Net Worth Update - September 24 2023

  Today is September 24, 2023. 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, 2023, the value of the savings account with EQ Bank is $5778.57. 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.

I own 100 units of Bank of Montreal's  Canadian High Dividend Covered Call ETF (ZWC.TO).  I received a total of $294.64 in total distributions as of September 24, 2023.

I own 83 units of Transalta Renewables (ticker symbol  RNW.TO).  Transalta Renewables pays a monthly dividend of $0.07833 per share.  I received a total of $80.41 in total dividends as of September 24, 2023.

On September 24, 2023 , the current value of this "stock / ETF account" is $3092.76 .  I have earned a total of $464.46 in total dividends/distributions in this account. 

Overall, the savings total is $8871.51 . 

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 $122648.72 as of September 24, 2023. This is an increase of 5.73% since the last published net worth post.


TFSA Investing Account

The TFSA investing account balance is $83046.01 as of September 24, 2023. This account is with Questrade. This is an increase of 9.93% 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 $5269.36 .

RRSP

As of September 24, 2023, I own 21 shares of CP Rail (Ticker Symbol  CP.TO) , 119 units of XAW, 49 shares of Alimentation Couche-Tard  (ATD.B.TO), and 73 shares of Canadian National Railway (CNR.TO).  

The value of this account as of September 24, 2023 is $20630.16 . This is an decrease of 0.325% from June 25, 2023.

Summary of Assets

Total Savings : $8871.51
Non-Registered accounts : $122648.72
TFSA Investing : $83046.01
Trading Account: $5269.36
RRSP Savings Account: $20630.16

Total Assets = $240465.76   (increase of 7.18% from 3 months ago)

Liabilities

The balance on my line of credit is $0.00. 

I owe $0.00 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 = $0.00

Total Liabilities = $0.00

Conclusion

On September 24, 2023, my net worth is $240465.76 . This is an increase of $16106.43, or 7.18%, 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 continue to take hold. 

Click To Enlarge

To read the twelfth net worth update, click here.  

To read the thirteenth net worth update, click here. 

To read the fourteenth net worth update, click here.  

To read the fifteenth 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 - August 2023

       

The month of August 2023 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 $362.79 in dividend income for the month of August 2023. This represents a 4.39% increase from 3 months ago and 2.93% 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 August 2023.

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.  As more investments and DRIPs are made inside TFSA, the percentage of dividend income for the TFSA is increasing.  

Click To Enlarge

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

Click To Enlarge

In the first eight months of 2022, I received $4451.16 in dividends. In the first eight months of 2023, I received $5180.66 in dividends. This is an increase of 16.39% YTD in 2023 over the same period of 2023.

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 August 2023?

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 - August 2023

 The month of August has brought Covid back into the news.  With a new subvariant of the Covid, people are pushing for return of mask mandates and possible lockdowns.  If we have lockdowns in the coming fall and winter, it will destroy the lives of people already struggling financially with high inflation.  The amount of homelessness will also increase. 

In other news,  wild fires continues across the country.  The wild fires caused widespread damage in all provinces, with Northwest Territories and British Columbia hardest hit recently.

The strike by workers across the Metro grocery stores is over.  This was a month long strike the caused their customers to travel farther distances to get their groceries.  This has made other grocery store chains to increase their prices.   

Coming up this week, the Bank of Canada will announce whether the interest rate will increase, decrease of stay the same time. So far, two Canadian premiers have asked the Bank of Canada governor to halt interest rates.  Premiers of BC and Ontario say increasing  the interest rate will had pressure to people already struggling with mortgage and other debt payments and will lead to more homelessness.

The S&P500 was down 0.06% over the past month.   

The S&P TSX Composite Index was up 1.68% over the past month. 

Portfolio Activity

Margin Account Activity

There has been no activity in this account since the last update.

TFSA Activity

There was no activity in this account since the last update. 

