Dividend Income From Some Canadian Bloggers - November 2022

 Covid is still in the news with doctors and parents of school age kids calling for mask mandates in all indoor public places.  The politicians have not made the move yet saying things like we have to learn to live with Covid or recommend people to wear masks.

In Canada, the weather has been real cold as of late.  In the lower mainland of British Columbia, there has been snow, freezing rain and pools of water on road ways.  There is possible high risk of flooding in the British Columbia's lower mainland. Some major bridges in Vancouver had to be closed to ice build up on the suspension cables.

While the federal government saying 20% of vehicles by 2026 manufactured will be electric.  Shortly around this time, Alberta as asked people to reduce their power usage.  So, when it gets really cold, the electricity grid is struggling to keep up with demand.  How will the grid handle the demand for electricity that comes from recharging electric vehicles?

The NDP's leader is threatening to break the agreement with the Liberal government over healthcare.  Currently, the healthcare in Canada is in bad shape.  The Prime Minister came out and said that just handing out more money will not fix or alleviate problems with the healthcare system across Canada.  Could the the government fall in early 2023 leading to another federal election.

There are predictions we will be in a recession in 2023.

Let's get to the list of dividend income from some Canadian bloggers for November 2022.  Of course, I first want to mention my own dividend income report.

Passive Canadian Income received $1592.64 in passive income for the month of November 2022.  Of this total, $469.91 was dividend income.  The number of new shares / units dripped came in at 1.

Reverse The Crush received $102.92 in dividend income in November 2022.  This is a 55% YoY increase.  

All About the Dividends received $644.71 in dividend income and added over $26.69 in forward dividend income via DRIPs.   

Our Life Financial received $1332.64 in dividend income.  Combined with her husband, they received $1565.88 in total dividend income and 26.65% increase YoY.  

Moneymaaster received $742.49 in dividend income and dripped 40 new shares/units to boost his future dividend income. 

My Own Advisor and Gen Y Money shared their individual dividend income updates with the world. Although their actual amount of dividend income received in November 2022 is not mentioned, there is some great information in their respective posts.    

Tawcan received $2833.05 in dividend income in November 2022 and dripped 25 shares. 

Fire We Go (via video) received $2139.73 in dividend income for the month of November 2022 

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.

Net Worth Update - December 24 2022

Today is December 24, 2022. Although passive income through dividends and option premiums is my focus when it comes to investing, I decide to do a post about my current net worth.

What is net worth? Simply put, net worth is calculated by adding up all assets and subtracting the total of all liabilities. Net worth is sometimes referred to as shareholder's equity. Assets and liabilities are part of the balance sheet.

Assets

Savings

The savings section is currently into 3 segments. The 3 parts are a "high" interest savings account, savings account, and an "investment" savings account.

The TFSA savings account was with Tangerine. I was frustrated with getting such a low interest rate with Tangerine. I took the money out and placed it in non-registered high interest rate savings account with EQ Bank. Unfortunately, the account did not disappear as interest was earned in the TFSA with Tangerine for the month I transferred the balance. The balance is $0.18. With a value this low, I do not even earn interest as the balance so low.  

On December 24, 2022, the value of the savings account with EQ Bank is $2040.94.  As of the time of this writing, the interest rate for EQ Bank is currently sitting at 2.50%. 

The stock and ETF investment involves a stock and an ETF that I hold within my margin account. I keep the dividends and distributions received separate from the dividends I post in my dividend income updates.

There were no new purchases in this account since last published update on September 24, 2022.

I own 100 units of Bank of Montreal's  Canadian High Dividend Covered Call ETF (ZWC.TO).  I received a total of $207.64 in total distributions as of December 24, 2022.

I own 41 units of Transalta Renewables (ticker symbol  RNW.TO).  Transalta Renewables pays a monthly dividend of $0.07833 per share.  I received a total of $48.15 in total dividends as of December 24, 2022.

On December 24, 2022 , the current value of this "stock / ETF account" is $2619.93.  I have earned a total of $345.20 in total dividends/distributions in this account. 

Overall, the savings total is $4661.05 . 

