January 2022 Dividend Income Update

We all had a rocky January to start off the year with the S&P500 crashing down to levels that make investors nervous.

As with other times, having some cash available to deploy helps make this less nerve wracking, and focusing on dividend income growth rather than portfolio loss is comforting.

GENYMONEY.CA DIVIDEND INCOME UPDATE

If you’re curious about my liquid net worth, subscribe and you’ll get the report with net worth numbers tomorrow.

My long-term target is at least $35,000 annually of dividend income (definitely not a big deal if I don’t get this, my main goal is a 7 figure portfolio), or about a $1,000,000 dividend/ investment portfolio with a conservative 3.5% dividend yield.

For one of my 2022 personal finance resolutions, I am aiming for $25,000 in dividend income.

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

Here’s my September 2021 screenshot chart from Wealthica below on my 12 month trailing performance relative to S&P/TSX and S&P500. Amazingly, to my surprise, my returns are close to S&P500 returns (this wasn’t the case earlier in the year).

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).

My January 2021 forward dividend income was $17,446, my January 2022 forward dividend income is $23,752 so my YoY increase is around 36%.

Here’s how my forward dividend yield looks like in 2022 compared to the last few years.

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Related: 10 Income Producing Assets to Achieve Financial Freedom

This chart shows my forward dividend income. For my actual dividend income received, I just check my Wealthica account really quickly and it takes 1 minute to do, as part of the income add-on (which is free). You just click on the add-on section, then click on income, and toggle the dates to what you are looking to review.

I use Wealthica (it’s like the Canadian version of Personal Capital) to see my dividend income added up for the month because it automatically converts USD to CAD for me, no more calculating it manually (though that’s always fun).

You can read my Wealthica review here if you’re interested in it– it’s free to sign up for!

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 Questrade.

Passiv also gives you very detailed information about your dividend income and Passiv Elite is free for Questrade users. You can even see your time-weighted returns for the past 12 months or year to date.

It also breaks down exactly how many dividends you received from with companies or ETFs month by month into a pretty colour coded format.

You can sign up for a free Passiv account here to look at your dividends received.

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 Predictor App. I think it’s worth the $1 a month or so.

I don’t normally drip and would rather use that cash to invest manually, but I do have a Questrade DRIP set up for Sunlife (from a while ago) when dividends are paid.

Here are the companies and ETFs that paid dividends in January 2022. It was the highest month of dividend payments I have ever received.

• TD Bank (TD.TO)
• Fairfax Financial Holdings (FFH.TO)
• Vanguard Emerging Market ETF (VEE.TO)
• Vanguard Global All Cap ex-Canada ETF (VXC.TO)
• Altria Group (MO)
• iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO)
• Telus Corporation (T.TO)
• iShares S&P/TSX Capped REIT Index ETF (XRE.TO)
• Riocan Real Estate Investment Trust (REI-UN.TO)
• BMO Laddered Preferred Share ETF (ZPR.TO)

DIVIDEND PORTFOLIO CHANGES

Here are some of the portfolio changes last month:

• Bought more Vanguard Global All Cap ex-Canada ETF (VXC.TO)
• Bought more Vanguard Total Stock Market ETF (VTI)
• Bought more iShares S&P/TSX Capped REIT Index ETF (XRE.TO) and they increased their monthly distribution from 0.051 to 0.057, an 11.76% increase.

Here are some of my favourite five Canadian dividend stocks if you’re interested.

How did your January go?