Shares Purchased Via DRIP

1 unit of BPF.UN.TO @ $16.26745 for a total cost of $16.27 (TFSA)

1 unit of KMP.UN @ $18.20057 for a total cost of $18.20 (TFSA)

1 share of EMA.TO @ $50.34656  for a total cost of $50.35 (TFSA)

1 share of FTS.TO @ $53.33571 for a total cost of $53.34 (TFSA)

Boston Pizza Royalties Income Fund (BPF.UN.TO) pays a distribution of $0.107 CAD per unit monthly, or $1.284 CAD per unit annually.   This drip adds $1.28 CAD to my annual dividend income.  The yield on cost for this DRIP is 7.89%.

Killam Properties REIT pays a distribution of $.058333 CAD per unit monthly, or $0.70 CAD per unit annually. This drip adds $0.70 CAD to my annual dividend income.  The yield on cost for this drip is 3.85%.

Emera Inc (EMA.TO)  pays a dividend of $0.69 CAD 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 for this DRIP is 5.48%.

Fortis Inc (FTS.TO)  pays a dividend of $0.565 CAD per share quarterly, or $2.26 CAD per share annually.  This drip adds $2.26 CAD to my annual dividend income.  The yield on cost for this DRIP is 4.24%.

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 August 9, Enerplus Corporation increased their dividend from $0.055 USD to $0.06USD quarterly, or from $0.22USD from $0.24USD annually.  This is an increase of 9.09% .

I currently own 770 shares of Enerplus.  This increase adds $15.40 USD to my annual dividend income.

At the time of this writing,  this is equivalent to $20.94 CAD.  

Dividend Decreases

There were no dividend decreases in August 2023. 

Summary: 

As of September 4, 2023, the total value of the portfolio is $201311.83 . This is a 2.11% decrease over last month's total.  

The portfolio is estimated to produce an estimated $8788.21CAD in dividend income over the next 12 months. This is an increase of $47.51 CAD , or 0.544%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

Googlesheets is still not operating properly.  So, I had to manually enter the market value for the REITS, BEP.UN, BPF.UN, and AW.UN. 

 

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 Update - July 2023

      

The month of July 2023 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 $945.28 in dividend income for the month of July 2023. This represents a 5.83% increase from 3 months ago and 18.95% increase year over year.

The decrease in from 3 months ago is the reduction was due to Shaw Communications was officially acquired by Rogers Communications.  Therefore, there is no more Shaw Communications dividends.

I received dividend / distribution income from 14 different companies.

I received $0.00 in option premiums within my investment accounts in July 2023.

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.  As more investments and DRIPs are made inside TFSA, the percentage of dividend income for the TFSA is increasing.  

Click To Enlarge

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

Click To Enlarge

In the first seven months of 2022, I received $4098.71 in dividends. In the first seven months of 2023, I received $4817.87 in dividends. This is an increase of 17.55% YTD in 2023 over the same period of 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 July 2023?

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 - July 2023

The strike by workers at British Columbia ports was a major news event during July.  The strike started on Canada Day and lasted almost 2 full weeks.  A tentative agreement was reached and the workers had to still vote on the agreement.

So activity started back at the ports and within a few days, the workers voted against the offer on the table.  The workers went back on strike, but the federal government stepped in and declared the strike illegal.  The strike was declared illegal this time as the workers did not give 72 hour strike notice.

On August 4, the workers voted approximately 75% in favor of the new contract.

This major labor distribution affected the entire country. 

In other news,  wild fires continues across the country. 

Nova Scotia had to deal with wild fires a few months ago and then a massive flood about 2 weeks ago.  If that was not enough, parts of the same area previously flooded were flooded again in the last couple of days.  The Port of Halifax is the closest east coast port to Europe. 

The S&P500 was up 1.08% over the past month.   

The S&P TSX Composite Index was up 2.04% over the past month. 

Portfolio Activity

Margin Account Activity

On August 2, I added to my position in Bell Canada Enterprises (BCE.TO).  I purchased 150 shares of Bell at $56.30 per share, for a total cost of $8450.12 including commissions.  

Bell Canada currently pays a dividend of $0.9675 per share quarterly, or $3.87 per share annually.  The yield on cost for this purchase is 6.87%.

This purchase adds $580.50 to my annual dividend income.

