June 2015 Dividend Income Update

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Here we are in the 2nd quarter over, and have the year is through already! Time flies.  In my last update (March 2015) I had just over $5500 of annual dividend income.  Going through the changes to my dividend portfolio took a lot of concentration because of all the changes I made.

This quarter I have close to $5800 in annual dividend income.  I would like to see if I can get $6000 in annual dividend income by the end of the year, which would give me a clean $500 a month in dividend income.

I also managed to keep the dividend payout to 4.50% (which is very close to the 4.51% last update) which is quite interesting.

If I had a million dollars in my dividend/ investing machine portfolio with a 4.5% annual dividend return, I would have $45000 in relatively unscathed-by-taxes income which would be a dream! Retirement here I come, LOL.  I've got quite a ways to go for that, though!

Changes to the Dividend Portfolio

There were quite a few changes to the dividend portfolio, which included dividend increases, addition of dividend paying stocks, and rebalancing/ adding more shares.

The two that had notable dividend increases includes Sunlife (SLF.TO) which increased their dividend from $0.36 a share every quarter to $0.38 a share every quarter.  This represents over a 5% increase in the dividend.  I have 105 shares of Sunlife, and have owned them for a long time (since 2008 I believe).

The other stock that increased its dividend is Bank of Montreal (BMO.TO).  BMO increased its dividend from $0.78 a share every quarter to $0.80 a share every quarter.  This represents a 2.5% increase.  I have 100 shares in Bank of Montreal.

Another major change was the decrease in the CPD shares (triggered a stop loss) and buying of ZPR (also preferred shares) in addition to re-balancing the non-registered portfolio and buying more VUS, VEF, ZDV, and CLF.

I added SNC Lavalin (SNC.TO) a Canadian engineering company that builds all over the world that has recently been priced very low because of recent issues and allegations of corruption.  It pays a little over a 2% dividend and had a recent increase this year.  I bought 25 shares and then 25 more shares.  I also added National Bank of Canada (NA.TO) and bought 50 shares.  It pays about a 4% annual dividend.  I also re-bought Ensign Energy (ESI.TO), I just couldn't stay away haha.  It triggered a stop loss and I bought it at a lower price.  The dividend for Ensign Energy is around 4.8%.

Finally I bought 50 more shares of REI.UN (RIOCAN REIT).  I remember walking near a Canadian Tire in Vancouver and seeing the RIOCAN sign and fancy garbage can.  At first I was annoyed that this particular Canadian Tire charges its customers parking (and heavily enforces the parking) on the rooftop whereas all the other Canadian Tires have complimentary parking.  Then I realized that it was benefiting me because I have shares in REI.UN.  Nonetheless I didn't end up parking on the roof, haha.

If you want to make your own spreadsheet, check out my snazzy ‘step by step guide on how to make a dividend income spreadsheet‘.

Goals for the Dividend Portfolio

Before next dividend update in September, I plan to rebalance the exchange traded funds in my Tax Free Savings Account.  I also plan to increase my annual dividend income to $6000 a year, which is an extra $200 in dividend income than what I have now.  Hopefully it won't be too difficult to achieve.

I might end up buying more Fortis (FTS.TO) (haha I seem to say that with each dividend income update) or more Husky (HSE.TO) since it's dipping down again.

Again, I would love to buy more American stocks to add to my dividend portfolio but I am low on U.S. dollar cash.

For your eyes only… and et voila, here is my most recent dividend screenshot update for June 2015:

Screen Shot 2015-06-05 at 6.34.34 PM

Readers, how has your dividend portfolio been doing?

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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.

5 Comments

  1. Greg on June 22, 2015 at 4:04 am

    Thanks for posting this update! Detailed, very appreciated to see what you’re doing and why, and then a screenshot of your holdings!

    You had Husky before, and now you’re thinking of “buying more”, yet it’s not on your current screen shot 😉



  2. Greg on June 22, 2015 at 4:06 am

    I believe you had 158 of them in February, it might have been cut off and sitting still above your KEG ones 😉



  3. Young on June 27, 2015 at 10:57 am

    Hi Greg,

    Ahh! You’re right, it is above my KEG one and I cut it off when I took the screen shot. Lol. I have 159 shares @ 190.8 annually.



  4. Amer on June 19, 2016 at 11:53 am

    I read & read but really can’t get the how to strat thing! How to pickup my favorite stocks? You guys seems so organized, and am just lost! I hate that my inestments are sitting in aweful mutual funds that I bought 3 years ago and they have been doing really bad until now!



  5. Kyle on June 23, 2016 at 10:07 am

    Hey Amer, check out our Free ETF Book, or guide to Robo Advisors and see if those options make more sense to you.



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