April Update. Mixed Review: Portfolio down 40k, Dividends up 120%

Dividend Income & Portfolio Update

Personal Highlights

  • April was a weird month.  There were snow storms, crazy rainfalls, everyone getting sick, but it ended with some nicer weather and Isaac turning 5.  We had a family party at our place, and a bowling party for some of his daycare friends the next day.  Both were a lot of fun, and he had a great time.
  • We made it out to Birds Hill provincial park to “chickadee trail”.  We did this last year as well and it was so much fun we decided to go back.  Holland is becoming a bird whisperer:
    chickadee trail
  • My daughter has started taking two different dance classes, and both kids are enrolled in swimming starting next week – so May is going to be BUSY!  
  • I am heading to New York at the end of May for work – I’ve never been so I am pretty excited for that.  It will also be my first time on a plane since covid – so we will see how this goes.
  • Isaac showing off his Buzz Lightyear Birthday gifts & and Holland loving her dance attire:

    Buzz Lightyear
    Kids Dance

  • Financial Highlights for April:

  • 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 4 months of the year I’ve been able to contribute $16,334.05.  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 April, I contributed $1986.97 to my TFSA.  I have just over $13,000 contribution room left to max out before the end of the year.
  • Sold 500 shares of Intertape Polymer Group from RRSP.  Used the proceeds to buy 200 more shares of Equitable group & 221 shares of XAW.
  • Sold 275 shares of Intertape Polymer Group in wife’s TFSA.  Used proceeds to buy an additional 467 shares of Manulife.
  • My favorite mutual fund RBC Canadian Equity Income Fund (Series D) was converted to a series F fund. This means lower fees for me!
    Bought 130 more shares of RBNK.  This is a fund that holds all the major Canadian banks & pays a monthly distribution.
  • Received dividends from 13 companies and 2 funds.  Dripped an additional 85 shares/units.  Last year I dripped a total of 603 new shares.  So far this year I have dripped 240 shares in the first 4 months!

Passive Income Update For April 2022.

TFSA’S:

Diversified Royalty Income: $29.09 (dripped 9 shares)

Artis Reit: $49.90 (dripped 3 shares)

European Residential Reit: $8.09 (dripped 1 share)

RBNK: $68.34 (dripped 2 share)

Telus: $62.86 (dripped 1 share)

Algonquin Power: $221.08 (dripped 11 shares)

Power Corp: $120.78 (dripped 3 shares)

Nexus Reit: $15.31 (dripped 1 share)

Canadian NET Reit: $10.64

TFSA’s Total: $429.17

RRSP:

Canadian Equity Income Distribution: $1364.27 (dripped 35 units)

Equitable Group: $151.48 (dripped 2 shares)

Alimentation Couche Tard: $66.44 (dripped 1 share)

Go Easy: $388.57 (dripped 2 shares)

Transcontinental: $212.40 (dripped 12 shares)

New Flyer: $36.80 (dripped 2 shares)

RRSP Total: $2219.96

Total Passive Income April 2022:  $2806.04!  This represents 126% YoY increase compared to last April!

2022 Portfolio Update:

Portfolio decreased -7.66% to $522,964.12.  My portfolio dropped $43,000 in on month – this is the second largest monthly drop since I’ve been tracking my portfolio.

Dividends in April were up 126% compared to last April!!!  Last year (2021) I received $14,022 in dividends.  So far in 2022, I have received $6157.18.  My forward 12 month dividend income is sitting at $14,809.00  That doesn’t include any year end/special distributions.  I am still hoping to crack $18,000 by year end.  With $2806 in dividend income last month, that makes April 2022 my second highest ever dividend month.

How was your April?