Non-registered Accounts

The non-registered accounts consist of a margin account and 2 stocks held directly with the transfer agents. The margin account is with Questrade. The total value is $116330.48 as of December 24, 2022. This is an decrease of 3.11% since the last published net worth post.


TFSA Investing Account

The TFSA investing account balance is $64475.17 as of December 24, 2022. This account is with Questrade. This is an increase of 4.62% since the last published net worth post.

Trading Account

The trading account is with Questrade. There is an active trade on in this account as of the time of this writing. As of December 24, the value of this account is $4872.00.

RRSP

I have transferred my RRSP from Tangerine to Questrade in April 2020. While at Tangerine, the RRSP was in the form of a "high" interest savings account. Now at Questrade, I decided to put the money to work.

As of December 24, 2022, I own 21 shares of CP Rail (Ticker Symbol  CP.TO) , 119 units of XAW, and 49 shares of Alimentation Couche-Tard  (ATD.B.TO).   I sold covered calls on the CP Rail position after purchasing 100 more shares, and 100 shares were assigned on December 16, 2022.    

The value of this account as of December 24, 2022 is $19696.63 . This is an increase of 11.05% from September 24, 2022.

Summary of Assets

Total Savings : $4661.05
Non-Registered accounts : $116330.48
TFSA Investing : $64475.17
Trading Account: $4872.00
RRSP Savings Account: $19696.63

Total Assets = $210035.33 (increase of 1.021% from 3 months ago)

Liabilities

The balance on my line of credit is $0.00. 

The owe $1181.07 CAD in my margin account.  The margin is in the Canadian dollar account within my margin account in Questrade.  The USD account in Questrade has a positive cash balance.

Summary of Liabilities

Credit Line = $0.00

Margin = $1181.07

Total Liabilities = $1181.07

Conclusion

On December 24, 2022, my net worth is $208854.26 . This is an increase of $3099.51, or 1.506%, from 3 months ago.

The market continues to go up and down. During the last 3 months, we have seen the rise of inflation and the fears of a recession take hold. 

Click To Enlarge

To read the ninth net worth update, click here.

To read the tenth net worth update, click here. 

To read the eleventh net worth update, click here. 

To read the twelfth net worth update, click here.  

Disclosure: - Long all 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 and tolerance for risk.

Dividend Income Update - November 2022

          

The month of November 2022 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. 

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

I received a total of $357.15 in dividend income for the month of November 2022. This represents a 1.334% increase from 3 months ago and 20.4% increase year over year.

I received dividend / distribution income from 8 different companies.

I received $0.00 in option premiums within my investment accounts in November 2022.

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

In the first 11 months of 2021, I received $5292.28 in dividends. In the first 11 months of 2022, I received $6298.28 in dividends. This is an increase of 19.01% YTD in 2022 over the same period of 2021.

I surpassed my 2021 total dividend income during October 2022.  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 November 2022?

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 - November 2022

The month of November 2022 is now behind us.

The inflation is taking its toll on the economy.  The price of food, gasoline, and utilities remain high.  The price on carbon adds another layer to this increase.  The inflation is also due to cost of shipping as there is a huge backlog of ships at ports that are waiting to be offloaded.

With people having health restrictions and lockdowns for over 2 years, I believe people are spending money on things like restaurants regardless of how much it costs.  Over the past 2 years, people have missed going on trips, going to restaurants, going to the movies or sporting events.  With the high amount of spending, this leads to higher inflation.  

Currently, COVID19 is affecting China.  We have seen residents of China pushing back over the lockdowns.

Here in Canada, the number of children hospitalized with COVID19 or other respiratory issues has increased drastically.  At a children's hospital in Calgary, they had to bring in heated trailers as their rooms inside the hospital are filled. 

Also, staff had to be brought in from another hospital to help with the increase in patients.

Portfolio Activity

Margin Account Activity

There was no activity in the account during the month of November 2022.   

TFSA Activity

There has been no activity in the account during the month of November 2022. 

