Dividend Update – March 2022

green pine tree leaves

This month my portfolio earned $822.15 in dividends.

March was a fairly large month for my dividends. The notable core holdings such as RY, ENB and FTS were able to DRIP. No purchases were made this month as I’m primarily focused on debt reduction and am steering retained dividends to help pay down debt. This will likely be the case for the rest of the year.

This also means I’m not contributing to my TFSA this year. According to my forecast, I should have all the debt consolidated into my HELOC and LOC around February next year, which works out fairly decently. Once I have all the debt consolidated into the HELOC and LOC, I will likely then begin contributions once again to my TFSA.

Moving forward with my dividend income reports, I will no longer be converting USD to CAD, to help cut down on fluctuations and develop a real idea of what my monthly income is like. Of course, this means I’ll largely be underreporting my dividend income, but that shouldn’t be a major issue.

DRIP – Monthly Dividend Stocks

# of SharesTickerForward Annual Income Added
1HR.UN$0.52
2PLZ.UN$0.56
1KEY$1.92
1NWH.UN$0.80
1EIF$2.28
Total forward annual income added from monthly stocks: $8.60

DRIP – Quarterly Dividend Stocks

# of SharesTickerForward Annual Income Added
2ENB$6.88
1RY$4.8
1FTS$2.02
1MFC$1.32
1SU$1.68
Total forward annual income added from quarterly stocks: $16.70

Purchases

# of SharesTickerForward Annual Income Added
0N/A$0 πŸ™
Total forward annual income added from purchases: $0

Total Forward Annual Income Added (all sources): +$25.30

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