Dividend Income From Some Canadian Bloggers - April 2021

COVID19 is still front and center all over the world. Lockdowns or versions of lockdowns are everywhere you look. In Alberta, they lowered the age to 12 years old for vaccine eligibility. Alberta is trying to get ahead of the variants by try getting many people their first dose as quick as possible.

Enbridge's Line 5 could be shut down. This pipeline , according to CBC, carries some 540,000 barrels of Canadian crude oil and other petroleum products per day across Wisconsin and Michigan to Sarnia, and accounts for nearly half of the supply of light crude oil, light synthetic crude oil and natural gas liquids in Ontario and Quebec.

Enbridge is a major holding of dividend investors in Canada. Enbridge is my largest position when it comes to dividend income.

Let's get to the list of dividend income from some Canadian bloggers for April 2021. Of course, I first want to mention my own dividend income report.

Moneymaaster received$1237.80 in dividend income for month of April 2021. Lots of new shares via DRIP and some new purchases during the month.

Our Life Financial received $3352.08 in dividend income for the month of April 2021. This is an of over 40% from 3 months ago. Our Life Financial also discusses her new purchases made during the month.

Reverse The Crush had 47% year over year growth by receiving $42.46 in dividend income for April 2021. Reverse The Crush also mentions his portfolio transactions for April.

Passive Canadian Income had over 36% growth year over year receiving $1622.33 in passive income for the month of April 2021. The amount of dividend income was $819.93, which is a new milestone for dividend income.

All About The Dividends received $665.84 for the month of April 2021. The TFSA lead the way in April. He also mentions is transactions for April 2021.

Conclusion:

We all started with $0.00 of passive income and have grown our investments over time. Each "BUY" transaction can provide ongoing dividend income which may also be increased over time.

In Canada and the United States, many brokerage accounts offer commission free trades and/or commission free ETFs. You can get started on your investing journey with very little money.

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 - April 2021

         

      

The month of April 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 
  

Bank of Nova Scotia (BNS) - $18.00   (Margin Account)

Bank of Nova Scotia (BNS) - $56.68   (Transfer Agent)

Bell Canada Enterprises (BCE)  - $87.50

Canadian Imperial Bank of Commerce (CM) - $160.60

Enerplus (ERF)  - $7.49

Restaurant Brands International (QSR) - $65.47

Rogers Communications Class B  (RCI.B) - $100.00

Shaw Communications (SJR.B) - $19.75

Subtotal : $515.49


TFSA

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

Boston Pizza Royalties Income Fund (BPF.UN) - $16.32

Cominar REIT (CUF.UN) -    $6.84

Killam Properties REIT (KMP.UN)    - $17.11

TD Bank (TD)  - $48.98

Telus Corporation (T) - $14.94

TFI International (TFII) - $14.20

Subtotal: $123.52

Total = $639.01

I received a total of $639.01 in dividend income for the month of April 2021.  This represents a 5.23% decrease from 3 months ago and 4.85% increase year over year.   

The decrease from 3 months ago was that Boston Pizza Royalties Income Fund paid a special distribution of $0.20 per unit in January on top of their normal distribution rate of $0.065 per unit monthly. 

I received dividend / distribution income from  14 different companies. 

I received $0.00 in option premiums within my investment accounts in April  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

TFI International (TFII) has commenced paying their dividend in US dollars in April 2021.  The company is headquartered in the Canada, but has operations that serve Canada, United States and Mexico.   The dividend above is the Canadian dollar equivalent amount that I received in my brokerage account.

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 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: April 2021

 The month of April 2021 is now behind us. 

During the month of April, COVID19 is still front and center in the news.  The third wave is spreading like wild fire.  This had made people very anxious.   

The price of a barrel of crude oil has been trading above $60US per barrel.  To see the price of oil this high during the pandemic is mind boggling to me.  

Portfolio Activity

Margin Account Activity

There was no activity in this account during April 2021.

TFSA Activity

On May 4, I purchased 82 shares of Algonquin Power and Utilities on the Toronto Stock Exchange.  I purchased the 82 shares of AQN.TO at $19.55 for a total cost of $1608.34.

At the time of purchase, Algonquin Power and Utilities pay $0.1551 USD quarterly, or $0.6204 USD per share annually.

This purchase adds $50.87 USD to my annual dividend income.  This is equivalent to $61.73 in Canadian dollars based on the exchange rate at the time of this writing.

I recently turned on the DRIP for all stocks in my TFSA.

Shares Purchased Via DRIP

1 shares of ERF.TO @ 6.8635 for a total cost of $6.92 (Margin Account)

0.723217 shares of BNS.TO @ $78.3721 for a total cost of $56.68 (Transfer Agent)

1 unit  of BPF.UN.TO @ $13.1535 for a total cost of $13.15 (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 1.75%.

Bank of Nova Scotia pays a quarterly dividend of $0.90 per share, or $3.60 per share annually.  This drip adds $2.60 CAD to my annual dividend income.  The yield on cost for this DRIP is 4.59%.

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 5.93%.

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

I was late getting this post out so I will include the dividend increases up to the day of post.

On May 6,  Algonquin Power and Utilities (AQN.TO) reported their first quarter earnings.  Algonquin announced a dividend increase.  The quarterly dividend was increase from $0.1551 USD to $0.1706 USD per share.  This is increase of 9.99%.

I currently own 82 shares of AQN.TO. This increase adds $5.08 USD to my annual dividend income.  This is equivalent to $6.16 in Canadian dollars based on the exchange rate at the time of this writing.

On May 6, Enerplus (ERF.TO) announced a dividend increase from $0.12 CAD  to $0.132 CAD per share annually.  The dividend was stagnant for multiple years after it was continuously reduced.  This was a welcome surprise.   

I currently own 750 shares of Enerplus, so this increase adds $9.00 CAD to my annual dividend income.  Enerplus also stated that the dividend will be now paid quarterly, instead of monthly, starting June 15.  

On May 7, Telus increased quarterly dividend from $0.3112 CAD to $0.3162 CAD.  This is an increase of 1.607%.  This seems small at first.  Telus has been raising their dividend semi-annually for several years but did not raise last May.  The dividend was raised in November 2020.  This dividend increase is an increase of 8.57% from 12 months ago.

I currently own 48 shares of Telus Corporation (T.TO).  This increase adds $0.96 to my annual dividend income.  

Dividend Decreases

There was no dividend decreases in April 2021. 

Summary: 

As of May 8, 2021 , the total value of the portfolio is $150227.50 . This is a 4.15% increase over last month's total. 

The portfolio is estimated to produce an estimated $5742.05 in dividend income over the next 12 months. This is an increase of $63.06 CAD , or 1.11%. 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), 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 financial situation an

Recent Purchase

    Climate change was not taken serious until recently.  People, and even countries, said they will reduce their emissions or do other things to reduce the impact on the environment.  But, there was little action taking at any level.

Over the past years in the last couple of decades we have seen more and more devasting hurricanes, forest fires, droughts and air pollution.  It seems every single year is hottest year on record.

As an investor, you can take advantage now of opportunities as renewable energy is the future.  There will still be a need for oil and gas for several years, but there is going to be a major push for renewable energy.

Purchase

On May 4, I purchased 82 shares of Alqonquin Power and Utilities (AQN.TO) at $19.55 per share for a total cost of $1608.34 including commissions.   This purchase was made in my TFSA.

Algonquin Power and Utilities  currently pays a $0.1551 USD per share quarterly dividend, or $0.6204 USD per share annually.

This purchase adds $50.87 USD to my annual dividend income.  This is equivalent to $62.39 CAD.  

Disclosure:   Long AQN.TO

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.