Shares Purchased Via DRIP

1 unit of BPF.UN.TO @ $14.93 for a total cost of $14.93 (TFSA)

1 share of EMA.TO @ $50.43021 for a total cost of $50.43 (Margin)

1 unit of KMP.UN @ $16.63 for a total cost of $16.63 (TFSA)

Boston Pizza Royalties Income Fund pays a distribution of $0.10 per unit monthly, or $1.20 per unit annually.  This drip adds $1.20 CAD to my annual dividend income.  The yield on cost for this DRIP is 8.04%.

Emera Inc. pays dividend of $0.69 per share quarterly, or $2.76 CAD per share annually.  This drip adds $2.76 CAD to my annual dividend income.  The yield on cost using the Canadian dollar equivalent for this DRIP is 5.47%.

Killam Properties REIT pays a distribution of $.058333 per unit monthly, or $0.70 per unit annually. This drip adds $0.70 CAD to my annual dividend income.  The yield on cost for this drip is 4.21%.

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 November 3, Enerplus Corporation increased their dividend from $0.05 USD to $0.055 USD quarterly, or from $0.20 USD to $0.22USD per share annually.  This is an increase of 10.00%.  

At the time of the press release, I own 763 units of Enerplus Inc.  This increase adds $50.26 USD to my annual dividend income. This is equivalent to $68.33 in Canadian dollars, at the time of this writing. 

On November 4, Telus Corporation (T.TO) increased their dividend from $0.3386 CAD to $0.3511 CAD quarterly, or from $1.3544 CAD to $1.4044 CAD per share annually.  This is an increase of 3.69%.  

I own 248 shares of Telus Corporation.  This increase adds $12.40 CAD to my annual dividend income. 

On November 30, Enbridge Inc (ENB.TO) increased their dividend from $0.86 CAD to $0.8875 CAD quarterly, or from $3.44 CAD to $3.55 CAD per share annually.  This is an increase of 3.20%.  

I own 359.278 shares of Enbridge.  This increase adds $39.52 CAD to my annual dividend income.

On November 30, Royal Bank of Canada (RY.TO) increased their dividend from $1.28 CAD to $1.32 CAD quarterly, or from $5.12 CAD to $5.28 CAD per share annually.  This is an increase of 3.125%.  

I own 56 shares of Royal Bank.  This increase adds $8.96 CAD to my annual dividend income.

Dividend Decreases

There were no dividend decreases announced in November 2022.  

Summary: 

As of December 3, 2022, the total value of the portfolio is $187247.42. This is a 3.93% increase over last month's total.  

The portfolio is estimated to produce an estimated $7682.79 in dividend income over the next 12 months. This is an increase of $87.44 CAD , or 1.151%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

Please Note: Positions in Enerplus Corporation (ERF.TO), 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 and tolerance for risk.

Dividend Income From Some Canadian Bloggers - October 2022

Covid is still a major topic.  Lots of people getting sick, but we don't know the numbers like we did about a year ago.   Just recently, the top doctor in Ontario suggested everyone where a mask indoors as hospitals are being overwhelmed.

In Alberta, a lot of students are reported off sick.  Parents have called for mandatory masking in schools, but the premier does not seem want to make masks mandatory.

The prices of goods and services continue to increase.  This is due to governments printing money, supply chain issues, and the ongoing Russian-Ukraine war.  The supply chain issues started prior to COVID19 becoming a pandemic, but got a lot worse because of the COVID19 pandemic.   After being stuck at home for about 2 years, people tend to be flooding to restaurants and travelling regardless of the rising inflation environment.  

There are predictions we will be in a recession later in 2022, while others are saying in 2023.

Let's get to the list of dividend income from some Canadian bloggers for October 2022.  Of course, I first want to mention my own dividend income report.

Passive Canadian Income received $2117.63 in passive income for the month of October 2022.  Of this total, $912.82 was dividend income.  The number of new shares / units dripped came in at 35.

All About the Dividends received $621.73 in dividend income and added over $35.53 in forward dividend income via DRIPs.   

Reverse The Crush received $126.92 in dividend income in October 2022.  This is a 63% YoY increase.  

Our Life Financial received $3644.80 in dividend income.  Combined with her husband, they received $4398.80 in total dividend income and 12.28% increase YoY.  

Moneymaaster received $1809.67 in dividend income and dripped 81 new shares/units to boost his future dividend income. 

