September 2022 Dividend Income Update

Make the slow hemorrhaging stop please! I’ve been a little afraid to look at my portfolio amount but at the same time, I find joy in updating my dividend income spreadsheet. It’s definitely a nice silver lining to the storm clouds rolling in with the market.

Most people are probably having difficult looking at their portfolios, down around 25% year to date. The people who are doing relatively okay right now emotionally, are those who have ample cash on hand (they are deploying their dollar bill troops and scooping up great buys) or those who have excellent cash flow (in order to scoop up great buys but probably at a smaller amount compared to the cash hoarder).

My husband asked me what percentage cash I have right now and I’d say about 5-10%. My husband the value investor is around 25% and he’s deployed a lot in the last few months.

I asked Twitter what percentage cash they have right now and I was surprised by the results, to be honest.

What percent cash are you right now? ?

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

I guess people are either psychologically made of steel or they know the math and know that being fully invested is the right thing to do.

Most people are fully invested.

September 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).

Here’s my August 2022 Dividend Income Update if you want to look at my dividend portfolio from last month.  The forward annual yield at that time was $26,168.

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

My September 2022 Forward Dividend Income is $27,099 and this is a 3.6 % increase from last month, or $931 increase in annual dividend income.

My “hourly rate” is now $3.09 whether I’m eating or sleeping or wiping down floors.

Or the rate is $13.02/hour if I was working a 40 hour work week.

Talk about passive income!

Here’s my June 2022 screenshot chart from Wealthica below on my 12 month performance relative to the S&P/TSX and S&P500.

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 September 2021 forward dividend income was $20,721 and my August 2022 forward dividend income is $27,099 so my YoY increase is around 31%.

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.

The Vanguard ETFs rolled out their distributions and this is primarily the reason for the big jump compared to last month. I do a trailing 12 month yield for the ETFs I have instead of looking at forwarded dividend yield.

Here are the companies and ETFs that paid dividends in September 2022. It was a slightly above average dividend payout month.

• iShares S&P/TSX Capped REIT ETF (XRE)
• iShares S&P/TSX Capped Composite ETF (XIC)
• Sunlife Financial (SLF.TO)
• Vanguard Total Stock Market ETF (VTI)
• Vanguard Specialized Fund Real Estate ETF (VNQ)
• Vanguard Emerging Market ETF (VEE.TO)
• Fortis (FTS.TO)
• Walgreens Boots Alliance (WBA)
• Suncor (SU.TO)
• Manulife Financial (MLF.TO)
• Vanguard Total International Stock Market ETF (VXUS)
• Riocan REIT (REI.UN.TO)
• BMO Laddered Preferred Shares ETF (ZPR.TO)

Dividend Portfolio Changes

• Dripped 1 share of Sunlife SLF.TO (check out how to Drip with Questrade here)
• Bought more iShares S&P/TSX REIT (XRE.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)
• Fortis (FTS.TO) increased their annual dividend by 5.61% to $2.26, this marks the 49th consecutive year of dividend increases
• Vanguard increased the VNQ distribution by 60.91% compared to the previous payout to $0.9164
• VXC ETF distribution decreased by 25.15% compared to previous payout to 0.21128 (payable October 2022)
• VTI distribution increased by 6.19% compared to last payout
• iShares XIC increased their payout by 14.71% compared to last quarter
• VEE increased their payout compared to last time by 82.59%
• VXUS decreased the payout by 52.42% compared to the last distribution

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

Stay strong, 1-2 years from now you’ll be glad you didn’t sell 🙂

How did your September go?