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.

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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.

CompanyTickerNo. of SharesPurchase PriceTotal Value at Cost
Keyera Corp.KEY77$31.54$2,428.27
Pembina Pipeline Corp.PPL25$39.45$986.25
Enbridge Inc.ENB20$49.55$991.00
North-West Health Prop REITNWH.UN65$13.15$854.75
Timbercreek FinancialTF161$9.65$1,553.33
Newport Exploration LtdNWX1,220$0.45$550.53
Pizza Pizza Royalty Corp.PZA177$11.32$2,003.64
Canoe EIT Income FundEIT.UN80$12.71$1,017.07
BMO Canadian High Dividend Covered Call ETFZWC25$18.59$464.75
Vanguard S&P 500 Index ETFVFV10$101.03$1,010.30
CloudMD SoftwareDOC.V600$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.

CompanyJan 21Feb 21Mar 21April 21May 21June 21July 21Aug 21Sept 21Oct 21Total
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.

adam