Our Financial Journey involves investing in companies that pay dividends. Let’s take a look and see how we did in 2020 and some considerations for 2021.
In December 2020, we received dividends from the following companies:
|RioCan Real Estate Investment Trust
|Vanguard FTSE Canadian Capped REIT Index ETF
|Canadian Utilities Limited Class A
|Manulife Financial Corporation
|Global X NASDAQ 100 Covered Call ETF
|IBM Common Stock
|iShares Core S&P Total US Stock Market ETF
|Walgreens Boots Alliance Inc
December was a good month in terms of dividends, especially the money received from our US stocks. We do have a small position with INTC, which we will sell in January and allocate this money somewhere else.
We also received for the first time dividends from ITOT, which is an ETF that tracks the total US market. The amount is low, however, we see it more as a dividend growth stock.
2020 Dividends Summary
The graphic above shows the breakdown for 2020 since we started tracking the numbers with you. We’ve learned so much in 2020, and there’s a lot more to learn in 2021. Gean is a visual guy, and always like playing with numbers and transforming that into something visual to help us understand where we are:
The graphic is self-explanatory, and as you can see, there’s a lot of dividends received from our Canadian exposure, and should we say nothing from the Global exposure? 🙂 Don’t get us wrong, dividends are always good, and we are aware that Canada represents only about 4% of the global market.
Actually, the 75% above is not shocking to us. The amount of money invested in Canadian stocks is higher due to the Smith Manoeuvre, where we only use the money to buy Canadian Dividend Stocks.
2021 goal? Increase both the US and Global Exposure, and keep buying Canadian stocks.
2020 Dividend Income
Our goal is to reach $40,000 per year in dividends. We are happy to share that we ended 2020 with $4,634.56, representing 11.59% of our goal. Since we started our journey to Financial Independence only 6 months ago, we never thought we would be ending 2020 with 11.59%, we had thought we may reach 3%!
Let’s be honest: Part of this is luck. We’ve never experienced the stock market rebound so fast! Through the ups and downs, we stuck to our plan, and didn’t panic, we continued to buy stocks no matter what.
Thanks for letting us be part of your day and journey! Stay safe!