January, April, July and October are my investing accounts 4 favorite months of the year because half of my dividends are paid quarterly in those 4 months. This is the first month I stepped back and was really excited about the progress made the last three years. I started a spreadsheet this month detailing the year over year increases per month with dividend investing and seeing it go from $6.25 in August 2015 to $614.71 in April 2018 is incredible. The best part is you can do it too!
The point of posting monthly dividends is to A) keep myself on top of it (accountability) B) List the companies that increased their dividends and C) keep a "watchlist" of sorts and always re-evaluate those possible companies, month to month. The following are the companies that paid me dividends for owning shares:
CWX.TO (Building materials)
April Total = $614.71
I re-invested the dividend income using a direct re-investment plan (DRIP) with 6 of those companies and took in a total of 50 more shares. Those 50 new shares will pay me dividends next quarter and even if I don’t buy more shares, I will beat the $614.71 paid in April 2018… ah the beauty of dividend investing.
The reason these are all Canadian companies is because I am holding these companies in my Tax Free Savings Account (TFSA) and am avoiding paying a 15 percent withholding tax on them if they were US dividend paying companies.
The companies that raised their dividends for the month of April 2018 were:
BCE (5.2 percent)
TD (11.7 percent)
BNS (3.8 percent)
Not a bad little raise for each of those… especially TD. TD bank has the lowest dividend payout of all the big banks so I am not surprised to see it’s dividend rising quickly.
A few companies that are on the radar for April 2018 but for one reason or another, I am not taking the plunge are:
Stay tuned for posts on why the above companies are on our radar and our personal investing philosophies.