Dividend Income & Portfolio Update
Personal Highlights – September 2020
- September brought a few milestones, both financially and personally. I officially have a daughter in kindergarten and a son in preschool!
- English Premier League soccer started up, so I’ve been waking up around 630 AM on Saturday and Sunday to watch some games. Arsenal (my team) is off to a decent start, and I’m doing pretty good in my fantasy pool as well so far!
- I had my 37th birthday in August, and in September my wife celebrated her 39th! We spent her birthday out at the cabin, and went to a new (to us) Thai restaurant in Gimli which was real good. The waitress even gave my wife a free refill of red wine (and she didn’t even know it was her bday)!
- My brother bought 160 acres of land a few years back which he and his lady have been slowly turning into a farm. I have been out a few times, but in September I took the kids and the wife out for their first visit. Although most of the garden(s) had already been harvested, we had a great time exploring and the kids loved playing on the bus. (They converted an old school bus into a temporary living space until they build a house on the land. It has solar power, a fireplace, a fridge, etc). It’s pretty cool.
A few pictures from our time at ELM ROCK FARM.
- Not much new on the cocktail/bourbon front. Typically there would have been a bourbon lottery by now, but due to the pandemic all special releases/events have been put on hold. On the plus side, that means I haven’t spent nearly as much on whiskey lately.
Financial Highlights for September 2020:
- In July & August I had made my first few stock purchases since early March. This included initiating positions in Manulife, Telus and European Residential Reit. I received my first dividend payment from Manulife & European Residential Reit in September, and I will be getting my first payment from Telus on October 1st. I’m not sure why, but I always especially enjoy that first dividend payment when you start a position in a new company. At current prices, I will be dripping 2 shares of Telus & Manulife each quarter, and 1 share of European Residential Reit each month.
- Added to my position in Artis Reit. I picked up an additional 165 shares, which brings my total share count to 807. At the current price I will now drip 4 shares a month.
- Continued Bi-Weekly contributions into TFSA & Spousal RRSP.
- I was paid dividends from 8 companies, and 1 funds this month. I dripped a total of 40 new shares/units.
Passive Income Update For September 2020.
Artis Reit: $28.76 (dripped 3 shares)
European Residential Reit: $7.83(dripped 1 share)
Diversified Royalty: $23.45 (dripped 13 new shares)
Canadian Western Bank: $0.29
Interrent Reit: $4.29
Intertape Polymer Group: $53.41
Manulife: $40.88 (dripped 2 shares)
Plaza Reit: $30.47 (dripped 8 shares)
TFSA’s Total: $160.62
Canadian Equity Income Distribution: $357.66(dripped 13.477 shares)
Total Passive Income September 2020: $518.28
My portfolio decreased by 1.03% in September to: $370,575.67 I know I say this every month, but I expect continued volatility as well as a bit of a crash around the election. That said, my plan hasn’t changed and I plan on holding if/when this does happen.
The only new purchase this month was adding to my position in Artis Reit, as well as my bi-weekly contribution into my US Equity Index Fund in my spousal RRSP. My plan is to continue adding cash to my TFSA bi-weekly and eventually add to my position in European Residential Reit.
Passive income in September was $518.28. This was actually lower than last September due to some dividend cuts, as well as some companies changing which months they pay their dividends.
Since January 1st, I’ve earned $8308.28 in passive income. Assuming no dividend cuts or increases, my current Forward 12 month dividend income is $12,022.27. My goal for the year was finish 2020 with a forward dividend income of $12,000 – so assuming no more cuts, mission accomplished!
8 thoughts on “September 2020: Dividends, kindergarten & more”
Great month sucks about the dividend cuts I’ve had a few as well hurts short term but should help long term as I’ve been adding to those companies that raise their dividends consistently. Switching months stinks also but it helps another month lol. Keep it up.
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Must be exciting to have both kids in school! Very cool that both you and your wife celebrated bday in Sep. The free glass of wine is nice!
Congrats on a solid month.
Good luck to the little ones! My September was a decent month 🙂
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So solid. Congrats on over $500 in income and looks like you guys had a great time on the farm. Cheers and keep it going.
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Thanks Lanny. Hope all is well on your end.
Nice man. looks like a great month all around. Happy belated.
That farm is awesome! congrats to them.. Your kids are lucky to have access to so much land to explore.
keep it up, love those drips! haha