Month: March 2017

Dividend Income

February 2017 Dividend Income

Dividends

As the market continues to offer little value I have not invested as enthusiastically as I did this time around last year, which is around when my investments really started heating up. Everything was dropping at that time so I picked up things that were going on sale. This time around it’s the opposite as share prices have heated up.

I continue to scour in the market and make up my monthly dividend watch lists which is how I find value in this heated market. While the market is expensive, there remain few stocks here and there which offer the value worthy of investment. I continue to tread cautiously, but I still would like to invest monthly and keep up with whichever direction the market is going. I, just like you, have no idea where we’re headed in the near-term.

I doubled my position in Apple last month after their incredible earnings release, and saw three dividend raises to boost income – saving my life hours by having these companies churn out more for me year after year.

Summary of February Investment Activities

Throughout February, I’ve purchased:

One of my holdings increased their dividend.

None of my holdings were sold to recuperate capital.

None of my holdings reduced their dividends.

*We only now realized a distribution increase of $1.32 by HR.UN

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Bank of Nova Scotia

Bank of Nova Scotia raises dividend 2.7%

Dividend Raises

On Feb. 28, 2017, as Bank of Nova Scotia announced their quarterly results they also added “our strong capital position allows us to grow and make investments in our businesses as well as return capital to our shareholders. This quarter we announced a 2 cent increase in the quarterly dividend to 76 cents per share – up 6% from a year ago.” (scotiabank.com)

While the dividend is up 6% from one year ago, they only increased the dividend by 2.7% this quarter. BNS is known to increase their dividend twice a year – both in the second and fourth quarter.
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Reverse Mortgage

Reverse Mortgage History and Basics

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If you have heard great things about reverse mortgages but don’t really understand them, you aren’t the only one. Many people have no idea how such mortgages came about or how they work. Here are some reverse mortgage basics that can help you to understand them better and decide if you want them.

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Royal bank of canada

Royal Bank of Canada raises dividend 4.8%

Dividend Raises

On February 24, 2017, “Royal Bank of Canada (RY on TSX and NYSE) announced today that its board of directors declared an increase to its quarterly common share dividend of four cents per share, or five per cent, to 87 cents per share.” (rbc.com)

Royal Bank of Canada has seen an incredible run-up consisting of a 44% one year gain in share price. The stock is at an all-time high now and is constantly pushing on them, which is what I’m coming to really like in stock investing.

That’s the strategy I followed on Apple. Unfortunately, I don’t see as many catalysts with RY. However, the reason I chose RY over some other Canadian bank was due to it’s U.S. exposure, which comes second after TD. Overall I preferred RY’s valuation at the time I purchased my shares.

I have a pretty small position in RY which has increased 50% and makes it difficult for me to stomach adding any more at these prices. The share price has been pushing hard to reach $100.

I have positions in many of the Canadian banks and they have all done incredibly well in the last year. In addition, my exposure to the Financials sector is about 1/3 of my entire portfolio. I feel as though, unless I’m adding U.S. financials to geographically diversify, then I should be building my positions in other sectors as it’s slowly becoming sizable.

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Walmart

Walmart’s 44th Consecutive Dividend Increase

Dividend Raises

On Feb. 21, 2017, “The Board of Directors of Wal-Mart Stores, Inc. (NYSE: WMT) approved an annual cash dividend for fiscal year 2018 of $2.04 per share, an increase of 2 percent from the $2.00 per share paid for the last fiscal year.” (walmart.com)

Walmart’s share price rose significantly as they reported Q4 FY 2017 earnings. While their e-commerce appears to be gaining traction, there is a lot of uncertainty surrounding brick & mortar retail.

However I like Walmart’s business resistance in a recessionary period as they provide low-cost products. It appears lately they have been pushing for even lower costs from providers.

My largest concern for Walmart is President Trump’s border tax talk. The details have not yet been released but it does not favor Walmart… However with the tax cuts and deregulation, it’s possible that Walmart will still come out stronger despite everything. This is why, at least for the time being, I’m holding on to my WMT shares.

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H&R REIT

H&R REIT raised dividends 2.2% in Q3 2016

Dividend Raises

On November 24th, H&R REIT (TSX: HR.UN) released their Q3 press release which read: “the trustees have approved an increase in the current monthly distribution per Stapled Unit resulting in a $0.03 annual increase to a total of $1.38 per annum.” (hr-reit.com)

Note that this is a belated post. I missed this announcement in November, but want to keep my dividend income spreadsheet up-to-date. HR.UN is one of the first stocks I bought for real estate income; it’s roughly 6% dividend caught me in as I started my journey. I was recently thinking of selling this position to consolidate into PLZ.UN but finding out that they increased their distribution makes me think otherwise.

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My publishings on dividendbeginner.com references an opinion and is for information or entertainment purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. I am not responsible for any decisions you make concerning finances, taxes, or investments. You must perform your own research and always take caution when extending capital.