August 2017 – Dividend Update
Another month in the books! Since I’m not expecting any more dividends in August (and a prolonged vacation is coming up), I’m releasing this update slightly before the actual end-of-month.
As mentioned in the July update, I now have a TFSA and an RRSP as the result of a transfer. Here are the dividends I have received in August 2017 from both of these accounts:
TFSA:
- Financial 15 (FTN): $168.44
- Enbridge Income Fund Holdings (ENF): $10.09
- Park Lawn Corp (PLC): $19.91
RRSP:
- Financial 15 (FTN): $439.95
Total: $638.39
Last year, in August 2016, I had received a total of $597.22, which represents a YoY increase of 6.9% (see graph).
I’m up to $5050.59 for the year (see graph). So, I have $2949.41 left to go if I want to reach my 2017 goal of $8,000. In other words, $737.35 per month until the end-of-year. I expect September will be a >$700 month (my first, actually) but, I am confident this will not be enough.
Plan:
1- The newly acquired shares in Rogers Sugar Inc (RSI), Dream Global REIT (DRG.UN), and Savaria Corp (SIS) will pay dividends in the upcoming months.
2- I will try to find additional capital to purchase some more shares of Dream Global REIT (DRG.UN) and increase my position by about 40%. The reason being that I currently do not have enough to complete the DRIP cycle with a share purchase. With the monthly dividend, I will currently receive about 60% of the share price. (The REIT also offers a 4% DRIP discount, sweet!). I will unleash the compounding machine!
Anxious to hear about your month, guys!
Cheers,
-DI
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Early on posting. Nice you are taking a vacation. I have mine next week so I may have to delay my results post a few extra days. Nice month. Glad you have already surpassed last years dividends. Keep that snowball rolling!
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Thanks! I can’t wait for September 🙂
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Nice ! Continue to build that wealth ! I freaking love it!
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Thanks! I love keeping track via blog, it’s kicks me in the butt to actually achieve my goals! 🙂
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Thanks! Yes, it will be good to recharge the batteries a little bit!
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Nice increases in dividend income since 2016, month on month, and solid commitment to DI. It seems a ton of bloggers are releasing their August Dividend Updates early!
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Awesome DI! Nice increase on yearly dividends, only 2/3’s of the way through 2017 and you’re already above 2016…great result.
WF30
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Thanks! Wait and see September heheh 🙂
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Can I ask questions here?
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Not sure I’ll be able to answer (or qualified to…) but yes you can ask anything!
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That’s a very strong showing for the month of August. Nice to see you managed a year over year gain as well. That’s what dividend investing is all about…. growing that passive income stream. Thanks for sharing.
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Thank you my friend! It feels so rewarding to see and monitor the growth every month 🙂
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FTN is doing great for you. Hope it stays like that! Otherwise, you will have to diversified :p
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I know haha! I have been working on diversification for a while now. Every contribution I make goes to a new position mostly. I’m leaving FTN as is, on the back burner (can’t even think of selling part of that position… oh sweet dividends)
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Great job dude, the growth from 2014 has been crazy haha
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Thanks! Yes I really kicked it into gear in 2015-16 🙂 Thanks for commenting 🙂
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Awesome month! Congrats on $638.39 worth of dividends on 6.9% YOY growth!
I like that you’re holding Enbridge Income Fund Holdings (ENF) too. One of the main stocks from my September report was ENB. Thanks for sharing! I’m looking forward to your September income report! Take care.
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Thanks! I can’t wait to post the September one 🙂 Record are meant to be broken!
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