TFSA Activity

On July 18, I purchased 125 shares  of Telus Corporation (Ticker Symbol  T.TO) at $23.60 per share for a total cost of $2954.95 including commissions. 

Telus currently pays a dividend of $0.3636 CAD monthly, or $1.4544 CAD per unit annually.  Therefore, the yield on cost for this purchase is 6.15%.

This purchase adds $181.80 to my annual dividend income. 

Shares Purchased Via DRIP

1 unit of BPF.UN.TO @ $16.70612 for a total cost of $16.71 (TFSA)

1 unit of KMP.UN @ $17.82099 for a total cost of $17.82 (TFSA)

3 share of AQN.TO @ $8.1187USD for a total cost of $31.94 CAD (TFSA)

1 share of T.TO @ $25.8518  for a total cost of $25.85 (TFSA)

1 share of TD.TO @ $86.80833 for a total cost of $86.81 (TFSA)

1.147694 shares of BNS.TO @ $65.27 CAD for a total cost of $74.91 (Transer Agent)

Boston Pizza Royalties Income Fund (BPF.UN.TO) pays a distribution of $0.107 CAD per unit monthly, or $1.284 CAD per unit annually.   This drip adds $1.28 CAD to my annual dividend income.  The yield on cost for this DRIP is 7.68%.

Killam Properties REIT pays a distribution of $.058333 CAD per unit monthly, or $0.70 CAD per unit annually. This drip adds $0.70 CAD to my annual dividend income.  The yield on cost for this drip is 3.93%.

Algonquin (AQN.TO)  pays a dividend of $0.1085 USD per share quarterly, or $0.434 USD  per share annually.  This drip adds $1.30 USD to my annual dividend income.  This is equivalent to $1.74 CAD. The yield on cost using the Canadian dollar equivalent, for this DRIP is 5.45%.

Telus Corporation (T.TO)  pays a dividend of $0.3636 CAD per share quarterly, or $1.4544 CAD per share annually.  This drip adds $1.45 CAD to my annual dividend income.  The yield on cost for this DRIP is 5.63%.

TD Bank (TD.TO)  pays a dividend of $0.96 CAD per share quarterly, or $3.84 CAD per share annually.  This drip adds $3.84 CAD to my annual dividend income.  The yield on cost for this DRIP is 4.42%.

BNS (BNS.TO)  pays a dividend of $1.06 CAD per share quarterly, or $4.24 CAD per share annually.  This drip adds $4.87 CAD to my annual dividend income.  The yield on cost for this DRIP is 6.50%.

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

There were no dividend increases in July 2023.

Dividend Decreases

There were no dividend decreases in July 2023. 

Summary: 

As of August 6, 2023, the total value of the portfolio is $205655.67. This is a 5.01% increase over last month's total.  

The portfolio is estimated to produce an estimated $8740.70 in dividend income over the next 12 months. This is an increase of $784.83 CAD , or 9.86%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

Googlesheets is still not operating properly.  So, I had to manually enter the market value for the REITS, BEP.UN, BPF.UN, and AW.UN. 

 

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 - June 2023

During the month of June, the union workers at British Columbia ports voted to strike on Canada Day, if an agreement was not reached.  The Ports of Vancouver is Canada's largest and busiest port and the Port of Prince Rupert is the third largest in Canada. 

The Port of Vancouver is served by both CP Rail and CN Rail, and only CN Rail serves the Port of Prince Rupert.

Canada Day came without an agreement, and the union workers went on strike bringing activity to a halt at all ports in British Columbia.

This strike affected the entire country.

Let's get to the list of dividend income from some Canadian bloggers for June 2023. Of course, I first want to mention my own dividend income report.

Reverse The Crush received $144.11 in dividend income in June 2023.  This is a 4% YoY increase.  

Passive Canadian Income received $2532.70 in passive income from various sources.  The amount of dividend income came in at $1172.37, and dripped 17 additional 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 June 2023 is not mentioned, there is some great information in their respective posts.    

Fire We Go  received $4332.66 in dividend income for the month of June 2023. 

