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.

Net Worth Update - March 2024

Today is March 24, 2024. 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 December 24, 2023, the value of the savings account with EQ Bank is $8964.08 . As of the time of this writing, the interest rate for EQ Bank is currently sitting at 2.50%.  The interest rate is the same as 3 months ago. 

The stock and ETF investment involves one stock and cash  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.

Currently, do not own any ETFs in this account since the last update.

I own 55 shares of TransAlta (TA.TO) and cash.

On March 24, 2024 , the current value of this "stock / ETF /cash account" is $2694.33 .  I have earned a total of $505.99 in total dividends/distributions in this account. 

Overall, the savings total is $11658.59 . 

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 $128040.55 as of March 24, 2024. This is an increase of 6.14% since the last published net worth post.

TFSA Investing Account

The TFSA investing account balance is $100289.06 as of March 24, 2024. This account is with Questrade. This is an increase of 10.70% since the last published net worth post.

Trading Account

The trading account is with Questrade. There is an active trade on this account.  I also have sold a covered call on this position, which is still active. As of March 24, the value of this account is $5555.68 .

RRSP

As of March 24, 2024, I own 21 shares of CP Rail (Ticker Symbol  CP.TO) , 144 units of XAW, 200 shares of Emera Inc (EMA.TO) and 49 shares of Alimentation Couche-Tard  (ATD.B.TO)  

On November 22, 2023, I sold 1 19Jan2024 $100 CP.TO call at $1.58 for a total net premium of $147.05 including commissions.  This option was assigned.  

On January 17, I purchased 25 units of XAW.TO at $35.92 for a total cost of $898.09 including commissions.  Questrade does not charge commissions when buying ETFs, but ECNs fees are charged

On January 24, I purchased 200 shares of EMA.TO at $48.60 for a total cost of $9724.95 including commissions.

On March 4, I sold 2 15May2024 $50.00 calls at $0.40 for a net premium of $68.05 after commissions.

The value of this account as of March 24, 2024 is $24019.77 . This is an increase of 7.99% from December 24, 2023.

Summary of Assets

Total Savings : $11658.59
Non-Registered accounts : $128040.55

TFSA Investing : $100289.06
Trading Account: $5555.68
RRSP Savings Account: $24019.77

Total Assets = $269563.65  (increase of 8.18% from 3 months ago)

Liabilities

The balance on my line of credit is $0.00. 

I owe $6135.30 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 = $6135.30

Total Liabilities = $6135.30

Conclusion

On March 24, 2024, my net worth is $263428.35. This is an increase of $14253.57, or 5.72%, 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 fourteenth net worth update, click here.  

To read the fifteenth net worth update, click here. 

To read the sixteenth net worth update, click here. 

To read the seventeenth 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.