February 2024 Dividend Income Update
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I finally took my first flight since the pandemic started. It was a nice little break from the monotony of working from home daily. Two things stood out the most. The first is that US/Canada customs was more efficient. The second is that I was hyper-conscious of all of the coughing and sneezing in the airport and the airplane. I don’t recall there being as many sick people on a plane in the past.
I was able to use my new Scotiabank Passport Visa Infinite card. The exchange rate was very good. Although the card comes with 6 complimentary lounge visits per year, I didn’t use it this time since the airport lounge was small and packed. I also used my EQ Bank Card this month. The exchange rate was not as good as the Scotiabank Passport Visa Infinite card. I’m also waiting on the 0.5% cash back.
In February, I received a total of $3,516 in dividends and interest. I earned a cumulative passive income of $9,419 year to date. For comparison, I earned a cumulative passive income of $4,513 this time last year. At the end of 2023, I earned $46,079 in passive income. Of the dividends received this month, $3,192 was available to withdraw without penalty.
As a reminder, I convert any USD amount to CAD using the month-end exchange rate published by the Bank of Canada. For February 2024, I used an exchange rate of 1.3570.
Account | Income |
---|---|
Cash | $1,366 |
Margin | $1,676 |
CA Retirement | $150 |
US Retirement | $324 |
Total | $3,516 |
I received dividends from the following stocks and ETFs in February:
- AbbVie Inc (ABBV)
- Apple Inc (AAPL)
- Conagra Brands Inc (CAG)
- CT Real Estate Investment Trust (CRT.UN.TO)
- Dollarama Inc (DOL.TO)
- Emera Inc (EMA.TO)
- Global X High Interest Savings ETF (CASH.TO)
- Granite Real Estate Investment Trust (GRT.UN.TO)
- Mastercard Inc (MA)
- National Bank of Canada (NA.TO)
- Realty Income Corp (O)
- Royal Bank of Canada (RY.TO)
- Vanguard Short-Term Bond Index ETF (BSV)
- WisdomTree Floating Rate Treasury Fund (USFR)
I purchased shares of the following stocks and ETFs in February:
- iShares Balanced Growth Core Index ETF (XGRO.TO)