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?  

March 2022 Dividend Update

Dividend Income & Portfolio Update

Personal Highlights – March 2022

  • Canada has qualified for the World Cup!  We learned our group fate today as we were drawn with Belgium, Croatia & Morocco.  I absolutely cannot wait until November when the tournament kicks off. 
  • I had a bunch of doctor/specialist appointments in March – including a visit to a cardiologist & a nerve specialist.  The good news is – everything looked good with the heart.  The nerve specialist was a follow up from a sports injury that took place about a decade ago.  I suffered a Pan Plexus injury along with a dislocated shoulder and broken humerus – though let me tell you there was nothing humours about it – HEYO!  The shoulder and bone injuries actually weren’t bad – but the nerve damage was (and is) the worst thing I’ve ever experienced.  I had absolutely no feeling or movement in my arm for weeks, and although it eventually came back – I still have nerve pain/tingling and my left arm gets tremors when doing certain things/in certain positions.  I am now getting an MRI on my shoulder, and he said I shouldn’t rule out the potential for a shoulder replacement at some point…good times.
  • My daughter ALSO had an appointment with her cardiologist.  She was born with a small hole in her heart which causes a bit of a murmur.   The good news is – it looks like the whole (while still there) hasn’t grown, and they don’t need to check up on her again for TEN more years!
  • I’ve booked my first trip (kind of) since covid started. This will be a work trip – but exciting nonetheless.  I will be heading to New York for a conference and some meetings – and it will be my first time there.  As a huge cocktail/whiskey guy – I am hoping to check out PDT Cocktail & Death & Co. bars while there.
  • I was supposed to go to a concert at the end of March (The Darkness), but I came down with a cold a few days beforehand (not covid -i’ve tested so many times).  It may have been a blessing in disguise, as 2 of the guys (one being my brother) I was supposed to go to the show with ended up getting covid from the concert.  My cold/sinus thingy is still lingering, but definitely feeling a bit better these last few days.


    Financial Highlights for March:
  • 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 3 months of the year I’ve been able to contribute $14,347.  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 March alone, I contributed $7987.27 to my TFSA.  Our tax refund combind with regular (and additional) deposits made this possible.
  • Added an additional 121 shares of Brookfield Asset Management $BAM to my TFSA @ $67.64
  • Added an additional 70 shares of Manulife $MFC @ $25.40
  • This was the first month ever Amber’s TFSA received more dividends than mine (Thanks Manulife & Intertape Polymer Group)!
  • Received dividends from 11 companies and 2 funds.  Dripped an additional 41 shares/units.  Last year I dripped a total of 603 new shares.  So far this year I have dripped 155 shares in the first 3 months!
  • Intertape Polymer Group looks like they are going to be acquired for $40.50.  I have 775 shares (mixed between RRSP & TFSA) at an average price around $20.00.  Once the deal goes through – I will put that money to use buying most likely more XAW & Manulife.
  • This year I’ve received dividend increases from: Manulife, Equitable Group, GoEasy, RBNK ETF & European Residential Reit.  I also received one dividend CUT – which was New Flyer.

Passive Income Update For March 2022.

TFSA’S:

Diversified Royalty Income: $28.92 (dripped 9 shares)

Artis Reit: $49.75 (dripped 3 shares)

European Residential Reit: $7.52 (dripped 1 share)

RBNK: $60.78 (dripped 2 share)

Western Forest: $20.91 (dripped 9 shares)

Canadian Western Bank: $0.30

Brookfield Asset Management: $13.81

Nexus Reit: $15.25 (dripped 1 share)

Canadian NET Reit: $10.64

Manulife: $162.36 (dripped 6 shares)

Intertape Polymer Group  $58.93

TFSA’s Total: $429.17

RRSP:

Canadian Equity Income Distribution: $385.82 (dripped 10 units)

Intertape Polymer Group: $107.14

RRSP Total: $492.96

Total Passive Income March 2022:  $922.13*


*I believe EQB (Equitable Bank) was supposed to pay out this month, but it hasn’t hit my account yet – so I’ll add that to next month’s total. This would have pushed me over $1000 for March – oh well.

