Dividend Income & Portfolio Update

Personal Highlights

Since selling the cabin, we’ve got to work on a lot of the house renovations we said we were going to do. New roof – done. New floors – done. Rip out old fireplace – done. We also picked up some new furniture. One of the last things is to get the place re-painted. We’ve started this and the whole job should be done this week!
The kids had a school concert – it was Isaac’s first ever and they both did great.
Holland had her first ever sleepover party at a friends house last weekend, everyone survived and had a great time!
Took two of my oldest friends (I’ve known them since grade 1) out for their 40th birthday dinners. We went to Nola and it was great!
We have one curling game left before the season ends – and just a couple soccer games before the winter/indoor season comes to an end. I guess spring is actually around the corner!
My little man got glasses(photo above)! Apparently he has a slight astigmatism in one eye. He loves them so far, and sounds like the issue could correct itself.

Financial Highlights for February:

Maxed out both TFSA’s in January! I am still sitting on some cash in the TFSA’S, and I made a couple more purchases in February:
– Added 400 shares of First National @ $38.43
– Added an additional 100 shares of Fortis @ $53.90
These 2 purchases add an additional $1186.00 to my forward annual dividend income.
I also decided last minute (like VERY last minute, on the final day) to dump an extra $6500 into my RRSP. I know I said I was going to start investing LESS, but due to the capital gains on the cabin sale and potential tax liability, I decided this one year it would make more sense to dumb some additional money into the RRSP. I haven’t invested it yet – but will most likely just add to my position in XAW.
Received dividends from 6 companies and funds. Dripped an additional 38 shares/units.
Dripped shares by year:
2023: 144 (so far)
2022: 733
2021: 603
February is my lowest dividend month each year – but I was able to increase my dividends by 12% vs last February.

TFSA’S:

Diversified Royalty Income: $33.84 (dripped 10 shares)

Artis Reit: $52.45 (dripped 5 shares)

European Residential Reit: $23.31 (dripped 6 shares)

RBNK: $92.91 (dripped 3 shares)

Power Corp: $125.24 (dripped 3 shares)

Nexus Reit: $15.84 (dripped 1 share)

Canadian NET Reit: $10.81

TFSA’s Total: $354.40

RRSP:

Canadian Equity Income Distribution: $402.41 (dripped 10 units)

RRSP Total: $402.41

Total Passive Income February 2023: 756.81*

*46% of this was 100% Tax Free!

2023 Portfolio Update:

Portfolio dropped slightly by 1.25% to a $602,432.18!

Dividends in February were up were up 12% YoY compared to last February!

Current forward dividend income is $17,934.00.

Cheers!

Month: March 2023