Dividend Portfolio Value
As at July 31, 2015 , my
dividend portfolio balance is at $21,628.99, practically unchanged from
the previous month. The Canadian market experienced a lot of volatility in
July, but then recovered most of the losses right before the month end. This
could be a beginning of a summer rally which usually lasts until the end of
September. The banks might help to push the TSX higher, but the energy sector
will cap the gains.
TSX gained over 450 points in four days
Last month I wrote that we
might have further downside pressure on oil prices because oil companies are
still pumping at records high. The demand cannot keep up with supply. At this
point the oversupply of oil stands at 3 mb/d. The question now is will the
price of oil test $43 level or will it bounce back from here? This will be
evident by the end of next month. I haven’t been adding energy stocks since
last summer, but I plan to do so probably this fall. I will be looking at
pipelines and energy royalty stocks before adding the producers.
My Investment Account (Tax Free Savings Account)
My TFSA consists of 23 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.
Dividends
In July, I received a total of $141.19
in dividends vs $93.29 for the same period a year ago. That's an increase of $47.90
or 51% on year-over-year basis. My total Year-to-Date dividend income for 2015
is $805.24. My dividend goal for 2015 is to receive $1,400. All
dividends are reinvested back into dividend paying stocks.
Contributions
In July, I added $800 of fresh
capital to my account. So far my total contribution for 2015 reached $5,600. My
priority is to maximize my TFSA account each year. The current TFSA
contribution limit is $10,000 per year.
Transactions
July was a busy month in terms
of transactions and capital cycling. I sold 150 shares of Regal Lifestyle
(RLC.TO) at $12 per share because it got acquired. I decided not to wait until
the deal is closed and sold my shares to the market. I liked the stock, it paid
good dividend and it brought me a decent capital gain. My average price was
about $9 per share. I held the stock for over a year and collected over 6% in
dividends.
Sold RLC.TO 150 shares at $12 per share.
Bought GRC.V 600 shares at $0.89 per share.
Bought DIV.TO 290 shares at $2.95 per share.
Bought PLZ.UN.TO 130 shares at $4.37 per share.
Bought PZA.TO 45 shares at $13.58 per share.
Bought ECI.TO 45 shares at 13.59 per share.
