First National announced a Special Dividend

If you’re the shareholder of First National Corporation (FN.TO), you probably know that you will get a juicy dividend in December. The company announced this Tuesday that they will pay a special dividend of $1.25 per shares on December 15, 2017. They generated excess capital and have decided to distribute that between the shareholders like you and me.

First National is Canada’s largest non-bank lender. I started to invest in FN.TO a few years ago when they had $80 billion of mortgages under administration. Back then, the shares were trading in low twenties, offering a dividend yield of around 7%.

Today, the corporation has $100 billion of mortgages under administration and still pays a decent dividend on monthly basis. Since I have 85 shares in my portfolio, I will receive a special dividend of $106.25. That will be a great boost to my dividend income.

Portfolio Value Update - September 2017

Portfolio Value

As of September 30, 2017 my investment portfolio balance stood at $47,625.76. That’s an increase of $1,614.58 from last month. It was the best performing month of 2017 in terms of capital appreciation. We have three months until the end of the year and I think I will reach my goal of $50K.

Portfolio Value Update - August 2017

Portfolio Value

As of August 31, 2017 my investment portfolio balance stood at $46,011.18. That’s an increase of $1,198.94 from last month. A much better performance compared to the previous month. New contribution, dividend income and capital appreciation helped my portfolio value to climb above 45K threshold. The rebound of the Canadian market in the last 3 days of August, has helped a lot in terms of capital appreciation.

Recent Purchase: Smart Reit

Welcome back everybody! Here's my recent purchase update. On August 24, 2017 I bought more shares in Smart Reit (SRU.UN.TO). Smart Reit is one of my favourite Canadian Reit for many good reasons. They own great shopping centres with reliable tenants like Wal-Mart and have interest in many residential developments.

Portfolio Value Update - July 2017

The month of July have passed and it's time for me to report my dividend investing progress. The month of July was one of the worst performing month for my portfolio. The Canadian stock market continued to decline and dipped bellow 15,000, but it's now showing a sign of bottoming. Hopefully stocks will recover in August and will give my portfolio a boost. Meanwhile, let's see how my portfolio performed in July.