Dividend Income & Portfolio Update
- Well, the waiting is finally over, I got to see Canada play 3 games in a World Cup, and although I would have loved to see them get a win, or advance from the group – it was always going to be a challenge. This World Cup should give them some experience for 2026 when we co-host the tournament. It should also lead to a few (more) of our players signing contracts over in Europe which will definitely help.
- I finally bought one of the chairs I’ve had my eye on for years. I haven’t had it delivered yet, but here is a picture. It’s a R.Huber Scoop chair w/ottoman made by R.S Asscociates in the 60’s:
- On the house front – we got our roof done right before the snow came, and I’ve already paid the deposit and materials to get our flooring ripped up and replaced. I don’t have an install date yet – but they assured me it would be completed before Christmas 🙂
- Holland & Isaac have both been in swimming. Holland is also in dance, and has her winter recital coming up this weekend. We are all very excited – probably much more than her.
- My soccer season went from bad to worse – besides barely winning any games – last week I got smashed into by the goalie on the other team and ended up with a deep bone bruise on my rib – so I’ll be out for a few weeks. On the plus side – our curling team is still undefeated 🙂
- Lastly – like the rest of Canada, the flu has ravaged our house this month. Holland turned 7 and had 2 birthday parties planned, but of course both her and Isaac got sick right before and we had to cancel them. Both kids are better now, but it was pretty rough for a few days. Isaac had a fever up to 104.3.
Financial Highlights for November:
- 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. Last month I was able to finally max out both my TFSA & Amber’s. The plan is to contribute the full $13,000 to our TFSA’s in January so that I don’t need to contribute anymore through the year either. I am still sitting on about 50k in cash in Amber’s TFSA waiting to make some purchases. Most likely XAW will account for the vast majority of that with another 2-3 stocks on top of it.
- I didn’t make any stock purchases in November, but I did receive dividend raises from RBNK, Equitable Group, Telus, Diversified Royalty & Couche Tard!
- We are currently sitting on around $55,000 cash in our TFSA, waiting to scoop up some more great companies at discounted prices over the coming months.
- Received dividends from 6 companies and 2 funds. Dripped an additional 40 shares/units. Last year I dripped a total of 603 new shares. So far this year I have dripped 626 shares in the first 11 months!
- With this months drips & dividends I surpassed last years total of each. December is always a big month as well, so I am hoping to smash last year’s record for total dividend income.
Passive Income Update For November 2022.
Power Corp: $123.75 (dripped 3 shares)
Diversified Royalty Income: $32.48 (dripped 11 shares)
Artis Reit: $51.30 (dripped 5 shares)
European Residential Reit: $22.11(dripped 7 shares)
RBNK: $91.96 (dripped 3 shares)
Nexus Reit: $15.68 (dripped 1 share)
Canadian NET Reit: $10.64
TFSA’s Total: $347.92
Canadian Equity Income Distribution: $394.57 (dripped 10 units)
RRSP Total: $394.57
Total Passive Income November 2022: 742.49*
*47% of this was 100% Tax Free!
2022 Portfolio Update:
Portfolio increased 5% to a new all time high $577,270.66! This is very misleading, as we injected over $50,000 cash into the portfolio last month, but still cool to see. I’m still holding some cash for the coming months to try and scoop up some great companies. A few I have my eye on: Brookfield, Interrent Reit, CP/CN Rail, RBNK and XAW.
Dividends in November were up 16% YoY compared to last November!
Last year (2021) I received $14,022 in dividends. So far in 2022, I have received $14,100.52. My forward 12 month dividend income is sitting at $16,013.84*.
*That doesn’t include any year end/special distributions.
I am still hoping to crack $18,000 by year end. 35% of my dividend income this year 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!