Portfolio Value Update - January 2024

Portfolio Value
Welcome to the first monthly update of 2024. In January, my portfolio value increased by $350 from 155,610 to $155,960. It’s basically at the same level as last month. The Canadian stock market was also trading sideways, but still trading on the top range.


Dividends
Dividends received in January 2024: $744.58
Dividends received in January 2023: $670.68
Year-Over-Year Dividend Growth: $73.90 or 11%
Year-To-Date Dividend Income: $744.58

The dividend growth is at 11% compared to the same period of last year. The growth rate is sustained by dividend reinvesting and dividend increases.



Portfolio Value Update - December 2023

Portfolio Value
In December, my portfolio value increased by $7,585 from $148,025 to $155,610. December was another great month for stocks just like November. The portfolio is back to over $150K once again. Many stocks have rallied to their previous 52-week highs. For example, the Royal Bank of Canada is now trading at $133 compared to $110 a few months ago; CIBC is trading at $63 compared to $48 a few months ago. I think this rally will run out of steam. Let’s not forget that interest rates are not falling back yet. So far, there’s no indication when the central bank of Canada will start to drop the borrowing rate. I’m curious to see how the market will perform during the first quarter of 2024.



Dividends
Dividends received in December 2023: $736.14
Dividends received in December 2022: $661.15
Year-Over-Year Dividend Growth: $74.99 or 11%
Year-To-Date Dividend Income: $8,460.16

The dividend growth is at 11% compared to the same period of last year. The growth rate is sustained by dividend reinvesting and dividend increases.


Portfolio Value Update - November 2023

Portfolio Value
In November, my portfolio value increased by $10,020 from $138,005 to $148,025. That was a healthy recovery compared to the last two months. Some of the stocks that made a big difference in portfolio value gains are: Alaris is up by 23%; BMO is up by 9.5%, Canadian Apartment REIT is up by 19%; CIBC is up by 16%; Great-West Lifeco is up by 16%; Power Corporation is up by 13%; Telus is up by 12%. Looking forward to see how things will play out in December.



Dividends
Dividends received in November 2023: $724.32
Dividends received in November 2022: $655.76
Year-Over-Year Dividend Growth: $68.56 or 10%
Year-To-Date Dividend Income: $7,724.02

The dividend growth is at 10% compared to the same period of last year. The growth rate is sustained by dividend reinvesting and dividend increases.


Portfolio Value Update - October 2023

Portfolio Value
In October, my portfolio value decreased by $5,500 from $143,505 to $138,005. October was another month of big declines but not as bad as September. In November, my portfolio value should increase because the stocks have bounced back. Just in the past 4 trading days, the TSX Composite Index is up by a thousand points. Let’s see how November plays out.


Dividends
Dividends received in October 2023: $719.96
Dividends received in October 2022: $653.13
Year-Over-Year Dividend Growth: $66.83 or 10%
Year-To-Date Dividend Income: $6,999.70

The dividend growth is at 10% compared to the same period of last year. The growth rate is sustained by dividend reinvesting and dividend increases.


Portfolio Value Update - September 2023

Portfolio Value
In September, my portfolio value decreased by $8,370 from $151,875 to $143,505. That’s a big drop for my portfolio. Too bad I don’t have any contribution room to invest in my TFSA. I’d love to pick up some of the cheap bank stocks. I will continue reinvesting the dividends on monthly basis until next year.



Dividends
Dividends received in September 2023: $725.22
Dividends received in September 2022: $647.13
Year-Over-Year Dividend Growth: $78.09 or 12%
Year-To-Date Dividend Income: $6,279.74

Dividend income never disappoints. That’s a great chunk of change and a good year over year growth considering that I’m only reinvesting the dividends. Next month however, I will receive a bit less because one of my REITs reduced the distribution. This will result in a drop of around $20 per month.