January 2023 Dividend Income Update

2023 YTD went off with a bang. So far the S&P500 has returned 4.75%. It’s not looking too bad for 2023, but I’m still waiting with bated breath to see how it will actually pan out.

In the meantime I will continue to buy assets and future income whether the market is up, down, or flat.

Here’s my January dividend income update.

January 2023 DIVIDEND INCOME UPDATE

If you’re curious about my liquid net worth, subscribe and you’ll get the report with net worth numbers this week. I’ll likely stop oversharing once I hit my investment portfolio goal.

My one year target goal 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 2023 personal finance resolutions, I am aiming for $35,000 in dividend income.

Here’s my December 2022 Dividend Income Update if you want to look at my dividend portfolio from last month.  The forward annual yield at that time was $28,794.

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

My January 2023 Forward Dividend Income is $29,054 and this is a 0.90% increase from last month, or $260 increase in annual dividend income.

My “hourly rate” is now $3.32 whether I’m eating or sleeping or cleaning my stove.

Or the rate is $13.96/hour if I was working a 40 hour work week.

Talk about passive income!

Here’s my screenshot chart from Wealthica below on my 12 month performance relative to the S&P/TSX and S&P500 (positive 0.23% over 12 months).

I am beating the market (both the S&P500 and S&P/TSX) but it’s not anything to be proud of since I still have paper losses haha.

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 2022 forward dividend income was $23,752 and my January 2023 forward dividend income is $29,054 so my YoY increase is around 22.3%.

Here’s how my forward dividend yield looks like compared to the last few years. The snowball is rolling rolling rolling.

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 what you would just get with 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 Elite 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 Pro App. I just renewed for another year and they increased the price, it’s now $15.50 or so for a year but I think it’s worth it so I can keep myself updated regarding dividend payments and changes.

I like how you can use it on the app.

Wealthica recently added 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.

It shows you an income chart of the last 12 months of payments and the forward 12 months of payments expected.

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 desk top). I’ll stick to Dividend Pro for now.

Here are the companies and ETFs that paid dividends in January 2023.

It was an above average payout month (typically January is the highest payout for the year for me).

• Fairfax Financial (FFTH.TO)
• Altria (MO)
• Vanguard ex-Canada ETF (VXC.TO)
• Vanguard Emerging Market ETF (VEE.TO)
• Riocan REIT (REI.UN.TO)
• iShares S&P/TSX Capped REIT (XRE.TO)
• Telus Corporation (T.TO)
• TD Bank (TD.TO)
• BMO Laddered Preferred Share ETF (ZPR.TO)

DIVIDEND PORTFOLIO CHANGES

In January there was nothing too exciting.

Here’s what I added to the portfolio.

• Bought more Vanguard ex-Canada ETF (VXC.TO)
• Picked up 10 more shares of Vanguard Total Stock Market ETF
• Added more Fortis (FTS.TO)
• Added Vanguard Real Estate REIT ETF (VNQ)

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

The companies you select in your portfolio can’t all be winners, but Fairfax Financial (FFH.TO) has done very well for my portfolio so far and is almost a one bagger (up almost 93%).

How did your January go?