November 2022 Dividend Income Update

Crazy that the market recovered so much from October while I was away most of the month on vacation. I’m getting closer to my goal, hopefully it can be achieved in the next 6 months. I just realized I achieved my “mini” goal by about $4000 without counting my lemon-like car. Once I reach the goal of 7 figure portfolio, I can reward myself and buy myself some Peter Lik art.

We went to Asia and traveled to the Maldives this month. The Maldives has been on my bucket list for a long time. The colour of the ocean is just incredible. I hadn’t traveled outside of North America/ Mexico since 2016.

This was a long journey to get there but well worth the effort.

It really sparked joy for me to be able to travel again.

I’m now thinking about my next trip.

Money spent on travel and memories really does pay dividends for me, rather than buying something from Louis Vuitton (haha yes I bought something small from Louis Vuitton earlier this year too but it doesn’t give me the same elation as travel).

November 2022 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 mid year).

Here’s my October 2022 Dividend Income Update if you want to look at my dividend portfolio from last month.  The forward annual yield at that time was $28,072.

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

My November 2022 Forward Dividend Income is $28,072 and this is a 1.9% increase from last month, or $530 increase in annual dividend income.

My “hourly rate” is now $3.20 whether I’m eating or sleeping or wiping down floors.

Or the rate is $13.50/hour if I was working a 40 hour work week.

Talk about passive income!

Here’s my October 2022 screenshot chart from Wealthica below on my 12 month performance relative to the S&P/TSX and S&P500 (down 3.81% 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 November 2021 forward dividend income was $22,892 and my November 2022 forward dividend income is $28,072 so my YoY increase is around 23%. This is decreased from the YoY the month before which was around 27%.

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.

Here are the companies and ETFs that paid dividends in November 2022.

It was a below average dividend payout month.

• Bank of Montreal (BMO.TO)
• Power Corporation of Canada (POW.TO)
• Verizon Communications (VZ)
• National Bank of Canada (NA.TO)
• TD Bank (TD.TO)
• Riocan REIT (REI.UN.TO)
• BMO Laddered Preferred Shares ETF (ZPR.TO)

Dividend Portfolio Changes

I did not buy much in November, just indexed and chilled and enjoyed the dividend increases (again) from the big Canadian banks! The dividend increases alone increased my forward income by a few hundred dollars. This is the magic of dividend investing.

• Bought more VTI (Vanguard Total Stock Market ETF)
• Bought more VXC (Vanguard ex-Canada ETF)
• Suncor (SU.TO) increased their dividend by a whopping 10.64%, an increase from 0.47 to 0.52. The last time they increased the dividend it was June 2022. This is nice after their dividend cut in 2020.
• Telus (T.TO) increased their dividend by 3.54% from 0.339 per quarter to 0.351 per quarter
• Bank of Montreal (BMO.TO) increased their dividend to 1.43/share, which is about a 3% increase
• National Bank (NA.TO) increased their dividend from 0.92 per share to 0.97 per share which is about a 5% increase

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 (up almost 70%).

How did your November go?