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!
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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 |
Moneymaaster 
I noticed you’ve purchased a lot of greenlane renewables. I currently own about 5500 shares. The stock price has recently been hit pretty hard. Do you still believe in the company? Are you thinking of purchasing any more? Thanks for all the work that you put into your blog. I enjoy reading it monthly. FYI: I’m also from Winnipeg.
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Hey Matthew
I am still long GRN. I think it will be a rocky/volatile road for a while, but assuming nothing changes I plan to hold for the long haul. If I didn’t already have almost 25,000 shares I’d look at adding at these prices.
From Winnipeg eh? Nice – what area?
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nice income/purchases man.
The goal is to max out our tfsas as well this year.
here’s hoping.
keep it up
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That’s a lot of Greenlane. I guess the volatility doesn’t bother you. That’s cool. Sometimes volatility enables high growth. Nice income rolling in too. Keep up the good work.
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