Labour To Leisure received $445.89 in dividend income and dripped 9 new shares.

My Own Advisor and Gen Y Money shared their individual dividend income updates with the world. Although their actual amount of dividend income received in October 2022 is not mentioned, there is some great information in their respective posts.    

Fire We Go received $2426.20 in dividend income for the month of September. 

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 - October 2022

         

The month of October 2022 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. 

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

I received a total of $899.77 in dividend income for the month of October 2022. This represents a 13.23% increase from 3 months ago and 31.6% increase year over year.

I received dividend / distribution income from 15 different companies.

I received $0.00 in option premiums within my investment accounts in October 2022.

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

In the first 10 months of 2021, I received $4995.68 in dividends.  In the first 10 months of 2022, I received $5941.13 in dividends.  This is an increase of 18.93% YTD in 2022 over the same period of 2021.  

I surpassed my 2021 total dividend income during October 2022.  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 October 2022?

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 - October 2022

The month of October 2022 is now behind us.

The inflation is taking its toll on the economy.  The price of food, gasoline, and utilities remain high.  The price on carbon adds another layer to this increase.  The inflation is also due to cost of shipping as there is a huge backlog of ships at ports that are waiting to be offloaded.

The federal government introduced a bill in the House of Commons that would double GST payments for 6 months.  The bill passed and got passed in the senate.  This first week of November, millions of Canadians received these GST checks.

Currently, COVID19 is affecting China.  This will have an effect on the amount of goods available.  
  
Portfolio Activity

Margin Account Activity

There was no activity in the account during the month of October 2022.   

TFSA Activity

On October 13, I purchased 30 additional shares of Fortis Inc (FTS.TO). These shares were at $48.87, for a total cost of $1471.16 including commissions.

Fortis Inc. currently pays a dividend of $0.565 per share quarterly, or $2.26 per share annually. The yield on cost at the time of this purchase is 4.61%.

This purchase adds $67.80 CAD to my annual dividend income. 

Shares Purchased Via DRIP

1 unit of BPF.UN.TO @ $15.22 for a total cost of $15.22 (TFSA)

1 share of QSR.TO @ $54.4616USD for a total cost of $74.02 CAD (TFSA)

1 unit of KMP.UN @ $15.42 for a total cost of $15.42 (TFSA)

1.051882 shares of BNS @ $66.1386 for a total cost of $69.57 (Transfer Agent)

4 shares of AQN @ $10.3494USD for a total cost of $56.94 CAD (TFSA)

Boston Pizza Royalties Income Fund pays a distribution of $0.10 per unit monthly, or $1.20 per unit annually.  This drip adds $1.20 CAD to my annual dividend income.  The yield on cost for this DRIP is 7.88%.

Restaurant Brands International (QSR.TO) pays dividend of $0.54USD per share quarterly, or $2.16 USD per share annually.  This is equivalent of $2.911572 in Canadian dollars at the time of this writing.  This drip adds $2.91CAD to my annual dividend income.  The yield on cost using the Canadian dollar equivalent for this DRIP is 3.93%.

Killam Properties REIT pays a distribution of $.058333 per unit monthly, or $0.70 per unit annually. This drip adds $0.70 CAD to my annual dividend income.  The yield on cost for this drip is 4.54%.

Algonquin Power and Utilities (AQN.TO) pays dividend of $0.1808 USD per share quarterly, or $0.7232 USD per share annually.  This is equivalent of $0.9748374 in Canadian dollars at the time of this writing.  This drip adds $3.90 CAD to my annual dividend income.  The yield on cost using the Canadian dollar equivalent for this DRIP is 6.85%.

Bank of Nova Scotia pays a dividend of $1.03 CAD per share quarterly, or $4.12 per share annually.  This drip adds $4.33 CAD to my annual dividend income. The yield on cost for this drip is 6.23%.

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 October 19, A&W Royalties Income Fund (AW.UN.TO) increased their distribution from $0.155 CAD to $0.16 CAD quarterly, or from $1.86 CAD to $1.92 per share annually.  This is an increase of 3.23%.  

