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.

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Most of my dividend income comes from my margin account. 

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

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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.