Pages

Friday, December 2, 2022

It's now super official, I am now a Dividend Queen

Other than the saga that is still going on between Saputo Inc. (SAP) and a short seller freak Spruce Point Capital Management, two days ago, 3 of my major holders in my investment portfolio announced back-to-back dividend increases: Enbridge Inc. (ENB), Royal Bank of Canada (RY) and National Bank of Canada (NA). It was quite amazing to watch.

During that time, my investment portfolio grow by over $3,000, which means that I probably had closed yesterday's trading day with a net worth of over $350,000. Yesterday, my non-registered portfolio closed the session at $148,015.59, my US portfolio at $5,450.68, my RRSP portfolio at $61,754.96, and my TFSA portfolio at $126,457.30.

Yesterday, I was quite happy to learn that both the Canadian Imperial Bank Of Commerce (CM) and Toronto-Dominion Bank (TD) also increased their dividend distribution today! That's quite satisfying news. 

With all those increases, my dividend income coming from my TFSA and non-registered portfolio is now exceeding $10,000 by 40 bucks and my overall dividend income is getting super close to the ao wanted $12,000. I am now only missing exactly an annual $14.34 before seeing that happen. I always taught that earning the equivalent of $1,000 per month in dividends. It's about to happen really soon, it's just that a little part is coming from my RRSP portfolio, money that I cannot really touch in case of need.

No comments:

Post a Comment