At the time of the press release, I own 38 units of A&W Royalties Income Fund.  This increase adds $2.28 CAD to my annual dividend income. 

On October 27, TFI International (TFII.TO) increased their dividend from $0.27 USD to $0.35 USD quarterly, or from $1.08 USD to $1.40 USD per share annually.  This is an increase of 29.6%.  

At the time of the press release, I own 50 shares of TFI International.  This increase adds $16.00 USD to my annual dividend income.  This is equivalent to $21.57 CAD at the time of this writing. 

Dividend Decreases

There were no dividend decreases announced in October 2022.  

Summary: 

As of November 5, 2022, the total value of the portfolio is $180171.04. This is a 6.01% increase over last month's total.  

The portfolio is estimated to produce an estimated $7595.35 CAD in dividend income over the next 12 months. This is an increase of $124.05 CAD , or 1.660%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

Please Note: Positions in Enerplus Corporation (ERF.TO), 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 and tolerance for risk.

Dividend Income From Some Canadian Bloggers - September 2022

 The rise of COVID19 cases continue to increase hospitalizations at hospitals.   People are still getting very sick from COVID19, but the amount of people who require ventilators is low.  

The prices of goods and services continue to increase.  This is due to governments printing money, supply chain issues, and the ongoing Russian-Ukraine war.  The supply chain issues started prior to COVID19 becoming a pandemic, but got a lot worse because of the COVID19 pandemic.  

There are predictions we will be in a recession later in 2022, while others are saying in 2023.

Let's get to the list of dividend income from some Canadian bloggers for September 2022.  Of course, I first want to mention my own dividend income report.

Passive Canadian Income received $2414.81 in passive income for the month of September 2022.  Of this total, $1143.76 was dividend income.  The number of new shares / units dripped came in at 18.

All About The Dividends received $904.95 in dividend income and added over $37.38 in forward dividend income via DRIPs.   

Reverse The Crush received $152.18 in dividend income in September 2022.  This is a 51% YoY increase.  

Our Life Financial received $2899.80 in dividend income.  Combined with her husband, they received $3451.19 in total dividend income and 51.68% increase YoY.  

Moneymaaster received $992.02 in dividend income and dripped 65 new shares/units to boost his future dividend income. 

Labour To Leisure received $561.45 in dividend income and dripped 12 new shares.

My Own Advisor and Gen Y Money shared their individual dividend income updates with the world. Although their actual amount of dividend income received in September 2022 is not mentioned, there is some great information in their respective posts.    

Fire We Go received $2279.21 in dividend income for the month of September. 

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 - September 2022

        

The month of September 2022 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. 

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

I received a total of $590.20 in dividend income for the month of September 2022. This represents a 1.78% decrease from 3 months ago and 17.56% increase year over year.

I received dividend / distribution income from 13 different companies.

I received $0.00 in option premiums within my investment accounts in September 2022.

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

In the first 9 months of 2021, I received $4311.89.  In the first 9 months of 2022, I received $5041.36 in dividends.  This is an increase of 16.92% YTD in 2022 over the same period of 2021.  

 

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 September 2022?

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 - September 2022

The month of September 2022 is now behind us.

The inflation is taking its toll on the economy.  The price of food, gasoline, and utilities remain high.  The price on carbon adds another layer to this increase.  The inflation is also due to cost of shipping as there is a huge backlog of ships at ports that are waiting to be offloaded.

On September 10, 2022, the federal conservative leadership vote took place and Pierre Poilievre won on the first ballot. 

During the month of September,  2 major hurricanes caused lots of damage in less than a week.  These hurricanes were hurricane Fiona and hurricane Ian.  Hurricane Fiona caused widespread power outages in Nova Scotia, New Brunswick, PEI and Newfoundland.  There was also damage in Atlantic Canada caused by Hurricane Fiona.  Currently, Ian has caused severe damage to Florida.  It got downgraded from hurricane status and then regained hurricane status before making landfall again in Carolina. 

Hurricane Ian has been downgraded again from hurricane status.

On the Pacific coast, a major hurricane is heading towards Mexico.

These severe weather storms affect the economy in lots of ways. One being cargo ships not able to come to port or leave a port, or major roads, bridges and highways being destroyed.  

