April 2026 Dividend Income Update

Oh let’s see this month my manager pissed me off by micromanaging. She is a relatively new manager to us, we are a very well functioning no-drama team without much need for management. She seemed okay for the past six months until she questioned a mileage expense that I have been submitting for the last 10 years (and never had questions on). She went through Google Maps, inputted the route, and questioned the mileage I submitted, pretty much accusing me of fraud. It was over something like $10.

Thankfully I am an organized person and I was able to substantiate my claim and refute her accusation.

She did not apologize. Basically said it’s her job to question and approve expenses claimed.

Questioning my integrity over $10 when I never ask to be paid for missed lunches or all the meetings that I attended (for free) for the past 6 years on my days off.

Thankfully I have a big pile of FU money so I can quit if I want to. I’ll see how she is, if she continues to piss me off I might need to find a new job or retire earlier than intended.

In the meantime, I have decided that I don’t need to attend the meetings that she hosts on the days that I am not working. Meeting minutes will do if I need to catch up. I’m not getting paid for it anyway and it’s usually a stressful morning trying to listen while my kids are acting up at school drop off.

If you like to track your dividend income like I do, here’s a free dividend tracker spreadsheet download for you. I find it motivating to keep track of your numbers and continue to see a positive trajectory. I use it to track how many shares of an investment I buy and when.

April 2026 Dividend Income Update

My goal for 2026 is to have at least $45,000 annually of dividend income. Feels a little low to me given how expensive everything is… but I’ll re-evaluate.

Here’s my March 2026 Dividend Income Update if you want to look at my dividend portfolio from last month.  The forward annual yield at that time was $42,846.

A few notes: I leave the US dividends received/ estimated as a 1:1 US and CAD dollar exchange to keep thing simple.

My April 2026 Forward Dividend Income is $42,883 and this is a 0.1% increase from last month, or $37 increase in annual dividend income. Pretty low, the dividend snowball is slowing down.

My “hourly rate” is $4.90 whether I’m eating or sleeping or cleaning my stove.

Or the rate is $20.62/ hour if I was working a 40 hour work week.

The minimum wage in BC will increase to $18.25 per hour on June 1, 2026.

Way to go passive income!

Here’s my screenshot chart from Wealthica below on my 12 month performance relative to VTI as of May 27, 2025. Beating the S&P500, not too shabby right?

To get to this page, log into Wealthica and click on “add-ons” then click on “Performance Report” in the drop down box. You’ll be able to see how your portfolio compares to the S&P/TSX and the S&P 500 (but it doesn’t include the dividends).

Personally, I think it’s not a bad idea to keep track of how your portfolio compares to the benchmark indices, because if you have 75 different Canadian dividend paying companies and your return over the years is only 4% compounded annually then you might want to think about changing your investment strategy.

Comparing my own portfolio to the benchmark (and being appalled at the measly return) is what prompted me to switch to at least 50% of my portfolio in ETFs a few years ago and since then my portfolio has been doing better total growth-wise.

My April 2025 forward dividend income was $38821 and my April 2026 forward dividend income is $42,883 which is a 10.5% increase.

Here’s how my forward dividend yield looks like compared to the last few years, it has definitely slowed down recently. Sorry the chart looks ugly.

You can read my Wealthica review here if you’re interested in it. It’s not free anymore but it still provides good value for the cost in my opinion.

I love it as it works especially well with my Questrade accounts because of the API access and the graphing capabilities of Wealthica are much better than what you would just get with Questrade.

It does not work well with RBC Direct Investing or TD though, it doesn’t alway sync up well on the app.

Unfortunately Passiv Elite is not free for Questrade users anymore, but it is included for Questrade Plus users only (you have to pay a monthly fee for this service).

If you prefer your own spreadsheet instead, and you’re interested in getting your own dividend income spreadsheet tracker, sign up for a free download here.

DIVIDENDS RECEIVED

I like tracking upcoming payments and ex-dividend dates using the Dividend Pro App. I just renewed for another year and they increased the price, it’s now $17.50 or so for a year but I think it’s worth it so I can keep myself updated regarding dividend payments and changes.

Wealthica also has a free add-on called “Income Investor Lite” and you can choose to see the Income Calendar, Dividend Holdings, and Upcoming Payments with a subscription of $9.99/year.

You can do a free trial of the upgraded income investor lite (no credit card needed) for seven days.

The upgraded version has an income calendar showing you the upcoming payments.

Also it shows you the dividends paid (in total), and forward yearly dividends expected including the current dividend yield and your yield on cost (in the paid version).

The free version shows you an income chart of the last 12 months of payments and the forward 12 months of payments expected, however the forward 12 months doesn’t seem accurate.

I like it because you don’t have to manually update any holdings when you make changes to the number of shares you own etc. however, I don’t like that you can’t see it on the phone (and it’s just on desktop).

Therefore, I’ll stick to Dividend Pro for now.

Here are the companies and ETFs that paid dividends and distributions in April 2026.

It was a decent dividend paying month.

• Telus Corporation (T.TO)
• Vanguard ex-Canada ETF (VXC.TO)
• CASH ETF (CASH.TO)
• TD Bank (TD.TO)
• Altria (MO)
• iShares S&P/TSX Capped REIT (XRE.TO)
• Riocan Real Estate Investment (REI.UN.TO)

DIVIDEND PORTFOLIO CHANGES

• No increases this month 🙁
• Added more Vanguard ex-Canada ETF (VXC.TO)
• Added more Sunlife Financial (SLF.TO)

Here are some of my favourite five Canadian dividend stocks if you’re interested. One of them has been a quadruple bagger for me, returning over 400%.