We only have two more months left of 2022. October had been rough for the financial markets, my 1 month returns really look like a roller coaster. However, by the end of October, things had really picked up, it has been refreshing to see a sea of green two days in a row, even.
I anticipate by year end I will hover somewhere around $28,500 in forward dividend income.
I had a rough few days at work (normally I quite enjoy it) and the thought actually popped into my head, could I last another 10-15 years of this?
I think I could but it would be nice to have the option to leave earlier if needed.
My anticipated “retirement” age is probably around 50 to 55 where my kids will be older and they won’t need braces anymore (I just love my extended benefits plan), and they will possibly be going to post-secondary education. I will hopefully be healthy enough to travel at that time.
Anyway, having that work optional choice is what drives me to continue building up my investment portfolio, in case I decide to throw in the towel earlier than anticipated.
October 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 September 2022 Dividend Income Update if you want to look at my dividend portfolio from last month. The forward annual yield at that time was $27,099.
A few notes: I leave the US dividends received/ estimated as a 1:1 US and CAD dollar exchange to keep thing simple.
My October 2022 Forward Dividend Income is $27,542 and this is a 1.6% increase from last month, or $443 increase in annual dividend income.
My “hourly rate” is now $3.14 whether I’m eating or sleeping or wiping down floors.
Or the rate is $13.24/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 October 2021 forward dividend income was $21,688 and my October 2022 forward dividend income is $27,542 so my YoY increase is 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
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 October 2022. It was an above average dividend payout month.
- iShares S&P/TSX Capped REIT ETF (XRE)
- Telus (T.TO)
- Vanguard ex-Canada ETF (VXC.TO)
- Altria (MO)
- TD Bank (TD.TO)
- Riocan REIT (REI.UN.TO)
- BMO Laddered Preferred Shares ETF (ZPR.TO)
Dividend Portfolio Changes
I was pretty active in October. I went “shopping” a lot and deployed some capital.
- I bought more Vanguard Emerging Market ETF (VEE.TO)
- I bought more Fortis (FTS.TO)
- I bought more VNQ Vanguard Real Estate ETF
- I also picked more Vanguard ex-Canada ETF (VXC.TO)
- I bought more Vanguard Total Stock Market ETF (VTI)
- iShares S&P/TSX REIT index ETF (XRE.TO) Increased their distribution to 0.057 per month from 0.054 per month, representing a 5.56% increase.
- SLF Sunlife increased their dividend by about 4.3% from 0.69/share to 0.72/share per quarter in early November
Here are some of my favourite five Canadian dividend stocks if you’re interested.
How did your October go?
What are are you planning to retire your 9-5?
GYM is a 30 something millennial interested in achieving financial freedom through disciplined saving, dividend and ETF investing, and living a minimalist lifestyle. Before you go, check out my recommendations page of financial tools I use to save and invest money. Don’t forget to subscribe for blog updates, a free dividend yield spreadsheet, and the free Young Money Bootcamp eCourse.