Monday, 12 November 2018

Dividend Update: 2017 Dividend Total!

    Making a very belated update of my dividend income from 2017. I have some mixed feelings for my year of investing and building up my portfolio's passive income. While I am pleased with receiving $1,881.49 in dividends, which as I usually like to qualify against pretending my portfolio is working a minimum wage job. My little money making Wisp worked about 134 hours at $14/hr in 2017.

Saturday, 9 December 2017

Recent Buy: Canadian Apartment REIT

    Beginning of November, 2017 I bought an additional 72 shares of CAP REIT at $34.6.
With its monthly distribution of $0.10667 per share, I will receive $7.68 more per month, $92.16 per year. With my prior shares my total position in CAP REIT is now 110 shares, with a monthly distribution of $11.7 and $140.80 annually.

    My rationale for the purchase is that while CAP REIT has a lower than average dividend yield for a REIT at around 4% at the time of purchase, they have proven to have a good track record for increase it as they increase their rental property rates. The REIT is also consistently working on bringing additional apartment and townhouse complexes online, as well as expanding into the Netherlands.

    I like to think of them as my pseudo, slowly growing 'rental property'.  :)

Description of Canadian Apartment REIT

"Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) is a Canada-based open-ended real estate investment trust. CAPREIT's investment objectives are to provide unitholders with long-term, monthly cash distributions; grow normalized funds from operations (NFFO), distributions and Unit value through the management of its properties, acquisitions and financial management, and reinvest capital within the property portfolio. CAPREIT owns and operates a portfolio of multi-unit residential rental properties, including apartments, townhomes and manufactured home communities (MHC) located in and near urban centers in Canada. CAPREIT owns interests in approximately 46,790 residential units, consisting of over 40,501 residential suites and approximately 30 MHC's, consisting of approximately 6,290 land lease sites. CAPREIT owns leasehold interests in approximately 15 properties located in the Greater Toronto Area. The leases mature between 2033 and 2037."

Wednesday, 18 October 2017

May 2017: Dividend Income!

    Another update on the lovely dividends that I have received so far this year. May is one of my slower months, with mostly just the monthly dividend payers. I am quite happy with the income base that those companies provide, and just knowing that every month I will get and be able to reasonably rely on $60+ per month if needed.

Sunday, 3 September 2017

April 2017: Dividend Update

    April is one of my big dividend months, with the majority of my quarterly dividend stocks paying out. Which means I get to see some big, juicy dividends hitting my Questrade Brokerage Account.

Tuesday, 29 August 2017

Recent Buy! Pizza Pizza

    A recent stock purchase of mine, I added to my previous 140 shares of Pizza Pizza Royalty Corp with an additional 115 shares. At the time of purchase the shares were trading at $15.82, and as of writing on August 28th, 2017 at $16.36. (yay) The stock pays a consistently growing monthly dividend of $0.0713, which was a dividend yield of about 5.4% at the time of purchase. And adds $8.2 monthly and $98.4 annually. I am definitely happy to be getting a slice of that pizza pie!