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February 2018 Portfolio Update

Get Rich Brothers profile picture
Get Rich Brothers


  • My February dividends have been tallied.
  • The Feb-May-Aug-Nov quarterly schedule has proven to be a light period for dividends.
  • I made three stock acquisitions through the month.

As a dividend growth investor (DGI), I am driven to keep track of both my inflows and outflows. Increases in investment income represent one measure to assess whether I am winning or losing the game of money. While I have been diligent to track my progress on a quarterly and annual basis over the past few years, I have recently decided to move to monthly status reports.

CAD Dividends

Company CAD Payments ($)
RioCan Real Estate Investment Trust (OTCPK:RIOCF) 31.32
Jean Coutu Group Inc. (OTCPK:JCOUF) 29.51
Chartwell Retirement Residences (TSE:CSH.UN) 4.80

Dividend Summary

My dividend income for the month of February amounts to a slim $65.63 CAD. Given that I only started tracking monthly dividend income last month, this is surprising to me to see. Of the 22 quarterly dividend payers in my portfolio, only one makes its payment in February. This comes in stark contrast to my January totals which rang the bell at $341.80 CAD and $13.36 USD. As a result, I expect next month to come in strong in similar fashion to January.

Even having noted the above, JCOUF is slated to be merged into Metro, Inc. (OTCPK:MTRAF) soon since the deal between these two companies was approved by shareholders recently. I am still on the fence as to whether I want to retain a position in MTRAF which, despite the fact that it will be merged with JCOUF, is a less desirable holding in my view. While I am going to take a deeper dive into this in the coming month, there is a fair chance that I will leave half of my investment here and take the other half in cash to reinvest elsewhere; likely by adding to a bank or utility already existing in my portfolio.

The lone standout this

This article was written by

Get Rich Brothers profile picture
I’m a mid-thirties Canadian presently employed at my day job with a healthcare facility working in Clinical Informatics—software and programming, specifically. I’ve been investing in individual equities since 2009 when I made my first purchase in Toronto-Dominion Bank (TD). I still hold those shares and have continued on my path of being a net accumulator of assets under the dividend growth investing model. I believe cash flow is king and focus my investment efforts on building an ever-growing source of passive income which will someday fuel my financial freedom. My life philosophy is simple: Leave all things a little better than how you found them.

Analyst’s Disclosure: I am/we are long RIOCF, JCOUF, FTS, CDUAF, CBYDF. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.


Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (2)

Thank you for your update. Interesting choices. I wonder you chose them. Do you use screeners?
Get Rich Brothers profile picture
I don't explicitly use screeners to just go look at the numbers. I've been following the market pretty closely over the years and have a feel for the sorts of companies I would be interested in. I also follow portfolios and articles from other dividend growth investors to see what else might be out there.

Once I identify a new company I'm interested in, I do some research from there to determine if it fits my investment philosophy. Lately I've been most interested in deepening positions I've already opened by reinvesting into them. Taking on new positions means additional maintenance/upkeep, so I'm endeavouring to be conscious of that as I go forward.

Do you have any overlap in your portfolio from what I have?

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