March 2022 Dividend Income Update

Q1 for 2022 is over, where does the time fly?

We went to Hawaii for a few weeks last month courtesy of the Westjet World Elite Mastercard and their generous welcome bonus, it was great to be able to travel again.

I had a thought that it is nice to have passive income coming in, while hanging out on the beach, so I wrote out ‘dividends’ in the sand like an obnoxious dividend investor, ha!

I thought fellow #DGI might appreciate.

Back at home I have been busy cooking and baking and trying new recipes. I was a little late in the bread baking game but we got a dutch oven (thanks to Canadian Tire Money from the Canadian Tire Master Card) and I started making no-knead bread in it.

The kids love it so much they gobble it up each time. I didn’t realize it was so simple to make.

A little late to the bread baking adventures but easier than I thought it would be pic.twitter.com/5WSiVT8Zcx

— Genymoney.ca (@genymoneyca) February 27, 2022

I tried to make roast duck as well “Peking Duck” and it tasted pretty decent. There was a lot of clean up involved as I spilled the glass jar full of duck juice (used a glass jar instead of a vertical roasting stand because we don’t have one) on the oven floor.

It basically only cost $12 to make (not including my motherhood penalty labour though) and normally in restaurants (hard to go to restaurants with two young kids) it is over $60.

A little burnt but still tastes good!

Homemade Peking duck pic.twitter.com/9hykidEx2C

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

Hence, I gave myself a raise and added more $MFC to my portfolio, to clean the stove and oven.

As some of you might know, every time I get $MFC dividends I deep clean my stove and oven. There is no correlation, but it’s just a reminder to myself to deep clean the stove quarterly. Also, unfortunately I did not realize you have to clean the hood filter monthly and spent a few hours cleaning a lot of built up hood filter gunk.

While in Hawaii, I also bought a Louis Vuitton wallet and simultaneously bought some $LVMUY.

I was going to wait until I reached a financial milestone but I bought it earlier, since they increased their prices 2 times within 12 months (with one of their more popular bags increasing the price by 20% in the last price increase, alone). Here’s my analysis of why I added a small position of Louis Vuitton Moet Hennessy to my portfolio.

GENYMONEY.CA DIVIDEND INCOME UPDATE

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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 February 2022 Dividend Income Update if you want to look at my dividend portfolio from last month.  The forward annual yield at that time was $24,001.

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

My March 2022 Forward Dividend Income is $24,403 and this is a 1.67 % increase from last month, or a $402 increase.

My “hourly rate” is now $2.78 whether I’m eating, sleeping, or cleaning up horrid duck juice spill from the floor of the oven. Or the rate is $11.78/hour if I was working a 40 hour work week.

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 March 2021 forward dividend income was $17,941, my March 2022 forward dividend income is $24,403 so my YoY increase is around 36%.

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

This post may contain affiliate links.  Please see genymoney.ca’s disclaimer for more information.

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.

Here are the companies and ETFs that paid dividends in March 2022. It was an average payout month.

• Vanguard Ex-Canada ETF (VXC.TO)
• iShares S&P/TSX Capped REIT Index ETF (XRE.TO)
• iShares Core S&P/TSX Capped Composite Index (XIC.TO)
• Sunlife Financial (SLF.TO)
• Vanguard Emerging Markets ETF (VEE.TO)
• Vanguard Total Stock Market ETF (VTI)
• Vanguard Real Estate ETF (VNQ)
• Suncor Energy (SU.TO)
• Vanguard Total International Stock Market ETF (VXUS)
• Fortis Incorporated (FTS.TO)
• Walgreens Boots Alliance (WBA)
• Manulife Financial (MFC.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 Emerging Market ETF (VEE.TO)
• Bought more Manulife Financial Corporation (MFC.TO)
• Bought more iShares S&P/TSX Capped REIT ETF (XRE.TO)
• Dripped one share of Sunlife Financial (SLF.TO) (you can read more about Questrade drips here)
• Created a small position in Louis Vuitton Moet Hennessy (LVMUY)

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

How did your March go?