Today was the budget federal day. Nothing spectacular. Its just pretty obvious now that Justin Trudeau is about ruined us, like if it wouldn't be enough that we had to see him and his family acting like stupid clowns in India... Justin Trudeau is acting like a child. He's such a stupid jerk. That's what happen Canadians when you elect a Quebecker as Prime Minister. Shame, shame, and shame. Not really smart. This 2018 federal budget is not spectacular and nothing is being done to protect us from a very massive deficit. I don't dislike Justin Trudeau anymore, I hate him.
My dividend income just keeps growing. My annual dividend income, excluding RRSP like always, is now at $8 363.04, almost the equivalent of $700 per month. It feels good to be back there. In the past couple months, many of my investment stocks had increased their dividend: ATCO Ltd. (ACO.Y) went from an annual dividend of $1.31 to $1.50; Canadian Utilities Limited (CU) went from $1.43 to $1.57; Enbridge Inc. (ENB) from $2.44 to $2.68; Enbridge Income Fund Holdings Inc. (ENF) from $2.05 to $2.25; iShares S&P/TSX Capped REIT Index (XRE) from $0.80 to $0.81; Methanex Corporation (MX) from $1.20 to $1.32; Northland Power Inc. (NPI) from $1.08 to $1.20; Canadian Imperial Bank Of Commerce (CM) from $5.20 to $5.32; National Bank of Canada (NA) from $2.32 to $2.40.
And today, Bank of Nova Scotia (BNS) increased its annual dividend from $3.16 to $3.28. BMO Bank of Montreal (BMO) also increased its dividend today, from $3.60 to $3.72, and during that time, the TSX closed today session at 15 671.15 points.
My US stocks KO also increased its dividend.
Do I really need to go deeper and explain why dividend investing is the hottest thing ever? Things are exactly like Derek Foster explain in his books: over time, good companies increased their dividend distribution.
Susan Brunner reviewed one of my latest investment, Bombardier Inc. (BBD.B). I never expected to hold on to Bombardier for a really long time. I am going what I like to call a quick hit-and-run investment: I will sell soon at profit. It's not the first time that I am investing in BBD.B. Int he past, I also sell off at profit some Bombardier shares. This company is not well managed enough to be considered as a serious investment for the long run. Right now, me and Bombardier, its strictly play time to satisfy my taste for self-satisfaction.
I didn't forget about my TFSA contribution in kind post - its just I had some announcements to make today regarding my dividend income.