My $13,157 Canadian Dividend Investing Portfolio: October 2021 | TFSA & RRSP
Closing in on the one-year anniversary of my dividend investing journey, we have seen some pretty good progress so far. October 2021 is my 11th month of dividend investing and I have been able to invest $13,157 Canadian dollars. This represents about 25% of my annual income, which is neither excellent nor bad.
The better news is that I have been able to grow my monthly dividend income to double-digits. That triple-digit monthly income is not too far. I have been re-investing all of these dividends earned back into the portfolio to achieve the fastest possible compounding growth.
In August and in September, I really focused on creating dividend snowballs wherever possible with my holdings. This way, I will be able to keep things moving at all times. Every month (or so) I will receive more dividends than the last — so nothing will remain stagnant even for just a month. With this strategy, I was able to add more shares to companies that paid dividends. I bought their stocks with their dividend income!
Canadian Dividend Portfolio Value
As of October 31, 2021, my dividend portfolio had a market value of $13,157. This is a drop from the $13,291 I have invested in this portfolio. The decrease in the portfolio value by $134 is mainly due to one of my growth stocks, CloudMD (ticker: DOC.V). Considering this stock has lost me $300, my dividend stocks have grown in value. If not for this growth stock, my portfolio value would be a positive $166.
I also have about $157 dividends re-invested in this portfolio.
Canadian Dividend Portfolio holdings: October 2021
During October, I was able to add a few new positions to my portfolio along with increasing the holdings of existing positions. I would call this a good month’s work!
This month, I dipped my toes into Exchange-Traded Funds (ETFs) from the Canadian market. One ETF I want to highlight is the Vanguard S&P 500 Index ETF which gives me exposure to the US market. This is essentially a growth-focused ETF with a small quarterly dividend payment.
Below are my total holdings as of October end.
| Company | Ticker | No. of Shares | Purchase Price | Total Value at Cost |
|---|---|---|---|---|
| Keyera Corp. | KEY | 77 | $31.54 | $2,428.27 |
| Pembina Pipeline Corp. | PPL | 25 | $39.45 | $986.25 |
| Enbridge Inc. | ENB | 20 | $49.55 | $991.00 |
| North-West Health Prop REIT | NWH.UN | 65 | $13.15 | $854.75 |
| Timbercreek Financial | TF | 161 | $9.65 | $1,553.33 |
| Newport Exploration Ltd | NWX | 1,220 | $0.45 | $550.53 |
| Pizza Pizza Royalty Corp. | PZA | 177 | $11.32 | $2,003.64 |
| Canoe EIT Income Fund | EIT.UN | 80 | $12.71 | $1,017.07 |
| BMO Canadian High Dividend Covered Call ETF | ZWC | 25 | $18.59 | $464.75 |
| Vanguard S&P 500 Index ETF | VFV | 10 | $101.03 | $1,010.30 |
| CloudMD Software | DOC.V | 600 | $1.95 | $1,170.00 |
| Total | $13,290.77 |
ETFs hold shares of many companies in them. So, investing in one ETF could potentially give you exposure to thousands of companies it holds. This is a great way to diversify your portfolio fast and minimize the downside risk of your investments.
Dividend Income update: October 2021
October 2021 was my second-highest dividend income month ever since I started investing. This is because September 2021 was a quarter-end month and I have a few quarterly dividend-paying companies.
So, the grand total of dividends received in October 2021 was …*drumroll*… $41.78.
| Company | Jan 21 | Feb 21 | Mar 21 | April 21 | May 21 | June 21 | July 21 | Aug 21 | Sept 21 | Oct 21 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Keyera Corp. | $0.64 | $0.64 | $0.64 | $0.64 | $0.64 | $0.64 | $0.64 | $4.80 | $12.16 | $12.16 | $33.76 |
| Manulife Fin. Corp. | – | – | $1.12 | – | – | $1.12 | – | – | – | – | $2.24 |
| Pembina Pipeline | $0.63 | $0.63 | $0.63 | $0.63 | $0.63 | $0.63 | $0.63 | $5.25 | $5.25 | $5.25 | $20.16 |
| Shaw Comm. | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 | – | – | – | $2.79 |
| Canadian Ut. | – | – | – | – | – | $1.32 | – | – | – | – | $1.32 |
| Enbridge Inc. | – | – | – | – | – | $1.67 | – | – | $16.7 | – | $18.37 |
| North-West REIT | – | – | – | $0.07 | $0.07 | $0.07 | $0.07 | $4.33 | $4.33 | $4.33 | $13.27 |
| E Split Corp (A) | – | – | – | – | $0.91 | $1.17 | $1.30 | – | – | – | $3.38 |
| Timbercreek Financial | – | – | – | – | – | $0.69 | $0.69 | $6.04 | $7.71 | $9.26 | $24.39 |
| Dividend 15 Split Corp. | – | – | – | – | – | $1.20 | $1.20 | – | – | – | $2.40 |
| Canoe EIT | – | – | – | – | – | – | $1.7 | – | – | – | $1.70 |
| Newport Exp. | – | – | – | – | – | – | – | – | $22.7 | – | $22.7 |
| Pizza Pizza | – | – | – | – | – | – | – | – | – | $10.62 | $10.62 |
| Total | $1.664 | $1.667 | $2.79 | $1.74 | $2.65 | $8.91 | $6.63 | $20.42 | $68.85 | $41.78 | $157.10 |
Timbercreek Financial Corp. is my first successful dividend snowball. With the October dividend income of $9.26, I was able to add 1 share of the company to my portfolio. This does not seem much. But, I will receive a few cents extra in November, which allows me to buy one more share of Timbercreek. And this cycle continues. I will expand my Timbercreek holding with the dividends they pay to me.
My RRSP Contributions
In October 2021, I also opened my Registered-Retirement Savings Plan (RRSP) as I’m running out of contribution room in my TFSA. Since RRSP is catered towards retirement, I will focus more on buying growth stocks in this account. This is one reason why I added the Vanguard S&P 500 Index ETF to my RRSP account. The ETF will grow tax-free in this account until I withdraw it.
Conclusion
My Canadian dividend investing portfolio has been growing consistently ever since I opened it 11 months ago. It does look like, I’m on my way towards that dream goal of three-digit passive income per month, which is $100. This will be a major milestone I’m looking forward to celebrating soon.
Until then, happy investing.
