Dividend Income Update March 2014

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As some of you dividend lovers may have noticed, I haven't posted an update on my dividend portfolio in a while.  In October, I had some lofty ideas on what to do to increase my dividend income.  I thought it would be timely to give you another update (thank goodness for this blog as it keeps my accountable- otherwise, I can't predict when I can find the time to update my dividend spreadsheet!) on my dividend income progress.

I have a few updates (it is so tedious to update the excel spreadsheet, that's why I'm planning to do this only every 3-4 months) to share with you guys, but they aren't anything major or anything.  Some companies increased their dividends (like clockwork, might I add), most stayed the same, and one company cut their dividend payout.  I also bought a few more shares (though I would have liked to have done more, but I haven't been able to find the time to).

  • For one, NLY (the US REIT) that I had initially bought ended up triggering a stop limit order that I had set for -10% of the purchase price. Therefore it sold automatically.  I am considering re-buying it at the reduced price for for a lower number of shares (maximum 100 this time)
  • I am considering buying some shares in AT&T (NYSE: T) the dividend yield is a robust 5.72% (maybe a little too high actually) and it is very close to the 52 week low- of course, I would put this in my RRSP because of the taxes involved if I were to put it in my non-registered account.  I would only buy under 50 shares in this.
  • Another update includes buying 50 more shares of Fortis (TSE: FTS). While updating, Fortis has reliably increase its dividends per shares to $0.32/share from $0.30/share. One of my favourite stocks was on sale, so I thought it would be good to buy more (honestly, I have a problem buying things on sale- toothpaste, clothes, stocks… perhaps it is the hoarder mentality ingrained in me, I don't know)
  • For some reason, my Excel spreadsheet was inaccurate (as some of you may recall, I am terrible at Excel) and listed the dividend income for Telus (TU) to be 100 shares worth instead of the 50 shares that I actually had. So I updated that and saw a decrease in my annual dividend income.
  • Transalta recently announced that they will cut the dividend from $0.29 per share to $0.28 per share after a reported loss in the fourth quarter.
  • The exchange traded fund CPD isn't doing that well, but the dividends are ok and have offset the losses that I have had (well, imaginary losses since I have not sold)

My future plans include:

  • Buying more exchange traded funds (ETFs)
  • Research some good dividend paying stocks for the roughly $6000 in cash that I currently have in my TFSA Tax Free Trading Account
  • Research some US stocks for my registered retirement savings plan portfolio (RRSP)- as mentioned above, I am thinking about buying some AT&T shares
  • Although I had over $5000 in annual dividend pay outs earlier in October, things have changed and I would like to achieve this goal again but ensure that it is sustainable (for example, the high yield of the US REIT NLY was very attractive but also very volatile)
  • My current annual dividend income is just over $4500- I would like to see this over $5000, maybe even around $5500 if I am ambitious!
  • I am going to look into selling Transalta (TSE: TA) depending on how it performs and how much I am up or down in the stock.  I only have 100 shares anyways.
  • Ensure that my stock limit orders are set for each of the equities that I hold- I usually set it to about a decrease of 10%.  For some of my favourite ones, like Fortis (TSE: FTS) I am a little more lenient with this one because it is the dividends that I want in the long term, not the fluctuation in the price

Alright, here's an updated list of the dividends that I have.  Check out the laborious dividend income spreadsheet screenshot below!

Readers, how is your dividend portfolio coming along?

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Young is a writer and former owner of Young and Thrifty and the main "twitter' behind Young and Thrifty's twitter account. She lives in Vancouver, BC and enjoys long walks on the beach, spending time with her anxious dog, and finding good deals. If you like what you read, consider signing up for email updates.

2 Comments

  1. Marvin on March 23, 2014 at 4:53 pm

    My dividend portfolio is doing quite well, I use to own NLY but decided to dump it once the risk of rising rates presented itself. I think going with ETFs is a safe bet but I would maybe wait on pulling the trigger for AT&T I think you’ll be able to get in at a much better price once a market correction occurs.



  2. Young on March 27, 2014 at 10:40 pm

    @Marvin- sounds like we think alike! 🙂 Except I bought AT&T already lol



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