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 2023

     

The month of June 2023 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 $668.79 in dividend income for the month of June 2023. This represents a 2.77% decrease from 3 months ago and 11.30% increase year over year.

The decrease in from 3 months ago is the reduction was due to Shaw Communications was officially acquired by Rogers Communications.  Therefore, there is no more Shaw Communications dividends.

I received dividend / distribution income from 12 different companies.

I received $0.00 in option premiums within my investment accounts in June 2023.

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.  As more investments and DRIPs are made inside TFSA, the percentage of dividend income for the TFSA is increasing.  

Click To Enlarge

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

Click To Enlarge

In the first six months of 2022, I received $3304.05 in dividends. In the first six months of 2023, I received $3872.59 in dividends. This is an increase of 17.21% YTD in 2023 over the same period of 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 June 2023?

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 2023

The month of June 2023 is now behind us.

The prices of groceries continue to rise.  Lots of reasons for the high rate of inflation.  The governments printing money around the world to help low income citizens.  

In Canada, the government just paid out the grocery rebate to low income Canadians.  This rebate was based on the 2021 tax year.  If you received GST rebate checks starting in July 2022, then you would receive the grocery rebate. 

 

This one time government rebate cost the government 11 million dollars.   

The government basically it would be double the GST rebate for January 2023. January is the 3rd quarterly payment for the 2021 tax year.

In Alberta, the United Conservative Party (UCP)promised suspend the provincial fuel tax of $0.13 per liter , if re-elected.  The UCP honored that promise.

At the time of this writing, the workers at British Columbia ports are on strike since Canada Day.  British Columbia has 2 of the 3 major ports in Canada, which are Port of Vancouver and Port of Prince Rupert.   CN Rail serves both ports and Canadian Pacific Kansas City serves Port of Vancouver.

Portfolio Activity

Margin Account Activity

There has been no activity in this account in June 2023

TFSA Activity

On June 15, I purchased 100 units of Riocan REIT (Ticker Symbol  REI.UN) at $19.60 per unit for a total cost of $1964.95 including commissions. This is my first ever buy of Riocan REIT.

Riocan REIT currently pays a dividend of $0.09 CAD monthly, or $1.08 CAD per unit annually.  Therefore, the yield on cost for this purchase is 5.50%.

This purchase adds $108.00 to my annual dividend income. 

Shares Purchased Via DRIP

1 unit of BPF.UN.TO @ $16.50692 for a total cost of $16.51 (TFSA)

1 unit of KMP.UN @ $17.72099 for a total cost of $17.72 (TFSA)

2 share of ERF.TO @ $18.96194 for a total cost of $37.92 (Margin)

6 share of TTNM.TO @ $2.40 for a total cost of $14.40 (TFSA)

1 share of MFC.TO @ $24.96856 for a total cost of $24.97 (TFSA)

1 unit of BEP.UN @ $29.41625 USD for a total cost of $38.99 (TFSA)

Boston Pizza Royalties Income Fund (BPF.UN.TO) pays a distribution of $0.107 per unit monthly, or $1.284 per unit annually.   This drip adds $1.28 CAD to my annual dividend income.  The yield on cost for this DRIP is 7.78%.

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 3.95%.

Enerplus (ERF.TO)  pays a dividend of $0.055 USD per share quarterly, or $0.22 USD  per share annually.  This drip adds $0.44 USD to my annual dividend income.  This is equivalent to $0.58 CAD. The yield on cost using the Canadian dollar equivalent, for this DRIP is 1.529%.

Titanium Transportation Group  (TTNM.TO)  pays a dividend of $0.02 per share quarterly, or $0.08 CAD per share annually.  This drip adds $0.48 CAD to my annual dividend income.  The yield on cost for this DRIP is 3.33%.

Manulife Financial Corporation (MFC.TO)  pays a dividend of $0.365 CAD per share quarterly, or $1.46 CAD per share annually.  This drip adds $1.46 CAD to my annual dividend income.  The yield on cost for this DRIP is 5.85%.

