After the stellar March and April dividend updates, we were due for another slower month. At least, that is what we thought! But we were surprised by the results. Here is the May 2017 Dividend Update.
Monthly Dividend Update
The following shares were added last month:
- 100 H (Hydro One – Canadian Utility provider)
- 100 BOS (deviated from the rules here, not a great move! So this one may sting a bit. Will use for options and its dividend in June)
- 100 ABN (also for options trading and it’s dividend in June)
We also have tons of DRIP shares including AAR.UN, CJR.B, DRG.UN, PLZ.UN, GS, CIX, SJR.B and a few more.
We also sold about 150 of LIQ (had over 500 shares). We had the option to sell with a limited loss and reinvest into better growth shares. LIQ is the largest liquor retailor on the Toronto stock exchange. Always had a very high dividend, but cut to a third a while back due to issues in Alberta. This was one of our first purchases when we started investing in dividend stock, but not one of our best selections. Should have paid more attention on the pay-out ratio! Lesson learned.
Once we added up all the deposits received into the bank accounts (and corrected for exchange rates), the total comes to: ~€420. That is a 33.3% increase from a year ago. Pretty happy with that.
The graph below is showing the yearly dividend totals for 2015 and 2016, and a year-to-date dividend total for 2017. We are now over half way the 2016 income and we are not even half way the year!
The “Dutch” dividend income (AH, ABN, BOS, UNA and RDSA) are all after taxes (15%). The rest are held in RRSP’s and are not taxed (we will pay withholding tax when we withdraw from the account, but the dividends are not taxed themselves).
Dividend Stock Overview
Our dividend portfolio still contains 47 companies with a total of 11.292 shares and looks like this (up 1.651 shares from a year ago):
Dividend Sector Breakdown
When you breakdown the previously shown dividend stock overview by sector, it looks as follows:
How was your May? Did you have a bit of a surprise too?