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Dividend Weekly 04-2022

Personal and Blog Recap

The last full week of January was just a teaser on what’s to come in our new chapter of homeownership. We decided to pursue an energy audit on our home to qualify for the federal and provincial grants available to make our home more energy-efficient. Mainly we had in mind a heat pump and solar panels, but the audit revealed some other opportunities. In particular, we need to upgrade our attic insulation to hopefully reduce a bit of our heating costs in the sometimes (always) rough Island winter.

All in all, we ended up with a list of small and medium suggested improvements and projects for at least the next two years. I also was sure to carry on the tradition of my family by offering the inspector some coffee. You’ll usually get some extra information in a chat over a coffee and sometimes (as in our case) tips/finds that may have been outside of the initial scope of the audit.

Outside of the house that’s keeping me busy, I am currently reevaluating my day job. The amount of stress and punishing hours have very low appeal in a red hot tech market in Canada. The following weeks will have to show which path is the next one for me to take. I really want to dedicate more time towards personal projects, whether it’s the Just-Dividend blog, another small YouTube project I’m just starting, or DIY projects around the house.

Portfolio Updates

In the following section, I will outline all transactions in my brokerage accounts as well as cover relevant news around my holdings with the goal of keeping my portfolio as transparent as possible.

Dividends Received

In the week starting January 24 2022 I received dividends and distributions from the following holdings:

Cisco Systems Inc (NASDAQ: CSCO)

Danaher Corp (NYSE: DHR)

Empire Company Ltd (TSE: EMP.A)

Buy and Sell Orders

I did not place or execute any orders this week but already transferred a part of my salary to my Tax-Free Savings Account. Check back next week to find out about my third transaction in 2022.

Holding News

This week was bearing great news for my portfolio as not one but in total three dividend increases were announced, boosting my projected annual dividend income by quite a margin.

The first dividend increase was announced on Tuesday, January 25 by Canadian National Railway (TSE: CNR / NYSE: CNI). The company announced to increase the quarterly dividend per common share to $0.7325 CAD. A raise of 19% and quite the benchmark to hit/beat for announcements to follow.

Following the news from Canadian National Railway, Intel (NASDAQ: INTC) boosted their dividend by 5% when they announced the fourth quarter and full-year results of 2021 on January 26.

Lastly, Diageo Plc (NYSE: DEO) wrapped up the week by increasing the interim dividend by 5% after reporting strong organic growth and double-digit growth of net sales across all regions.

Overall, very satisfying increases from all of the companies, especially the traditionally low starting yield from CNR. It was boosted significantly and the yield on cost is now nearing 3% for me.

Reads from the Community

Over the course of the week, I had a chance to read a lot of articles from the investing community. Below you can find some of my favourite posts and/or videos throughout the week.

In “When will U.S. stock markets become attractive?” Dale, author of Cut The Crap Investing, dives into the historically high valuations we have seen for stocks listed on the US markets in 2021. While reflecting on the growth over the last decade and the chances for the US markets as omicron cedes to wear down the economy, there is a note for caution and potential correction scenarios in Dale's post. Overall it’s a note advocating for sticking to your current plan but also looking in other regions for value and diversification to shelter your investments from overexposure to one (the US) market.

Check back next week for more reads from the personal finance and investing community!

Closing Words

I hope you enjoyed reading through some of these insights into my personal life and portfolio.

I invite you to share your opinions or feedback regarding the series. Are you missing anything? Is there another topic you’d like to see covered? Let me know in the comments below!

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