Dividend Income Update - March 2024

              

The month of March 2024 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. 

At the start of January 2024, I will now aim to allocate 27% to investing and 10% to savings. 

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

I received a total of $766.54 in dividend income for the month of March 2024. This represents a 9.07% increase from 3 months ago and 11.45% 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 March 2024.

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.  As more investments and DRIPs are made inside TFSA, the percentage of dividend income for the TFSA is increasing.  This month, the pecentage of dividend income from my TFSA was greater than that of the margin account.

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Next, I will show the percentage of total income for each position. Meta Platforms percentage was 0.7%.

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In first three months of 2023, I received $1963.09 in dividends. In first three months of 2024, I received $2333.93 in dividends. This is an increase of 18.89% YTD in 2024 over the same period in 2023. 

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 March 2024?

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 2024

The month of March 2024 was a whirlwind.  A major story was a cargo ship hit the Francis Scott Key bridge in Baltimore, Maryland.  This caused the bridge to collapse. This means longer trips resulting in higher costs for trucking companies and shippers.  This will result in higher cost for consumers.  The US government said they will pay to build a new bridge. 

This incident was due to the ship having electrical problems prior to the accident.  The ship crew alerted the authorities prior to the accident.  

In Canada, a lot of protest about the carbon tax hike that occured on April 1.  A lot of premiers and politicians of all stripes were against the hike, but the federal government still went ahead with the increase. 

This increase has increased the cost of everything the involves the use of fossils fuels.

Will the major opposition to the carbon tax by Canadians, make the prime minister call an election?

The S&P500 was up 0.91% over the past month.  

The S&P TSX Composite Index was up 2.16% over the past month.

Portfolio Activity

Margin Account Activity

There was no activity in this account in March  2024.

TFSA Activity

In March 2024, Meta Platforms paid their first dividend.  The dividend was paid in US dollars, but was converted to CAD by my brokerage.  Therefore, the amount of USD cash in my TFSA remains unchanged. 

Shares Purchased Via DRIP

1 shares of FTS.TO @ $52.13389 for a total cost of $52.13 (TFSA)

2 shares of ERF.TO @ $24.7835 for a total cost $49.57 (Margin)

1 unit of KMP.UN @ $8.88449 for a total cost of $18.88 (TFSA)

1 unit of SRU.UN @ $22.60355 for a total cost of $22.60355 (TFSA)

6 shares of TTNM.TO @ $2.4235 for a total cost of $14.54 (TFSA)

1 share of MFC.TO @ $32.78093 for a total cost of $32.78 (TFSA)

2 units of BEP.UN @ $23.21236 USD for a total cost of $62.98 CAD (TFSA)

2 units of BPF.UN @ $15.75841 for a total cost of $31.52 (TFSA)

4 shares of T.TO @ $21.36157 for a total cost of $85.45 (TFSA)

1 share of QSR.TO @ $76.60 USD for a total cost $103.61 CAD (Margin)

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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 was no dividend increases in March 2024. 

Dividend Decreases

There were no dividend decreases in March 2024. 

Summary: 

As of April 6 , 2024, the total value of the portfolio is $224788.32  . This is a 1.1490% increase over last month's total.  

The portfolio is estimated to produce an estimate $10887.58 CAD in dividend income over the next 12 months. This is an increase of $45.41 CAD , or 0.419%. 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.ir financial situation and tolerance for risk.