Portfolio Update - May 2026

 The month of May 2026 as ended and it was quite the month! 

The conflict in the middle east is the major news event over the past month. This has led to increase fuel costs across the globe.  Consumers and businesses has seen their expenses increase. 

The trade talks between United States, Mexico and Canada continue to be on and off one week to the next. 

The S&P 500 has been up 0.64% over the last month and down 2.62% over the last 5 days.

The S&P TSX Composite index has been up 1.64% over the last month and down 0.98% over the last 5 days.

Portfolio Activity

Margin Account Activity

On May 5, I sold 4 RCI.B.TO 22MAY2026 $54.00 covered call options at $0.07 per contract for a total net premium of $24.04 after commissions.  This option expired worthless.

On May 26, I sold 4 RCI.B.TO 26JUNE2026 $54.00 covered call options at $0.12 per contract for a total net premium of $44.04 after commissions. 

The covered call on Loblaws expired worthless on May 22 of 2026.  On May 27, I sold 2 L.TO 19JUNE2026 $64.00 covered call at $0.27 per contract for a total net premium of $52.02 after commissions. 

On May 29, I purchased 6 shares of Walmart Inc (Ticker symbol : WMT) in my US dollar account within my margin account.  The funds for this purchase came from the cash build up in the US account from dividends paid by Chord Energy.  I purchased 6 shares of Walmart at $116.40 for a total cost of $698.40 USD.

TFSA Activity

On May 11,  I averaged down on my position in A&W Food Services of Canada position.  I purchased 10 shares  of AW.TO at $35.80 per share for a total cost of $358.00 including commissions.  Currently, A&W pays s a dividend of $0.48 CAD per share quarterly, or $1.92 CAD per share annually.  The yield on cost of this purchase is 5.36%. 

This purchase adds $19.20 CAD to my annual dividend income.

On May 14, I averaged down again on this position.  I purchased 5 additional shares at $35.06 per share for a total cost of $175.30 including commissions.  Yield on cost for this purchase is  5.48% .  

This purchase adds $9.60 CAD to my annual dividend income.

On May 11, I averaged down on my Algonquin Power and Utilities (AQN.TO) .  I purchased 25 shares of Algonquin at $8.23 per share for a total cost of $205.75 CAD including commissions.  Currently Algonquin pays a dividend of $0.065 USD per share quarterly, or $0.26 per share annually.  Alqonquin pays their dividends in US dollars, which is converted to Canadian dollars by my brokerage.

This purchase adds $6.50 USD to my annual dividend income.  

On May 15, I averaged down on again on my Algonquin position.  I purchased 5 shares at $8.00 for a total cost of $40.00 including commissions.  This purchase adds $1.30 USD to my annual dividend income. 

On May 15, I initiated a position in Capital Power Corporation (CPX.TO).  I purchased 100 shares at $62.90 CAD per share for a total cost of $6290.00.  Currently, Capital Power pays a dividend of $0.6910 CAD per share quarterly, or $2.764 CAD per share annually.  The yield on cost for this purchase is 4.39%. 

This purchase adds $276.40 CAD to my annual dividend.

On June 2, I decided to purchase BMO Asset Management Money Market Fund, which trades under ticker symbol ZMMK.   I purchased 78 units of ZMMK at $49.84 per share for a total cost of $3887.52.  Currently, ZMMK pays a distribution of $0.095 per unit monthly, or $1.14 per unit annually.  The distribution is variable from one month to the next. The yield on cost for this purchase is 2.29%. 

This purchase adds $88.92 CAD to my annual dividend income.

On June 3, I averaged down on my Allied Properties REIT (AP.UN.TO) position.  I bought 3 units of Allied Properties REIT at $9.75 CAD for a total cost of $29.25 CAD.  Currently, Allied Properties REIT pays a distribution of $0.06 CAD per unit monthly, or from $0.72 CAD per unit annually.  The yield on cost is 7.38%.   

This purchase adds $2.16 CAD to my annual dividend income.

Shares Purchased Via DRIP

1 unit of HHIS.TO @ $11.44 for a total cost of $11.44 CAD (TFSA)

1 unit of REI.UN @ $21.7961 for  a total cost of $21.80 CAD (TFSA)

2 shares of EMA.TO @ $71.46779 for a total cost of $142.94 CAD (Margin)

1 unit of AP.UN @ $9.56 for a total cost of $9.56 CAD (TFSA)

1 unit of KMP.UN @ $17.89704 for  a total cost of $17.90 CAD (TFSA)

1 unit of SRU.TO @ $28.06234 for a total cost of $28.06 CAD (TFSA)

1 share of FTS.TO @ $75.85433 for a total cost of $75.85 CAD (TFSA)

I have some other positions with the DRIP turned on but might not have enough of a dividend to purchase a whole share. 