Portfolio Activity

Margin Account Activity

On August 19th, I sold 2 Telus  Sept 09 2022 $30.50 covered calls at $0.35 for a net premium of $58.05 after commissions.  These 2 covered calls expired worthless at expiration.  

TFSA Activity

On September 15, I purchased 42 additional shares of Fortis Inc (FTS.TO). These shares were at $56.80, for a total cost of $2390.70 including commissions.

Fortis Inc. currently pays a dividend of $0.535 per share quarterly, or $2.14 per share annually. The yield on cost at the time of this purchase is 3.76%.

I currently own 89 shares of Fortis Inc.  This purchase adds $10.68 CAD to my annual dividend income. 

Shares Purchased Via DRIP

1 unit  of BPF.UN.TO @ $15.44 for a total cost of $15.44 (TFSA)

1 share of MFC.TO @ $22.81192 for a total cost of $22.81 (TFSA)

1 unit of KMP.UN @ $16.96 for a total cost of $16.96 (TFSA)

2 shares of ERF.TO @ $20.40 for a total cost of $40.80 (Margin)

6 shares of TTNM.TO @ $2.48 for a total cost of $14.88 (TFSA)

Boston Pizza Royalties Income Fund pays a distribution of $0.10 per unit monthly, or $1.20 per unit annually.  This drip adds $1.20 CAD  to my annual dividend income.  The yield on cost for this DRIP is 7.77%.

Manulife Financial Corporation pays dividend of $0.33 CAD per share quarterly, or $1.32 CAD per share annually.  This drip adds $1.32 CAD to my annual dividend income.  The yield on cost using the Canadian dollar equivalent for this DRIP is 5.79%.

Killam Properties REIT pays a distribution of $.058333 per unit monthly, or $0.70 per unit annually. This drip adds $0.70 CAD to my annual dividend income.  The yield on cost for this drip is 4.13%.

Enerplus Corporation pays a dividend of $0.05 USD per share monthly, or $0.20 USD per share annually.  This drip adds $0.40 USD to my annual dividend income.  At the time of this writing, this is equivalent to  $0.55 CAD.  The yield on cost for the drip, using the Canadian dollar equivalent, is 1.356%.

Titanium Transportation Group pays a distribution of $0.02 CAD per share quarterly, or $0.08 per share annually.  This adds $0.48 CAD to my annual dividend income. The yield on cost for this drip is 3.23%.

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

On September 22, Emera Inc. (EMA.TO) increased their  dividend  from $0.6625 CAD to $0.69 CAD quarterly, or from $2.65 CAD to $2.76 per share annually.  This is an increase of 4.15%.  

At the time of the press release, I own  123 units of Emera Inc.  This increase adds $13.53 CAD to my annual dividend income. 

On September 28, Fortis Inc. (FTS.TO) increased their  dividend  from $0.0.535 CAD to $0.565 CAD quarterly, or from $2.14 CAD to $2.26 per share annually.  This is an increase of 5.61%.  

At the time of the press release, I own 89 units of Fortis Inc.  This increase adds $10.68 CAD to my annual dividend income. 

Dividend Decreases

There were no dividend decreases announced in September 2022.  

Summary: 

As of October 2, 2022 , the total value of the portfolio is $169954.24 . This is a 4.52% decrease over last month's total.  

The portfolio is estimated to produce an estimated $7471.30 CAD in dividend income over the next 12 months. This is an increase of $172.56  CAD , or 2.36%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

Please Note: Positions in Enerplus Corporation (ERF.TO), 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 and tolerance for risk.

Net Worth Update - September 24 2022

Today is September 24, 2022. Although passive income through dividends and option premiums is my focus when it comes to investing, I decide to do a post about my current net worth.

What is net worth? Simply put, net worth is calculated by adding up all assets and subtracting the total of all liabilities. Net worth is sometimes referred to as shareholder's equity. Assets and liabilities are part of the balance sheet.

Assets

Savings

The savings section is currently into 3 segments. The 3 parts are a "high" interest savings account, savings account, and an "investment" savings account.

