March 2018 Dividend Update

The March 2018 Dividend Update is not as exciting as the one from February. We are getting close to being done with reshuffling the portfolio. From here on, there should only be a few small corrections. In the far future we may try to expand the dividend portfolio again, depends on stockmarket prices and cash-flow from our real estate..

March 2018 Dividend Update

The following stock(s) were reduced or disappeared from the portfolio:

  • 200 shares of CHW (Financial): sold some shares just before the big sell off due to poor performance results and no dividend growth.

We made the following new purchases:

  • 30 shares of CM (Financial): Diversification of investments into the Canadian banking sector with the CIBC bank, which we did not own yet.
  • 60 share in CAR.UN (REIT): the rise in interest rates made the whole REIT sector drop, which was a nice time to add new shares. This REIT adds more exposure to the residential sector.
  • 169 shares of AGU (REIT): see above.

Note, the REIT purchases are technically not dividend growth stocks (yet?!), but the monthly DRIP’s work very well too!

Keen on some Canadian shares? Try this awesome list to see which companies might be of interest. Oh, don’t forget to check out the community updates at the Dividend Diplomats and Easy Dividend!

March Dividends

All the dividend deposits received into the bank accounts (and correct for exchange rates) sum up to a total dividend income of €638.93. This is a decrease of 21.4% compared to last year. This is because we sold many RDSA/UNA shares last year to be able to do real estate investments, which made a big difference.

Unfortunately we saw another worsening of the EUR/CAD exchange rate in March too. In Canadian dollars the dividend actually grew by 11.1% from a year ago, which is really good!

One note, last month’s total was corrected downwards to €320.83, as one payment shifted into March. We therefore ended February with a small decline in total dividends received (in € anyways), instead of a small increase.

The stats for last month:

March 2018 Dividend Update - Dividend Income

March 2018 Dividend Update – Dividend Income

The graph below is showing the yearly dividend totals for 2015, 2016, 2017 and the YTD for 2018. We received €1.490.44 in dividends so far for 2018. Very happy with that result! And no, we are not going to get to 2017 in terms of dividend income.

March 2018 Dividend Update - Yearly Dividend

March 2018 Dividend Update – Yearly Dividend

Dividend Stock Overview

Our dividend portfolio now contains 38 companies with a total of 9.150 shares. As noted in previous post(s) NTR is 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 individual companies within our portfolio below about 5%.

The portfolio looks like this:

March 2018 Dividend Update - Dividend Overview

March 2018 Dividend Update – Dividend Overview

Dividend Sector Breakdown

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

March 2018 Dividend Update - Sector Allocation

March 2018 Dividend Update – Sector Allocation

 

How did you do in March on the dividend side of things?

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19 comments

  1. I like your CM pick up. I hold three Canadian banks, TD, BNS and RY and have my eye on CM and BMO as well. I think the Canadian banks are an unappreciated group but seem to do well for any long term holder of their stock. Looks like you managed a very healthy sum for dividend income in March despite it being a year over year decrease. Life isn’t just about dividends. Real estate can be just as effective in growing your net worth and passive income stream. Thanks for sharing.

    1. Hey DH, yes, agree, the Canadian banks are indeed a nice couple of dividend shares to have. Albeit some of the dividend steaks are only 5-10 years, the only blip along the ride was one year with stable dividends. I’ll forgive them 😉
      We do like our real estate too, it’s a great way to diversify indeed.

  2. Wow, and you were hestitating about quitting your job? 😉
    I have a bit of an embarrasing issue. My dividend flow is more like two-figure numbers, but I can’t find an overview of (for example) how much dividend I got last year or the last three months or so. So I actually have no clue how much dividend I get…

    1. You should have gotten an yearly statement from your bank/broker stating how much dividend you received and how much dividend tax you paid. It’s possible that the total dividend is not stated, but you should back calculate assuming 15% dividend tax (which will be mentioned, as this is required by law and required for your tax filing).
      and 2 figures is a good starting point! We all have to start somewhere 🙂

  3. Nice month! Although the dividend amount declined compared to last year, it’s still a very nice amount to receive.

    Do you als own stocks from the USA? I see mostly Canadian stocks in your list. Is there a reason for that?

    1. We primarily have dividend shares in our Canadian pension accounts, which for tax reasons does not contain any USA stocks. The Canadian shares are exempt from dividend taxes, really nice bonus!

  4. The reconfiguration suits you better and it’s fair to trade some dividend income for that. It’s great that you’ve got some Canadian stocks eh. I’m interested in their banks particularly, but have only just finished investigating the Aussie ones, which are reasonable but not at prices I like.

    Keep it up TeamCF!

    1. Hey WFT, the Canadian banks are indeed very interesting but also relatively expensive at the moment. Yet they are amazing money making machines! Happy stock hunting 🙂

  5. Still a decent performance taking into consideration that RDS/UNA are sold. For me it’s the other way around. I added RDS so compared to previous year. Great to see a portfolio with many unkown names for me. It gives me inspiration to do some research on these stocks 🙂

    1. Hello Mr I want Dividend, nice move! RDS is a good stock to own, at least for the next couple of years/decades. Happy hunting for more dividends!

  6. Nice job, and very nice portfolio! We are doing the same thing with real estate to diversify and have a couple of different revenue streams. Good luck with your portfolios – I’m looking forward to seeing your future updates.

  7. I’m seeing similar pattern for myself, although with smaller numbers 🙂 The dividend income was hurt both by exchange rate and sells during last year, but at the same time the overall passive income is increasing because of real estate.
    I’m really interested to see where the EUR will move; this year so far is too quiet…

    1. The CAD/EUR exchange rate is all over the place, and not in a good way. Fortunately, we are not withdrawing from the account, so I don’t really care at this stage.
      Glad to read that you are moving forward too! Good for you mate.

  8. Although you got less dividends than last year, which understandable if you sell RDS/UNA, it looks great. There are so many good Canadian stocks which I simply will HAVE to have in portfolio one day. On another note; congratulations on being retired from your job!

    DI

    1. Thanks DI. Yes, the lost dividend income is well compensated with real estate income, so we are not worried at all.
      Today is my first day of being unemployed (well, paid time off for now, will be officially unemployed on May 1). Slept in, doing a bit of blogging, reading and enjoying the day. Life is good 🙂

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