Dividend Update – October 2021

black and white beaded necklace

This month my portfolio earned $1151.66 in dividends.

October marks a major milestone for my dividend portfolio. It’s the first month I crossed $1000 / month in dividends! Major purchases this month were ATD.B. On my current radar are ATD.B, CP, and MFC — I will likely try to find opportunities to add to these positions in November. Of particular note was Suncor restoring their dividend to 2019 levels, representing a dividend raise of 100%

DRIP – Monthly Dividend Stocks

# of SharesTickerForward Annual Income Added
1HR.UN$0.69
1SRU.UN$1.85
2PLZ.UN$0.56
1KEY$1.92
1NWH.UN$0.80
Total forward annual income added from monthly stocks: $5.82

This was a fairly large for month for more of my core holdings to DRIP. I have to admit, it’s pretty exciting seeing the dividend snowball grow. On that note, with the new year, I will start tracking dividend increases as well. Right now, I’m leaning towards having them listed at the end of the post and it’ll carry over for each month so I can get a running tally on my dividend raises.

DRIP – Quarterly Dividend Stocks

# of SharesTickerForward Annual Income Added
1IFC$3.32
1CNQ$1.88
5T$6.32
2BCE$7.00
2AQN$1.36
1BNS$3.60
1TRP$3.48
Total forward annual income added from quarterly stocks: $26.96

This month, my major purchase was ATD.B. I’m slowly starting to transition my portfolio from higher yielding stocks to stocks with greater potential for higher dividend growth. This coincides with my long-term investing strategy for the next while as I convert debt to investment loans and focus on dividend growth.

Purchases

# of SharesTickerForward Annual Income Added
145ATD.B$50.75
6AQN$4.09
Total forward annual income added from purchases: $54.84

Total Forward Annual Income Added (all sources): +$87.62

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