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Monday, May 31, 2010

Dividend earnings for May 2010: 364.28$

The month of May had passed by too quickly. The terrible heat we had in Montreal a couple of days ago seem to be gone, at least for now. I am feeling much better than I used to be a couple of days ago.

My first month within my metro pass went well overall. On Saturday, I had received 15.33$ in dividend from Davis + Henderson Income Fund (DHF.UN) and 21.60$ from The Consumers Waterheater Income Fund (CWI.UN). My Consumers Waterheater Income Fund (CWI.UN) dividend should DRIP later on this week to provide me more units. I am looking forward to received somewhere around 3 new units of The Consumers Waterheater Income Fund (CWI.UN). So this close my dividend income for the month of May 2010 to 364.28$!

Currently, I am lucky enough to make new investment on a regular basis. This allows me to see my dividend income grow from month to month. Very soon, I will be earning dividend on a quarterly basis instead of a daily basis, but that won’t change too much things. At that time, I will probably earn a bit less in dividend earning from certain companies. I had received my voting package from Bell Aliant. For now, Bell Aliant is still a .UN investment like I love to name them. Bell Aliant had planned to change into a corporation beginning of 2011. Starting January 2011, Bell Aliant dividend will fall from the current fantastic 2.417$ to 1.90$. This represents, of course, a dividend cut. But at 1.90$ dividend per stock, Bell Aliant dividend will still be impressive. The dividend cut simply represent Bell Aliant tentative to smoothly move into a corporation. Not too many .UN investments will be able to maintain their current dividend once they change themselves into a corporation. BUT….. There’re some exceptions. And I hold them in my investment portfolio!

From my understanding, Just Energy Income Fund (JE.UN) will keep the same dividend distribution once turn into a corporation and same thing (positively sure) with Pembina Pipeline Income Fund (PIF.UN). Those 2 are companies in the energy sector – it took solid business to be able to keep the same distribution level. Those are just examples being took from my investment portfolio. Some other of my .UN investment will shortly cut their distribution. They are: Yellow Pages Income Fund (YLO.UN) and Davis + Henderson Income Fund (DHF.UN). The dividend of these 2 companies will be cut when they will transform into a corporation, just like Bell Aliant.

Other than my very nice May dividend earnings, I am very pleased to announce…

I just received the money from my TD Financial GIC investment that had came to mature date. I had received 1 266.86$ in cash. I had made a profit of 266.86$ on 5 years GIC… Not too bad. It’s represent a gain of 26.64% for 5 years, or if you prefer 5.3284% per year for 5 years. This morning, I had visited a TD Waterhouse office to have the money to get transferred into my RSP broker account, where I currently hold 269.11$ in cash. At a total of 1 535.97$, I will be able to make a nice little investment. I am not quite sure what I am going to invest in. I was thinking about maybe 100 units of Just Energy Income Fund (JE.UN) because I want to hit the 1 000 units of JE.UN inside my portfolio.

Anyhow, June is happily coming over, with a new RSP investment. And surprise, I am able to pay off everything needed with what I currently hold as cash (and from I have leftovers on credit line…). I know doing this is bad, but I debit what I had left from my credit lines to pay off my expenses of this month. I usually never do this. But I did it for this month because I planning for my next investment (non registered one). The debit off my credit lines only represent 320$ anyway. For the month of June, I want to save as much possible for my next investment, which is suppose to be 100 extra stocks of Corby Distilleries Ltd. (CDL.A). At more than 15$ per stock, 100 units represent at least 1 600$ in total, quite some money knowing my situation. My feeling is good despite my situation; I am pretty sure I am going to be able to make it happen.

Latest update of my investment portfolio

I just update my investment portfolio. With the recent TSX gains, I really wanted to have a clear look at what everything is looking now. And it’s looking good! I am now at 87 042.86$, a loss of 1 666.65$ compare to May 12. The loss is not major, I am sure I will be able to recover very soon.

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