2022 Portfolio Update:

Portfolio increase 4.32% to a new all time high of $566,366.46!  

Dividends in March were up 52% compared to last March!!!  Last year (2021) I received $14,022 in dividends.  So far in 2022, I have received $3351.14.  My forward 12 month dividend income is sitting at $14,137.00  That doesn’t include any year end/special distributions.  I am hoping to get $18,000 by year end.

How was your March?  Stay safe out there & Go Canada!

February 2022 Dividend Update

Dividend Income & Portfolio Update

Personal Highlights – February 2022

  • This is going to be a quick update. Not really feeling writing an update this month as everything kind of sucks in the world….but I haven’t missed one since I started, so I’ll do a quick one!
  • Financial Highlights for February:

  • I’ve been really focusing on maxing my TFSA out this year.  Very early on I never contributed to it at all – as I was only putting money into an RRSP.  I  have since switched my focus.  As of January 1st, I had $29,614 contribution room available.  In the first 2 months of the year I’ve been able to contribute $7000.  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.
  • Made 3 purchases in February!  I bought the following:
    – 78 Shares of Brookfield Asset Management @ $69.00
    – 150 Shares of GoEasy Financial @ $155.00
    – 800 Shares of XAW @ $33.98
    These 3 purchases add an additional $1114.20 in dividend income.
  • RBNK (Canadian Banking ETF) increased their dividend which now allows me to drip an additional share each quarter.  I plan to continue to add to this position as well as Brookfield.
  • Received dividends from 7 companies and 1 funds.  Dripped an additional 28 shares/units.  Last year I dripped a total of 603 new shares.  So far this year I have dripped 114 in the first 2 months!

Passive Income Update For February 2022.

TFSA’S:

Diversified Royalty Income: $28.74 (dripped 10 shares)

Power Corp: $119.79 (dripped 2 shares)

Artis Reit: $49.60 (dripped 3 shares)

European Residential Reit: $7.80 (dripped 1 share)

RBNK: $60.61 (dripped 2 share)

Nexus Reit: $15.20 (dripped 1 share)

Canadian NET Reit: $10.64

TFSA’s Total: $292.38

RRSP:

Canadian Equity Income Distribution: $384.76 (dripped 10 units)**

** Fun Fact ** Since I started tracking my dividends in 2015 – this fund(RBC Canadian Equity Income Fund) has paid me over $25,000 in dividends (all reinvested into new shares)!

RRSP Total: $384.76

Total Passive Income February 2022:  $677.14

2022 Portfolio Update:

Portfolio increase 2.15% to $542,194.00!  

Dividends in February were up 16% YoY.  Last year I received 14,022 in dividends.  My forward 12 month dividend income is sitting at $14,361.02.  That doesn’t include any year end/special distributions.  I am hoping to get close to $18,000 by year end.

Here is my updated list of all holdings after my 3 new purchases:

