February 2017 Dividend Income

February 2017 Dividend Income

February 2017 Dividend Income

Welcome to our February 2017 dividend income report, a pretty good month all around. Some nice dividend raises and a massive year over year dividend income growth rate

With the purchase we made of more Enbridge stocks we have hit the proposed $1000 total in annual dividends. This is a pretty big mark and is definitely exciting to see. =)

So far 4 of our stocks have announced they will increase their annual dividend

  • Manulife financial raised their dividend 11%
  • Enbridge raised theirs 10%
  • Brookfield Renewables increased theirs 5%
  • Restaurant Brands also hiked the quarterly dividend this week to u.s .18 per share vs previous .17 share

Gotta love dividends!

Dividend Income

  • National Bank            – $20.16
  • Potash of Sask            – $5.91
  • Riocan                         – $7.05
  • Altagas                        – $5.30
  • Extendicare                 – $3.12
  • Sienna Senior              – $2.40
  • Auto Propertys            – $3.62
  • Boardwalk Reit            – $5.44
  • Shaw                             -$2.17
  • Bmo                              -$5.28
  • Corus Entertainment    -$9.79

Feb 2017 Total   = $70.24 (%1293.65 higher yr over yr)

Feb 2016 Total   = $5.04 (Previous Dividend Income)

Totals For 2017

  • Dividends Year To Date Total – $129.66
  • Other Passive Income Year to date – $ 250.00
  • Total Passive Gains for 2017 —– $379.66
  • Year End Goal – $2000.00 ——–%18.98 so far

We increased our net worth 1.6% over last month

  • I sold our position in Hydro one for a slight gain of 3% plus dividends over the yr. This was one of my original holdings and really wasn’t doing to much. Ontario’s hydro bills are insanely expensive and finally Wynne is “noticing”. With this months  bill their were some reductions in charges. I think if the liberals don’t continue to reduce these delivery charges and hydro rates. Next election this will be a hot topic and tip the scales to another parties favor, ultimately reducing rates. I like Brookfield renewable more so I moved the money over there. Give or take $550 total.

  • 1000$ towards emergency fund
  • 26 additional shares of Enbridge for $1474

$3.00 of their 52 week high is not ideal, but I have wanted to add more Enbridge for awhile. If all go’s good and Enbridge purchases Spectrum energy the combination will create the largest energy infrastructure company in North America and one of the largest globally. I consider it to be a core holding. Basically buy this and hold until retirement.

  •  56 more Stocks of Brookfield Renewable for $2211

I’m a little skeptic of the dividend currently, but I believe Brookfield will make another acquisition to continue the dividend at current rates. Renewable’s are the future and are great for the environment, so I love investing in this stuff. Fantastic dividend as well =)

The dividend portfolio continues to grow, I look forward to seeing it in a couple years.


6 Responses

  1. Enbridge is definitely a great core holding. I had an opportunity to buy a couple hundred shares when I was at about $40 last year. I am kicking myself now as I did not backup the truck to load more when I had my chance. I just sold a naked put option for Enbridge with a strike price of $50 that expire on January 2018. I would love to buy it cheaper, if not, then I get to collect $2/share (on three contracts) of free money.

    • Hutz says:

      Hey Leo

      I bought my first position of enbridge back when it was like 40$ It was hard to add when its up 25% year to date. Long term tho. I havent done any puts or calls but interested. Just haven’t read up enough on them.

  2. DivHut says:

    Looks like some solid results for the month of Feb. Nice to see some Canadian banks paying during the month. I’m a big fan of the large Canadian banks and hold TD, BNS and RY myself. As you said, “Gotta love dividends!” Congrats on hitting $1k for an annual total too. Just keep growing!

  3. Solid month. That YoY growth rate is amazing. Nice to see so many different companies paying you even on a short month. I also like the Canadian banks and hope to own a position in some soon but need to raise some more capital first. Looking forward to next month’s update. Cheers!

    • Haha after reading your February dividends. Your year over year growth gotta be higher! Just shows slowly but surely definally works. If I got paid in us dollars I would be eating up canadian stocks. Our dollar is so low at the moment that it makes it hard to buy us stocks. Hopefully that changes soon =)

Id love to Hear What You Think

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