The month of May 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 $337.49 in dividend income for the month of May 2022. This represents a 0.76% increase from 3 months ago and 12.10% increase year over year.
The slight increase from 3 months ago was due to Cominar REIT was taken over March 4. This was offset by more distributions from Killam Properties REIT has more units were purchased.
I received $34.05 in option premiums within my investment accounts in May 2022.
Below is a visual of my dividend totals for the last 5 years.
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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In the same time period in 2021, I received $2362.39 In the first 5 months of 2022, I received $2702.16 in dividends. This is an increase of 14.38% 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 May 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.
great stuff man, love that yr over year increase!
ReplyDeletePassivecanadian,
DeleteThanks for dropping by. The dividend increases from the banks helped a lot with the YOY increase. The increase in my Killam Properties REIT helped with the increase as well.