June 2022 Dividend Income Update

It hasn’t really felt like summer here on the west coast, I am typing this as I hear rain drops outside. I’m not complaining though, there have been some nice sunny days so far.

Enough of a stretch that we were able to go strawberry picking, go to the Royal Canadian Circus (the kids just loved it), and enjoy some sunny days in the backyard.

We went to a friend’s place for dinner and they had a temaki sushi night for us, they ordered the tray from a fresh sashimi place in downtown. You kind of then just help yourself.

It was delicious and simple (you just have the tray, make some sushi rice, and cut some nori seaweed into squares) so I was inspired to do something similar.

I got some pre-cubed salmon poke from Costco and cut up some vegetables and other poke toppings for a poke meal with friends.

It’s a poke play date lunch pic.twitter.com/o8DWg3bHcX

— Genymoney.ca (@genymoneyca) July 3, 2022

If you haven’t heard of poke, it’s pretty much like salmon sashimi or tuna sashimi cut into cubes and marinated on rice. Kind of like eating a sushi bowl, in a way.

Here in Vancouver, one poke bowl usually costs around $15, and this probably served 5 adults and a few toddlers for about $30.

Some of the toppings were:

• Seaweed salad
• Cilantro
• Mango
• Imitation crab
• Edamame
• Avocado
• Cucumber
• Cabbage

Thanks Costco!!

The market has been pummelled this last month (I didn’t realize how much my portfolio got pummelled until I did my net worth calculation), so I moved some money into my investment portfolio.

If you need encouragement with regards to your portfolio, I found a nice post on some Personal Finance Visuals- here are some of my favourites from that list:

2. “You need a reasonable amount of intelligence, but the temperament is 90% of it.” -Warren Buffett pic.twitter.com/bOMpOmYxIh

— 1 Page Finance ? (@1PageFinance) July 2, 2022

7. what it takes to be a successful investor? pic.twitter.com/xFjym0TpI4

— 1 Page Finance ? (@1PageFinance) July 2, 2022

10. “The true investor welcomes volatility…a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses.”

—Warren Buffett pic.twitter.com/cVPm33hhzE

— 1 Page Finance ? (@1PageFinance) July 2, 2022

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 am aiming for $25,000 in dividend income.

Here’s my May 2022 Dividend Income Update if you want to look at my dividend portfolio from last month.  The forward annual yield at that time was $25,302.

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

My June 2022 Forward Dividend Income is $25,756 and this is a 1.8% increase from last month, or $454 increase in annual dividend income.

My “hourly rate” is now $2.94 whether I’m eating or sleeping or mowing the lawn.

Or the rate is $12.38/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. It’s even lower now, haha.

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 June 2021 forward dividend income was $19,685, my June 2022 forward dividend income is $25,756 so my YoY increase is around 31%.

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 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 June 2022. It was an average payout month.

• Sunlife Financial (SLF.TO)
• iShares Core S&P/TSX Capped Index (XIC.TO)
• Vanguard Emerging Markets ETF (VEE.TO)
• Vanguard Total Stock Market ETF (VTI)
• Vanguard Real Estate ETF (VNQ)
• Vanguard Total International Stock Market ETF (VXUS)
• Manulife Financial (MFC.TO)
• Walgreens Boots Alliance (WBA)
• Fortis Inc (FTS.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 (and I mainly keep track of these from the Dividend Pro app):

• This quarter’s iShares S&P/TSX Capped Composite Index (XIC.TO) increased their distribution by 9.17% compared to last quarter.
• Vanguard Ex-Canada ETF increased the distribution payout by 318.88% compared to the previous quarter
• Vanguard Real Estate ETF (VNQ) decreased the payout from the previous quarter by 1.25%
• Vanguard Total Stock Market ETF increased the distribution compared to last quarter by 5.78%
• Vanguard Emerging Market ETF increased the distribution compared to previous payout by 194.11%
• Vanguard Total International Stock Market increased the payout by 486.95% compared to previous distribution
• 1 Sunlife Financial share was dripped (this is the only company that I use my Questrade drip with).
• I’m forcing myself not to buy any more Canadian companies as I am overweight in Canada (again), so I bought more Vanguard Ex-Canada ETF (VXC.TO) in June

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

How did your July go?