Hello there! This is my blog capturing my experience, thoughts and results since the start of my journey into dividend investing and portfolio building. Dividend Investor, Bank CSR and Blogger. Learning about investing while starting a career in Finance, aiming for the CFP. Thank you for sharing in my journey!
Beginning of November, 2017 I bought an additional 72 shares of CAP REIT at $34.6. With its monthly distribution of $0.10667 per share, I will receive $7.68 more per month, $92.16 per year. With my prior shares my total position in CAP REIT is now 110 shares, with a monthly distribution of $11.7 and $140.80 annually.
My rationale for the purchase is that while CAP REIT has a lower than average dividend yield for a REIT at around 4% at the time of purchase, they have proven to have a good track record for increase it as they increase their rental property rates. The REIT is also consistently working on bringing additional apartment and townhouse complexes online, as well as expanding into the Netherlands.
I like to think of them as my pseudo, slowly growing 'rental property'. :)
Description of Canadian Apartment REIT
"Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) is a Canada-based open-ended real estate investment trust. CAPREIT's investment objectives are to provide unitholders with long-term, monthly cash distributions; grow normalized funds from operations (NFFO), distributions and Unit value through the management of its properties, acquisitions and financial management, and reinvest capital within the property portfolio. CAPREIT owns and operates a portfolio of multi-unit residential rental properties, including apartments, townhomes and manufactured home communities (MHC) located in and near urban centers in Canada. CAPREIT owns interests in approximately 46,790 residential units, consisting of over 40,501 residential suites and approximately 30 MHC's, consisting of approximately 6,290 land lease sites. CAPREIT owns leasehold interests in approximately 15 properties located in the Greater Toronto Area. The leases mature between 2033 and 2037."
Another update on the lovely dividends that I have received so far this year. May is one of my slower months, with mostly just the monthly dividend payers. I am quite happy with the income base that those companies provide, and just knowing that every month I will get and be able to reasonably rely on $60+ per month if needed.
A recent stock purchase of mine, I added to my previous 140 shares of Pizza Pizza Royalty Corp with an additional 115 shares. At the time of purchase the shares were trading at $15.82, and as of writing on August 28th, 2017 at $16.36. (yay) The stock pays a consistently growing monthly dividend of $0.0713, which was a dividend yield of about 5.4% at the time of purchase. And adds $8.2 monthly and $98.4 annually. I am definitely happy to be getting a slice of that pizza pie!
Just a quick post to show my dividends for the month of March. I am happy to report that this March showed a healthy increase in my passive income. With dividend raises from Suncor and Manulife Financial. As well as a new contributor in Canadian Apartment REIT, with its monthly distribution.
Dream Office REIT
Pembina Pipeline Corp.
CDN Apartment REIT
In total, I received $113.72 in dividends, with an increase over the previous comparable month by $9.36. It feels pretty good to have hit the $100 mark and now starting to move ahead of it!
It has been far too long since I have provided an update on my Tax Free Savings Account portfolio! In fact almost a full year since that last update on May 29th, 2016.
So I am very happy to be able to present my current holdings and to take a look at how my stocks have done since my last update 11 months ago! Since that time I have made a few buys and sells within the portfolio. Read more »
A recent purchase of mine this year, and a new position added to my portfolio is Canadian Apartment (CAP) REIT, which goes by the Toronto Stock Exchange ticker CAR.UN. This is now my third REIT position that I hold and rounds out that trio nicely. My other two REIT's are Dream Office REIT, which focuses on large office buildings and commercial spaces, RIOCAN REIT which operates retail spaces, plazas and malls and now CAP REIT which covers residential properties, apartment buildings and manufactured home communities.
The first month of the year started off strong once again. Setting a great pace for the rest of 2017. My larger quarterly dividend paying positions came through very nicely! With three of them paying out over $40! And higher than January 2016 due to numerous dividend increases :)
The final dividend update for 2016! Another quiet month of stable dividend income, coming out the same as the previous comparable month. With the help of my slightly larger Manulife position, the total dividends hit $104.36, nicely over the $100 mark!