October 2021 Dividend Income Update

We only have two more months until 2022! I hope you had a good Halloween. Here’s my dividend income update for October 2021, there’s nothing really spooky about it, but I was caught be surprise with a nice dividend increase from Suncor!

If you’re curious about my liquid net worth, subscribe and you’ll get the report with net worth numbers tomorrow.

GENYMONEY.CA DIVIDEND INCOME UPDATE

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.

My personal finance resolution for 2021 is to get $20,000 in forward dividend yield and this was completed in August 2021.

Here’s my September 2021 Dividend Income Update if you want to look at my dividend portfolio happenings from last month.  The forward annual yield at that time was $20,721.

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

This update, my October 2021 Forward Dividend Income is $21,688 and this is a 4.7% increase from last month, or a $967 increase.

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).

28.28% is the 12 month S&P500 returns and my returns are just shy of 28%.

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 October 2020 forward dividend income was $17,112, my October 2021 forward dividend income is $21,688 so my YoY increase is around 27%.

Here’s how my forward dividend yield looks like in 2021 compared to 2020 and 2019.

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.

If you’re interested in getting your own dividend income spreadsheet tracker, sign up for weekly blog updates and a free download here.

DIVIDENDS RECEIVED:

I received dividends and distributions from the following companies and ETFs in October that I used to buy more dividend producing companies from my dividend garden.

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. The increase this month is because of all the updated payout changes to the payments of the ETFs I have, I use this app to track my trailing 12 month yield.

I don’t normally drip and would rather use that cash to invest manually, but I do have a Questrade DRIP set up for Sunlife when dividends are paid.

Here are the companies and ETFs that paid dividends in October 2021.

• Altria Group (MO)
• Toronto Dominion Bank (TD.TO)
• Vanguard Global All Cap ex-Canada (VXC.TO)
• iShares Core S&P/TSX Composite Index (XIC.TO)
• Telus Corporation (T.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)

This was a good month for dividend income. It has been the highest dividend income month in the past 12 months for me. This is mainly because of my VXC distribution. This is one of the reasons why I prefer VXC over XAW because of the quarterly (more frequent) payments.

Got paid $280 today to clean the stove $MFC

Now that’s passive income pic.twitter.com/GgcSUygaMH

— Genymoney.ca (@genymoneyca) September 21, 2021

DIVIDEND PORTFOLIO CHANGES

Here are some of the portfolio changes last month:

• Suncor (SU.TO) increased their dividend payout by 100%! They increased their dividend back to the level it was before the cut the dividend in 2020. That alone increased my forward income by over $500. They increased their annual dividend from $0.84 to $1.68.
• Bought more Toronto Dominion Bank (TD.TO)
• Bought more Vanguard Emerging Market ETF (VEE.TO)
• Bought more Fairfax Financial (FFH.TO)
• Bought more National Bank (NA.TO)

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

You can get $50 of free trades (each is typically $4.95/trade) with Questrade.  The $50 free doesn’t include ETFs as those are free to purchase anyways (but not free to sell).

I love using Questrade because it’s free to buy ETFs (well there are ECN fees but we’re talking pennies and nickels here) and this allows me to dollar cost average to take the emotion (and guessing) out of investing.  Here are some of the other Questrade fees.

My forward dividend income is $21,688. Which means that I am making $2.48/hour (any hour not just working hours), or $10.43/hr if I worked 40 hours a week. I got a $0.10/hour (every hour counted per year) raise for doing absolutely nothing.

On average, this is over $1800 a month in dividend income. If you asked me 10 years ago if having passive income in the form of dividends to the tune of $1800 a month was possible (rent for a one bedroom apartment in some parts of Vancouver now), I wouldn’t have thought so.

Small habits and actions over time get you to where you want to go, it really is true.

Passive dividend income is the best form of passive income.

That’s my dividend income update, thanks for reading!

For more inspiration, follow these Canadian dividend investing blogs or read these dividend investing books.

Do you have Suncor? It’s nice to have a the dividend reinstated back to previous levels after that depressing cut!

How did October 2021 in your investment portfolio go?