Welcome to October’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:
- With the help of the father In Law we replaced the brakes and rotors on my 2014 F-150
- Completed an oil change and a tune up on Maria’s vehicle
- Because we live in beautiful Alberta, we had to flip winter tires on both vehicle’s
- Z is 6 and has been learning to read very well
- Celebrated Z’s 6th birthday
- Maria went to California for her business, if you call it that
- Went to the Oilers home opener vs. the Bruins
- Enjoyed another Halloween with the trouble makers
- Spent way too much money 😲
Here’s are a few pictures
Father in-law and I at the game
Little C helping Daddy with an oil change
Z giving a thumbs up after a great swim lesson
Z opening up gifts with Mom
Kids all ready for some trick or treating
Now lets get down to business
Portfolio details:
Sold
I sold no dividend stocks this month
Purchased
We added to our current position in Chartwell Retirement Residences by purchasing 80 shares at $14.05
Who is Chartwell Retirement Residences:
Chartwell Retirement Residences is an unincorporated, open-ended trust. The Company indirectly owns, manages and operates a range of seniors housing communities from independent living through assisted living to long term care. Its segments include Canadian Retirement Operations and Canadian Long Term Care Operations. It owns and operates senior residences in Canada. Its portfolio of residences includes independent living residences for seniors that include retirement units/townhouses/bungalows providing meals and general services; independent supported living residences for seniors that include retirement units/townhouses/bungalows with household general services; assisted living residences for seniors requiring personal care services; memory care units for seniors having Alzheimer’s or other form of dementia and requiring personal care services, and Long term care residences for people requiring professional nursing care on a daily basis and over 24-hour supervision.
My why:
I really like this space for many reasons. In 2011 those that were born in the baby boomer era started to retire (65). The baby boomer era are those who were born between 1946-1964 meaning more retirement homes and care centers will be required for many years to come. This means potential for new facilities, ongoing increased revenues and dividends, dividends, dividends. Eventually we will get into a market crash and this is the type of company I want to own. This is a very well managed company. From a trend perspective this stock over the past 2 years trades in a range of $13.43-$16.25. After a correction in the market a couple weeks ago the decision was made to pull the trigger at $14.05. This will increase our annual amount from Chartwell from $82.92 to $121.32. The plan is to own enough of this stock where it starts to DRIP, to do so we will need to add a 3rd more to the shares we currently own.
Dividend increases as well as any dividend cuts
January
No dividend increases in January
No dividend cuts this month
February
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
March
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
April
FRU increased the dividend from $0.05 to $0.525 which is an increase of 5%
No dividend cuts this month
May
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
June
POW.TO increased the dividend from $0.3585 to $0.382 which is an increase of 6.56%
No dividend cuts this month
July
No dividend increases in July
No dividend cuts this month
August
No dividend increases in August
No dividend cuts this month
September
SIA.TO increased the dividend from $0.75 to $0.765 which is an increase of 2%
No dividend cuts this month
October
No dividend increases in October
No dividend cuts this month
2016 – 2017 – 2018 Dividends
Dividends received this month were $121.59 which is a 65% increase from last Octobers total of $79.03. Trend line is looking awesome and very happy to continue that trend.
Dividends received per stock and if they’re set up within the DRIP program
| October 2018 | Dividend Reinvestment Plan | ||
| Chartwell Retirement Residents | CSH.UN | $6.91 | Not enough |
| Cardinal Energy Ltd | CJ.TO | $8.89 | Yes |
| Northview Apartment REIT | NVU.UN | $27.57 | Yes |
| Plaza Retail Reit | PLZ.UN | $8.73 | Yes |
| Arc Resources Ltd | ARX.TO | $8.45 | Not enough |
| Alta Gas Ltd | ALA.TO | $12.23 | Not enough |
| Crescent Point Energy Corp | CPG.TO | $1.59 | Not enough |
| Enbridge Income Fund Holdings | ENF.TO | $4.71 | Not enough |
| Extendicare Inc | EXE.TO | $6.88 | Not enough |
| Freehold Royalties Ltd | FRU.TO | $5.99 | Not enough |
| Gamehost Inc | GH.TO | $5.18 | Not enough |
| Sienna SR Living Inc | SIA.TO | $8.80 | Not enough |
| Superior Plus Corp | SPB.TO | $8.22 | Not enough |
| Diversified Royalty Corp | DIV.TO | $0.44 | Not enough |
| Chesswood Group LTD. | CHW.TO | $7.00 | Not enough |
| Total | $121.59 |
Well we had a nice correction this month and it may not be done just yet. Currently watching BNS, T, CSH.UN, MFC and TD
ALA and ENB have come off the list for now
What are you currently watching?
