July 2022 Dividend Income Update

Another month, nice to get a little bit of a reprieve from the blood shed in last month’s update.

Even though I injected some cash into my investment portfolio, I haven’t done too much with it as my limit orders didn’t get activated. I also had quite a busy month with little time to think about what to buy next for my investment portfolio.

We went camping, it was a much better experience than previous years, I can see it getting easier with the kids now that they are older. In fact, I even got to read a chapter from a book (albeit just one chapter) sitting around the campfire.

On our way back from camping, we also went blueberry picking and managed to pick 15 pounds of blueberries within 45 minutes. There were just so many large blueberries and they all tasted great, it was like hitting up the blueberry jackpot.

Another reason last month was so busy was because my oldest turned 5! I can’t believe I have a 5 year old, I still feel tired though, maybe this will get better when they are in school.

I know they say money can’t really buy happiness, but we bought a used Kitchenaid stand mixer and it is really making me happy.

I made a sheet cake (it took about 2 hours to make) and continue to practice my cake decorating skills. I estimated we saved about $70 on a similar fresh fruit sponge cake you would get at the local bakery.

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 this week.

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 was aiming for $25,000 in dividend income (this has been achieved).

Here’s my June 2022 Dividend Income Update if you want to look at my dividend portfolio from last month.  The forward annual yield at that time was $25,756.

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

My July 2022 Forward Dividend Income is $25,869 and this is a 0.4 % increase from last month, or $113 increase in annual dividend income.

My “hourly rate” is now $2.95 whether I’m eating or sleeping or mowing the lawn.

Or the rate is $12.44/hour if I was working a 40 hour work week.

Here’s my June 2022 screenshot chart from Wealthica below on my 12 month performance relative to the S&P/TSX and S&P500.

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 July 2021 forward dividend income was $19,827, my July 2022 forward dividend income is  $25,869 so my YoY increase is around 30%.

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

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 (especially ETF distribution changes since they are harder to keep track of).

I average the last year’s ETF’s distributions to get my ‘forward’ yield.

Here are the companies and ETFs that paid dividends in July 2022. It was an above average dividend payout month, the second highest I have had in the past 12 months… over $3500 or so.

• Altria Group (MO)
• Power Corporation of Canada (POW.TO)
• Telus Corporation (T.TO)
• Vanguard ex-Canada ETF (VXC.TO)
• iShares S&P/TSX Capped REIT Index ETF (XRE.TO)
• Riocan REIT (REI.UN.TO)
• ZPR BMO Preferred Share ETF (ZPR.TO)

DIVIDEND PORTFOLIO CHANGES

Here are some of the portfolio changes last month (and I mainly keep track of these from the Dividend Pro app):

• I bought more Vanguard Ex-Canada ETF (VXC.TO) in July
• I bought more Vanguard Total Stock Market (VTI) in August
• Walgreens Boots Alliance (WBA) increased their dividend by only a small amount, 0.5%

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

How did your July go? Does your household have a stand mixer?