My Enbridge position directly with the transfer agent is set up to DRIP.  Around November 2018, Enbridge stopped their DRIP program.  If Enbridge decides to start a DRIP, then my shares will start to DRIP again automatically.  

Dividend Increases

On May 27, Bank of Montreal (BMO.TO) increased their dividend  from $1.67 to $1.71 CAD per share quarterly, or from $6.68 to $6.84 annually.  This is an increase of 2.40%.

I own 85 shares of Bank of Montreal.  This increase adds $13.60.

On May 27, Bank of Nova Scotia (BNS.TO) increased their dividend  from $1.10 to $1.14 CAD per share quarterly, or from $4.40 to $4.56 annually.  This is an increase of 3.64%.

I own 104.400884 shares of Bank of Nova Scotia.  This increase adds $16.70 to my annual dividend income.

On May 28, Royal Bank of Canada (RY.TO) increased their dividend  from $1.64 to $1.76 CAD per share quarterly, or from $6.56 to $7.04 annually.  This is an increase of 7.32%.

I own 56 shares of Royal Bank.  This increase adds $26.88 to my annual dividend income.

On May 28, TD Bank (TD.TO) increased their dividend  from $1.08 to $1.12 CAD per share quarterly, or from $4.32 to $4.48 annually.  This is an increase of 3.70%.

I own 256 shares of TD Bank.  This increase adds $40.96 to my annual dividend income.

Dividend Decreases

There was no dividend decreases in the month of May 2026. 

Summary: 

As of June 7 2026, the total value of the portfolio is $392983.73 . This is a 5.76% increase over last month's total.

The portfolio is estimated to produce an estimate $14359.15 CAD in dividend income over the next 12 months. This is an increase of $599.89 CAD , or 4.36%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

Googlesheets is still not operating properly.  So, I had to manually enter the market value for the REITS, BEP.UN, and BPF.UN.

Any dividend increases or decreases in April 2026 will be included in the next portfolio update. 

Please Note: Positions in Restaurant Brands International (QSR.TO),  Brookfield Renewables Corporation (BEPC.TO), and Algonquin Power and Utilities (AQN.TO)  pay dividends in US dollars. Brookfield Renewables Partners (BEP.UN) pays distributions in US dollars. My investment tab spreadsheet displays the Canadian dollar equivalent within 15 to 20 minutes of real time. 

Disclosure: Long aforementioned stocks

DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice. Every individual should do their due diligence to make their own financial decisions based on their own research and tolerance for risk. 

Dividend Income Update - April 2026

                                                         

The month of April 2026 is another month of dividend income landing in my accounts. 

Due to becoming debt free, I changed my pay myself model. Starting the beginning of August 2021, I am paying myself 30%, just like before. This will now consist of 24% to investing, and 6% to savings.  The investment portion is going to my TFSA. Any money left over at the end of the month, I put towards investing on top of the money allocated from paying myself first. Hopefully, I can keep this up!

Update on paying myself first. At the start of August 2022, I now pay myself 35%.  This will consist of 25% to investing and 10% to savings. 

At the start of January 2024, I allocated 27% to investing and 10% to savings. 

Starting July 2024, I started allocating 30% to investing and 10% savings.

Note: All the dividends and totals below are in Canadian Dollars

I received a total of $1623.59 in dividend income for the month of April  2026. This represents a 3.51% increase from 3 months ago and a 3.86% decrease year over year.

I received dividend / distribution income from 17 different companies.

I received $216.04 in net option premiums within my investment accounts in April 2026.  

Below is a visual of my dividend totals for the last 5 years.

Click To Enlarge

Most of my dividend income usually comes from my margin account.  As more investments and DRIPs are made inside TFSA, the percentage of dividend income for the TFSA is increasing. 

Click To Enlarge

Next, I will show the percentage of total income for each position. 

Click To Enlarge

In the first four months of 2025, I received $4793.20 in dividends. In the first four months of 2026, I received $4960.19 in dividends. This is an increase of 3.48% in 2026 over the same period in 2025. 

The graph below shows my total dividend income, as per the blog, since 2012. 

Click To Enlarge

I will update my dividend income tab with the new amount. I will include my option premium income also. It is great to see money from passive income sources deposited into my brokerage account every single month.

Note: Any activity in my RRSP account is not included in these totals.

