Recent Dividend Increases

DivGrowthInfo The birth of our baby girl has kept me busy over the past few weeks. As such, I missed capturing the dividend increase announcements. Instead of posting each increase separately, I will capture the increase announcements in a single post here – for the sake of easier documentation.

On April 26, 2016 Wells Fargo & Co (WFC) announced a 1.33% dividend raise. The quarterly dividend increases from $0.375 to $0.38. The new dividend amount is payable Jun 1, 2016 to shareholders on record on May 6, 2016.

On April 26, 2016 Apple Inc (AAPL) announced a 9.62% dividend raise. The quarterly dividend increases from $0.52 to $0.57. The new dividend amount is payable May 12, 2016 to shareholders on record on May 9, 2016.

On April 27, 2016 The Jean Coutu Group (PJC.A.TO) announced a 9.09% dividend raise. The quarterly dividend increases from C$0.11 to C$0.12. The new dividend is payable May 27, 2016 to shareholders on record on May 13, 2016.

On April 28, 2016 Johnson & Johnson (JNJ) announced a 6.67% dividend raise. The quarterly dividend increases from $0.75 to $0.80. The new dividend amount is payable Jun 7, 2016 to shareholders on record on May 24, 2016.

On May 3, 2016 Cineplex Inc (CGX.TO) announced a 3.85% dividend raise. The monthly dividend increases from C$0.13 to C$0.135. The new dividend is effective May and will be paid in June 2016.

On May 12, 2016 Algonquin Power & Utilities Corp (AQN.TO) announced a 9.97% dividend raise. The quarterly dividend increases from US$0.0963 to C$0.1059. The new dividend is payable Jul 15, 2016 to shareholders on record on Jun 30, 2016.

On May 13, 2016 Power Corporation of Canada (POW.TO) announced a 7.63% dividend raise. The quarterly dividend increases from C$0.31125 to C$0.3350. The new dividend is payable Jun 30, 2016 to shareholders on record on Jun 9, 2016.

Be sure to check out Dividend Growth Info for regular weekly updates and follow DivGrowthInfo on Twitter for all dividend growth increase announcements.

Full Disclosure: Long all stocks mentioned above.

Recent Buy – Seg Funds

My employment situation changed recently and as part of the compensation package, I was offered RRSP (Registered Retirement Savings Plan) match on ongoing contributions. This sounds great, but the annoying part has been the fact thatthe plan is administered by an insurance company, and I need to pick from their segregated funds – all of which have exorbitant management fees.

So that I don’t leave money on the table, I decided to sign up and will be making regular contributions on a bi-weekly basis.

Of the funds available, nothing looked great – but I had to pick atleast one. So after a lot of debating, I decided to simply go 50-50 on US Equity Index and International Equity Index funds. Both these funds use Toronto-Dominion’s (I am already a TD shareholder — so, good to see my holding offering competitive products 🙂 ) mutual funds as the underlying funds.

  • The US Equity Index Fund is essentially a S&P 500 tracker and has an MER of 0.383%
  • The International Equity Index Fund tracks developed market companies ex-North America; and has an MER of 0.491%

Those MER rates are high for essentially an index fund (The other funds had even higher MERs!), but like I said – I had to pick some investment to take advantage of the employer matching.

These are front load funds – so, the charges are applied up front and I can sell them whenever I want. Upon further querying the plan administrator, I found that I get one free sale per year and all subsequent sales will incur a $50 admin fee penalty. For now, I will let the funds collect and grow. I will probably revisit in a year and possibly sell to move the funds to my self-directed RRSP investment account in order to avoid compounding of the management fees.

 

Passive Income Update – April 2016

Welcome to our monthly passive income update for April 2016. This is part of the scorecard series where we track our dividends and other sources of passive income. We also include changes and updates related to our investments during the month – showing the growth of our dividends going forward.

Passive Income  Update

Passive income for the month of April 2016 was C$637.46. The passive income for the month comprised of US$276.52 and C$289.04 (exchange rate is US$1 = C$1.26).

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Passive income change is -6.09% QoQ and +2.41% YoY for the month. The passive income YTD is $2,805.40, which achieves 31.17% of our annual goal of earning $9K.

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