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Buying a new Canadian monthly dividend stock now that Shaw's monthly dividend may disappear

3/19/2021

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Canadian Monthly Dividend Stocks

In today's update of my Canadian Dividend Investing Portfolio, I buy more into two utility companies, and also a REIT. I was always averaging into Shaw Communications SJR.B but with the recent news that Rogers intends to buy them out, their monthly dividend will possible become a thing of the past. I'm not complaining though! That was a big surprise boost to my portfolio, considering that their stock price just kept falling before. So I'll be looking for monthly dividends to eventually replace them, and Northland Power NPI is a great choice, as well as several REITs for their monthly distributions. You can get the Dividend Tracker Google Sheet that I use in the video here.

If you are Canadian and want to start buying dividend stocks, Wealthsimple Trade is a really easy and convenient way to start putting aside some money. You can even buy one stock at a time for just a few dollars. If you have $100 to invest, you can use this link, and they’ll add $10 your account as a bonus. Immediate 10% ROI... not bad! If you already signed up for Wealthsimple Trade, you can still claim the $10 with this code: BL5OIW
Buying a new Canadian monthly dividend stock now that Shaw's monthly dividend may disappear
Disclaimer: I am not a financial professional or advisor. Nothing on this website or the associated social media accounts constitutes financial advice. I'm just documenting my own investing journey and don't suggest that you do the same. Investing is risky, so make your own decisions or hire a qualified professional make them for you.
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    Alpine Dividends

    I'm documenting the growth of a Canadian dividend investing portfolio and make videos about dividend investing, Canadian stocks, Wealthsimple Trade, Google Sheets, personal finance, and passive income.

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Disclaimer: I am not a financial professional or advisor. Nothing on this website or the associated social media accounts constitutes financial advice. I'm just documenting my own investing journey and don't suggest that you do the same. Investing is risky, so make your own decisions or hire a qualified professional make them for you.
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