How was your dividend income for April 2026?

Disclosure : Long all mentioned securities

DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.

Portfolio Update - April 2026

 The month of April 2026 a ended and it was quite the month! 

The conflict in the middle east is the major news event over the past month. This has led to increase fuel costs across the globe.  Consumers and businesses has seen their expenses increase. 

The S&P 500 has been up 9.35% over the last month and up 1.08% over the last 5 days.

The S&P TSX Composite index has been up 2.14% over the last month and up 0.12% over the last 5 days.

Portfolio Activity

Margin Account Activity

On April 7, I sold 2 L.TO 17April2026 $62.00 put options at $0.40 per contract for a total net premium of $78.02 after commissions.

On April 17, the Loblaws stock (Ticker symbol L.TO) was trading below $62.00 per share at expiration.  I was assigned 200 shares of Loblaws at $62.00 per share.  My adjusted cost base for 200 shares is $12321.98 (200*$62.00-$78.02).  The adjusted cost base per share is $61.61.  Currently, Loblaws pays a dividend of $0.141075 per share quarterly, or $0.5643 per share annually.  The yield on cost for this purchase is 0.916%.  

This purchase adds $112.86 to my annual dividend income. 

On April 20, I sold 2 L.TO 15May2026 $64.00 call options at $0.70 per contract for a total net premium of $138.02 after commissions.

TFSA Activity

On April 6,  Titanium Transportation Group (Ticker Symbol TTNM.TO) went private after the shareholders voted in the deal.  Prior to the deal, majority of the shares were own by a private equity group and members of the executive team.  The shares were assigned at $2.22 per share.  I owned 965 shares, so I received $2142.30.  I essentially broke even with this position. 

Titanium Transportation Group suspended their dividend in February 2025, due to the uncertainty of trucking revenue due to tariffs.  So, the deal did not reduce my annual dividend income.

On April 29,  I purchased 3 shares of Canadian National Railway (CNR.TO) at $149.40 and then 10 shares at $147.50 .  The total cost of these purchases is $1923.20 .  Currently, Canadian National Railway pays a dividend of $0.97 CAD per share quarterly, or $3.88 CAD per share annually. The yield on cost is 2.62%.

This purchase adds $50.44CAD to my annual dividend income.

Shares Purchased Via DRIP

1 unit of HHIS.TO @ $10.15907 for  a total cost of $10.16 CAD (TFSA)

1 unit of REI.UN @ $20.09979 for  a total cost of $20.10 CAD (TFSA)

3 shares of AQN.TO @ $6.2773 USD for a total cost of $25.92 CAD (TFSA)

1 unit of AP.UN @ $10.60803 for a total cost of $10.61 CAD (TFSA)

1 unit of KMP.UN @ $17.07 for  a total cost of $17.07 CAD (TFSA)

1 unit of SRU.TO @ $28.02039 for a total cost of $28.02CAD (TFSA)

1 share of TD.TO @ $145.14728 for a total cost of $145.15 CAD (TFSA)

0.876315 shares of BNS.TO @ 104.848 for a total cost of $91.88 CAD (Transfer Agent)

I have some other positions with the DRIP turned on but might not have enough of a dividend to purchase a whole share. 

My Enbridge position directly with the transfer agent is set up to DRIP.  Around November 2018, Enbridge stopped their DRIP program.  If Enbridge decides to start a DRIP, then my shares will start to DRIP again automatically.  

Dividend Increases

There was no dividend increases in the month of April 2026.

Dividend Decreases

There was no dividend decreases in the month of April 2026. 

Summary: 

As of May 3 2026, the total value of the portfolio is $371593.27 . This is a 5.34% increase over last month's total.

The portfolio is estimated to produce an estimate $13759.26 CAD in dividend income over the next 12 months. This is an increase of $129.05 CAD , or 0.947%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

Googlesheets is still not operating properly.  So, I had to manually enter the market value for the REITS, BEP.UN, and BPF.UN.

Any dividend increases or decreases in April 2026 will be included in the next portfolio update. 

Please Note: Positions in Restaurant Brands International (QSR.TO),  Brookfield Renewables Corporation (BEPC.TO), and Algonquin Power and Utilities (AQN.TO)  pay dividends in US dollars. Brookfield Renewables Partners (BEP.UN) pays distributions in US dollars. My investment tab spreadsheet displays the Canadian dollar equivalent within 15 to 20 minutes of real time. 

Disclosure: Long aforementioned stocks

DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice. Every individual should do their due diligence to make their own financial decisions based on their own research and tolerance for risk.