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Tuesday, February 27, 2018

This is exactly why you need to be passionate when it comes to dividend investment

Today was the budget federal day. Nothing spectacular. Its just pretty obvious now that Justin Trudeau is about ruined us, like if it wouldn't be enough that we had to see him and his family acting like stupid clowns in India... Justin Trudeau is acting like a child. He's such a stupid jerk. That's what happen Canadians when you elect a Quebecker as Prime Minister. Shame, shame, and shame. Not really smart. This 2018 federal budget is not spectacular and nothing is being done to protect us from a very massive deficit. I don't dislike Justin Trudeau anymore, I hate him.

My dividend income just keeps growing. My annual dividend income, excluding RRSP like always, is now at $8 363.04, almost the equivalent of $700 per month. It feels good to be back there. In the past couple months, many of my investment stocks had increased their dividend: ATCO Ltd. (ACO.Y) went from an annual dividend of $1.31 to $1.50; Canadian Utilities Limited (CU) went from $1.43 to $1.57; Enbridge Inc. (ENB) from $2.44 to $2.68; Enbridge Income Fund Holdings Inc. (ENF) from $2.05 to $2.25; iShares S&P/TSX Capped REIT Index (XRE) from $0.80 to $0.81; Methanex Corporation (MX) from $1.20 to $1.32; Northland Power Inc. (NPI) from $1.08 to $1.20; Canadian Imperial Bank Of Commerce (CM) from $5.20 to $5.32; National Bank of Canada (NA) from $2.32 to $2.40.

And today, Bank of Nova Scotia (BNS) increased its annual dividend from $3.16 to $3.28. BMO Bank of Montreal (BMO) also increased its dividend today, from $3.60 to $3.72, and during that time, the TSX closed today session at 15 671.15 points.

My US stocks KO also increased its dividend. 

Do I really need to go deeper and explain why dividend investing is the hottest thing ever? Things are exactly like Derek Foster explain in his books: over time, good companies increased their dividend distribution.

Susan Brunner reviewed one of my latest investment, Bombardier Inc. (BBD.B). I never expected to hold on to Bombardier for a really long time. I am going what I like to call a quick hit-and-run investment: I will sell soon at profit. It's not the first time that I am investing in BBD.B. Int he past, I also sell off at profit some Bombardier shares. This company is not well managed enough to be considered as a serious investment for the long run. Right now, me and Bombardier, its strictly play time to satisfy my taste for self-satisfaction. 

I didn't forget about my TFSA contribution in kind post - its just I had some announcements to make today regarding my dividend income.


Anonymous said...

I would give anything to bring Harper back. Trudeau has done nothing for Canada since he came in except stuff the wallets of those with kids. I got nothing when I had my kid. Canada is now seen as anti business and nobody wants to invest here. All he cares about is feminism and indigineous rights, and spending wastefully like a drunken sailor. He should be reducing the debt when the economy is good. No need to spend (and it wasn't even on infrastructure) Mr. Morneau is so out of touch. We are becoming so uncompetitive against the United States. I thought the budget was just a bunch of socialist statements.

Mr. Harper - please come back and be our next prime minister before our country is ruined.

PS - I thought BMO raised their divvy last quarter and did nothing this time.

Anonymous said...

how are you estimating your dividend income? I dont understand why that estimate would change in 7 days and from posts-to-posts. Is it just the increase like the one from BNS?

Your income doesn't change with the stock price, it's a fixed about multiplied by the number of shares you own, and then you need to consider the increases only for the remaining dividend dates this year.

Sunny said...

Here's how to calculate your annual dividend income:
number shares x annual dividend distribution of the stock
but I guess you know that ;-)
Its just that I forgot a few things in my calculations.
I have this little notebook in which I update my annual dividend income and it's a bit messy.

No, my income doesn't change the stock price.
However, a stock that increased its dividend income is more inclined to increase in profit. And if a company increased its dividend, its usually because they are making a bunch of $$$ and are profitable. So that equal to capital gains on the long run.


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