Dividend Income & Portfolio Update
Personal Highlights
- After 3 years I finally joined the Covid 19 club. It knocked me on my ass for a few days – I just slept for about 4 days straight. It then turned into what felt like a regular cold for another week or so, and now it’s been about a month, and I still feel like I am clearing my throat/coughing a lot, but for the most part I feel 100%
- Had a couple great dinners this month with friends I haven’t seen in a while. First we had a couple’s dinner with 2 old co-worker/friends and their wives and this last weekend I got together with 6 friends from High School who started going out for dinners pre covid, but haven’t seen eachother in almost 4 years – so that was a great time. Had dinner at a cool fusion lounge, then walked across the street to a local brew pub and had some beers.
- Our curling season finished up. Unfortunately due to Covid I missed the year end banquet. I am curling in a bonspiel this weekend and then that should wrap up curling for the year. Next year I am hoping to play on 2-3 different teams and get a lot more curling in.
- Our soccer season (winter/indoor) also finished up for the year, and I also missed our last 3 games/windup due to Covid as well. I think I am going to take the summer off from Soccer, and play again in the fall/winter.
- Our dishwasher conked out, and of course there were none in stock anywhere, so we had to (somehow) make do without a dishwasher for about a week. I absolutely hate doing dishes. Luckily it was installed last week and so far it’s been working great.
- The kids got their report cards, and both are doing really well. Holland is stil in dance, and we are going to register Isaac for soccer in the spring.
- We’ve started chatting about doing a summer vacation, since this will be the first summer in 12 years without a cabin (and first time since kids). We are thinking of maybe a road trip out to Edmonton/Calgary/Banff/Jasper as well as maybe a trip down south to Minneapolis or something. I also have a couple work trips coming up (Florida, New York) over the next few months.
- The house renovations/updates continued. We ripped out an old fireplace, installed new floors and painted. We had a large open space on the wall where the fireplace was – so I finally found some classic teak shelves to fill the space. This is for a wall between our living room/dining room. They were supposed to be delivered today but the guy actually contracted Covid, so now he is going to deliver them next week. Here is what I picked up:
Financial Highlights for March:
- Maxed out both TFSA’s in January! I am still sitting on some cash in the TFSA, and I made a couple more purchases in March:
– Added 75 shares of Brookfield Corporation @ $40.67
– Added an additional 90 shares of RBNK @ $22.66
– Bought 1000 shares of Propel Holdings @ $6.95
– Bought 300 shares of Dream Unlimited @ $23.40
– Bought 345 shares of Berkshire Hathaway CDR @ $23.40 - All of those purchases were in a Tax Free account except for Berkshire which was in my RRSP. The purchases will add an additional $661.00 to my annual dividend income.
- Completed, filed and got my tax return back!
- Received dividends from 12 companies and 2 funds. Dripped an additional 80 shares/units.
Dripped shares by year:
2023: 224 (so far)
2022: 733
2021: 603 - Almost 70% of my income this month was 100% Tax Free! April should also be a decent month as a few of my larger holdings pay dividends such as: Couche Tard, Algonquin Power, Equitable Group, Goeasy, Power Corp, Telus & Transcontinental!
Passive Income Update For March 2023.
TFSA’S:
Diversified Royalty Income: $34.04 (dripped 10 shares)
Artis Reit: $52.70 (dripped 6 shares)
European Residential Reit: $24.08 (dripped 7 shares)
RBNK: $102.22 (dripped 4 shares)
BAM: $35.60
Brookfield Corporation: $31.53
Canadian Western Bank: $0.32
Western Forest: $26.94 (dripped 23 shares)
Fortis: $113.00 (dripped 2 shares)
First National $80.00 (dripped 2 shares)
Manulife: $393.84 (dripped 15 shares)
Nexus Reit: $15.89 (dripped 1 share)
Canadian NET Reit: $10.81
TFSA’s Total: $886.93
RRSP:
Canadian Equity Income Distribution: $403.49 (dripped 10 units)
RRSP Total: $403.49
Total Passive Income March 2023: $1290.42*
*68% of this was 100% Tax Free!
2023 Portfolio Update:
Portfolio dropped over 4% to $575,108.15.
Dividends in March were up were up 39% YoY compared to last March!
Current forward dividend income is $18,695.00. This is the first time my projected annual dividend income crossed $18,000!
Cheers!
Moneymaaster 