Brookfield Renewable Partners LP (BEP.UN) pays a dividend of $0.3375USD per share quarterly, or $1.35 USD per share annually.  This drip adds $1.35USD to my annual dividend income.  At the time of this writing, this is equivalent to $1.79 in Canadian Dollars.  The yield on cost, using the Canadian dollar equivalent, is  4.60%.

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

There were no dividend increases in June 2023.

Dividend Decreases

There were no dividend decreases in June  2023. 

Summary: 

As of July 9, 2023, the total value of the portfolio is $195843.90. This is a 0.749% increase over last month's total.  

The portfolio is estimated to produce an estimated $7955.87 in dividend income over the next 12 months. This is an increase of $83.47 CAD , or 1.060%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

This monthly increase seems off by a lot.  Apparently, I had ERF annual dividend rate of $0.24USD instead of the actual dividend rate of $0.22 USD.  With owning 768 shares, the difference is $20.42 in dividends using the exchange rate at the time of this writing.  

Googlesheets is still not operating properly.  So, I had to manually enter the market value for the REITS, BEP.UN, BPF.UN, AW.UN and Fortis. 

 

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 - June 25 2023

 Today is June 25, 2023. 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 June 25, 2023, the value of the savings account with EQ Bank is $4089.82.  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.

On June 6, I purchased 42 additional shares of Transalta Renewables at $11.70 for a total cost of $496.50 including commissions.

I own 100 units of Bank of Montreal's  Canadian High Dividend Covered Call ETF (ZWC.TO).  I received a total of $261.64 in total distributions as of June 25, 2023.

I own 83 units of Transalta Renewables (ticker symbol  RNW.TO).  Transalta Renewables pays a monthly dividend of $0.07833 per share.  I received a total of $64.20 in total dividends as of June 25, 2023.

On June 25, 2023 , the current value of this "stock / ETF account" is $2895.34.  I have earned a total of $415.25 in total dividends/distributions in this account. 

Overall, the savings total is $6985.34 . 

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 $116005.87 as of June 25, 2023. This is an increase of 2.27% since the last published net worth post.


TFSA Investing Account

The TFSA investing account balance is $75547.39 as of June 25, 2023. This account is with Questrade. This is an increase of 6.79% 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 June 25, the value of this account is $5123.59.

RRSP

As of June 25, 2023, I own 21 shares of CP Rail (Ticker Symbol  CP.TO) , 119 units of XAW, 49 shares of Alimentation Couche-Tard  (ATD.B.TO), and 73 shares of Canadian National Railway (CNR.TO).  The 73 shares of Canadian National were purchased during the last 3 months.

The value of this account as of June 25, 2023 is $20697.34. This is an increase of 1.236% from March 25, 2023.

Summary of Assets

Total Savings : $6985.34
Non-Registered accounts : $116005.87
TFSA Investing : $75547.39
Trading Account: $5123.59
RRSP Savings Account: $20697.34

Total Assets = $224359.53   (increase of 4.32% from 3 months ago)

Liabilities

The balance on my line of credit is $0.00. 

I owe $0.00 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 = $0.00

Total Liabilities = $0.00

Conclusion

On June 25, 2023, my net worth is $224359.33 . This is an increase of $9494.20, or 4.42%, 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 continue to take hold. 

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To read the eleventh net worth update, click here. 

To read the twelfth net worth update, click here.  

To read the thirteenth net worth update, click here. 

To read the fourteenth 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 - May 2023

    

The month of May 2023 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 $347.52 in dividend income for the month of May 2023. This represents a 4.71% decrease from 3 months ago and 2.67% increase year over year.

The decrease in from 3 months ago is the reduction was due to Shaw Communications was officially acquired by Rogers Communications.  Therefore, there is no more Shaw Communications dividends.

I received dividend / distribution income from 7 different companies.

I received $0.00 in option premiums within my investment accounts in May 2023.

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 first five months of 2022, I received $2703.16 in dividends. In the first five months of 2023, I received $3203.80 in dividends. This is an increase of 18.52% YTD in 2023 over the same period of 2022.

The graph below shows my total dividend income, as per the blog, since 2012. 

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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 2023?

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.