November 2017 Dividend Update

How about a November 2017 Dividend Update? Not really a month that stands out, but we still have quite a few monthly payers that even make this month interesting.

Monthly Dividend Update

We had a sell order in place for UFS (Domtar Corp) that triggered on the last day of the month. It’s not a bad company, but we found that our position (in terms of value) was a bit too high for our likings. If the price would come down again, we might pick it back up. In the mean time we will spread some of the proceeds around to other companies that have more growth potential (both in value as well as in dividend growth).

One monthly dividend payer (temporarily?) stopped paying, being LIQ (liquor stores). They are not doing well and have already cut their dividend big time a while back. They are also restructuring and have been selling their US assets. We have previously unloaded some of these shares and are considering to now sell the remaining shares.  Perhaps it’s time to take our losses and move on? We are considering to wait a while to see if the restructuring causes share price increase.

We continued to DRIP as many shares as possible (no fees and some share price discounts!). These include the usual monthly dividend payers such as (and a few quarterly payers too such as BMO, RBC, FTT and EMA):

  • AAR.UN (REIT);
  • CJR.B (Communication Services);
  • CIX (Finance);
  • DRG.UN (REIT);
  • SJR.B (Communication Services);
  • HR.UN (REIT); and,
  • PLZ.UN (REIT).

Don’t forget to check out the community updates at the Dividend Diplomats and Easy Dividend.

November Dividends

All the dividend deposits received into the bank accounts (correct for exchange rates) sum up to a total dividend income of about €422. This is an decrease of about 2.8% compared to last year. Wait, what? A decrease? Yes, but this is only driven by the exchange rate, in CAD terms we actually saw an increase of 4.8% in YoY dividend increases. We are not worried yet 😉

The stats for last month:

November 2017 Dividend Update - Dividend Income

November 2017 Dividend Update – Dividend Income

The graph below is showing the yearly dividend totals for 2015 and 2016, and a year-to-date dividend total for 2017. It’s starting to really look pretty, doesn’t it? We should crack that €7.000 barrier by the end of the year. However, because we sold RDSA before the dividend record date, the December dividend income will be significantly lower than last year.

November 2017 Dividend Update - Yearly Dividend Overview

November 2017 Dividend Update – Yearly Dividend Overview

The “Dutch” dividend income (AH and UNA) 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 contains 42 companies with a total of 11.208 shares (up 986 shares from a year ago).

It looks like this:

November 2017 Dividend Update - Dividend Overview

November 2017 Dividend Update – Dividend Overview

Dividend Sector Breakdown

When you breakdown the previously shown dividend stock overview by sector, it looks as follows:

November 2017 Dividend Update - Sector Allocation

November 2017 Dividend Update – Sector Allocation

How was your dividend income, any good surprises for you too?

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8 comments

  1. Don’t sweat the decrease Team CF. You continue to crush it! Thanks for the shout out as well and we were happy to include you again in our November update. Keep up the great work and keep on saving INSANE amounts of your income.

    Take care,

    Bert

    1. Hey Bert, it’s a “loss on paper” only, in reality the values of the individual portfolios increased. Shuffling funds between investment groups is working out well too, so we are happy campers at the moment! Definitely working on keeping that savings rate up, but dark clouds await for 2018 😉

  2. Very solid result, especially when considering that November is generally rather a “unspectacular” month in terms of dividends. Less than one month to go and you will hit your EUR 7’000 target, that’s awesome!
    Interesting move to sell your RDS stocks. Are you rebalancing your exposure to certain sectors?
    Cheers

    1. Rebalanceing? No, not really, we have now actually sold all our Dutch shares and reinvested into real estate, we will get back to ETF’s and Dividend shares once the market has corrected itself. In the mean time we will use the cash-flow from the real estate to make a new emergency fund (it’s pretty depleted now) and save some funds for our 2 month road trip in 2018 (need to take unpaid leave too for this).
      thanks for the comment!

  3. A pitty of the currency exchange, but that doesn’t change the fact that you are compounding and growing dividends. Keep it going!

    I do have a question. What is a RRSP? I thought that was only for US and Canadian citizens, but I see you also talk about it.

    1. RRSP = Registered Retirement Savings Account. It’s a Canadian thing, which we still have from the time we lived in Canada. It’s a great tax sheltering investment vehicle that we used to the max (and with success!).

  4. Don’t stress the decrease, that kind of thing happens all the time. As long as you’re compounding that money (not consuming it) you’ll eventually see it rising again!

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