The TFSA savings account was with Tangerine. I was frustrated with getting such a low interest rate with Tangerine. I took the money out and placed it in non-registered high interest rate savings account with EQ Bank. Unfortunately, the account did not disappear as interest was earned in the TFSA with Tangerine for the month I transferred the balance. The balance is $0.18. With a value this low, I do not even earn interest as the balance so low.  

On September 24, 2022, the value of the savings account with EQ Bank is $1286.17.  As of the time of this writing, the interest rate for EQ Bank is currently sitting at 2.00%. 

The stock and ETF investment involves a stock and an ETF that I hold within my margin account. I keep the dividends and distributions received separate from the dividends I post in my dividend income updates.

There were a few new purchases in this account since last published update on June 25, 2022.

On July 5, I purchased 2 units of ZWC at $17.55 for a total cost of $35.11 including commissions.  The ETF currently has a monthly distribution of $0.10 per unit.  The yield on cost for this purchase is 6.84%.

On Sept 1, I purchased 6 units of ZWC at $17.48 for a total cost of $104.90 including commissions.  The monthly distribution remained unchanged.  The yield on cost for this purchase is 6.86%.

On Sept 23, I purchased 3 units of ZWC at $17.36 for a total cost of $52.09 including commissions. The monthly distribution remained unchanged at $0.10 per unit.   The yield on cost for this purchased is 6.91%.

 I own 100 units of Bank of Montreal's  Canadian High Dividend Covered Call ETF (ZWC.TO).  I received a total of $177.64 in total distributions as of September 24 2022.

I own 41 units of Transalta Renewables (ticker symbol  RNW.TO).  Transalta Renewables pays a monthly dividend of $0.07833 per share.  I received a total of $38.52 in total dividends as of September 24, 2022.

On September 24, 2022 , the current value of this "stock / ETF account" is $2274.99.  I have earned a total of $305.57 in total dividends/distributions in this account. 

Overall, the savings total is $3561.34 . 

Non-registered Accounts

The non-registered accounts consist of a margin account and 2 stocks held directly with the transfer agents. The margin account is with Questrade. The total value is $120066.16 as of September 24, 2022. This is an increase of 7.25% since the last published net worth post.


TFSA Investing Account

The TFSA investing account balance is $61629.06 as of September 24, 2022. This account is with Questrade. This is an increase of 6.67% since the last published net worth post.

Trading Account

The trading account is with Questrade. There is an active trade on in this account as of the time of this writing. As of September 24, the value of this account is $4918.64.

RRSP

I have transferred my RRSP from Tangerine to Questrade in April 2020. While at Tangerine, the RRSP was in the form of a "high" interest savings account. Now at Questrade, I decided to put the money to work.

As of September 24, 2022, I own 21 shares of CP Rail (Ticker Symbol  CP.TO) , 110 units of XAW, and 49 shares of Alimentation Couche-Tard  (ATD.B.TO).   I sold covered calls on the CP Rail position, and 100 shares were assigned recently.    

The value of this account as of September 24, 2022 is $17737.27. This is an increase of 4.31% from June 25, 2022.

Summary of Assets

Total Savings : $3561.34
Non-Registered accounts : $120066.16
TFSA Investing : $61629.06
Trading Account: $4918.64
RRSP Savings Account: $17737.27

Total Assets = $207912.47 (increase of 7.43% from 3 months ago)

Liabilities

The balance on my line of credit is $0.00. 

The owe $2157.72 CAD in my margin account.  The margin is in the Canadian dollar account within my margin account in Questrade.  The USD account in Questrade has a positive cash balance.

Summary of Liabilities

Credit Line = $0.00

Margin = $2157.72

Total Liabilities = $2157.72

Conclusion

On September 24, 2022, my net worth is $205754.75. This is an increase of $13723.00, or 7.15%, from 3 months ago.


The market continues to go up and down. During the last 3 months, we have seen the rise of inflation and the fears of a recession take hold. 

Click To Enlarge

To read the eighth net worth update, click here.  

To read the ninth net worth update, click here.

To read the tenth net worth update, click here. 

To read the eleventh net worth update, click here. 

Disclosure: - Long all 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 and tolerance for risk.