May 2020 Update: Dividends, Renovations & Bourbon

Dividend Income & Portfolio News

Personal Highlights – May 2020

  • 2 Years ago we thought we were going to sell the cabin because it was hard to enjoy with a 1 and 3 year old… but as the kids got older, we’ve really started enjoying it again.  We decided if we are going to keep it – we should finally make a few much needed changes.  We bought new beds, a new BBQ, brought a few new chairs out, and spent 2 full days ripping up the old carpet/flooring and putting new floors in.  It looks and feels like a whole new cabin.  Pic below:
    Cabin Floor Renovations
  • On the Covid front – our province is on “Phase 2” of reopening.  Most things are open now, although strict guidelines are still in place.  I haven’t yet gone to any restaurants or malls or anything.  Although I have made a couple trips to the hardware store.  We’ve been really lucky so far in Manitoba *knock on wood* with under 300 confirmed cases since the pandemic started.
  • The liquor mart got their yearly supply of my favourite bourbon that they carry so I stocked up.  It only comes in once or twice a year, and always sells out, so I need to make sure I stock up when it is available:)
    Liquor Mart
  • If I am being completely honest, between Covid, and the protests happening down south, I have lost quite a bit of interest in stocks, sports, etc.  I find myself refreshing twitter, reading articles, and going down the rabbit hole reading comments or arguing with people.  On the one hand I feel like I need to take a break from it for my own mental health, but on the other hand this is too important to just ignore/take a break.
  • I’m going to keep this short this month. Truth be told, I feel kind of like a Jackass even writing a dividend report/blog update with everything going on in the world right now, but it keeps my mind busy.  I hate that we even have to say #blacklivesmatter.  How fucked up is that? Seriously – think about that for a second. How did we let it get to this?  Silence and status quo I think is the biggest factor.  If you see or hear something racist, sexist, homophobic – please do your part and call that shit out.  It won’t be easy, it will be uncomfortable, but it needs to be done.
  • Financial Highlights for May:

  • Continued bi weekly contributions into TFSA, Wife’s TFSA & Spousal RRSP
  • May is usually a slow month, not many dividends paid.  The good news is there were no cuts/suspensions this month.
  • I was paid dividends from 5 companies, and 1 funds this month.  I dripped a total of 43 new shares/units.
  • Even though I had to take a temporary pay cut, my spending has been way down, which has more than made up for the temporary cut.  I guess it is easy to increase your savings rate when you can’t go out anywhere…haha
  • Next month XAW pays its semi annual dividend.  This should give my income a nice boost. They haven’t announced their distribution yet, and I assume it will be lower than last year due to Covid, but it should still hopefully work out to over $1000.

Passive Income Update For May 2020.

TFSA’S:

Diversified Royalty: $22.62(dripped 13 shares)

Artis Reit: $28.22 (dripped 3 shares)

Power Corp: $98.90 (dripped 4 shares)

Interrent Reit: $4.29

Plaza Reit: $29.68 (dripped 10 shares)

TFSA’s Total: $183.73

RRSP:

Canadian Equity Income Distribution: $352(dripped 13.845 shares)

Total Passive Income May 2020:  $535.73

Portfolio Update:

My portfolio was up slightly to: $334,531.46  This represents a increase of 1.62% from last month. I expect continued volatility in the market (and my portfolio) for the foreseeable future.

My long term plan hasn’t changed. I haven’t sold a single stock, and I continue to look for good deals.  I’ve updated my watchlist, I am currently keeping an eye on: Manulife, First National Bank, Alimentation Couche Tard, Metro and Canadian Western Bank (among a few others).

Passive income in May was $535.73 This is one of my slowest months, but luckily it should be followed by one of my largest.  Next month XAW pays one of it’s semi annual distributions.  With everything that has gone on in the market, I am not too sure how much to expect from XAW but it should be a much needed boost.

Assuming no dividend cuts or increases, my current Forward 12 month dividend income is $11,340.46.

Stay safe!

Cheers.

 

11 Comments on “May 2020 Update: Dividends, Renovations & Bourbon

  1. It’s been so depressing and disgusting watching what’s going on in the US over the last few days. I’ve been trying to keep my twitter usage to a minimum to keep my sanity.
    On a personal & financial front, looks like things are looking up. We are hoping things will open up here in Ontario soon.

    All the best and stay safe out there

    Cheers
    R2R

    Like

    • I was just talking to a friend about the same thing – on the one hand, want to just not look at twitter, news, facebook, etc..but on the other hand, don’t want to – and cant ignore what is happening.

      Like

  2. The renovations look great Jordan. Nice job and I love the new flooring you installed. Your portfolio continues to move and grow. Love it and those were some really solid dividends received this month. Excellent work.

    I feel the same way about the news. It is awful what is going on. We have come far as a society, but clearly still have a ways to go. Unfortunately, throughout history, there has always been this kind of garbage.

    To end on a positive note, enjoy your bourbon 🙂

    Bert

    Like

  3. Great commentary Jordan (as always)…I am in the same camp as you…as the Markets have been going up, the volumes have been low.

    I think your watch list is on target.

    Looking forward to further updates from you,

    Cheers

    Like

  4. You’re really doing great with COVID cases. In Montreal, we have over 26K cases but the daily rate is dropping. The economy is slowly opening up on our end.

    Like

  5. Nice Jordan! Love the cottage renos. I didn’t even realize xaw will pay this month. Sweet!

    The blm thing is brutal. I fully support the movement, I couldnt imagine getting heckled for being black bird watching or just get pulled over cause of the color of my skin.

    At the same time I hate seeing all the violence and even killings of black people who are defending their friends stores from looters. defeats the purpose doesn’t it?

    Now they are talking about defunding the police and even petitioning to ban tear gas? I dunno seems like the pendulum is swinging too far at the moment. I do like the move for all cops to wear cameras on duty though.

    I try to not pay much attention daily to that or covid though, mostly negative stuff.. Media avoids the positives…

    Anyways great month man
    keep it up!

    Like

  6. The protest seem to be going on all over the world, here in Holland we also have our fair share of MLB-protests. I hope everything works out for everyone, its clear that we as a society have a long way to go.

    Still a solid month results-wise. Enjoy your drink!

    Stay safe!

    Like

  7. Hey, first time stopping by and your renovations look pretty sweet.

    impressive portfolio you have as well, I have started my own journey and can’t wait til I’m earning 500 in a month from dividends

    Like

    • Thanks for stopping by. The first little bit is the hardest, but once compounding takes over – it just keeps growing faster and faster. Good luck and let me know need anything!

      Like

  8. Pingback: Dividend Income from YOU the Bloggers - May 2020

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: