Hello everyone and thank you for stopping by to read my March dividend income post. I’ve been a little absent from the blog lately, this was due to wanting to take a little break and also working a different shift at work. I’m currently working days due to my school and now every school in the province of Ontario being closed due to COVID. My school was closed a week earlier then the other schools due to a COVID outbreak which started with a couple of people and now stands in the mid 30s. So far I haven’t had any symptoms and feel good.
Ok so let’s talk dividends now, March to me was a good month, I have my portfolio where I want it and the numbers came out lower than previous years due to all the changes I made in January. My income was $576.34 for the month down -28.7% from last March. I had 15 stocks and an ETF pay dividends and here is the income per account:
- RRSP $305.35
- TFSA $169.12
- LIRA $101.87
Ten US stocks paid this month, so here is the currency in which I received the dividends in. To keep things simple I report the US currency as Canadian, that way I don’t have to convert it.
- USD $305.35
- CDN $270.99
Registered Retirement Savings Plan (RRSP)
|Pinnacle West Capital||$41.50|
|Johnson & Johnson||$15.20||$40.40|
|Walgreen’s Boots Alliance||$9.15||$21.04|
|Bank of America||$12.96||$18.00|
|Realty Income Corp||$10.93|
With three big names leaving the account took a big hit. My account now only holds US paying stocks (except Algonquin Power & Utilities which is Canadian but pays in USD). My plan is too over time add to all of these positions.
Tax Free Savings Account (TFSA)
|iShares S&P/TSX Capped Reit Index ETF||$33.73|
|Brookfield Renewable Partners Corporation||$15.30||$26.97|
|Canadian National Railway||$12.07||$18.45|
|The Keg Royalties Income Fund||$29.04||$10.75|
|BMO International Dividend ETF||$39.24|
|European Reisdential REIT||$7.28|
|Canadian Apartment REIT||$9.55|
My TFSA account as you can see took a hit with Canadian Utilities, Inter Pipeline and other profile stocks leaving the portfolio. Like I mentioned above I plan on investing more in each of my current stocks in this account, I still have contribution room left for this year and plan on filling it throughout the year.
Locked In Retirement Account (LIRA)
|Diversified Royalty Corp||$4.46|
This is the first time this year that I’ve been able to include this account in my updates as I still only have Enbridge in the account. I saw a nice increase with this payment due to the dividend increase announced in December.
Dividend Re-Investment Plan (DRIP)
I still have the DRIP set up for my LIRA account and this month I was able to drip two new shares of Enbridge which will add $6.68 in forward dividend income.
2021 Dividend Goal
As you can see I’m just under the $2,000 mark. I’ve hit 22.4% of my goal.
- XAW ETF 19 shares
- Fortis 8 shares
- Alimentation Couche-Tard 6 shares
- BCE 5 shares
Had one dividend raise this month and it came from General Dynamics which boosted it 8.2%
Hope everyone had a great month.
Thanks for reading!