Recent Buy! February 2016

     This Tuesday I had the day off, and so I had the opportunity to take a closer look at my portfolio, as well as my watchlist. After the TSX had such a rough day on Monday, falling 1.8%, I was looking forward to buying! To my relative delight, when I logged in at 10am the TSX was down another almost 2%! While it always hurts to see ones portfolio value decrease by so much in so little time, it is great to see when looking to buy.

Next Buy Watchlist: December 2015

With my last Watchlist in September I focused on consistent, steadily growing quarterly dividend payers within the financial sector. The big Canadian banks and insurance companies. Which of those companies, I bought my first shares in Manulife Financial, read about it here in my Recent Buy post.

    Recently, with my last purchase of Dream Office REIT I went for high yield, monthly income. This time around though I am so far still contemplating on what I want to buy next. While I am hunting for income and yield, I do also want to plan for the future with dividend growth stocks.

    In particular, I am looking to build singular positions to a size where dividends are able to DRIP a stock per payout, as well as try to diversify investments within my TFSA portfolio. Currently, I want to have my portfolio heavier on REIT's since within the Tax Free Savings Account their high income through distribution is not taxed, so for the most part I think I am about where I want to be on REITs. Making it the ideal account for Canadians to hold REIT's in, read my overview on the TFSA for more.

September 2015: Dividend Update!

    September is one of my quieter dividend months, but just like every other month the dividends come in nice and steady with no effort or early mornings on my part! Every third month of a quarter is my lightest month, with the monthly distributions forming the base of the income, with a helping hand from Suncor. I am also very excited that for the first time this year, the on average lowest paying month just exceeded the highest single month of dividend income that I received in October 2014, just short of a full year ago!

Next Buy Watchlist: June 2015

    Monday's news items made for an interesting day to put up a watchlist. With the current market fallout of Greece's potential missing of its IMF repayment date and the looming possibility of its unprecedented retreat from the European Union stock markets have taken a hit. I have been closing in on the stocks that I want to get, but with these events I am glad to have been taking my time. I am also going to be waiting on the result of tomorrow Bank of Canada report on the Canadian economy, as that could also affect financial companies. Now, while preparing and researching for my next addition to my portfolio I have had a few objectives in mind.

Recent Buy! May 2015

    Found myself with some extra cash floating about since I received my tax refund this month, the benefit of not earning a lot eh? So with my tax return I put it to work right away and threw in some additional earned cash with it, as well as allocating some of my record breaking dividends from last month as well. And since I knew my return was coming I have been following a few stocks in particular, but didn't have the time to post a watchlist as I saw a good opportunity to buy. So I put that money to work by purchasing additional shares in the monthly paying Pembina Pipeling Corp. (PPL).

    Recently PPL has taken a bit of a minor beating in its share price, down 1.92% in the past month. Even though they recently declared a 5.2% increase in their dividend.  With a 52 week low of $36.16, and high of $53.04 it is a bit on the lower end of the midpoint of those valuations. I picked up my recent 47 shares at $41.13, which has lowered my average cost basis from my previous buy of PPL at $41.73 to a total share count of 70 at $41.33.

    With these additional 47 shares working for me, I now receive $7.17 more per month and $86 per year. Which roughly works out to a yield of 4.4%, which to me is pretty solid. And as with its recent dividend increase, PPL has a consistent record of increasing its dividend and has a good record of increasing its share value over time by consistently growing its business.

    Overall I have been quite happy with my holding of PPL and am very happy to now be holding more of this great company. In one my portfolio simulation accounts its grown in the lower double digits while paying out a great dividend. Combined with my prior holdings I now expect a healthy monthly payout of $10.68 to contribute to my passive income stream. I am also expecting to make another addition some time later this month, and will definitely make a list of what I am watching and hoping to add to my portfolio. As well as a couple stocks that I will be considering as potential buys if I were to have a non-registered account or a US stock for an RRSP contribution.

