Wednesday, August 24, 2016

Royal Bank of Canada Increases Dividend Once Again

Hello everyone I hope you are all doing great. Today my portfolio received a dividend increase. Today Royal Bank of Canada after releasing their third quarter earnings announced an increase to their dividend.



Royal Bank of Canada (RBC) is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. It operates in five segments: Personal & Commercial Banking, which operates comprises its personal and business banking operations, as well as its auto financing and retail investment businesses; Wealth Management, which comprises Canadian Wealth Management, United States and International Wealth Management and Global Asset Management (GAM); Insurance, which operates under two business lines: Canadian Insurance and International Insurance; Investor & Treasury Services, which is a provider of asset servicing, custody, payments and treasury services, and Capital Markets, which comprises two business lines: Corporate and Investment Banking and Global Markets. It operates in three geographic segments: Canada, United States and Other International.

(Source: Google Finance)

Royal Bank of Canada currently pays a dividend of $0.81 with today's announcement the dividend will increase 2% to $0.83. This will be payable on November 24th, 2016. Since I initiated a position with RBC this is the 5th increase I have received since 2014.

I currently own 77 shares and with this announcement my income will increase $1.54 in 2016.

If you own shares in the bank (TSX: RY) congrats on the raise.

Matthew

Wednesday, August 10, 2016

Another Raise From The Keg Royalties Income Fund

Hello everybody how are you? I got home from work today and discovered some exciting news I got a raise not from work but from one of my stocks :)


The Keg Royalties Income Fund is a limited purpose, open-ended trust. The Trust's objective is to provide consistent monthly distributions to unitholders at the highest sustainable level, and the Trustees of the Trust review distribution levels on an ongoing basis to fulfill that objective. The Trust pays distributions on a monthly basis to unitholders. The Trust is administered by its trustees and by the Keg Rights Limited Partnership (Partnership). The Trust, through the Partnership, owns The Keg trademarks and other related intellectual property from Keg Restaurants Ltd. The Trust makes cash distributions to its unitholders of amounts received by the Trust pursuant to interest paid on the Keg Loan and the Notes and pursuant to distributions on the Trust Units, less estimated amounts required for the payment of expenses, any cash redemptions of Units and reasonable reserves. The Keg GP Ltd. is the managing general partner of the Partnership and administrator of the Trust.

(Source Google Finance)

Today The Keg Royalties Income Fund increased the dividend 2% from $0.0900 per unit to $0.0918 per unit beginning with the August distribution. This is the second dividend increase from The Keg in 2016 ( 2.9% increase in May 2016).

I own 166 shares and this is the second increase that I received this starting a position in the stock. With this raise my income will increase $1.50.

Thanks for reading I hope everyone is receiving increases :)

Matthew

Wednesday, August 3, 2016

July 2016 Income

Hello everybody another month is in the books, 2016 is flying by way to fast. It is time for my favourite post where I get to tell you how my portfolio did for the past month. I have exciting news July was my BEST month in terms of dividends received. In July I received a total of $367.33 my previous high was in April when I had received $346.87.

My portfolio is made up of two accounts my TFSA (Tax Free Savings Account) and RRSP (Registered Retirement Savings Plan). For my TFSA I received $88.84 it is slightly higher than previous months has I received my first payment from Corus Entertainment. For my RRSP I received $278.49.

TFSA

Inter Pipeline$17.03
The Keg Royalties Income Fund$14.94
Artis Real Estate Investment Trust$13.95
Boardwalk Real Estate Investment Trust$13.13
Boston Pizza Royalties Fund$12.31
Chorus Aviation$10.92
Corus Entertainment$6.56
RRSP

BCE$75.08
TransCanada$57.63
JP Morgan$54.87
Algonquin Power & Utilities$42.00
Telus$31.74
Pizza Pizza Royalty Corp.$16.76
North West Company Inc.$0.31
Leon's Furniture$0.10

Dividends Received in 2016

So far in 2016 I have received a total of $2040.31




Dividend Increases/Decreases


  • On July 12th Alimentation Couche-Tard increased their dividend 1 cent per share or 15% to 7.75 cents.
  • On July 28th Potash Corp cut their dividend 60% to $0.10 US from $0.25 US.


Purchases

I made one purchase in July. On July 18th I purchased 127 shares @$9 of ZCL Composites Inc.


Thanks for reading I hope everyone had a great month as well :) please feel free to post comments I would love to hear your thoughts.

