This month my portfolio earned $795.78 in dividends.
In May, we’re starting to see the effects of dividend raises come into effect. Many of my monthly dividend stocks were able to drip, but not all of them, unfortunately. Additionally, two of my core bank holdings were able to DRIP as well, TD and RY. I’ll be looking to build on these positions in the future, opportunity allowing.
This month I experimented with holding my retained dividends in my TFSA. I’m not quite sure what I’ll do with them yet, but I have options to reinvest it or deploy it to paying down debt. For now, I’ll hold and evaluate and let the dollar amount build up, but I’m leaning more towards deploying them into my satellite holdings to restart some DRIPs.
Some fun facts: This marks the 3rd full year I’ve been investing (started in May 2019). Since then, dividend raises have added about $1318.10 in forward annual income. This year alone, dividend raises added $537.61 in forward dividend income. The snowball is growing faster than I expected!
DRIP – Monthly Dividend Stocks
| # of Shares | Ticker | Forward Annual Income Added |
| 1 | HR.UN | $0.55 |
| 2 | PLZ.UN | $0.56 |
| 1 | KEY | $1.92 |
| 1 | SRU.UN | $1.85 |
| 1 | NWH.UN | $0.80 |
| 1 | EIF | $2.28 |
DRIP – Quarterly Dividend Stocks
| # of Shares | Ticker | Forward Annual Income Added |
| 1 | TD | $3.56 |
| 1 | RY | $1.28 |
| 1 | BMO | $5.56 |
Purchases
| # of Shares | Ticker | Forward Annual Income Added |
| 0 | N/A | $0 🙁 |
Total Forward Annual Income Added (all sources): +$18.36
