Welcome to December’s edition of more free money from dividend investing. Before we get started with the portfolio this is what we have been up to while the dividends continue to roll in. 

Here are a few things we have been up to:

  • Got a few weeks off to spend with the family
  • Enjoyed a great Christmas
  • Set up our tower garden to grow our own vegetables 
  • Potty training a 2 year old is still not fun
  • Watched the markets crash hard
  • Setting 2019 goals
  • Z went on skates for the very first time
  • Family outing to see the new Grinch movie
  • Rang in the new year with family

Here’s are a few pictures

My wife and I

Christmas with family

Pics of the kids having fun and Z with Nana

Now lets get down to business

Portfolio details:


Other than the odd day trading I sold no dividend stocks this month


I purchased 55 shares of Exchange  Income Corporation @ $27.27

Who EIF is:

Exchange Income Corp is Canadian diversified acquisition-oriented corporation focused on opportunities in two sectors, aviation services and equipment, and manufacturing. In particular, the company is focused on businesses that are suited for public markets, except, in certain circumstances, for their size. The business plan of the Corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets. The Aviation segment recognizes revenue on the provision of flight, flight ancillary services, and the sale or lease of aircraft and aftermarket parts. The Manufacturing segment recognizes revenue on the sales of manufacturing products and services.

My why:

EIF is very well diversified with multiple companies under their umbrella such as: Perimeter,Keewatin Air, Jasper Tank, Overlanders Manufacturing, Stainless, Water Blast, Calm Air, Bearskin, Westower Canada, Custom Helicopters, Regional One, Provincial Aerospace, Ben Machine Products, Quest Window Systems,Moncton Flight College and a couple being finalized within the past few weeks. EIF has also increased their dividend for 14 consecutive years, yes please! They carry a PE ratio of 12.4 which is below it’s 5 year average of 29, to me this a healthy entry point. With the recent pullback in the market and the 8% yield this is a place i’d like to be. This will add about $10/month to dividend income.

I purchased 475 shares of Alcanna (Cliq) at an average price of $4.08/share

Who CLIQ is:

Alcanna is one of the largest private sector retailers of alcohol in North America and the largest in Canada – owning and operating 227 locations in Alberta, B.C. and Alaska. With revenues in excess of $600 million per year, Alcanna processes over 20 million individual retail transactions of beverage alcohol. As of October 17, 2018 Alcanna, opened the first five of its new retail cannabis stores under the “Nova Cannabis” brand in the Province of Alberta. 

My why: This comes down to a strict value play and not a long term hold. Alcanna has partnered with Aurora to sell Cannabis.
Alcanna also has entered into a non-binding letter of intent (“LOI”) with a discount liquor store operator in Alberta, Ace Liquor Corporation (“Ace”), to form a new partnership in the discount liquor store business. On December 13 Alcanna announced a termination of their dividend. Prior to the news the stock had already dropped from $11.24 down to $6.16. After the news the stock dropped down to $4.08 about 5 days later before insider ownership starting buying up about 100,000 shares on Dec 22. Again this is a short term hold and was purchased as I believe the sell off was too crazy. Stock has shown positive momentum as of late and has creeped up to about $4.30 as I write this post.

Dividend increases as well as any dividend cuts


No dividend increases in January

No dividend cuts this month


PLZ.UN increased the dividend from $0.26 to $0.27 which is an increase of 3.85%.

ENF increased the dividend from $2.053 to $2.26 which is an increase of 10.05%.

No dividend cuts this month


MFC increased the dividend from $0.82 to $0.88 which is an increase of 7.32%.

XTC increased the dividend from $0.32 to $0.34 which is an increase of 6.25%

No dividend cuts this month


FRU increased the dividend from $0.05 to $0.525 which is an increase of 5%

No dividend cuts this month


CSH.UN increased the dividend from $0.048 to $0.049 which is an increase of 2.1%, not a huge raise but I’ll take it!

No dividend cuts this month


POW.TO increased the dividend from $0.3585 to $0.382 which is an increase of 6.56%

No dividend cuts this month


No dividend increases in July

No dividend cuts this month


No dividend increases in August

No dividend cuts this month


SIA.TO increased the dividend from $0.75 to $0.765 which is an increase of 2%

No dividend cuts this month


No dividend increases in October

No dividend cuts this month


No dividend increases in November

No dividend cuts this month


Manulife increased their dividend by 14% or 3 cents to bring the quarterly amount to $0.25.

Cardinal Energy cut their dividend big time which I can’t really blame them as the oil market has been weak

Alta Gas also cut their dividend due to a terrible acquisition

2016 – 2017 – 2018 Dividends

This is the largest amount of dividends ever received in one month. The final total for December was $309.90. Very happy with this and the trend line is looking good going into 2019. D

Dividends received per stock and if they’re set up within the DRIP program

Stock ListDecemberDRIP

What a terrible past couple months if your selling. I will continue to add solid companies and collect dividends as my time frame to needing the money is many years away.

Current watch list: BPY.UN, TD, BNS, ENB

What are you currently watching? Are you buying or hoarding cash and why?

Please feel free to leave a comment and be sure to sign up for my blog via email to stay up to date with each post!

See you all next month and remember…………………………

Invest in yourself


Money While You Sleep 2018 December Edition

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4 thoughts on “Money While You Sleep 2018 December Edition

  1. nice Brian, congrats on a new record!

    I see ya sold highliner whys that? I keep mine but hope they keep that dividend intact.

    Im watching bmo as my next purchase this month. Unless something else pops up.

    I dont stockpile money rather just buy every month and dollar cost average.

    Anyways congrats on a great month!


    1. Thanks Rob

      Here is what i had wrote on my why for selling HLF.

      High liner foods announced another miserable quarter. That morning they halted trading and I put in my limit order to sell and it sold 417 shares at a price of $8.40. The stock before the announcement was at around $9.40. Over the next few days the stock became oversold and went as low as $6.19. So i decided to make a quick play and repurchased the stock with the same money that i sold and purchased 540 shares (That’s right i was able to receive 123 more shares with the same money). However waited until ex dividend and unloaded the shares as high liner no longer meets the criteria we are looking for. There is a pretty good chance over the next quarter or two that the dividend will get cut as revenues are decreasing as many don’t want breaded fish they want healthier options, reducing staff by 17% tells me they are being responsible it doesn’t show growth, debt level is quite high, shrimp business they bought a year and a half ago has some challenges and fish pricing is expected to go down in 2019 by 1-3% which will hurt High liner. Although i believe they will get where they need to be, i just don’t see that coming quickly. They are on the watch list however probably won’t look at them until a couple strong quarters come through for them which could take 12-18 months.

      BMO should have a nice recovery based on history. I believe banks are going to go through a drastic change in closing multiple stores and opening kiosks (From what a bank employee told me that works at RBC).

      I only typically stockpile about 5% cash before putting that money to work. I’ve been reading the intelligent investor and that book is putting many things in perspective for me.

      Have a great january!


  2. Congrats on cracking $300 for the first time! I had my largest month ever this month as well – but it was due to a few funds paying distributions in December.

    If you are in the accumulation phase of your life – this is definitely a nice little dip to add some great companies…though I wouldn’t be surprised if they keep dropping for a few months.

    Best of luck!

    1. Hey Jordan,

      I have to check my emails to see your most recent post as i get it each month.

      Congrats on your best month ever, always a good feeling hey!

      I plan to add over the next 20+ years so buying in the dips is a focus.

      Thanks for the support!


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