Dividend Income From Some Canadian Bloggers

Nowadays it is more important to be an investor than before.  The COVID19 pandemic seems to be getting worse not better with all the new variants.  Over the past year, a lot of people have lost their jobs, lost hours, or had to quit their jobs to stay at home with their kids.  The government is continues to print money out of thin air when restrictions are impose on its citizens.  Provincial governments are asking the federal government for help.

I do not expect life to return back to normal for at least a couple of years.  I am not a fan of lockdowns as I believe they have a severe effect on mental health.

If COVID19 does not cause an epiphany for people to steps to help better their financial lives, I am not sure what will at this stage.  

I am more grateful today then ever that I am able to receive dividend income.  Check out my dividend income for March 2021.  

Now, for the passive income received from some other Canadian bloggers

Passive Canadian Income received $1269.35 in passive income for the month of March.  The amount of dividends received was $720.39.  This represents approximately 57% of the total passive income.   

Reverse The Crush received $87.47 in dividend income.  As Reverse The Crush just finished paying off the student loan, look for dividend amounts to increase more quickly in the future. 

Our Life Financial received $1835.22 in dividend income.  Similar to me, ENB was the biggest dividend amount. 

All About the Dividends received $576.34 in dividend income for the month of March 20201.  The RRSP account lead the way the month.

Conclusion

With many commission free brokerages in the United States and Wealth Simple Trade in Canada, more and more individuals can invest with little money.  Also. some brokerages have commission free ETFs when you buy units of an ETF.  

Passive income makes life easier as you never know what is going to happen such as a pandemic, illness, or losing a job.  

The journey to financial independence can start with just a single share of stock!.

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.

Dividend Income Update - March 2021

        

      

The month of March 2021 is another month of dividend income landing in my accounts. Recently, I switched my pay yourself first model once again.   The interest on debt is 7.16% 5.66% plus the insurance on the debt. The decrease in the interest rate is a result of emergency rate cuts by the Bank of Canada over the COVID19 pandemic.  

Starting the beginning of January 2021.  I am paying myself 30%.  This will consist of 15% to investing, 12% to debt, and 3% to savings.   I am treating paying debt as paying myself first, to insure I am actually doing it. If I try to pay down debt after spending money on expenses, I might not get the debt paid off in a reasonable time.  I am hoping I can keep this up! 

 

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

Non-registered Accounts 
  

Enbridge (ENB) - $21.95  (Transfer Agent)

Enbridge (ENB) - $250.50 

Enerplus (ERF)  - $7.48

Inter Tape Polymer (ITP) - $23.55

Shaw Communications (SJR.B) - $19.75

Subtotal : $323.23


TFSA

A&W Royalties Income Fund  (AW.UN) - $5.13

Boston Pizza Royalties Income Fund (BPF.UN) - $16.25

Brookfield Renewable Partners LP (BEP.UN) - $29.90

Brookfield Renewable Partners Corporation (BEPC) - $4.55

Canadian National Railway (CNR) - $23.37

Cominar REIT (CUF.UN) -    $6.84

Enbridge (ENB) - $27.56

Fortis Inc (FTS)  - $8.59

Killam Properties REIT (KMP.UN)    - $17.11

Subtotal: $139.30

Total = $462.53

I received a total of $462.53 in dividend income for the month of March 2021.  This represents a 1.639% increase from 3 months ago and 6.76% increase year over year.   

I received dividend / distribution income from  12 different companies. 

I received $0.00 in option premiums within my investment accounts in March  2021.

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

Click to Enlarge

Most of my dividend income comes from my margin account. 

Click To Enlarge

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

Click To Enlarge

The dividend from Fortis is for 17 shares.  My recent purchase of Fortis inside my TFSA occurred after the ex-dividend date.   

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 March 2021?


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 - March 2021

The month of March 2021 is now behind us. 

During the month of March, the Supreme Court of Canada ruled the carbon tax is constitutional.  Ontario, Saskatchewan, and Alberta believe the carbon tax will hurt their economies as it will make everything more expensive.  Renewable energy will become more of a focus.  

Portfolio Activity

Margin Account Activity

There was no activity in this account during March  2021.

TFSA Activity

There was no activity in this account during March 2021. 

Shares Purchased Via DRIP

1 shares of ERF.TO @ 6.9235 for a total cost of $6.92 (Margin Account)

1 unit  of BPF.UN.TO @ $12.9135 for a total cost of $12.91 (TFSA)

Enerplus pays a dividend of $0.01 per share monthly, or $0.12 per share annually. This drip adds $0.12 CAD to my annual dividend income. The yield on cost for this DRIP is 1.73%.

Boston Pizza Royalties Income Fund pays a distribution of $0.065 per unit monthly, or $0.78 per unit annually.  This drip adds $0.78 CAD  to my annual dividend income.  The yield on cost for this DRIP is 6.04%.

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.  

Please note that if some brokerages DRIP shares when there is no DRIP program by the actual company. This DRIP is when the brokerage buys the shares directly off the public market stock exchanges. 

Dividend Increases

There was no dividend increases in March 2021.

Dividend Decreases

There was no dividend decreases in March 2021. 

Summary: 

As of April 2, 2021 , the total value of the portfolio is $144234.93. This is a 9.36% increase over last month's total. 

The portfolio is estimated to produce an estimated $5678.99 in dividend income over the next 12 months. This is an decrease of $5.72 CAD , or 0.1006%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars. 

Please Note: Positions in Restaurant Brands International (QSR.TO) , Intertape Polymer Group (ITP.TO), and Brookfield Renewables Corporation (BEPC.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 financial situation an