Dividend Income Update - April 2024

               

The month of April 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 $1392.03 in dividend income for the month of April 2024. This represents a 17.91% increase  from 3 months ago and 55.8% 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 April 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.  

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

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In first four months of 2023, I received $2856.28 in dividends. In first four months of 2024, I received $3725.96 in dividends. This is an increase of 30.45% 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 April 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 - April 2024

The month of April 2024 saw more and more carbon tax protests across Canada.  On April 1, the provinces with the federal back stop in place saw the carbon tax increase from $65.00 per tonne  to $80.00 per tonne. This increases the price of everything.

There are direct cost people would see on the type of heating fuel and on receipt when purchasing gasoline.  People do not see in the indirect cost due to the carbon tax.  These indirect costs are the carbon tax that the farmers, truckers, food processors, and warehouses pay in their business operations.

Families with the federal back stop in place receive a rebate called the Canadian Carbon Rebate.  Canadians are paying more in carbon tax then what the rebate they receive.  The federal government said 80% of Canadians will receive more money back from the rebate than they pay in carbon taxes. 

The federal government released their budget during the month of April.  The budget has not been passed as of this date.

The S&P500 was down 1.47% over the past month.  

The S&P TSX Composite Index was down 1.42% over the past month.

Portfolio Activity

Margin Account Activity

There was no activity in this account in April 2024.

TFSA Activity

On April 11, I added to my position in Toronto Dominion Bank (Ticker symbol  TD.TO).  I purchased 27 shares of TD.TO at $78.03 for a total cost of $2111.85.  TD Bank pays a quarterly dividend of $1.02 CAD, or $4.08 CAD annually.   The yield on cost for this purchase is 5.22%. 

This purchase adds $110.16 to my annual dividend income. 

Shares Purchased Via DRIP

0.1259148 shares of BNS.TO @ $62.6932 for a total cost of $78.94 (Transfer Agent)

2 shares of TD.TO @ $81.42964 for a total cost $162.86 (TFSA)

1 unit of KMP.UN @ $17.12544 for a total cost of $17.13 (TFSA)

1 unit of SRU.UN @ $22.40804 for a total cost of $22.41 (TFSA)

5 shares of AQN.TO @ $5.87914 USD for a total cost of $40.49 CAD (TFSA)

2 units of BPF.UN @ $15.8135 for a total cost of $31.63 (TFSA)

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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 April 2024. 

Dividend Decreases

There were no dividend decreases in April 2024. 

Summary: 

As of May 5, 2024, the total value of the portfolio is $223420.70 . This is a 0.608% decrease over last month's total.  

The portfolio is estimated to produce an estimate $11028.05 CAD in dividend income over the next 12 months. This is an increase of $140.47 CAD , or 1.290%. 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.