Dividend Income & Portfolio Update
Personal Highlights – March 2022
- Canada has qualified for the World Cup! We learned our group fate today as we were drawn with Belgium, Croatia & Morocco. I absolutely cannot wait until November when the tournament kicks off.
- I had a bunch of doctor/specialist appointments in March – including a visit to a cardiologist & a nerve specialist. The good news is – everything looked good with the heart. The nerve specialist was a follow up from a sports injury that took place about a decade ago. I suffered a Pan Plexus injury along with a dislocated shoulder and broken humerus – though let me tell you there was nothing humours about it – HEYO! The shoulder and bone injuries actually weren’t bad – but the nerve damage was (and is) the worst thing I’ve ever experienced. I had absolutely no feeling or movement in my arm for weeks, and although it eventually came back – I still have nerve pain/tingling and my left arm gets tremors when doing certain things/in certain positions. I am now getting an MRI on my shoulder, and he said I shouldn’t rule out the potential for a shoulder replacement at some point…good times.
- My daughter ALSO had an appointment with her cardiologist. She was born with a small hole in her heart which causes a bit of a murmur. The good news is – it looks like the whole (while still there) hasn’t grown, and they don’t need to check up on her again for TEN more years!
- I’ve booked my first trip (kind of) since covid started. This will be a work trip – but exciting nonetheless. I will be heading to New York for a conference and some meetings – and it will be my first time there. As a huge cocktail/whiskey guy – I am hoping to check out PDT Cocktail & Death & Co. bars while there.
- I was supposed to go to a concert at the end of March (The Darkness), but I came down with a cold a few days beforehand (not covid -i’ve tested so many times). It may have been a blessing in disguise, as 2 of the guys (one being my brother) I was supposed to go to the show with ended up getting covid from the concert. My cold/sinus thingy is still lingering, but definitely feeling a bit better these last few days.
Financial Highlights for March:
- Regular readers will know I’ve been really focusing on maxing my TFSA out this year. As of January 1st, I had $29,614 contribution room available. In the first 3 months of the year I’ve been able to contribute $14,347. 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.
- In March alone, I contributed $7987.27 to my TFSA. Our tax refund combind with regular (and additional) deposits made this possible.
- Added an additional 121 shares of Brookfield Asset Management $BAM to my TFSA @ $67.64
- Added an additional 70 shares of Manulife $MFC @ $25.40
- This was the first month ever Amber’s TFSA received more dividends than mine (Thanks Manulife & Intertape Polymer Group)!
- Received dividends from 11 companies and 2 funds. Dripped an additional 41 shares/units. Last year I dripped a total of 603 new shares. So far this year I have dripped 155 shares in the first 3 months!
- Intertape Polymer Group looks like they are going to be acquired for $40.50. I have 775 shares (mixed between RRSP & TFSA) at an average price around $20.00. Once the deal goes through – I will put that money to use buying most likely more XAW & Manulife.
- This year I’ve received dividend increases from: Manulife, Equitable Group, GoEasy, RBNK ETF & European Residential Reit. I also received one dividend CUT – which was New Flyer.
Passive Income Update For March 2022.
Diversified Royalty Income: $28.92 (dripped 9 shares)
Artis Reit: $49.75 (dripped 3 shares)
European Residential Reit: $7.52 (dripped 1 share)
RBNK: $60.78 (dripped 2 share)
Western Forest: $20.91 (dripped 9 shares)
Canadian Western Bank: $0.30
Brookfield Asset Management: $13.81
Nexus Reit: $15.25 (dripped 1 share)
Canadian NET Reit: $10.64
Manulife: $162.36 (dripped 6 shares)
Intertape Polymer Group $58.93
TFSA’s Total: $429.17
Canadian Equity Income Distribution: $385.82 (dripped 10 units)
Intertape Polymer Group: $107.14
RRSP Total: $492.96
Total Passive Income March 2022: $922.13*
*I believe EQB (Equitable Bank) was supposed to pay out this month, but it hasn’t hit my account yet – so I’ll add that to next month’s total. This would have pushed me over $1000 for March – oh well.
2022 Portfolio Update:
Portfolio increase 4.32% to a new all time high of $566,366.46!
Dividends in March were up 52% compared to last March!!! Last year (2021) I received $14,022 in dividends. So far in 2022, I have received $3351.14. My forward 12 month dividend income is sitting at $14,137.00 That doesn’t include any year end/special distributions. I am hoping to get $18,000 by year end.
How was your March? Stay safe out there & Go Canada!