at $133.38 for the first quarter. My holdings are now standing at 200 shares.

In my TFSA, my 2 shares of Fortis a small but consistent $0.85. My first dividend from InterPipeline at $11.48. Lastly, in my RRSP, Plaza Retail REIT at $5.48.

Bringing my annual dividends total to…

2018 TFSA Dividend Total : $166.88
2018 RRSP Dividend Total : $8.16

Counting only the dividends in my TFSA, I still need $583.12 to reach my goal of $750 in annual dividends. I am 22% of the way there 🙂

Happy Easter!

Purchases | March 2018

March break, colds, Easter and God knows what else has kept me away from posting, but alas I am here to tell you two words, Transalta Renewables. I bought Transalta Renewables. Eighty-five shares to be exact.

Why? I have no idea why.

Oh, wait yes I do. Growth potential and dividends. Here in Ste-Clotilde I see them everyday. Not Transalta exactly, but their potential. Just a stones throw away on Covey Hill and in St-Remi there are windmills. Giant, giant windmills. As well, with the way things are going with policymakers in Canada and the desire for “diversified” sources of energy, Transalta was my choice purchase this month.

Do you own them? Why? Why not?


Oh, and I bought around $100 CAD worth of Bank of Nova Scotia through Canadian Shareowners. However, I need to save this for another post!

Until next time, happy investing!

Cominar | Dividend Cut

I logged into Twitter on Saturday to see what was going on in the world and I noticed a lot of tweets about the REIT Cominar. It ends up management has decided to decrease the stock’s dividend to $0.06 cents per unit. The few dividend investors that I follow online (and who probably own more stocks than I do) were visibly upset about the dividend cut and threatened to sell their shares the following Monday when the stock market opens again.

Although I don’t currently own any shares in Cominar, I started looking into what their management was trying to achieve with these dividend cuts. For one, they need to get their debt ratio below 50%. As of December 31st, 2017 it was at 57.4%, up from 52.4%. But I get it. They need to stop the financial bleeding. Too much is going out in dividends compared to what they actually earn. My husband and I had the same problem while we were paying for our son’s ABA therapy. We were hemorrhaging money it was so expensive. Think $6k per month in medical expenses. However, once our son’s therapy ended, we had to tighten our belts again, even more so than before to get back on our feet.

I do think there is ‘dividend hope’ for Cominar. They need to cut their dividend to insure they can continue paying dividends in the future. In fact, if I get a chance to take a closer look at their numbers  (remember, I have four kids) I might even consider adding them to my nascent portfolio in spite of the recent news. I live in Québec where Cominar has a huge stake, and Québec is steadily growing. A few areas that immediately come to mind are Vaudreuil, St-Remi, and the northern part of the Montérégie region in general. The growth they are currently experiencing is impressive.

Here is a link to the recent news on Cominar where I gathered some of my information.

Tell me what you think of the news. Is Cominar a part of your portfolio?


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.

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?


Dividend Motivation? Not Early Retirement! | My Opinion

Many dividend blogs on the internet have a similar goal when it comes to dividend reinvesting – quitting the rat race and retiring early. Here’s the thing, early retirement is not motivating enough for me to invest. Why? I’m not even in the rat race! In fact I cannot wait to rejoin the labour market. However, the cost of working currently keeps me from returning to work… if that makes sense?

What motivates me is replacing the Child Benefit subsidy. It is a bit ridiculous the amount the government sends me each month. It is equivalent to working 40 hours a week at $10/hour without taxes. Granted, I have four kids and we are considered “lower income”. To my supposition, the amount the government came up with is based on people having fewer kids (i.e. lower benefit amount), childcare costs and super high living expenses in urban areas where most Canadians live. However, there is a hitch to receiving this money. If I were to join the labour market and pay for daycare in Québec, I would have to earn substantially more income than $10/hour to come out with the same amount in disposable income. “But Québec has $7-a-day daycare Heather?” you ask.

Well… that’s not really the case. The government run daycares or CPEs are on a sliding scale according to income. In rural Québec, there are very few CPEs and even fewer spaces. If I were to send my kids to a private daycare I could apply for a monthly tax return. Once you start working, your family income increases and you would then receive less in the monthly tax return. Last year, I did send two of my kids to daycare while I was pregnant and it cost me around $82 per day. Cheaper than Ontario but it would completely wipe out the child benefit I receive. As well, this does not include before or after school care for my other children which I would require should I go back to work.

The marginal savings of a couple hundred dollars per month are not worth the hassle. So this begs the question, why not just mooch off the government? Well, taxes of course and freedom of choice. First and foremost if income taxes and sales taxes were lower in Québec there would be less need for high child subsidies. People would just have more disposable income in general. Second, freedom of choice. Which may seem weird to some but hear me out. I should be free to have children without government interference. Should I decide to have 10 kids, I do not want that decision to be based off some government financial incentive program.

Therefore, replacing my Child Benefit with my dividends is the goal. If I am able to replace the Child Benefit with my dividends, in particular those from my TFSA, my dividends would render the Child Benefit inconsequential to me. Does this make sense?

Benefits can decrease, disappear and are generally unpredictable with each passing government. Besides, this is not ‘earned’ income but taxpayer money and should be treated with more respect than disposable income.