June 2023 Dividend Income Update

I went on a bit of a buying spree when the markets were looking pretty gloomy (especially the TSX). This is why I have some cash on hand, psychologically it’s to make myself feel better. I threw some more cash into my brokerage from my savings. The red doom and gloom was over just as quickly (for now) as the S&P500 rallied high right before Canada Day.

Now the portfolio is at an all time high again (for now).

As usual, you can’t really predict how the market is, it’s hard to time the market, but keep on investing regularly is the way to manage your emotions with regards to your portfolio.

Here’s my June dividend income update!

June 2023 Dividend Income Update

My goal for 2023 is at least $35,000 annually of dividend income (definitely not a big deal if I don’t get this, my main goal was a 7 figure portfolio), or about a $1,000,000 dividend/ investment portfolio with a conservative 3.5% dividend yield.

Here’s my May 2023 Dividend Income Update if you want to look at my dividend portfolio from last month.  The forward annual yield at that time was $31,326.

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 2023 Forward Dividend Income is $31586 and this is a 0.83% increase from last month, or a $260 increase in annual dividend income.

My “hourly rate” is now $3.61 whether I’m eating or sleeping or cleaning my stove.

Or the rate is $15.19/hour if I was working a 40 hour work week. I have a bit more to go to make minimum wage in passive dividend income since the minimum wage got increased to $16.75/hr on June 1.

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 (7.98% over 12 months compared to the S&P500 which is over 16% and the S&P/TSX which is 3.66%).

I’m not beating the S&P500 anymore, but am beating the S&P/TSX. This is why you shouldn’t have 100% in Canadian equities.

As Warren Buffett says “Never bet against America”

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 2022 forward dividend income was $25,756 and my June 2023 forward dividend income is $31,568 so my YoY increase is around 22.5%.

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.

Wealthica 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.

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

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

It was an average dividend payout month.

• Manulife Financial (MFC.TO)- Every quarter I deep clean my stove and oven and this serves as a reminder. I ordered some Bar Keeper’s Friend to clean my oven grates more easily, have you tried it?
• Fortis (FTS.TO)
• Suncor Energy (SU.TO)
• Sunlife Financial (SLF.TO)
• Vanguard Total International Stock Market (VXUS.TO)
• Walgreens Boots Alliance (WBA)
• Vanguard Emerging Markets ETF (VEE.TO)
• iShares Core S&P/TSX Capped ETF (XIC.TO)
• BMO Laddered Preferred Shares (ZPR)
• Riocan Real Estate Investment Trust (REI.UN)
• iShares S&P/TSX Capped REIT (XRE.TO)

DIVIDEND PORTFOLIO CHANGES

Here are some changes, there weren’t exciting bank increases like last month.

• I updated the 12 month trailing yield for the Vanguard ETFs (it’s updated every quarter) that I hold, like VNQ, VTI, VXUS, VXC.TO, and VEE.TO.
• Also updated the trailing yield for XIC.TO as well.
• Added more Vanguard Total Stock Market ETF (VTI)
• Added more Vanguard ex-Canada ETF (VXC.TO)
• Added 50 more shares of Fortis (FTS.TO)
• Sun Life Financial dripped one share (I haven’t turned off this drip, it’s the only one I drip)

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

How did your June investing go?