February 2022 Dividend Update

Dividend Income & Portfolio Update

Personal Highlights – February 2022

  • This is going to be a quick update. Not really feeling writing an update this month as everything kind of sucks in the world….but I haven’t missed one since I started, so I’ll do a quick one!
  • Financial Highlights for February:

  • I’ve been really focusing on maxing my TFSA out this year.  Very early on I never contributed to it at all – as I was only putting money into an RRSP.  I  have since switched my focus.  As of January 1st, I had $29,614 contribution room available.  In the first 2 months of the year I’ve been able to contribute $7000.  I am hopeful by the end of the year I’ll have this maxed out.  Once this is maxed out – we will focus on maxing out Amber’s(she has 50k+ room) and once that is done – we can start seriously looking at paying off house/early retirement.  I will write a longer post on this “plan” in the coming months.
  • Made 3 purchases in February!  I bought the following:
    – 78 Shares of Brookfield Asset Management @ $69.00
    – 150 Shares of GoEasy Financial @ $155.00
    – 800 Shares of XAW @ $33.98
    These 3 purchases add an additional $1114.20 in dividend income.
  • RBNK (Canadian Banking ETF) increased their dividend which now allows me to drip an additional share each quarter.  I plan to continue to add to this position as well as Brookfield.
  • Received dividends from 7 companies and 1 funds.  Dripped an additional 28 shares/units.  Last year I dripped a total of 603 new shares.  So far this year I have dripped 114 in the first 2 months!

Passive Income Update For February 2022.

TFSA’S:

Diversified Royalty Income: $28.74 (dripped 10 shares)

Power Corp: $119.79 (dripped 2 shares)

Artis Reit: $49.60 (dripped 3 shares)

European Residential Reit: $7.80 (dripped 1 share)

RBNK: $60.61 (dripped 2 share)

Nexus Reit: $15.20 (dripped 1 share)

Canadian NET Reit: $10.64

TFSA’s Total: $292.38

RRSP:

Canadian Equity Income Distribution: $384.76 (dripped 10 units)**

** Fun Fact ** Since I started tracking my dividends in 2015 – this fund(RBC Canadian Equity Income Fund) has paid me over $25,000 in dividends (all reinvested into new shares)!

RRSP Total: $384.76

Total Passive Income February 2022:  $677.14

2022 Portfolio Update:

Portfolio increase 2.15% to $542,194.00!  

Dividends in February were up 16% YoY.  Last year I received 14,022 in dividends.  My forward 12 month dividend income is sitting at $14,361.02.  That doesn’t include any year end/special distributions.  I am hoping to get close to $18,000 by year end.

Here is my updated list of all holdings after my 3 new purchases:

Symbol Name Shares Annual Div Yearly Income Account
AQN Algonquin Power & Utilities 1036 $0.88 $911.68 J TFSA
ATD.B Couche Tard 604 0.44 $265.76 J RRSP
AX.UN Artis REIT 995 $0.60 $597.00 J TFSA
BAM.A Brookfield Asset 78 $0.71 $55.38 J TFSA
CAE CAE 245 $0.00 $0.00 J RRSP
CHR Chorus Aviation 931 $0.00 $0.00 A TFSA
CWB Canadian Western Bank 1 $1.16 $1.16 J TFSA
DIV Diversified Royalty Income 1578 $0.22 $347.16 J TFSA
ERE.UN European Residential Reit 590 $0.16 $94.40 J TFSA
EQB Equitable Group 541 $1.12 $605.92 J RRSP
NET.UN Canadian Net REIT (fronsac) 376 $0.34 $127.20 A TFSA
GSY Go EASY 427 $3.64 $1,554.28 J RRSP
GRN.V Greenlane Renewables 3719 $0.00 $0.00 J TFSA
GRN.V Greenlane Renewables 20000 $0.00 $0.00 J RRSP
ITP Intertape Polymer Group 275 $0.85 $234.03 A TFSA
ITP Intertape Polymer Group 500 $0.85 $425.50 JRRSP
MFC Manulife 492 1.32 $649.44 A TFSA
NFI New Flyer Indiustries 693 $0.85 $589.05 J RRSP
NXR.UN Nexus Reit 285 0.64 $182.40 A TFSA
RBNK RBC CAD Bank Index 713 $0.96 $684.48 J TFSA
POW Power Corp Of Canada 244 $1.98 $483.12 J TFSA
RBC MF RBC US INDEX FUND 1242 $0.20 $248.40 A RRSP
RBF591 CA Equity Income Fund 3717.539 $1.24 $4,617.18 J RRSP
T Telus 192 $1.31 $251.44 T TFSA
TCL.A Transcontinental inc 944 $0.90 $849.60 J RRSP
WEF Western Forest Products 2091 $0.04 $83.64 J TFSA
XAW ISHARES ETF 838 $0.60 $502.80 J RRSP
Total Updated Feb 2022     $14,361.02