Wednesday, 1 May 2013

April 2013 Dividends - Over $500 in dividends!!!


APRIL 2013 DIVIDENDS – Hit $500 in dividends in April!!!

As you know, this is my favorite time of the month: reporting on my dividends. This is money that I didn’t have to go to work to earn. Money that was added to my brokerage account and that is being used to reinvest into new purchases. Money that provides me strength to one day become financially independent and work on my own terms. Given my circumstances, once I earn about $25,000 a year in dividends, I believe that I will feel financially independent.


Dividends earned in April: $513.37
Dividend earned so far in 2013: $1397.13

Here is a breakdown of the dividends I earned in April:

NAME OF COMPANY
DIVIDEND


NON-REGISTERED ACCOUNT





Chorus Aviation
$105.00
BCE
$27.96
Genivar
$26.25
Capital Power
$15.75
Bank of Nova Scotia
$9.00
WesternOne
$7.50
Shoppers Drug Mart
$8.55
Andrew Peller
$11.25
Crescent Point Energy          
$10.81
Pembina Pipelines                
$7.83
BTB Reit                              
$7.33
Just Energy Group              (1 DRIP)  
$11.76
Student Transportation         
$7.88
Pengrowth Energy                 (3 DRIP)               
$17.60
Shaw Communications         
$7.31
Baytex
$22.00


Sub-total:
$303.33


TFSA ACCOUNT



AGNC Reit
$30.82
Annaly Capital
$19.51
Partners Reit                          
$2.56
High Yield Mortgage Trust   
$15.63
Skylon Growth & Income     
$5.83
H&R Reit
$2.53
Innvest Reit (1 DRIP)                           
$5.33
Extendicare Reit (1 DRIP)                     
$13.23
Pure Industrial Reit  (1 DRIP)               
$5.49
Armour Residential Reit        
$13.81
Cominar Reit
$6.00
Northwest Healthcare Properties Reit
$5.33
Healthlease Properties Reit
$6.37
XDV Ishares ETF
$1.33


Sub-total
$133.77


RRSP ACCOUNT



Merck
$13.86
Altria
$20.25
General Electric
$21.44
Northern Properties Reit                  
$3.06
TD High Yield Bond Mutual Fund  
$7.40
TD Monthly Income Mutual Fund   
$10.26


Sub-total
$76.27


TOTAL DIVIDENDS IN APRIL 2013
$513.37

My going-forward yearly dividend income is currently: $5191.80 (or $432.65 per month).

New purchases in April include: $13,146

·      18 additional shares of Bank of Nova Scotia in non-registered account. Purchase price of $57.08 per share for a total of $1027.
·      30 additional share of Crescent Point Energy in non-registered account. Purchase price of $$36.72 per share for a total of $1,101.
·      44 shares Suncor at $28.19 per share for a total of $1,240.
·      40 shares of Suncor at $27.67 per share for a total of $1,106
·      35 more shares of Crescent Group Energy at $35.74 per share for a total of $1,250.
·      45 shares of Barrick Gold at $25.00 a share for a total of $1,125.
·      42 shares of Baytex Energy at $38.53 per share for a total of $1,618.
·      15 shares of National Bank of Canada at $72.41 per share for a total of $1086.
·      100 shares of WesternOne at $8.02 per share for a total of $802. I now hold 250 shares.            
·      22 shares of TD Bank at $81.06 per share for a total of $1,783.
·      2 shares of XDV ETF at $21.63 per share for a total of $43.26
·      1 share of XDV ETF at $21.93 Per share for a total of $21.93
·      50 shares of Northland Power Utility $18.87 per share for a total of $943

I have filled my quote of resource stocks for now. Being a Canadian investor leaves me with fewer choices. I am now trying to convert more Canadian funds to USD dollars (as the dollars are nearly on par) and will wait to find interesting US opportunities in my non-registered account.

The total value of my Financial Independence Fund is currently at: $118,760
That’s an increase from last month’s value of $103,861

12 comments:

  1. Dividends in an RRSP account do NOT count. You cannot spend the dividends in this account on anything besides purchase more shares in the RRSP. If you take money out, you get a withdrawal fee, and I assuming you do not do that.

    ReplyDelete
  2. Well first off, I don't withdraw any of my money at the moment because I am still in the accumulation stage. I plan on only adding to my accounts until I reach my cross-over point, which is at least another 5 years.

    Second, I can spend dividends in my RRSP. There is no withdrawal fee. Withdrawals are subject to income tax. However, If my annual income is only $15,000/year then the income withdrawn from my RRSP account will be minimal.

    ReplyDelete
    Replies
    1. I am quite sure there is a 10% withdrawal fee for taking money out of an RRSP directly. I took money out of mine years ago, and I paid of withdrawal fee. And I also had to pay income tax on it come tax time.

      Delete
  3. Congrats! That's fantastic. You definitely beat me to the $500 in one month mark. Keep up the great work!!

    Best wishes.

    ReplyDelete
    Replies
    1. Thanks DM. You are well on your way to the $500 mark yourself. It's amazing to be receiving such amazing income.

      Take care!

      Delete
  4. Great Month! $500 in dividends is an amazing achievement.

    ReplyDelete
    Replies
    1. Thanks. I will now be hitting over $500 per month at least four times a year. :)

      Delete
  5. Thanks DM. $500 is money that I didn't have to work for and money that gets reinvested. You will get there very soon.

    Gareth: thanks. It's amazing to see $500 added to my brokerage accounts.

    ReplyDelete
  6. well done! do they pay dividends monthly in Canada? Here in Australia they are paid quarterly.

    ReplyDelete
  7. Hi Louise, most companies pay dividends on a quarterly basis here in Canada like in Australia; however, there are hundreds of companies in Canada that also pay on a monthly basis. I love them dividends regardless of whether they are monthly or quarterly.

    ReplyDelete
  8. Gotta love those dividends coming in. Money you have to physically work for. Wish I would of started when I was young.

    ReplyDelete
    Replies
    1. I absolutely love those dividends. This is money that is paid to me whether i'm working long stressful hours at work or on holiday and enjoying myself. Those dividends should eventually sustain a lifestyle that will allow me to do things on my own terms. I'm happy i started a few years back and to be where i'm at 32.

      Delete

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