Dividend Portfolio Value
As at 
TSX lost 600 points in June 2015
The price of oil was trading
sideways for the month of June. We saw some crude inventories dropping and strong
consumer demand as summer driving season kicked in. But this was not enough to
keep the price of oil to the upside. I think there will be more weakness in oil
prices for a few months. I plan to buy oil stocks this fall or once the double
dip occurs again.
My Investment Account (TFSA)
My TFSA consists of 24 Canadian
dividend paying stocks. Most of my stocks pay dividends on monthly basis. This
allows me to collect dividends and reinvest them into dividend paying stocks more
rapidly. I will pursue my strategy for this year and the next, until I double
monthly dividends to $200 per month. Then I will be adding Utilities and Banks to my portfolio.
Dividends
In June, I received a total of $117.96
in dividends vs $87.54 for the same period a year ago. That's an increase of $30.42
or 35% on year-over-year basis. My total Year-to-Date dividend income for 2015
is $663.75. My dividend goal for 2015 is to receive $1,400. All
dividends are reinvested back into dividend paying stocks.
Contributions
In June, I contributed $800 to
my TFSA. My objective for 2015 is to contribute $6,000. So far I contributed
$4,800 since January 2015. Since the TFSA contribution limit was raised to
$10,000 per year, I might continue to contribute the same amount until the end
of the year.
Transactions
Student Transportation (STB.TO)
I bought 60 shares of STB at $6.02
per share. I decided to take advantage of a recent pullback in share price. Whenever
the price reaches $6, I’m a buyer of this stock. But this happens very rarely,
once every 2-3 years. Insiders are buying too. The Company is a provider of
school bus transportation services in North America ,
operating more than 12,000 vehicles in over 300 school districts. At the
current price, STB offers a 9% dividend yield and this purchase will bring
additional $2.78 per month in dividend income.
Diversified Royalty Corp (DIV.TO)
I bought 160 shares of DIV at $3.09
per share. The company has a royalty stream in the restaurant chain primarily
located in Western Canada . Recently
they announced a new royalty acquisition from Sutton Group. They purchased
their intellectual rights and leasing the rights back to them. The management
has a long track record in royalty streams. I hope that this company will grow
into a bigger story. The dividend yield is about 6.39% and this purchase will
bring additional $2.51 per month in dividend income.