Thanks
Matthew

Thursday, July 28, 2016

Potash Corp Cuts Dividend 60%


Hello everyone I wish I was writing about something positive happening to my portfolio, but today it suffered a small setback. Today Potash Corp announced that they were cutting their dividend by 60% to $0.10 US from $0.25 US.

This is the second dividend cut for Potash Corp in recent months. In a way I am glad they did this because ever since they cut the dividend there was consistent talk that the cut wasn't deep enough. I believe this move will help free up cash until the fertilizer market improves. This morning when I read the news the first thought was to go sign in to broker account and sell, but after a few minutes I calmed down and realised that I would be overreacting since I am in this for the long haul I am going to keep the stock in my portfolio and monitor the situation.

I currently own 45 shares of Potash Corp and with the dividend cut I will lose $13.50 in passive income for the remained of 2016.

Thanks for reading

Matthew

Monday, July 18, 2016

New Purchase - ZCL Composites Inc.

Hello everybody hope you are all doing great. Today I made a purchase and would like to share it with you. The newest stock to my portfolio is:



ZCL is North America’s largest manufacturer and supplier of environmentally friendly fibreglass reinforced plastic (“FRP”) underground storage tanks. We also provide custom engineered aboveground FRP and dual-laminate composite storage tanks, piping and lining systems, and related products and accessories where corrosion resistance is a high priority. ZCL has five plants in Canada, six in the US and one in The Netherlands.

The Company has three product groups, Petroleum Products, Water Products and Corrosion Products, and continues to leverage off the strong brand identities of ZCL, Xerxes, Parabeam, ZCL Dualam and ZCL Troy. The Petroleum and Water Products groups are components of the Underground Fluid Containment (“Underground”) operating segment, use a similar production process, and use the brand identities of ZCL, Xerxes, and Parabeam. Corrosion Products are included in the Aboveground Fluid Containment (“Aboveground”) operating segment and use the brand identities of ZCL Corrosion, ZCL Dualam and ZCL Troy.

Underground Fluid Containment (Petroleum Products)

ZCL is the leading provider of underground fuel storage tanks for the downstream retail and commercial markets in both Canada and the US. The Company also supplies tanks for pipelines (midstream petroleum markets) and for oil and gas exploration companies (upstream petroleum markets). The vast majority of tanks supplied to these markets are double wall tanks, with single wall and triple wall models also available. In addition, ZCL operates internationally through technology licensing agreements.

As an alternative to the replacement of underground storage tanks, ZCL also provides the Phoenix System®. This unique Underwriters Laboratories (“UL”) and Underwriters Laboratories of Canada (“ULC”) listed tank system allows in-situ upgrades of steel or fibreglass tanks to either a secondary containment system or a fully self-supporting double wall tank. It is an effective alternative to tank replacement.

A key component of both ZCL’s double wall tank and the Phoenix System® is Parabeam®, a three-dimensional glass fabric that is manufactured and distributed from the Company’s facility in The Netherlands.

Water Products

ZCL’s lightweight, watertight and easily installed fibreglass tanks are an ideal alternative to the concrete products that have traditionally dominated this market.

Applications for ZCL’s underground FRP storage tanks in the Water Products market include onsite wastewater treatment systems, fire protection systems, potable water storage, rainwater collection, large diameter wet wells and lift stations, grease interceptors and storm water detention systems.

Aboveground Fluid Containment ( Corrosion Products)

ZCL manufactures custom designed and engineered aboveground tanks, piping and related products and accessories for industrial projects where corrosion and abrasion resistance is high priority. ZCL’s capabilities include the manufacture and installation of custom engineered FRP and dual-laminate composite products for use in the power generation, chemical, chloralkali, pulp and paper, agriculture, mining and Oil Sands industries.

(Source for above information ZCL Composites 2015 Annual Report)

2016 First Quarter Highlights


  • Revenues up 12%
  • Net income up 104%
  • Gross Margins doubling to 18%
  • EBITDA up 46%
  • Increased dividend 60%
  • Paid special dividend of $0.50
Majority of the revenues was generated by the Underground segment including both the Downstream Petroleum and the Water Products groups, which are benefiting from the low energy prices.

Revenue Per Product Group




Revenue Per Geography




Dividends

ZCL Composites Inc. started paying a dividend in 2012 $0.01 per share, since then they have increased it every year. In that time frame the dividend increased 9 times. This year the dividend was increased 60% to $0.08, also there was also a special dividend where the company paid out $0.50 per share in April.




Stock Purchase Details

As mentioned above today I purchased 127 shares @ $9.00 a share with a trading cost of $9.99 for a total cost of $1152.99. This purchase will provide me dividend income of $20.32 for the remainder of the year if the dividend remains the same. The stock was purchased in my TFSA account.

