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!

January Update: Dividends, Drips and Dogs

Dividend Income & Portfolio Update

Personal Highlights – January 2022

  • A new year is upon us – though not much to celebrate yet.  We are all still muddling our way through this pandemic.  I’ve said it before – but it SEEMS like there might actually be some light at the end of the tunnel.  Vaccination rates are high in Canada – and the Omicron wave seems to have peaked.  The next few weeks should give us a good idea on if this may actually be the start of the end.
  • I finally got a family doctor – which is great – but he’s already finding a ton of things wrong with me….haha.  I’ve got upcoming appointments with a cardiologist, nerve specialist and I started physio for back pain…getting old sucks people let me tell ya (and I’m not even that old).
  • Life is getting a lot busier.  Monday – our daughter has swimming, Tuesday both kids play soccer (I coach) and then I play soccer, Wednesday the wife is curling, Thursday daughter is skating – and then it’s the weekend.  Thank god for grandma’s and sleepovers! 
  • Canada went 3-0 in World Cup Qualifying in this window, beating Honduras, USA & El Salvador.  We are basically guaranteed to make the World Cup in Qatar now – and the boys are on fire.  The “EloRankings”  which is considered more accurate than the Fifa rankings now has us at 21st in the world (ahead of the USA)! Amazing times to be a Canadian soccer fan.
  • Bruno (the dog) is now 8 months old – and already weighs over 70 pounds.  He is adapting “fairly” well to things, but we do spend about 3 hours a day chasing him because he is chewing something he shouldn’t be…. 
  • Had my brother over for a random whisky tasting.  Here is how we ranked them…
    Whiskey Bourbon Scotch

    Financial Highlights for January:

  • Increased my bi-weekly contribution amounts into TFSA(s).  I still have lots of contribution room – but hoping to get it maxed by end of year.
  • Redeemed some RBC Rewards points for an additional $250 deposited into my TFSA.
  • Received year end distributions from $RBNK & Artis Reit.
  • Paid dividends from 11 companies and 2 funds.  Dripped an additional 86 shares/units.  Last year I dripped a total of 603 new shares.
  • Canadian Net Reit announced a 13.3% dividend increase!
  • Highest ever TAX FREE Dividend month ($799.26)

Passive Income Update For January 2022.

TFSA’S:

Diversified Royalty Income: $28.56 (dripped 10 shares)

Telus: $62.21 (dripped 2 shares)

Artis Reit: $308.16* (dripped 25 shares) *Special distribution

Artis Reit: $48.15* (dripped 4 shares) *Regular distribution

Canadian Western Bank: $0.30

European Residential Reit: $7.73 (dripped 1 share)

Algonquin Power: $217.33 (dripped 13 shares)

RBNK: $49.77 (dripped 1 share) Regular dividend

RBNK: $51.26* (dripped 1 share) *Special dividend

Nexus Reit: $15.42 (dripped 1 share)

Canadian NET Reit: $10.64

TFSA’s Total: $799.26

RRSP:

Canadian Equity Income Distribution: $383.68 (dripped 10 units)

GoEasy Financial: $182.16 (dripped 1 share)

New Flyer Industries: $145.78 (dripped 7 shares)

Transcontinental: $210.15 (dripped 10 shares)

RRSP Total: $2882.57

Total Passive Income January 2022:  $1751.87

2022 Portfolio Update:

Portfolio decreased -1.78% to $531,493.52

I started off the new year fairly strong, with $1751.87 in dividends.  This is actually a decrease from last January – but that is because last year I was paid $1181 from XAW (which I have since sold).  My forward 12 month dividend income is sitting at $12,640.20.  That doesn’t include any year end/special distributions – and I am confident/hopeful I will easily pass $15,000 in distributions this year.

I didn’t make any purchases in January, although I am sitting on about 12% cash in my RRSP, and 5% cash in my TFSA.  The companies/funds at the top of my watchlist continue to be:
– Equitable Group
– RBNK
– Visa
-Disney
-XAW
-BAM
-CN/CP Rail

 

Starting off the year – here are my current holdings.  I plan to revisit this at the end of the year.

Symbol Name Shares Annual Div Yearly Income
AQN Algonquin Power & Utilities 1036 $0.88 $911.68
ATD.B Couche Tard 604 0.44 $265.76
AX.UN Artis REIT 992 $0.60 $595.20
CAE CAE 245 $0.00 $0.00
Cash Cash in RRSP 50,000 $0.00 $0.00
CHR Chorus Aviation 931 $0.00 $0.00
CWB Canadian Western Bank 1 $1.16 $1.16
DIV Diversified Royalty Income 1568 $0.22 $344.96
ERE.UN European Residential Reit 590 $0.16 $94.40
EQB Equitable Group 541 $0.74 $400.34
NET.UN Canadian Net REIT (fronsac) 376 $0.30 $112.80
GSY Go EASY 276 $2.64 $728.64
GRN.V Greenlane Renewables 3719 $0.00 $0.00
GRN.V Greenlane Renewables 20000 $0.00 $0.00
ITP Intertape Polymer Group 275 $0.85 $234.03
ITP Intertape Polymer Group 500 $0.85 $425.50
MFC Manulife 492 1.32 $649.44
NFI New Flyer Indiustries 686 $0.85 $583.10
NXR.UN Nexus Reit 284 0.64 $181.76
RBNK RBC CAD Bank Index 713 $0.84 $598.92
POW Power Corp Of Canada 244 $1.98 $483.12
RBC MF RBC US INDEX FUND 1225 $0.20 $245.00
RBF591 CA Equity Income Fund 3696 $1.24 $4,590.43
T Telus 190 $1.31 $248.82
TCL.A Transcontinental inc 934 $0.90 $840.60
WEF Western Forest Products 2091 $0.04 $83.64
XAW ISHARES ETF 38 $0.55 $20.90
Total Updated Jan 2022     $12,640.20

Cheers!