February was an eventful month, lots of price swings and volatility. We decided to use some of this to rebalance the portfolio a bit more in an attempt to get more dividend growth shares. Here is what we did: the February 2018 Dividend Update.
February 2018 Dividend Update
The following stocks were reduced or disappeared from the portfolio:
- 171 shares of CIX (Financial company): we had a rather large position in this company to allow monthly DRIP’s. But found the position a bit too large, so we reduced and took some profit.
- 128 shares of FTT (Finning); this stock went through the roof over the last year. Why sell? Because we had the opportunity to make a good profit (70%!) and reinvest in other shares that were better priced (think utilities and REIT’s). It also increased our portfolio yield while maintaining the money in dividend growth shares. Still think the company is a good buy, and if price come down, we might just do that.
We made the following new purchases:
- 50 shares of EMA (Utility): increase position upon price drop
- 50 shares of FTS (Utility): also added to the position during price drop
- 100 shares of H (Utility): see above 🙂
- 90 shares of H&R (REIT): the rise in interest rates made the whole REIT sector drop, which was a nice time to add some shares. (Note, this is not a dividend growth stock, but the monthly DRIP’s work very well too!)
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All the dividend deposits received into the bank accounts (and correct for exchange rates) sum up to a total dividend income of about €368.89. This is respectable increase of 7.6% compared to last year. Unfortunately we did see another worsening of the EUR/CAD exchange rate in February. In Canadian dollars the dividend actually grew by 19.7% from a year ago. Now that is dividend GROWTH investing 🙂
The stats for last month:
The graph below is showing the yearly dividend totals for 2015, 2016, 2017 and the YTD for 2018. We received €917 in dividends so far for 2018.
Dividend Stock Overview
Our dividend portfolio now contains 36 companies with a total of 8.954 shares. The ones with a keen eye among you will see NTR noted twice in this overview, this is due to the merger of POT and AGU (we each had one of these in our RRSP accounts). Since I’m lazy (and have the spreadsheets setup to provided an overview of both our accounts individually), this probably won’t change soon.
We generally try to keep the weight of companies within our portfolio below about 5%.
The portfolio looks like this:
Dividend Sector Breakdown
When you breakdown the previously shown dividend stock overview by sector, it looks as follows:
I’m reasonably happy with the distribution, but there is still some work to do. Since markets change, rebalancing will be an ongoing theme.
How did you do in February?