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August 2022 Dividends

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Greetings everyone, welcome to my August 2022 passive income update. Another quiet month investing wise, outside of purchasing shares with funds received from dividends, I only managed to add 2 shares of Google and 5 shares of Schwab US Dividend Equity ETF.  The purchase of $SCHD will add around $14.08 USD inside my RRSP annually.  I spent a good portion of August away from home, mostly down visiting my parents, helping them with yard work and any other odd jobs that needed attention.  I also managed to sneak a day trip in to the States, hadn't been able to do that for a couple years.  Besides missing my local crossing time on the way back and extending the trip by 2.5 hours through a 24 hour port, crossing the border was painless!  I didn't totally disconnect from the markets, but definitely wasn't as active as I am when I'm home.  Early on in August, Canadian Natural Resources ($CNQ) announced that they would be paying out a $1.50 special dividend paid out at month

July 2022 Dividends

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Greetings everyone, welcome to my July 2022 passive income update. July was a pretty quiet month investing wise, only a couple small purchases were made, and of course reinvestment of dividends!  Camping season got under way July 1st as my family and I got up to the lake for our annual retreat to peace and quiet (my wife's happy place!)  Work commitments pulled me away for my shift throughout the 3 weeks, but I got to spend a handful of days in the water with my boys, and managed to avoid any major sunburns.  It was nice to be able to sit around a campfire this year, fire bans and extreme heat last summer sure put a damper on the relaxing at night part of camp life. Like I stated earlier, I didn't buy much this month, I picked up 10 shares of Schwab US Dividend Equity ETF, and 5 shares of Canadian Natural Resources, all inside my RRSP.  These purchases will add $43.15 to my passive annual dividend income.  I also started a position in Google by picking up 2 shares in my RRSP, n

June 2022 Dividends

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Greetings everyone, welcome to my June 2022 passive income update. What a rollercoaster this past month has been.  A handful of my stocks saw all time highs, and as I write some have experienced 30%+ drops from those highs, investing is not for the feint of heart! Buys & Sells If the drip amounts below don't add up for some shares it is because I used the spare change in my accounts to utilize all the funds I have received over the years from dividends thanks to no fee trading through Wealthsimple. In my RESP I started a position in Alimentation Couche-Tard, picking up 13 shares and adding $5.72 in annual income. In my RRSP I added 15 shares of Bell Media and 20 shares of Fortis to my existing positions, delivering $55.20 and $42.80 in forward income respectively. Also in my RRSP, I started purchasing US companies also through Wealthsimple, only paying a small conversion fee and no trade fees.  I purchased 5 shares each of Starbucks and Schwab US Dividend Equity ETF, adding $10

May 2022 Dividends

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Greetings everyone, welcome to my May 2022 passive income update. Pretty quiet month activity wise, it was turnaround season for my plant, which kept me busy for a 3 week stretch, so I just let the dividends roll in and I simply added shares via Drip whenever possible. The transfer of my RRSP account at RBC to Wealthsimple was completed this month.  Wealthsimple separates CAD and US stocks inside the RRSP, so moving forward, any dividends received in the US portion will be recorded in CAD at 1:1, RBC used to convert the dividend automatically to CAD for me, so for sake of simplicity I'll just report as CAD funds. Buys & Sells Purchased 30 shares of Tourmaline Oil Corp, resulting in $24 of additional annual income.  Dividend Increases I think this was a record for me, 6 companies announced increases to their dividends this month: These increases add $161.26 in annual dividend income across my TFSA and RRSP accounts, not bad! Income May saw my largest ever month of income and fi

April 2022 Dividends

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Greetings everyone, welcome to my April 2022 passive income update. My plant turnaround preparation and execution has kept me busy since the end of April, finally on days off to catch up on a growing to do list, including my blog! This month I was able to max the kids RESP contributions for the year, just waiting for the matched amount to land in the account and get those funds to work growing more dividend income. Pretty quiet month for the TFSA, I added 20 shares of Tourmaline Oil & Gas, this adds $16 towards my annual dividend income. I sold my 5 shares of BMO, and used those proceeds to aid in purchasing 10 shares of CIBC, this added $38.20 to annual income.  Stock will see a 2 for 1 split in May. Purchased 5 shares of Pembina Pipeline, adding $12.60 to the income inside my TFSA In the kids RESP I bought 30 shares of Suncor to add $50.40 annually, and 150 shares of Dream Industrial REIT adding $104.94 in passive income. One dividend increase - Cenovus tripled their dividend, ad

March 2022 Dividends

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Greetings everyone, welcome to my March 2022 passive income update. March was a pretty quiet month for account activity for me, only 3 transactions, all within my TFSA so no fees paid for any purchases this month. Mar 8 sold I $ITP after their sale was announced for $39.40 per share, I made 55% and never collected a dividend, I then added to my position in $ENB by purchasing 35 more shares and adding $120.40 to my passive annual dividend income.  Hoping to be able to drip 2 shares per quarter as long as the share prices stays below the $60 mark. Mar 23 I added 15 more shares of $PPL, this adds $37.80 to my annual passive income.  I purchased these shares to try and stay ahead of the share price increase so I can continue adding a share per month via DRIP. On March 3rd, $CNQ increased their dividend by 28% to $0.75 per quarter, this added $80.60 in annual dividend income inside my RRSP account. In total I collected $676.08 in dividend income across my 3 accounts - TFSA, RRSP, & RES

February 2022 Dividends

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Greetings everyone, welcome to my February 2022 passive income update. February started off with my second dividend increase of the year.  $BCE announced a 5% increase to their quarterly dividend to $0.92 per share on Feb 3rd, adding $11.88 to my forward annual income.  In the middle of the month, TC Pipelines ($TRP) announced a 3.4% increase and Nutrien ($NTR) a 4.3% increase, adding another $16.12 in passive income in my accounts.  The following week, Whitecap Resources ($WCP) announced a 33% increase to their dividend starting with the April payment, adding $93.96 to my annual income.  In total, I received $121.96 in dividend increases! On top of my regular contributions to my TFSA, I also added $33.45 from the Ampli app.  This app tracks your spending and rewards you with a percentage, depending on the vendor.  I received an email from them that my accounts became disconnected from their service, not sure I'm inclined to continue with their service, too many adds for vendors no