Dividend Income & Portfolio Update
- June was SUPER busy. Lots of exciting things in the Maas household. A few highlights:
- Took a day trip to Morning Sound farm with Isaac and his Preschool class. There were hay rides, a petting zoo, and so many goats. We had a great time.
- Isaac graduated from preschool (starts kindergarten in September), Holland finished Grade 1. Here is a pic of me and my preschool grad – and another of Holland on her first and last day of grade 1!
- Attended my first in person Whisky Tasting with the Whisky Club. We had a bunch of 15 year Scotches. My top 2 were Clynelish 15 & Highland Park 15. One of the members from the club was nice enough to pick up two bottles of bourbon for me last month as well – which I picked up at the event (Eagle Rare Single Barrel Select & Angels Envy)!!!
- My elementary school had its 100 year celebration. I checked that out with a group of friends who also attended, and we had a great time, saw some old teachers and classmates, and then went out for dinner/beer after.
- Holland decided to stick some metal ring in her mouth and got it lodged between her teeth….which required an emergency visit to the dentist to get it removed. Apparently she wants to be a punk rawk star. Picture below (Viewer discretion is advised):
- Spent a couple weekends at the cabin finally. Looking forward to taking a few weeks off in July/August to spend more time out there. The lake is SO high it’s crazy. I had a fire burning for 4 days straight, and cleaned up a ton of fallen trees/branches, etc from the yard. 4 days later I could still smell the campfire in my beard…hah
- Bruno got neutered (finally)! He did NOT enjoy the cone….it only lasted about 15 minutes.
Financial Highlights for June:
- 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 6 months of the year I’ve been able to contribute $19,256.46. 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).
- In June, I contributed $1788.64 to my TFSA. I have just over $10,357.00 contribution room left to max out before the end of the year.
- In June I added 103 shares of RBNK (Canadian Bank ETF) to my TFSA at a price of $23.75 per share.
- Equitable Bank which paid out its dividend at the end of June didn’t reach my account until July 07 – so I will include that in next months update. I am happy to see I dripped 4 shares of EQB tho! July should be a nice month as well with a few of my larger positions paying out: EQB, GoEasy, Algonquin Power, Telus, Power Corp & Transcontinental!
- Thanks to Manulife and the $300+ in dividends- this is one of the few months that Amber’s TFAS pays out more than mine!
- Received dividends from 9 companies and 3 funds. Dripped an additional 69 shares/units (nice). Last year I dripped a total of 603 new shares. So far this year I have dripped 336 shares in the first 6 months!
Passive Income Update For June 2022.
Diversified Royalty Income: $29.44 (dripped 10 shares)
Artis Reit: $50.25 (dripped 4 shares)
Western Forest: $26.25 (dripped 15 shares)
European Residential Reit: $7.97 (dripped 2 share)
Canadian Western Bank: $0.31
RBNK: $72.34 (dripped 2 share)
Brookfield Asset Management: $36.02
Manulife: $341.55 (dripped 15 shares)
Nexus Reit: $15.41 (dripped 1 share)
Canadian NET Reit: $10.64
TFSA’s Total: $590.18
Canadian Equity Income Distribution: $389.88 (dripped 10 units)
XAW: $293.34 (dripped 10 units)
RRSP Total: $683.22
Total Passive Income June 2022: $1273.40! *46% of this was 100% Tax Free!
2022 Portfolio Update:
Portfolio decreased 6.5% to $491,845.00. This is the first time the portfolio dipped below 500,000 since April 2021.
Dividends in June were up 102% YoY compared to last June!
Last year (2021) I received $14,022 in dividends. So far in 2022, I have received $8004.92. My forward 12 month dividend income is sitting at $15,104.00*.
*That doesn’t include any year end/special distributions.
I am still hoping to crack $18,000 by year end. 36% of my dividend income ($2882.63) in 2022 has been completely tax free. Last year – only 25% of my income was tax free – so it’s nice to see the focus on the TFSA has been paying off!
How was your June?