Welcome to May’s edition of more free money from dividend investing. A few changes to the portfolio in May are as follows:
Accord Financials CP
I made the decision to sell ACD based on their last quarter results and not plenty of growth moving forward. I was happy to collect the dividend for the past couple quarters, which i also sold after the Ex dividend day so will be collecting the last payment on June 1.
Sold CJR.B as a strategic play to open up funds to purchase a specific energy stock. This one worked out nicely as it was sold with a small capital gain as well. I will also be collecting next months dividend as the holding was sold after the ex dividend date. Over the next month or so i will be keeping an eye open on this one to possibly purchase back however i’m not convinced at this time that cable tv is part of the new era.
Decided this month to add to three positions.
Sienna Senior Living Inc
Although Sienna doesn’t have plenty of growth they do bring defense within a portfolio to market uncertainty. We are in an era where the baby boomers of 1946-1965 are retiring and we now have more seniors than children. So the amount of Canadians retiring between 2011-2030 is an incredible number. To put this in perspective an 11% increase in 2011 from past years will retire with this number growing to around 23% by 2030. Sounds like a great place to be. Sienna also gives you an annual dividend of $0.90 and with the potential rise in Retirement over the next decade there is plenty of room for an increase.
Plaza Retail Reit
Plaza Retail REIT is a developer, owner and manager of retail real estate, with a focus on central and eastern Canada. Plaza’s current portfolio includes interests in 296 properties totaling approximately 7.8 million square feet across Canada and additional lands held for development. Plaza properties are anchored by 90.6% national tenants. It also brings an annual dividend of $0.27 with great potential for increases which they have done for 14 years and counting.
Added to my position of CJ based on their last quarter as revenue were up 87% year over year and earnings per share hit a gain of 142% increase from last year. The price per share doesn’t reflect that and i believe in $50 or higher oil those numbers can continue. They also pay a nice dividend.
I have used new money for these purchases and dividends received last month as half of my positions are not set up within the “Drip strategy”.
2016 vs 2017 Dividend Graph chart
May was a pretty good month as we hit $64.86 in dividends. That’s an increase of 16% over last Mays total of $56.78
|Healthcare Leaders Income Fund||HHL.TO||$7.00|
|Northview Apartment REIT||NVU.UN||$6.79|
|Sienna SR Living Inc||SIA.TO||$5.70|
|Superior Plus Corp||SPB.TO||$8.22|
|Plaza Retail Reit||PLZ.UN||$3.94|
|Arc Resources Ltd||ARX.TO||$3.45|
|Alta Gas Ltd||ALA.TO||$5.78|
|Crescent Point Energy Corp||CPG.TO||$1.59|
|Enbridge Income Fund Holdings||ENF.TO||$4.28|
|Freehold Royalties Ltd||FRU.TO||$2.85|
|Cardinal Energy Ltd||CJ.TO||$3.75|
|Corus Entertainment Inc||CJR.B||$5.89|
|Diversified Royalty Corp||DIV.TO||$0.44|
What did we do with the $64.86?
That total would give my family and I a night out to the movies, however Colton (my little guy) will not sit still so we will just reinvest it back into the portfolio.
Please leave a comment if you wish as I appreciate any feedback!
Invest in yourself