Although summer hasn’t officially arrived, it feels like summer is here. With the sunshine, I like to get out on my bike and ride. We all know that the 3 major cost centres for families are housing, food and transportation. I don’t own a car and instead use my bicycle as my main mode of transportation to get me in and around the city to work and leisure, but also to enjoy nearby public parks and nature.
I also celebrated another trip around the sun with a birthday recently. This meant a nice evening out with my parents for dinner at a local Italian restaurant.
I skipped the birthday cake this year and opted for one of my favourite donuts!
My dividend update for this past month follows below. Thanks for reading.
My May 2023 dividend total is $3,274.58
This means that in May:
- I earned $105.63 every day from dividends.
- I earned $18.61 per hour from dividends (assuming a 9-5pm job).
- I earned $4.40 every hour of every day of the month from dividends.
- My top 3 dividend earners this month were in the financials and were almost 60% of my monthly dividend total:
- Toronto Dominion Bank – ($1,007.04) – 30.8% of my monthly dividend total
- BANK OF MONTREAL – ($520.52) – 15.9% of my monthly dividend total
- National Bank of Canada – ($421.95) – 12.9% of my monthly dividend total
- My equity purchases totalled $32,981.91
- I sold $22,687.25 worth of overlapping/duplicative ETFs and reinvested the proceeds.
- Added 4,227.50 of new capital in the month of May
Dividends $3,274.58
Telecoms
- VERIZON COMMUNICATIONS – $44.20
Financials
- Toronto Dominion Bank – $1,007.04
- National Bank of Canada – $421.95
- First National Financial – $124.00
- Royal Bank – $322.81
- BANK OF MONTREAL – $520.52
- Power Corp – $152.26
Energy
- EMERA INC – $120.75
- TRANSALTA RENEWABLES INC – $24.20
Technology
- ENGHOUSE SYSTEMS LTD – $11.00
Bonds
- BMO LADDERED PREFERRED SHARE INDEX ETF UNIT – $4.95
- XSH – IShares Core CDN Short ETF – $4.17
- ZCS-BMO Short Corp Bond – $7.89
- ZFL-BMO Long Federal Bond – $186.83
REITs
- RIOCAN REAL ESTATE INVESTMENT TRUST – $72.45
- H&R REAL ESTATE INVT TR – $7.50
- CHOICE PROPERTIES REAL ESTATE INVESTMENT TRUST – $25.50
- MORGUARD REAL ESTATE INVT TRUST – $10.18
- NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVTMNT TRUST – $16.53
- CT REAL ESTATE INVT TR UNIT – $20.61
- CANADIAN APARTMENT PPTYS REAL ESTATE INVT TRUST – $24.17
- PRIMARIS REAL ESTATE INVT TR – $2.53
- ARTIS REAL ESTATE INVT TRUST – $8.10
- SMARTCENTRES REAL ESTATE INVESTMENT TRUST – $120.26
- ISHARES S&P/TSX CAPPED REIT INDEX ETF – $7.83
- CI CANADIAN REIT ETF – $6.35
Purchases $32,981.91
I sold $22,687.25 worth of overlapping/duplicative ETFs as I continue to consolidate and pare down my investment portfolio and reinvest the proceeds. In other words, did some housekeeping. New money added this month was $4,227.50.
- 3 shares of MFC – Manulife Financial Corp.
- 17 shares CNQ – Canadian Natural Resources Ltd.
- 4.6647 shares BNS – Bank Of Nova Scotia
- 1 share of PPL – Pembina Pipeline Corporation
- 240 shares of CM – Canadian Imperial Bank Of Commerce
- 20.7976 shares of RY – Royal Bank of Canada
- 3 shares of ALTRIA GROUP
- 24 shares of ENBRIDGE INC
- 15 shares of CANADIAN NATURAL RESOURCES LTD
- 10 shares of EQB – EQB Inc
- 104 shares of NA – National Bank Of Canada
- 5 shares of BN – Brookfield Corp.
- 4 shares of ISHARES CORE MSCI ALL CTRY WORLD EX CDA INDEX ETF
- 8 shares of SLF – Sun Life Financial, Inc.
- 39.8452 shares of ZFL – BMO Long Federal Bond Index ETF
- 1 share of BCE – BCE Inc
- 1 share of CPX – Capital Power Corp
- 4 shares of NBAM – Brookfield Asset Management Ltd (Class A)
- 6 shares of BANK OF MONTREAL
- 14 shares of FTS – Fortis Inc.
- 3 shares of ISHARES S&P/TSX CAPPED REIT INDEX ET
Stuff I Love
- Simplii Financial: Tired of paying monthly fees for chequing accounts and paper cheques but still want easy access to bank machines at no cost? Simplii Financial allows unlimited bank machine transactions at CIBC bank machines and no cost banking.
- WealthSimple Robo-Advisor: As they say, it’s “Investing on autopilot”. Ideal for beginners who want to get into investing and build a hands-off portfolio of low-cost globally diversified funds, or for those that just prefer to do other things than worry about their investments.
- WealthSimple Trade: Trade stocks at no cost / zero commission. Great if you want to buy a small amount of shares in companies on a regular basis.
- Addy: This platform enables investors who don’t want the hassle of being a landlord and/or who can’t afford pricey residential real estate, to gain access to real estate investing for as little as a $25 annual membership (something Addy recently added to their platform in terms of an upfront membership fee – note there are properties you can access without paying the membership fee but you’ll have access to fewer properties to invest in). Click my referral link.
- Wealthica: A secure way to track all your investments and progress in one place, including net worth, dividend, distribution (from Real Estate Investment Trusts (REITS) for example), and interest income, etc. They also produce handy visuals so you track your financial independence goals in a visual way. (I use Wealthica everyday and I highly recommend it for my Canadian friends/readers. Use my promo code: WDDividendDaddy10 and get 10% off the yearly premium subscription).