So what do you guys think? I would love to hear your opinions.

Thanks for reading.

Tuesday, July 12, 2016

Alimentation Couche-Tard Increases Dividend

Couche-Tard is the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of number of company-operated stores. In Europe, Couche-Tard is a leader in convenience store and road transportation fuel retail in the Scandinavian and Baltic countries with a significant presence in Poland.
As of January 31, 2016, Couche-Tard’s network comprised 7,979 convenience stores throughout North America, including 6,560 stores offering road transportation fuel. Its North‑American network consists of 15 business units, including 11 in the United States covering 41 states and four in Canada covering all ten provinces. About 80,000 people are employed throughout its network and at its service offices in North America.
In Europe, Couche-Tard operates a broad retail network across Scandinavia (Norway, Sweden and Denmark), Poland, the Baltics (Estonia, Latvia and Lithuania) and Russia. As of January 31, 2016, it comprised 2,218 stores, the majority of which offer road transportation fuel and convenience products while the others are unmanned automated fuel stations.
The Corporation also offers other products, including stationary energy, marine fuel and chemicals. Couche-Tard operates key fuel terminals and fuel depots in six European countries. Including employees at franchise stations carrying its brands, about 19,000 people work in its retail network, terminals and service offices across Europe. 
In addition, around 1,500 stores are operated by independent operators under the Circle K banner in 13 other countries or regions worldwide (China, Costa Rica, Egypt, Guam, Honduras, Hong Kong, Indonesia, Macau, Malaysia, Mexico, the Philippines, the United Arab Emirates and Vietnam). These bring Couche-Tard’s total network to almost 11,700 sites.
Since the acquisition of Topaz Energy Group Limited on February 1st, 2016, Couche-Tard also operates a convenience and fuel retailing network comprised of 444 service stations in Ireland as well as a significant commercial fuels operation, with over 30 depots and two terminals.
(Source Couche-Tard's website)


Today Alimentation Couche-Tard announced their 4th quarter earnings and in doing that they also increased their dividend. They increased the dividend by 1 cent per share or 15% to 7.75 cents. The increase takes effect on August 4th.

I currently own 9 shares of the company and with this increase my income will increase by 18 cents. Not a big number for me but I plan on adding to my position in the future.

So does anyone else own this stock? If so congrats on your raise today :)





Wednesday, July 6, 2016

Dividend Investing Anniversary

Hello everybody I hope you are all doing great and enjoying the summer. This month marks the second anniversary of my decision to become a dividend growth investor. Since making that decision I have kept track of each company I own and the amount of dividends they have paid me. So I thought it would be fun to share with you what each company has paid me for investing with them.

TFSA

As of July 6, 2016
Long Run Exploration$288.10
Chorus Aviation$160.94
Boston Pizza Royalties Fund$61.55
The Keg Royalties Income Fund$58.94
Artis REIT$55.53
Boardwalk REIT$52.52
Inter Pipeline$51.09
Evertz Technologies $37.26
Pizza Pizza Royalty Corp$17.59
Total$783.53

RRSP

As of July 6, 2016
BCE$479.11
Bank of Montreal$447.60
Fortis$439.03
Royal Bank of Canada$413.76
Proctor & Gamble$404.82
TransCanada$356.55
JP Morgan$328.69
Pizza Pizza Royalty Corp$323.75
Algonquin Power & Utilities$304.65
Canadian Utilities$301.17
Enbridge$272.11
Coca-Cola$130.62
Telus$126.06
McDonald's$91.57
Power Corp of Canada$23.27
Potash Corp of Sask.$14.40
Magna International$11.61
Tim Horton's $8.96
North West Company$0.62
Alimentation Couche-Tard$0.61
Westjet$0.28
Leon's Furniture$0.10
Total$4,479.34

Accounts Total Year by Year





In 2015 my TFSA dropped quite a bit that was because in 2014 I made a decision which has turned out to be terrible to sell all my stocks and invest in one company because they had a good dividend. It was a small to medium oil producer and we all know what happened to the price of oil it tanked. In 2016 I got my TFSA turned around and headed in the right direction again.

Except for a couple of hiccups I am very happy how the last two years have turned out for my portfolio, I have learned a great deal from my mistakes and will not repeat them. I can't wait to see what the future has in store for both myself and fellow dividend growth investors.

Any thoughts on my post? I would love to hear from you. Also it would be great to see other investors post their totals if you keep track of that. I am a numbers nerd lol.

Thanks for reading.

Matthew