Dividend Income Update - January 2025

                        

The month of January 2025 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 allocated 27% to investing and 10% to savings. 

Starting July 2024, I started allocating 30% to investing and 10% savings.

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

I received a total of $1562.95 in dividend income for the month of January 2025. This represents a 7.66% increase from 3 months ago and a 32.39% increase year over year.

I received dividend / distribution income from 14 different companies.

I received $0.00 in net option premiums within my investment accounts in January 2025.

Below is a visual of my dividend totals for the last 5 years.

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Most of my dividend income usually 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 the first month of 2024, I received $1180.60 in dividends. In the first month of 2025, I received $1562.95 in dividends. This is an increase of 32.39 % in 2025 over the same period in 2024. 

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 January 2025?

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 - January 2025

 The month of January 2025 as end and what a month!

Edit:  I had to remove stuff from this post.

The S&P500 was up 3.41% over the past month.  

The S&P TSX Composite Index was up 1.47% over the past month.

Portfolio Activity

Margin Account Activity

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

TFSA Activity

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

Shares Purchased Via DRIP

1share of QSR.TO @ $65.29 USD for a total cost of $94.04 CAD (Margin)

1 unit of REI.UN @ $18.35321 for a total cost of $18.35 (TFSA)

1 unit of KMP.UN @ $16.98615 for a total cost of $16.99 (TFSA)

1 unit of SRU.UN @ $24.72232 for a total cost of $24.72 CAD (TFSA)

4  shares of AQN.TO @ $4.32974USD for a total cost of $24.85CAD (TFSA)

2 units of BPF.UN @ $17.5335 for a total cost of $35.07 (TFSA)

3 shares of TD.TO @ $83.12913 for a total cost of $249.39 CAD (TFSA)

1.106024 shares of BNS.TO @ $74.917 for a total cost of $82.86 CAD (Margin)

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 January 30, Canadian National Railway (CNR.TO) increased their dividend from $0.845 CAD to $0.8875 per share quarterly, or from $3.38 CAD to $3.55 CAD per share annually.   This is an increase of 5.03%.  

I currently own 94 shares of Canadian National Railway. This increase adds $15.98 CAD to my annual dividend income.

On January 31, Brookfield Renewables LP  (BEP.UN) increased their distribution from $0.355 USD to $0.373 USD per share quarterly, or from $1.42 USD to $1.492 USD per share annually.   This is an increase of 5.07%.  

I currently own 147 units of Brookfield Renewables LP. This increase adds $10.58 USD to my annual dividend income. At the time of this writing, this is equivalent to $15.13 CAD.

On January 31, Brookfield Renewables Corporation (BEPC.TO) increased their dividend from $0.355 USD to $0.373 USD per share quarterly, or from $1.42 USD to $1.492 USD per share annually.   This is an increase of 5.07%.  

I currently own 118 shares of Brookfield Renewables Corporation. This increase adds $8.50 USD to my annual dividend income.  At the time of this writing, this is equivalent to $12.15 CAD.

Dividend Decreases

There were no dividend decreases in January 2025.  

 

Summary: 

As of February 9, 2025, the total value of the portfolio is  $252708.59 CAD . This is a 0.73% decrease over last month's total.  

The portfolio is estimated to produce an estimate $13051.86 CAD in dividend income over the next 12 months. This is an increase of of 52.98 CAD , or 0.408%. 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, and BPF.UN.

Dividend increases or decreases announced already for February 2025, will be included in the next portfolio update. 

 

Please Note: Positions in Restaurant Brands International (QSR.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.