June 2022 Dividends
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 $10.36 and $9.80 respectively each year. These funds will be reported at 1 to 1 to avoid fluctuations in the dollar.
My only sell was 25 shares of TC Energy which I used to purchase 1000 shares of Tidewater Midstream, this actually lowers my forward income by $57.18 annually but sometimes you need to take a step back to move forward!
Dividend Increases
Two companies I own increased their dividends in June, adding $121.90 to my forward annual income.
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