Dividend Income From Some Canadian Bloggers - June 2021

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

Passive Canadian Income received $1615.83 in total passive income in June.  The amount of dividend income received was $784.92 and dripped 13 new shares.

Reverse The Crush received $93.81 in dividend income.  Getting close to receiving $100.00 in a single month.

Our Life Financial received $2167.51 in dividend income and 37 new shares via DRIP. 

Moneymaaster received $628.32 in dividend income and dripped 43 new shares. 

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 - June 2021

           

      

The month of June 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  (Margin Account)

Enerplus (ERF)  - $24.78

Intertape Polymer Group (ITP) - $23.12

Shaw Communications (SJR.B) - $19.75

Subtotal : $340.10


TFSA

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

Boston Pizza Royalties Income Fund (BPF.UN) - $16.45

Brookfield Renewable Corporation (BEPC) - $4.47

Brookfield Renewable LP (BEP.UN) - $29.36

Canadian National Railway (CNR) - $23.37

Cominar REIT (CUF.UN) -    $6.84

Enbridge (ENB)  - $27.56

Fortis Inc (FTS) - $23.74

Killam Properties REIT (KMP.UN)    - $17.11

Subtotal: $154.03

Total = $494.13

I received a total of $494.13 in dividend income for the month of June 2021.  This represents a 6.83% increase from 3 months ago and 1.128% increase year over year.   

The increase from 3 months ago was mostly due to adding to my position in Fortis Inc and the Enerplus new dividend payment schedule.  Enerplus switched from a monthly dividend to a quarterly dividend.  The first quarterly dividend from Enerplus was paid out in June.  This Enerplus payment also includes the new dividend amount after increasing the annual dividend rate.  

I received dividend / distribution income from  12 different companies.  I am getting Brookfield positions as 2 different companies as one is an LP and the other corporation structure.

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

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 June 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 - June 2021

 The month of June 2021 is now behind us. 

For the last week in Western Canada, there has been a weather event known as a heat dome.  This is a heat wave that also involves temperatures at night remaining very high.  The hottest place in Canada ever occured in Lytton, British Columbia during this week.  The temperature in this village broke a record from the 1930s and then broke the new record the next day.  After, Lytton then surpassed the most recent record the following day with a temperature of 49.5°C the next day.  

COVID19 is still the major topic.  In Alberta, Canada, the entire province removed nearly all the restrictions today including masks.  Today, over 95% of the people I saw today where still wearing mask.  There are still some businesses saying masks are required.  

Portfolio Activity

Margin Account Activity

There was no activity in this account during June 2021.  No cash has been added to this account in 2021.  The dividends have remained in the account.   

TFSA Activity

I continued to build up cash in this position by paying myself first and keeping the dividends in the account.  

On June 28,  I added to my position in Alqonquin Powers and Utilities Corporation.  I added 45 shares of Algonquin at $18.88 per share for a total cost of $854.71 including commissions.  I purchase the shares on the Toronto Stock Exchange.  

Currently, Algonquin pays a quarterly dividend of $0.1706 USD.  This purchase adds  $30.71 USD to my annual dividend income.  The dividends will be converted to Canada dollars before hitting my brokerage account.  At the time of this writing,  this is equivalent to $38.19 in Canadian dollars.  

Shares Purchased Via DRIP

2 shares of ERF.TO @ 8.6135 for a total cost of $17.23 (Margin Account)

1 unit  of BPF.UN.TO @ $14.14798 for a total cost of $14.15 (TFSA)

Enerplus pays a dividend of $0.033 per share quarterly, or $0.132 per share annually. This drip adds $0.26 CAD to my annual dividend income. The yield on cost for this DRIP is 1.53%. 

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 5.51%.

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 June 2021. 

Dividend Decreases

There was no dividend decreases in June 2021. 

Summary: 

As of July 1, 2021 , the total value of the portfolio is $158161.53 . This is a 0.965% increase over last month's total. 

The portfolio is estimated to produce an estimated $5796.70 in dividend income over the next 12 months. This is an increase of $55.37 CAD , or 0.96%. 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