Dividend Income From Some Canadian Bloggers - March 2022

During the last month or so, the talk of a sixth wave of COVID19 is starting to alarm some people.  Some parts of the world are taking serious action to limit the spread during this wave. 

In Canada,  some provinces have warned people to take precautions such as limiting size of indoor gatherings.  Will we see provincial governments bring back restrictions in the coming weeks?  Only time will tell. 

The price of gas at the pumps remain high in Canada as the Russia invasion of Ukraine continues to go on.  This has lead to more inflation as businesses have to pass on the increase costs onto their customers.   

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

All About The Dividends received $839.94 in dividend income and added over $30.05 in forward dividend income via DRIPs.  Their is also mention of the purchases that were made during March 2022.  

Reverse The Crush received $125.85 in dividend income in March 2022.  This is a 44% YoY increase.  

Our Life Financial received $3113.53 in total dividend income and 69.47% increase YoY.  Also in the post, Our Life Financial mentions her new purchases during the month of March 2022.      

Moneymaaster received $922.13 in dividend income and dripped 41 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 March 2022 is not mentioned, there is some great information in their respective posts.    

Fire We Go received $2191.13 in dividend income for the month of March 2022. 

Labour To Leisure received $491.64 in dividend income for the month of March 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.

Dividend Income Update - March 2022

   

The month of March 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!

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

I received a total of $532.03 in dividend income for the month of March 2022. This represents a 4.10% increase from 3 months ago and 15.03% 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 March 2022.

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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The percentage of dividend income from Enbridge has decreased due to dividend raises and Cominar REIT paying its last distribution. Cominar REIT did not pay a distribution in December 2022 as it in the process of an all cash buyout.  The deal was not yet finalized, so Cominar decided to pay distribution for January and February, in mid-February and mid-March respectively.  The Cominar buy-out finalized on March 4 and the cash was received in my 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 March 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 - March 2022

 The month of March 2022 is now behind us.

The Russian invasion of Ukraine is still the major topic in the news.  The sanctions against Russia by other countries and the boycotting of oil from Russia has caused the price of oil and gas to increase dramatically.

Lots of jurisdictions have relaxed their covid health measures such as removing restrictions and removing mandatory masks.  There is some still people who are nervous and continue to wear masks.  Doctors are starting to worry about cases rising once again and wastewater testing also indicate the presence of the virus to growing.  When will life ever get back to any sense of normal? 

On April 1, the carbon tax went up $10.00 per ton in 4 Canadian provinces.  The 4 Canadian provinces are Alberta, Saskatchewan, Ontario and New Brunswick.  These provinces have the federal carbon tax put in place by the liberal government in Ottawa.  This will cause prices of everything to rise again.   We now pay $50 per ton for the carbon tax.        

Portfolio Activity

Margin Account Activity

On March 14, I averaged down on my position in NFI Group by purchased 100 shares at $14.25 for a total cost of $1429.95 including commissions.  A few days before this purchase, the company announced a dividend decrease from $0.2125 to $0.0531 CAD quarterly. 

At the time of purchase, NFI Group pays a dividend of $0.0531 CAD quarterly, or $0.2124 per share annually.  The yield on cost for this purchase is 1.49%.  

This purchase adds $21.24 CAD to my annual dividend income.

TFSA Activity

On March 15, I initiated a position in Manulife Corporation after a recent price decrease.  I purchased 125 shares at $24.50 for a total cost of $3067.54 including commissions.

At the time of purchase, Manulife Corporation pays a dividend of $0.33 CAD quarterly, or $1.32 CAD per share annually.  The yield on cost for this purchase is 5.38%.

This purchase adds $165.00 CAD to my annual dividend income. 

Shares Purchased Via DRIP

1 unit  of BPF.UN.TO @ $17.43123 for a total cost of $17.43 (TFSA)

2 shares of ERF.TO @ $15.18 for a total cost of $30.36 (Margin)

Boston Pizza Royalties Income Fund pays a distribution of $0.085 per unit monthly, or $1.02 per unit annually.  This drip adds $1.02 CAD  to my annual dividend income.  The yield on cost for this DRIP is 5.85%.

Enerplus Corporation pays a quarter dividend of $0.033 USD per share, or $0.132 USD per share annually.  This drip adds $0.264 USD to my annual dividend income.  This is equivalent to $0.33 in Canadian dollars. The yield on cost for this drip is 1.089% in terms of the equivalent dollar amount.   

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 announced in March 2022. 

Dividend Decreases

On March 10, NFI Group decreased their dividend from $0.2125 to $0.0531 CAD per share quarterly, or from $0.85 to $0.2124 CAD per share annually.  This represents a decrease of 75%.  

I owned 100 shares at the time of this decrease.  Therefore my annual dividend income was decreased by $63.76 CAD. 

Summary: 

As of April 2, 2022 , the total value of the portfolio is $185946.00 . This is a 1.952% increase over last month's total. 

The portfolio is estimated to produce an estimated $6566.34 CAD dividend income over the next 12 months. This is an increase of $110.75  CAD , or 1.716%. 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. 

Note: Dividend increases or decreases announced in December 2021 will be mentioned in next portfolio update.  The spreadsheet will be updated to reflect any corresponding increases or decreases at that 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.