youngandthrifty dividend income update April 2013

I managed to buy some more ETF's but really haven't had the time to research more dividend producing stocks or more ETFs to plunk my money in.  I noticed that my portfolio dipped a bit (by about 2%) since I checked last month.  I did manage to increase my annual dividend income by another $100 this month (looking forward annually) through buying more dividend ETFs.

I bought more CYH and CPD.  The ETFs in my portfolio work out to be almost 20% of my portfolio.

I would like to increase my exposure in my portfolio to utilities.  I currently only have Fortis (tried, true, and trusted) and Just Energy (not so trusted, one of the dogs in my portfolio) and both of these comprise almost 12% of my TFSA portfolio.

I may also consider adding a REIT as well.  Which REIT is your favourite?  I am wary that they seem a bit overpriced at the present moment.

I am heavily weighted in financials (BMO and Sunlife) and some of the ETFs are financial heavy so won't need to add more of that going forward.

Hopefully during my school break I will get a chance to look more closely at what equities or ETFs to purchase.

April dividend update

 

 

3 Comments

  1. Poor Student on April 18, 2013 at 7:20 pm

    Canadian Apartment Rentals (CAR.UN) for a REIT. I just picked it up in my TFSA at $25.00. I apparently could have let it go a little lower but it is very close to its book value. It and Riocan maybe are fairly priced right now.



  2. Jane Savers @ The Money Puzzle on April 19, 2013 at 7:35 am

    I got $2.03 dividend from Shopper’s Drug Mart this month. I have a long way to go before I reach FI



  3. Poor Student on April 25, 2013 at 5:45 pm

    Another one to look at would be BTB.UN. I just bought CAR.UN so I am not sure I want to pick up another REIT right now but I feel pretty giddy when I think about that 8% yield.



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