February 2019 Dividend Income Report, My Dividends Have Been Cut?!

The Dividend Guy profile picture
The Dividend Guy


  • Last year, my February dividend income was $408.75. This year, I’m down to $270.84… what happened?
  • I have no intention of changing my investing strategy.
  • Investing is like driving, you must look at the horizon if you want to arrive at your destination.

In September 2017, I received slightly over $100K as a result of the commuted value of my pension plan. I decided to invest 100% of this money into dividend growth stocks. Each month, I publish my results. I don’t do this to brag, I do this to show you it’s possible to build a portfolio during an all-time high market. The market will crash… eventually. In the meantime, I would rather cash in some juicy dividends!

Portfolio holdings – Dividend Cuts????

Yikes! Last year, my February dividend income was $408.75. This year, I’m down to $270.84… what happened? Was most of my money invested in Kraft Heinz (KHC)? Not at all… In fact, I didn’t suffer a single dividend cut. I just had one company (Lazard (LAZ)) which paid its dividend on March 1st this year…

In fact, I had rather a great month with all my other companies increasing their payouts. Let’s have a look at what happened in February…

Numbers are as at March 1st 2019:

Canadian portfolio (CAD)

Company Name Ticker Market Value
Alimentation Couche-Tard ATD.B.TO $6,540.30
Andrew Peller ADW.A.TO $5,478.00
National Bank NA.TO $4,973.60
Royal Bank RY.TO $6,220.20
CAE CAE.TO $5,580.00
Enbridge ENB.TO $7,964.67
Fortis FTS.TO $4,690.62
Intertape Polymer ITP.TO $5,430.00
Lassonde Industries LAS.A.TO $3,622.50
Magna International MG.TO $4,893.70
Cash $607.81
Total $56,009.03

My account shows a variation of -$609.80 (-1%) since the last income report.

My Canadian holdings are pretty much on “neutral mode”. Lassonde Industries (OTCPK:LSDAF) published their latest quarterly earnings on Valentine’s Day, and the stock dropped like a rock.

Source: Ycharts

The company is facing many headwinds through its U.S. operations. Fierce competition and lower margins due to cost inflation are hurting their bottom line. Lassonde shares have been severely hit, but the core business hasn’t changed. The company is now trading at

This article was written by

The Dividend Guy profile picture
My name is Mike and I’m the author of The Dividend Guy Blog & The Dividend Monk along with the owner and portfolio manager here at Dividend Stocks Rock (DSR). I earned my bachelor degree in finance-marketing, own a CFP title along with an MBA in financial services. Besides being a passionate investor, I’m also happily married with three beautiful children. I started my online venture to educate people about investing and to be able to spend more time with my family. I started my career in the financial industry back in 2003. I earned several promotions along with a good pile of diplomas. I had lots of fun working with clients in private banking for half a decade, but thought I could do more with my life. In 2016, I decided to take a leap of faith and left everything behind to travel across North America and Central America with my family. We drove through nine countries and stayed three months in Costa Rica before returning home. This was an eye-opening adventure that led me in 2017 to quit my job in the financial industry and pursue my dream; helping others with their personal finance through my investing websites. You just found the reason why I quit my suit & tie job!

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