Next Buy Watchlist: February 2015

    I should be having money to invest within the upcoming weeks, so it is time to compile my watchlist of stocks that I am interested in! There are quite a few on my radar at the moment which I will be tracking and keep a closer eye on. For the most part I am mainly interested to adding to, and building up my current positions with an overarching goal of getting them to have payouts big enough to start a Dividend Re-Investment Plan. There are also some companies which I might start a new position in as well. And definitely some of these are familiar names from previous Watchlists.

    The main sectors/components of my portfolio that I want to build up are Financials, Telecoms, REITs and Consumer products, as well as selective Energy companies. I do eventually want to build up positions in Resources/Industrials, Healthcare, Technology and Transportation, but those areas I think I will leave for outside of my TFSA. I am also hesitant to enter into those areas as I do not currently have a lot of knowledge of them and their product/company life cycles.

Next Buy Watchlist: January 2015

   I am pretty happy to be able to post a Next Buy Watchlist this January! In December I wasn't sure if I would have enough extra capital to make a new stock purchase for this month, primarily due to a lot of expenses incurred in December. But, after reviewing my current cash levels, projected income and expenses for this month and February I'v found that I do indeed have some extra cash to deploy this month! And with all of the recent trouble within the Oil and Financial sectors to name a couple, there are quite a few great companies whose stocks prices have become quite tempting for me. On my shortlist of names are: Bank of Nova Scotia (BNS), Royal Bank of Canada (RY), Toronto Dominion Bank (TD), Pembina Pipeline (PPL), Veresen (VSN), Suncor (SU), and Dream Office REIT (D.UN).

Next Buy Watch(wish)list: December 2014

    So we are now mid way through December and the markets have been swinging all over the place. And since I wont have any extra cash to invest in a stock purchase this month, instead I am posting my current group of stocks on my watchlist, but its Christmas time and so its a bit more of a 'wish'-list. So in the spirit of a wishlist, I will be including some of the stocks I would have bought when they dropped down over the last week or so, or would still love to buy at their current valuations and not necessarily in line with my current portfolio sector weighting either. If only, if only!

August 2014 Dividend Update!

    The month of August is coming to an end and sadly the last week of summer vacation before many of you or your kids go back to school. The days have started getting a bit shorter and its not quite as warm as it used to be, or at least in Toronto... BUT! The companies in which I have shares of have kept on working just as hard as before, if not harder with some of them having raised their dividends recently. And so here is my dividends for the month of August, where these great companies have once again paid me for enjoying my summer!
 
    This month I received a total of $36.94 in dividends, which is -$20.32 from last months due to fewer quarterly dividends being paid out this month, but it is still a whooping $36.77 more than I got last August where all I had were a few hundred in a dividend mutual fund. Already this year I have received a total of $223.75 in dividends, that's roughly 22 hours of minimum wage work I did not have to do!

July 2014 Dividend Update!

    So the month of July has pretty much just finished and so I've received another months worth of awesome dividends and distributions from the companies I hold. Hopefully you've all received some good ones as well! This month has been my best month thus far with a grand total of $57.26 in passive income! That's roughly 5 hours of minimum wage work that I didn't have to do this month! :)

Dividend Income: January - May Catch-up Post!

    So since I'v only recently started this blog and also having only really gotten my portfolio going since January I shall do one 'big' month by month catch-up post on my dividend income thus far. Going forward I'll do a monthly posting. I know its one of the aspects of my portfolio that I look forward to during and at the end of the month to see how much money iv made not working! On other blogs as well I always love seeing how people's portfolios have grown in income from the previous year.

January
Dream Office REIT (D.UN)     $4.11
Algonquin Power (AQN)          $7.57
BCE Inc (BCE)                         $4.66
Bank of Nova Scotia (BNS)     $3.72
Scotia Mutual Fund                  $1.17                * Sold off in Febuary.

Total:                                        $21.23