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).
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:
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.
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:
Dividend Sector Breakdown
When you breakdown the previously shown dividend stock overview by sector, it looks as follows:
How was your dividend income, any good surprises for you too?