Dividend Update – February 2022

standing woman facing a speeding train

This month my portfolio earned $565.82 in dividends.

I took a closer look at some of the income-focused ETFs I wanted and decided to sell my HHL, EIT, and HTA units. Funds from these units will be going into CP.TO for now. My personal situation has changed slightly, allowing me to go back to focusing on accumulating dividend growth positions for my portfolio.

I have a small position in CNR currently, consisting of about 127 shares. My reasons for wanting to add CP to my portfolio is that I believe the valuation is more reasonable at this point in time (though still fairly stretched). Additionally, if the KSU merger is approved, I believe it will be long-term accretive with tailwinds coming from onshoring production back in North America.

DRIP – Monthly Dividend Stocks

# of SharesTickerForward Annual Income Added
1HR.UN$0.52
2PLZ.UN$0.56
1KEY$1.92
1NWH.UN$0.80
Total forward annual income added from monthly stocks: $3.8

DRIP – Quarterly Dividend Stocks

# of SharesTickerForward Annual Income Added
1TRP$3.48
1TD$3.56
1RY$4.8
Total forward annual income added from quarterly stocks: $11.84

Purchases

# of SharesTickerForward Annual Income Added
2INTC$2.8
14CP$10.64
Total forward annual income added from purchases: $13.44

Total Forward Annual Income Added (all sources): +$29.08

Note: There will be some slight variance due to differing exchange rates from the time different reports are written.