August 2022 Dividends
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's end. I received two special dividends this month, with Tourmaline also issuing a special dividend, the fourth since November of last year. It has also been announced that they will pay out one more this year and four more in 2023, amounts yet to be determined.
As a result of the special dividend announcement, I decided to exit my position in Enerplus, realizing a 154.7% gain, and bought 250 shares of $CNQ in my TFSA, this purchase will add $546 annually in regular dividend income.
I received dividends from 11 different companies across my investing accounts. Let's take a look at the results:
TFSA
- Pembina Pipeline Corp. $52.71 (3 drips) Utilized leftover funds to maximize reinvestment.
- CNRL $375.00 (5 drips) Special Dividend
- Tourmaline Oil Corp. $740.00 (13 drips) Special Dividend and leftover funds
- Whitecap Resources Inc $39.05 (4 drips)
- SmartCentres REIT $37.93 (2 drips) Leftover funds used for 1 share
- TransAlta Renewables Inc. $25.14 (2 drips) Leftover funds used for 1 share
- Canadian Natural Resources Ltd. $198.00 (2 drips) Special Dividend
- Power Corp of Canada $56.43 (3 drips) Leftover funds used for 2 shares
- Royal Bank of Canada $177.92 (1 drip)
- Abbvie Inc. $141.00 USD (2 drips) Leftover funds used for 1 share
- Starbucks Corp $2.45 USD
- Dream Industrial REIT $14.75 (1 drip)
Great Job! https://vibrantdreamer.com/combined-canadian-dividend-income-august-2022/ is where I am including yours and everyone else as always (Sorry for the delay as I was traveling, again!)
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