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I am finishing the year strong! I am ending the year with my biggest dividend income month. Considering I took at step back a few months ago when I sold all my mutual funds, I am pretty pleased with the results of my new investments and how I have all my accounts setup for TFSA, RRSP, RESP and non-registered accounts with Computershare and CanStock.
If you did not catch my last Dividend Stock Analysis, I reviewed Canadian Natural Resources. It’s an interesting company with a very attractive valuation right now if you are willing to wait.
Dividend Income
My December dividend income is $550.16! It’s my biggest month ever and it beats my previous month by 1 dollar 
I can imagine what you are thinking – biggest month by one dollar; what’s that big deal. Look at the graph below and see how I was able to recover since October. Selling my mutual funds cost me over $100 in dividend income per month and I was able to safely get it back up there without chasing the yield. I admit that I have high yield stocks and I have written that some high yield stocks have a space in a portfolio.
Any future magic in dividend growth will come from saving and investing new money. Saving is the fastest way to grow a portfolio.
Dividend Paying Holdings
No new trades planned before the end of the year. These are the stocks I will finish the year with. If you read my ‘How To Rebalance a Stock Portfolio‘, you will noticed that I highlighted I was not on target for utilities. I own a fair number of them but the amount is not high. I plan on making this a priority in the new year. Enbridge and Fortis are going to see more Computershare contributions and I want to add back Emera.
Broker Accounts (RRSP, TFSA, …)
- AT&T (T)
- Bank of Nova Scotia (BNS)
- Bank of Montreal (BMO)
- Bell Alliant (BA)
- National Bank (NA)
- Canadian National Railway (CNR)
- Chevron (CVX)
- Coca-Cola (KO)
- Cominar Real Estate (CUF.UN)
- Crescent Point Energy (CGP)
- Enbridge Income Fund (ENF)
- Husky Energy (HSE)
- Johnson & Johnson (JNJ)
- Kimberly-Clark Corporation (KMB)
- Liquor Store (LIQ)
- Manulife Financial Corp. (MFC)
- Microsoft (MSFT)
- Power Financial (PWF)
- Rogers Communications (RCI.B)
- Royal Bank of Canada (RY)
- Shaw Communication (SJR.B)
- Toronto Dominion (TD)
Computershare & CIBC Mellon Accounts
- Bank of Nova Scotia (BNS)
- Bank of Montreal (BMO)
- Canadian Imperial Bank of Commerce (CM)
- Enbrdige (ENB)
- Fortis (FTS)
- Bell Canada (BCE)
- RioCan (REI.UN)
- Sun Life (SLF)
- Telus (T.A)
- Transcanada Pipeline (TRP)
- TransAlta (TA)
Readers: Do you have any stocks on your radar?
Disclamer: Please note that this blog post represents my opinion and not an advice/recommendation. I am not a financial adviser, I am not qualified to give financial advice. Before you buy any stocks/funds consult with a qualified financial planner. Make your decision at your own risk - see my full disclaimer for more details.
Image: Master isolated images / FreeDigitalPhotos.net
I am new to this amazing website. It taught me that I have been irresponsible. My spouse was meant to be the benefactor of my savings, as she was a home maker. Time to be humble.
As a retired senior I have neglected my investments in stocks. I need to set up a methodical administration process that will make “cleaning house” and give me at least transaction level control of a non greedy portfolio in 2013.
My biggest problem for this 40 year old portfolio is determining the “Adjusted Cost Base” (ACB) of stocks and their DRIPS. I have all the paper for those 40 years (most of it I think).Of course I’d like to know which stocks are “dogs”; specially those whose bark is getting louder. They gotta go.
Is there a SPREADSHEET TEMPLATE that I can use to update drip, split, buy /sell that tracks accurately the ACB. I would need this spreadsheet to be able to automatically update the prices of my stocks; currently all Canadian. I cannot put together Excel macros, but when I see them, I can figure out how they work.
I’d be most greatful if you or one of you members can send me one. It would take me forever to figure this out. BTW I cannot deal with the complexity and tediusness of Money or Quicken.
I need to get going ASAP to claim losses against gains for the 2012 tax year. The 40 years of drips to work with to calculate the ACB is 2 to 3 months of work. I need this spreadsheet to get going!
Your website is a tremendous resource for my education. I use TDW screeners to learn the criteria for stock selection. I could not find these at yahoo or google.
Thanks
Great looking portfolio and solid income. Well done. I look forward to comparing notes and our healthy competition in 2013
@My Own Advisor
I am looking forward to 2013! Already planning my TFSA investments
Stocks looking for buy opportunity
CHE.UN < $15.50
AAR.UN < $ 4.60
BCE < $41.00
RSI < $ 5.50
RUS < $25.00
I would draw on LOC at these prices. I have owned all these at one time or another an dstill own three
@Richard
Thanks for sharing. I am not familiar with most of them except for BCE. I’ll be sure to check them out.
Great work!
You recovered very well, you should have a solid year for 2013.
I reinforced my shares of SPZ today, and the stock under my radar actually are CJR.B, EH, DH and EIF.
@farcodev
Thanks for the kind words. I have DH on my watch list too. They have reinvented themselves quite well.
You’re welcome
I’m agree for DH, this company is a good example of adaptation to changes.
the prices you stated here are not the price they were on the date of your post. they way more.