What do you think of my recent purchase?
I have been requested to write a blog on how to trade, that will be coming out within the next couple months.
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
Brian
Nice buy – and looks like a busy month. Cute costumes. My lil guy was a dragon too!
65% increase year over year – well done! I’m still kicking myself for not pulling the trigger on Northview when it was 14.00. I had it on my watchlist for so long:(
Good luck!
Hey Jordan,
Dragons rule that’s for sure. It seems when you have kids every month is jam packed
Year over year growth has been good. I feel like I got some good momentum going just need to do a better job in picking the right companies at the right price!
Have a great long weekend!
Brian
Dear Brian,
I really like the retirement living “industry” and purchased Extendicare in mid-2017 in my RRSP account. I’m pleased that EXE DRIPs (with a discount, I think, haven’t done it yet, didn’t know about DRIPing until recently) and I should have enough to do it.
I wanted a growth stock and feel like Chartwell is less regulated (than EXE) and would have been a better choice.
I see that you own both, which account do you own them in? Which would you ideally own them in? You mention that Chartwell is a trust so if I held it in a non-registered account, it would not count as pure “dividend income” for the purposes of taxes, correct? If so, I don’t like to hold those in my non-registered account. I’d be open to it in my TFSA (I’m a dividend investor and currently living off our income from TFSA and non-registered accounts).
I appreciate any information you care to share on the matter.
I have two kids and my husband and I are almost through helping them get through all their candy. We’re nice like that 😉
Regards, Sarah De Diego
Hey Sarah,
Sorry for the late reply.
The retirement living industry is by far one of my favorite places to put money. I currently own 3 different companies related to that industry EXE, CSH and SIA. My favorite is CSH, followed by SIA. DRIP is the best way to really get that compounding going however everyone is different, some like to DRIP and some like to take the cash to fund their next purchase. In a way both ways compounds your money so it comes down to choice. I generally will turn drips on and off depending on stock value, if i think a stock is fully valued I’ll turn it off and vice versa however you need to watch your stocks more often this way which can be a challenge.
I own all three of these companies in my TFSA. My goal is to max both TFSA’s out before i place more money into my RRSP (Other than company match program). The benefit of holding it in a TFSA as the dividends regardless of eligible or non-eligible is they grow tax free as long as they are on the Canadian market. If you were to own CSH in an RRSP this is what i found from an investors blog on this question:
That amount will NOT be shown on the T3 as it is, as they state, “non-reportable”. Also, it is NOT Return of Capital (ROC). It is plain and simple a portion of the monthly distribution that has NO TAX IMPLICATIONS. Hard to believe, but you are getting money that does not have to be reported as income and also does not affect the ACB of this investment. However, if you hold it in an RRSP or a RRIF, you will pay tax on this amount when you withdraw that money from the RRSP or, eventually, from the RRIF.
This investment is most tax efficient if it is held in a Taxable Account or a TFSA.
Hopefully that helps!
My favorite part of my kids getting candy is I can steal all the reeses pieces 😉
If you have any other questions I’ll try my best to answer!
Regards,
Brian
Dear Brian,
No delay, no worries. It takes time to consume candies, trust me 😉 Reese Pieces are my favourite too and my kids don’t like them so double bonus.
Thanks for your thorough response. That is really interesting about Chartwell and their monthly distributions (with respect to tax implications, or the lack thereof). It will definitely be on my “watch super close list” when investing time comes again (scheduled for January).
Regards, Sarah.