Dividend Update: March 2023

Thank you for reading my monthly dividend updates. A brief update from me follows below before I get into my March numbers.

Mexico

The first few months of 2023 have been busy ones for me. I spent 3 weeks in Mexico getting my vacation investment property ready to rent. It should be hitting the rental market this month in April (fingers crossed). It’s been delayed by things out of my hands. I will have a more fulsome post soon about the process of buying property in Mexico, including opening a bank account and obtaining permanent residency (lowers the tax you pay the government on rental income and any eventual capital gains on a future sale). Needless to say, my dividend purchases have been lower to start 2023 as money has been redirected to getting my Mexican property set up and the related expenses of all of that (furnishings et al.).

New Job

I started a new job at the end of March that came with a very sizeable increase in salary to my already descent salary. The new job includes a healthy bonus + equity in the company. All my stock options at my previous employer have vested so I will be exercising them this month as they are “above water”. While the potential sum of money from these stocks options is not insignificant (currently about $150,000), if the stock price appreciates as is anticipated, the upside could be quite significant. Fingers crossed.

Mo money, mo problems? One more year syndrome? All probably accurate on some level.

EconoMe

I recently attended the Econome Conference in Cleveland in March. It was a great opportunity to connect with fellow FIRE (Financial Independence Retire Early) friends (and new friends). For me, the best part of the conference was interacting and spending dedicated time just chatting with fellow attendees about personal finance and early retirement and the related challenges, both mental and otherwise. It was cathartic on that level.

My March 2023 dividend total is $5,611.95

This means that in March:

• I earned $181.03 every day from dividends.
• I earned $30.50 per hour from dividends (assuming a 9-5pm job).
• I earned $7.54 every hour of every day of the month from dividends.

• My top 3 dividend earners this month were energy related and were 37.43% of my monthly dividend total:
  1. ENBRIDGE INC ($1,079.20) – 19.23% of my monthly dividend total
  2. SUNCOR ENERGY INC ($524.68) – 10.06% of my monthly dividend total
  3. Canadian Utilities ($456.68) – 8.14% of my monthly dividend total

• My equity purchases totalled $3,036.38.

• I sold all 63 shares of BMO MSCI EMERGING MKTS INDEX ETF and reinvested the $1,194.35 proceeds.

Dividends $5,611.95

1. INTEL CORP – $12.92
2. Canadian Utilities – $456.68
3. ENBRIDGE INC – $1,079.20
4. FORTIS INC – $363.30
5. ZCS-BMO Short Corp Bond – $7.26
6. ZFL-BMO Long Federal Bond ETF – $185.63
7. JOHNSON & JOHNSON – $13.95
8. First National Financial – $124
9. PRIMARIS REAL ESTATE INVT TR – $2.53
10. Manulife Financial – $376.69
11. UNILEVER PLC – $17.53
12. SUNCOR ENERGY INC – $524.68
13. QCN-Mackenzie Canadian Equity Index ETF – $202.25
14. QUU-Mackenzie US Large Cap Equity Index ETF – $26.31
15. VTI – Vanguard Index STK MKT ETF – $377.37
16. Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF – $66.36
17. TRANSALTA RENEWABLES INC – $24.20
18. PEMBINA PIPELINE CORP – $400.64
19. XSH – IShares Core CDN Short ETF – $4.08
20. XIC-S&P/TSX Capped Composite Index ETF – $136.63
21. EQB INC – $45.15
22. BROOKFIELD CORP – $3.56
23. Brookfield Asset Management Ltd  – $17.14
24. Brookfield Infrastructure Corp – $26.29
25. BROOKFIELD RENEWABLE PARTNERS L P – $94.10
26. BROOKFIELD INFRASTRUCTURE PARTNERS – $125.72
27. GREAT-WEST LIFECO INC – $107.12
28. BMO LADDERED PREFERRED SHARE INDEX ETF – $4.95
29. RIOCAN REAL ESTATE INVESTMENT TRUST – $72.45
30. SMARTCENTRES REAL ESTATE INVESTMENT TRUST  – $120.26
31. CT REAL ESTATE INVT TR – $20.61
32. CANADIAN APARTMENT PPTYS REAL ESTATE INVT TRUST – $24.16
33. H&R REAL ESTATE INVT TR – $7.50
34. CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST – $25.16
35. MORGUARD REAL ESTATE INVT TRUST – $10.18
36. NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVTMNT TRUST – $16.53
37. ARTIS REAL ESTATE INVT TRUST – $8.10
38. CI CANADIAN REIT ETF – $6.35
39. ISHARES S&P/TSX CAPPED REIT INDEX ETF – $7.70

Dividend Pie Chart: Right to Left

Purchases $3,036.38

1. 40 shares of CM – Canadian Imperial Bank Of Commerce – $2,260.44
2. 2 shares of CNQ – Canadian Natural Resources Ltd. – $135.40
3. 1 share of ISHARES CORE MSCI ALL CTRY WORLD EX CDA INDEX ETF – $32.51
4. 3 shares of BCE – BCE Inc – $179.40
5. 1 share of TD – Toronto Dominion Bank – $78.86
6. 2 shares of TRP – TC Energy Corporation – $104.32
7. 0.687 shares of RY – Royal Bank of Canada – $90.18
8. 1 shares of ISHARES S&P/TSX CAPPED REIT INDEX ETF – $17.91
9. 2.0754 shares of BNS – Bank Of Nova Scotia – $137.36

Dividend Update: March 2022