Symbol Name Shares Annual Div Yearly Income Account
AQN Algonquin Power & Utilities 1036 $0.88 $911.68 J TFSA
ATD.B Couche Tard 604 0.44 $265.76 J RRSP
AX.UN Artis REIT 995 $0.60 $597.00 J TFSA
BAM.A Brookfield Asset 78 $0.71 $55.38 J TFSA
CAE CAE 245 $0.00 $0.00 J RRSP
CHR Chorus Aviation 931 $0.00 $0.00 A TFSA
CWB Canadian Western Bank 1 $1.16 $1.16 J TFSA
DIV Diversified Royalty Income 1578 $0.22 $347.16 J TFSA
ERE.UN European Residential Reit 590 $0.16 $94.40 J TFSA
EQB Equitable Group 541 $1.12 $605.92 J RRSP
NET.UN Canadian Net REIT (fronsac) 376 $0.34 $127.20 A TFSA
GSY Go EASY 427 $3.64 $1,554.28 J RRSP
GRN.V Greenlane Renewables 3719 $0.00 $0.00 J TFSA
GRN.V Greenlane Renewables 20000 $0.00 $0.00 J RRSP
ITP Intertape Polymer Group 275 $0.85 $234.03 A TFSA
ITP Intertape Polymer Group 500 $0.85 $425.50 JRRSP
MFC Manulife 492 1.32 $649.44 A TFSA
NFI New Flyer Indiustries 693 $0.85 $589.05 J RRSP
NXR.UN Nexus Reit 285 0.64 $182.40 A TFSA
RBNK RBC CAD Bank Index 713 $0.96 $684.48 J TFSA
POW Power Corp Of Canada 244 $1.98 $483.12 J TFSA
RBC MF RBC US INDEX FUND 1242 $0.20 $248.40 A RRSP
RBF591 CA Equity Income Fund 3717.539 $1.24 $4,617.18 J RRSP
T Telus 192 $1.31 $251.44 T TFSA
TCL.A Transcontinental inc 944 $0.90 $849.60 J RRSP
WEF Western Forest Products 2091 $0.04 $83.64 J TFSA
XAW ISHARES ETF 838 $0.60 $502.80 J RRSP
Total Updated Feb 2022     $14,361.02  

I went shopping! 3 stock purchases!

I finally did it – I put the cash sitting in my RRSP & TFSA to work. I saw an opportunity to add to two positions I liked – and to initiate a new position in a company I have been eyeing for years. All in all, today I spent about $56,000 in the stock market – which was about $5500 fresh capital in my TFSA and mostly cash left over from previous sales in my RRSP. So…what did I buy today?

Stock Purchase # 1: XAW

I added to my (small) position in XAW. This is an ETF that holds over 8000+ stocks from all around the world (except Canada). I like this fund because it gives such great diversification, helps me diversify away from my home country bias, has a great track record, pays a semi annual distribution and has a very low MER 0.22%. I purchased 800 shares @ $34.00 in my RRSP. This purchase will add approximately $500-$600 to my annual dividend income (based on previous distribution amounts).

Stock Purchase # 2: GoEasy Financial

Easy Financial

GoEasy is an alternative lender, which I have written about many times. It is also my all time best performing stock (up 155%). They have been an outstanding performer for years. Consistently growing revenues, earnings and their dividend. I already had a position of 276 shares- and decided I wanted to add based on the recent dip in stock price. They also recently released results which in my opinion looked great. A few highlights from the earnings release:


– Annual Dividend Increased to $3.64, up 38%

– Adjusted Annual Diluted Earnings per Share1 of $10.43, up 38%

– Adjusted Quarterly Diluted Earnings per Share1 of $2.76, up 23%

Once I saw the earnings report, I thought I may have missed my chance to get in on the dip, but to my (happy) surprise, the stock was actually DOWN. I scooped up an additional 150 shares @ $150 in my RRSP. This purchase adds an additional $546 to my annual dividend income, allows me to drip an additional share each quarter and gives plenty of room for future dividend increases and capital growth.

Stock Purchase # 3: Brookfield Asset Management

Finally initiated a NEW position! I’ve had Brookfield on my watchlist for quite some time- and finally had enough cash in my TFSA to make a respectable purchase, on a day when the price had dipped into my buy range. I picked up 78 shares @$70 each in my TFSA. Although this one won’t add a ton of dividend income as the current yield is under 1%, I am confident the dividend will continue to grow each year (as it has been)- and the stock price should continue to appreciate at a nice clip as well (the stock is up over 120% over the last 5 years). I plan to add more to this position in the future. This purchase adds an additional $52.00 to my annual dividend income.

These 3 purchases today add around $1200 to my annual dividend income, and bump my forward dividend income up to $14,360.00!

What do you think of these purchases? Do you own these stocks? Would you buy them? Let me know!