Dividend Income Jan 2021

Our Financial Journey involves investing in companies that pay dividends. Let’s take a look and see the dividend income received in January 2021.

Dividends breakdown

In January 2021, we have received dividends from the following companies:

T.TOTELUS Corporation253.63
AQN.TOAlgonquin Power & Utilities Corp171.01
BCE.TOBCE Inc.288.05
VIU.TOVanguard FTSE Developed All Cap ex N Amer Idx ETF11.13
XEI.TOiShares S&P/TSX Composite High Dividend Index ETF1.91
VRE.TOVanguard FTSE Canadian Capped REIT Index ETF2.38
REI-UN.TORioCan Real Estate Investment Trust28.44
QYLDGlobal X NASDAQ 100 Covered Call ETF335.52
NHINational Health Investors Inc112.46

Youtube channel – Our journey to Financial Independence

We start 2021 with new goals, including our Youtube channel. Actually, we already posted a video with January 2021 Dividend Income:

We are trying to decide what is the best approach, if we should keep writing posts about the dividends, or if the videos are enough. Either way, as you can imagine, it is a lot of work to keep so many social media accounts up to date, optimize the financial independence strategy, work, and post 🙂

2021 Dividends Summary

F.I.R.E. We Go! Dividend Income Report

The graphic above shows the breakdown since we’ve started tracking the numbers with you. Even though we’ve received $1,204.53 in dividends, this number is 68% higher compared with the last three months (October 2020).

You might ask: how this is possible?

We’ve increased our positions in a few stocks, including Algonquin, BCE, Telus, and QYLD). We keep optimizing our investments, and for 2021 we expect to reduce QYLD, and instead, buy an ETF that tracks the total US market. More on this subject and the rationale behind it in another post.

Asset Allocation – Financial Independence Journey

Asset Allocation – Dividends Received in 2021

We understand Canada represents only 3-4% of the total market. If compared with last month, we’re down from 75% to 62%. This fluctuation will persist for a while, as the number takes into consideration the dividends received each month.

Our goal is for Canada to represent 50% of the portfolio. Still quite a lot, however, there are benefits in investing in Canadian dividend stocks. Not only that, but we also need to take into consideration the pros/cons of the Smith Manoeuvre. As we learn more about this strategy, we will make changes to our portfolio, and perhaps include a few ETFs. In the meantime, the plan remains: buy and hold.

Before we go, we wonder what would be your preference. Should we keep the monthly posts AND the video on YouTube? What are your thoughts?

Thanks for letting us be part of your day and journey. Stay safe!

Comments on this entry are closed.

  • Passivecanadianincome Feb 17, 2021 @ 10:03

    Congrats guys.

    Love how chunky those payments are.

    Do you drip or reinvest the money yourself?
    Personally I like sites more than YouTube but everyone is different.

    Keep it up

  • Gean @ F.I.R.E. We Go! Mar 1, 2021 @ 8:29

    Hey PassiveCanadaIncome,

    Thanks for the comment. ETFs and US stocks we drip. The Canadian Stocks we don’t (due to the Smith Manoeuvre). However, we cycle the money through and when the money is back in our brokerage account, we buy stocks again. Which one? It depends on our allocation, which one is on sale, etc. Having said that, the ones we buy are Canadian stocks.

    Stay safe!