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:
- Financial 15 (FTN): $168.44
- Enbridge Income Fund Holdings (ENF): $10.09
- Park Lawn Corp (PLC): $19.91
- Financial 15 (FTN): $439.95
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.
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!
Money Lover, Dividend Growth Investor, Youtuber, and Blogger!