Dividend Income & Portfolio News
Personal Highlights – April 2020
- Let’s get the bad news out of the way first. We had to say goodbye to our sweet dog Penny this month. She was a beautiful girl, with a gentle soul. She lived a long, happy life and graced us with so many memories. I even proposed to my wife with the dog (as a surprise) almost 12 years ago. Here are a few of my favourite pics of Penny:
- Losing a pet is never easy – it’s even worse when you are in the middle of a global pandemic with two toddlers at home. The kids have handled it pretty well so far. Every now and then they(we) have a cry and remember the good times with Penny.
- Onto some less depressing news. The weather has finally started warming up, so we have been able to get out into the back yard and stretch our legs a bit more. Isaac just had his 3rd birthday, and got a lot of outdoor/yard toys. I expect the next few days will be spent almost entirely in the backyard playing with new toys, kicking a ball around and of course drinking some cold beers.
- I was a guest on a podcast for the first time ever. I had a great time, and although it’s clear it was my first time..i’d definitely do it again. It was the FI_Garage podcast. The guys sit around, drink beer and talk about investing. What’s not to love. You can check it out HERE
- I started re-watching Parks & Recreation with the wife since she has never seen it. If you haven’t ever seen it – do yourself a favour and check it out. It streams on Amazon prime.
- I posted some hopefully possible positives that could come from the Covid 19 pandemic. You can read that post HERE
- My little man turned 3 on April 28. Although we couldn’t get the family and friends together for a big party, we had some people drop by with presents, and still spoiled him with pizza and ice cream cake. Here’s a few of our favourite photos of our little baby boy…I cannot believe he is 3 already!
Financial Highlights for April:
- Continued bi weekly contributions into TFSA, Wife’s TFSA & Spousal RRSP
- Took a temporary pay cut at work due to Covid. It’s hard to complain when so many people have lost their jobs. We are lucky in the sense we can both work from home, and are at least saving some costs on daycare for the time being. That said, we miss our daycare family so much and cannot wait until the kids can go back.
- Our variable mortgage rate dropped, which ends up saving us about $200 per month.
- Since the Covid pandemic, I have received dividend suspensions from CAE and Chorus Aviation. I ‘ve also received dividend cuts from: Diversified Royalty & New Flyer Group. I expect my distributions from XAW & RBC Canadian Equity Income fund to be lower than expected as well.
- I was paid dividends from 9 companies, and 1 funds this month. I dripped a total of 86 new shares/units. These reduced prices have caused a huge spike in dripped shares per month. SIX double digit drips this month!
- Portfolio increased over $42,000 month over month, and is now back to the same level it was at in August. I don’t understand this market. I feel like we are in for another big drop…but I also thought it would have happened already, so who knows.
Passive Income Update For April 2020.
Diversified Royalty: $26.00(dripped 18 shares)
Artis Reit: $28.08 (dripped 3 shares)
Algonquin Power: $185.31 (dripped 10 shares)
Interrent Reit: $4.29
Plaza Reit: $29.44 (dripped 10 shares)
Chorus Aviation: $36.76(dripped 12 shares)
TFSA’s Total: $309.88
Canadian Equity Income Distribution: $351(dripped 13 shares)
Transcontinental: $192.83 (dripped 16 shares)
New Flyer: $57.16(dripped 4 shares)
Go Easy: $123.75
Total Passive Income April 2020: $1034.62
My portfolio jumped back up to: $329,207.77. This represents a increase of 14.78% from last month. This market is crazy. Over the last 3 months, my portfolio has gone:
– 5.41%, -19.73%, +14.78%
My long term plan hasn’t changed. I haven’t sold a single stock, and I continue to look for good deals. I’ve updated my watchlist, I am currently keeping an eye on: Manulife, First National Bank, Alimentation Couche Tard, Metro and Canadian Western Bank (among a few others).
Passive income in April was $1034.62. This was the second time in the first 4 months of 2020 my income was over a thousand! I only achieved $1000+ twice in all of 2019!
18 thoughts on “April: Saying Goodbye, Dividends, Birthdays & A Podcast”
Quite an eventful month. We celebrated daughter’s 4th birthday in April too — she had a pretty fun day considering the situation.
Markets have been a complete headscratcher with the quick recovery…but starting to look like things didnt turn out that bad based on some of the big tech financial reports. Good to see teh portfolio numbers back up though 🙂
All the best & stay safe
I still think we are in for a big drop when more and more companies start releasing earnings/guidance, etc. But honestly, who knows – things don’t make any sense.
Congrats on your daughter’s 4th Bday…my daughter is 4 too! Such a fun age. So much personality.
Great having you on the show! Congrats on the +$1000 div month, I’d love to get my average up to that to every month.
Thanks for having me. It was a blast – sipping bourbon and talking about investing…whats not to love!
Sorry about your loss of Penny. Congrats on receiving over $1000 in dividends. It sure was an eventful month!
Thanks Bob. Eventful indeed. Some good, some bad, and obviously sucks losing a pet – but life goes on and it opens the opportunity down the road to get a new one and make more memories.
All the best!
Congrats to making to $1000! Our portfolios have about the same value but you have 15% more dividend that I do yearly.
Both our portfolios have different stocks. I am all canadian with banks, utilities, telcoms, rail and consumer staple. 12 stocks in total.
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Most of my banks/telco/rail etc fall in my Canadian Equity Income Fund, and my tfsa has a few higher yielding reits (which is probably why my yield is slightly higher)
Sorry for your loss.
Thanks for your post
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Thanks Tony. Thanks for reading.
So sorry that your family loss Penny – she is in doggie heaven. Rest In Peace Penny🌈
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Thanks Carol 🙂
RIP Penny! Sorry about your loss. It must be hard on the kids as well, to loose a companion! Love the picture on Penny with snow.
Thanks German. Yup, it’s been hard on all of us. THe youngest still doesn’t understand completely…
I’m sorry to hear about your loss Jordan. Penny lived a long, happy life, as you highlighted.
Congrats on the birthday party as well and absolutely crushing the dividend income this month. Keep at it and keep on chugging along.
Thanks Bert! Hope you and the family are keeping safe.