Dividend Income – Mar 2017 Update

Spring is here and that means A LOT OF RAIN in Vancouver. Thanks to daylight saving kicking in, spring also means longer daylight in the evenings when I get back from work. This is one of the things why I like spring so much. With all the snows that we got in Vancouver this winter & early spring, cherry trees are just blossoming. I’m looking forward to seeing all the beautiful cherry blossoms around town.

A few weeks ago we purchased a small green house (6×8 feet). The greenhouse arrived a few days ago so we have been busy setting it up in the garden. Mrs. T can’t wait to start planting some tomatoes, bell peppers, and other produce. Hopefully we will be even more self-sustained this year when it comes to produce, herbs, and veggies.

March Dividend Income

In March 2017 we received dividend income from the following companies:

  • Pure Industrial REIT (AAR.UN)
  • Brookfield Renewable (BEP.UN)
  • BP plc (BP)
  • Care Capital Properties (CCP)
  • Corus Entertainment (CJR.B)
  • Canadian National Railway (CNR.TO)
  • ConocoPhillips (COP)
  • Chevron (CVX)
  • Dream Office REIT (D.UN)
  • Dream Global REIT (DRG.UN)
  • Dream Industrial REIT (DIR.UN)
  • Enbrdige (ENB.TO)
  • Evertz Technologies (ET.TO)
  • H&R REIT (HR.UN)
  • High Liner Foods (HLF.TO)
  • Intact Financial (IFC.TO)
  • Intel (INTC)
  • Inter Pipeline (IPL.TO)
  • Johnson & Johnson (JNJ)
  • KEG Income Trust (KEG.UN)
  • McDonald’s (MCD)
  • Manulife Financial (MFC.TO)
  • Magna International (MG.TO)
  • MCAN Mortgage Corp (MKP.TO)
  • Prairiesky Royalty (PSK.TO)
  • Qualcomm (QCOM)
  • Royal Dutch Shell (RDS.B)
  • RioCan REIT (REI.UN)
  • Saputo (SAP.TO)
  • Smart REIT (SRU.UN)
  • Suncor (SU.TO)
  • Target (TGT)
  • Unilever plc (UL)
  • Visa (V)
  • Ventas (VTR)
  • Vanguard Can All Cap (VCN)
  • WestJet (WJA.TO)
  • Waste Management (WM)
  • Exco Technologies (XTC.TO)

In March 2017 we received a total of $1,171.92 in dividend income from 39 companies. Wow I can’t believe our March dividend income was that diversified. Once again we were very close to reaching the $1,200 per month milestone, only $28.08 short. There’s always next month right? 🙂

Out of the $1,171.92 dividend income received in March, $327.23 was in USD while $844.69 was in CAD. This was roughly an 20-80 split between USD dividend and CAD dividend. Please note, we use a 1 to 1 currency rate approach. Therefore, we do not convert the dividends received in US dollar into Canadian currency. Reason for doing this is to keep the math simple and avoid fluctuations in dividend income over time due to changes in the exchange rate.

Top 5 dividend payouts were Suncor, Manulife Financial, Intac Financial, Enbridge, and Chevron. The top 5 dividend payouts account for 33.7% of the monthly dividend income. As you can see, this month’s dividend income came from many different sources and the dividend income was very well diversified. This is really great to see. Why? Because this means if one companies decides to reduce or freeze dividend (god forbid!), our dividend income wouldn’t reduce significantly.

Dividend Growth

Compared to March 2016 we saw a YOY growth of 23%. It’s great to see this number above 20%. Our effort of saving money so we can add fresh capital to purchase more dividend stocks definitely have paid off.

Dividend Increases

In March a number of  companies that we own in our dividend portfolio announced dividend increases:

  • Canadian Natural Resources raised dividend by 10% to $0.275 per share.
  • TD raised dividend by 9.09% to $0.60 per share.
  • Qualcomm raised dividend by 7.55% to $0.57 per share.
  • Magna International raised dividend by 10% to $0.275 (US) per share.
  • Intel raised dividend by 4.81% to $0.2725 per share.

All these raises have increased our annual dividend income by $68.12.

Dividend Stock Purchases

In March we made a few purchases to add new dividend stocks to our dividend portfolio. We added

  • 120 shares of Hydro One (H.TO)
  • 10 shares of Canadian Tire (CTC.A)

You can read more about these purchases here. Since beginning of 2017 we have deployed over $18,000 in new capital. We plan to continue deploying cash to add more dividend stocks.

If you are new to dividend growth investing, you might want to check out the Dividend FAQ that I have put together.

Conclusion and Moving Forward

So far in 2017 we have received a total of $3,475.84 in dividend income. Given our dividend goal of $15,000, we are slightly behind on progress. We should be at $3,750 by end of March, meaning we are about 7.3% behind progress. We definitely have some work to do to make up this difference moving ahead.

Dear readers, how was your March dividend income?

Written by Tawcan
Hi I’m Bob from Vancouver Canada, I am working toward joyful life and financial independence through frugal living, dividend investing, passive income generation, life balance, and self-improvement. This blog is my way to chronicle my journey and share my stories and thoughts along the way. Stay in touch on Facebook and Twitter. Or sign up via Newsletter