≡ Menu

Dividend Increases, New All-in-One ETFs, Top Ranked Credit Cards, and More!

For dividend investors out there, there have been some solid dividend increases to start off the year. I usually update the increases during my quarterly passive income update, but I’m too excited to wait! Here are some of the increases to Canadian dividend stocks including their percentage increase:

  • Canadian Utilities (CU.TO) 7.5% increase – 47th annual increase, the longest streak in Canada!
  • Rogers Communications (RCI.B) 4% increase
  • Metro (MRU.TO) 11% increase
  • Canadian National Railway (CNR.TO) 18% increase
  • Exco (XTC.TO) 6% increase
  • Brookfield Infrastructure (BIP.UN) 7% increase
  • Bell (BCE.TO) 5% increase
  • Suncor (SU.TO) 17% increase
  • Great-West Life (GWO.TO) 6% increase
  • TransCanada Corp (TRP.TO) 8.7% increase
  • Royal Bank (RY.TO) 4.1% increase
  • Magna (MG.TO) 11% increase

Stay tuned for my next financial freedom update coming up in March!  If you are interested, here is my most recent update that clued up 2018.

If you are a credit card rewards fan like me, you’ll want to stay on top of the best cards available.  Credit Card Genius has removed some of the guesswork by updating their favorite credit cards for 2019.

With the introduction of all-in-one ETFs, it really is a great time to be a self-directed investor.  Vanguard started the trend with VBAL/VGRO, followed by iShares with XBAL/XGRO.   Now, BMO has jumped into the action with ZBAL/ZGRO with a management fee that is lower than Vanguard’s offering, but matches iShares!  Here is the official press release, with a post coming up that looks at how all these products compare.  If you can’t wait, My Own Advisor has come up with a comparison of his own!

Love it or hate it, if you are a pizza fan, you’ve probably tried Dominos.  I would categorize our family as a fan of the popular pizza chain.  Where else can you get a decent extra large pizza with unlimited toppings for $12 (when they offer the 50% off coupon)?  When they have deals like that, I always say that it would be challenging to make the same pizza at home for less.  Gen Y Money takes it one step further and does a direct comparison of the costs in her article Dominos vs Home Made Pizza.

On the topic of retirement, I’ve written before about the 8 sources of income during retirement.  Two of those sources are from the government, Canada Pension Plan (CPP) and Old Age Security (OAS), of which you can choose when payments will start.  For CPP, you can start as early as 60 and for OAS, you can start at age 65.  Boomer and Echo offers his opinion in showing the advantage of taking CPP at age 70!

I’m a fan of ways to reduce energy costs in a home as is evident in my recent article about installing a mini-split. Solar panels are another technology that interests me, but it’s not very practical where I live as there are no government credits combined with the issue of having very little sunshine in NL. :)  Frugalwoods has a very well written article about using solar to offset their energy costs.

What better way to build wealth than to learn from people who have already done it.  ESI Money has a great collection of interviews with millionaires that really gets into the weeds including details such as age, occupation, income, net worth, and investments. Check out the interviews here!

Are you interested in financial independence and early retirement (FIRE)? Prairie FIRE has a great post explaining the basics with tons of details.  Check out his article on the Principles of FI.

If you would like to read more articles like this, you can sign up for my free weekly money tips newsletter below (we will never spam you).

FT About the author: FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.

{ 4 comments… add one }
  • Avatar GYM February 25, 2019, 11:18 am

    Thx for the mention FT! Ooh $12 for unlimited large topping pizza I haven’t seen that one before, we usually just see the two topping one. How much is a block of mozzarella cheese in NL?

    • FT FT February 25, 2019, 2:11 pm

      If my memory serves me correctly, it’s between $12 and $14 for an extra large (50% off). I usually pick the extravaganza and reduce/add toppings from there. A block of cheap cheese (600g i believe) is around $6.

  • Avatar Andrew February 25, 2019, 7:56 pm

    You got some pretty decent dividend hikes there!

    Have you seen Vanguard’s new 100% Equity all-in-one ETF? VEQT was released just a few weeks ago. They also released a 20/80 portfolio for Income – VCIP.

    Looking forward to your upcoming financial freedom update!

    • FT FT February 27, 2019, 12:22 pm

      Hey Andrew, just seeing this comment. Yes I have seen VEQT and I like it for a simple all-equity portfolio. For me personally, since I already have a considerable amount of Canadian content, I will continue to invest in XAW.

Leave a Comment