Dividend Income Mar 2021

Welcome to our Financial Journey Dividend Income Update. We started the journey to Financial Independence in 2019 and paid off $60,000 in consumer debt. We got excited, and since July 2020, we’ve been tracking and sharing our journey to Financial Independence. Let’s take a look and see the dividend income received in March 2021.

Journey to Financial Independence – Dividends breakdown

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

VEE.TOVanguard FTSE Emerging Markets All Cap Index ETF4.04
REI-UN.TORioCan Real Estate Investment Trust19.12
VRE.TOVanguard FTSE Canadian Capped REIT Index ETF2.37
CU.TOCanadian Utilities Limited Class A281.91
ENB.TOEnbridge Inc400.80
MFC.TOManulife Financial Corporation257.04
XEI.TOiShares S&P TSX Composite High Dividend Index ETF Units0.83
QYLDGlobal X NASDAQ 100 Covered Call ETF118.50
ITOTiShares Core S&P Total US Stock Market ETF121.52
MSFTMicrosoft Corporation18.09
WBAWalgreens Boots Alliance Inc89.76

Youtube channel – Our Journey to Financial Independence

Here’s the video version of our Dividend Income breakdown. Scroll down to keep reading. By the way, feel free to visit our Youtube channel.

2021 Retire Early Dividend Income Summary

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

We are -3.16% since last quarter (Dec 2020). As you can see from the graphic, this is the quarter we receive the fewer dividend payments. This is a result of our asset allocation optimization, where we sold a few positions, including KO and IBM.

Year to date, we’ve received $4.214,05. Our goal is to become financially independent in 2028, receiving $40,000 per year in dividends.

Our Passive Income Strategy

Let’s examine some of the moves we’ve made with our portfolio (comparing with the last quarter – Dec 2020):

  • Canadian Utilities [CU.TO]: We increased our position by 109 shares. This move represents an 18% increase in dividends received;
  • Vanguard FTSE Emerging Markets All Cap Index ETF [VEE.TO]: This is the first time we’ve received dividends from VEE. Actually, VEE.TO and VIU.TO are the ETFs we’ve decided to invest in our international allocation. Still a small position, but growing over time;
  • Enbridge [ENB.TO]: We still owe the same number of shares (480). However, Enbridge increased its dividends last year. This increase represents a 3% increase;
  • RioCan [REI-UN.TO]: On the opposite side, RioCan decreased its dividends… and what a pay cut! We did not sell the position and hope the dividends will increase again. Since last quarter, we’ve got three more shares (dripped). With the three more shares, it is still a -48% reduction in our dividends from RioCan (last quarter we received $28.32);
  • iShares Core S&P Total US Stock Market ETF [ITOT]: This is one area of optimization in our portfolio. As you recall above, we sold a few U.S. positions and the profit was all invested in ITOT. We own 410 shares, and comparing with our last quarter, it is a 95% increase.

Asset Allocation – Financial Independence Journey

Asset Allocation – Dividends Received in 2021

Comments on this entry are closed.

  • Mr. Dreamer Apr 15, 2021 @ 17:19

    Hello! Love your breakdown and great month. Congratulations. Hopefully Riocan recovers and they increase their dividends again. The good news is that I am up 3.15% on my REI.UN average.

    Out of curiosity, do you also have a different portfolio for savings or growth stocks?

    • F.I.R.E. We Go! Apr 16, 2021 @ 9:02

      Thank you 🙂 For growth, not individual stocks, but total market ETFs. We might add two or three individual stocks along the journey, hopefully in the next years 🙂

  • Graham @ Reverse the Crush Apr 16, 2021 @ 12:07

    Excellent report! The breakdown is great. Congrats on the haul of dividend income you received in March! Your year-to-date numbers are adding up. We both received dividends from Riocan and Enbridge this month. Looks like you are well on your way to meeting your 2028 goal. Keep it up!

    • F.I.R.E. We Go! Apr 16, 2021 @ 13:09

      Thank you and congrats to you as well 🙂 thanks for letting us be part of your journey!

  • Thomas @ Retirements.com Apr 17, 2021 @ 3:43

    Greetings from the US. Thank you for sharing your dividend income report. I am not familiar with the Canadian companies. It seems that you have some broad based funds and also concentration on Enbridge. I wonder why such a concentration. Do you have a high conviction there. That company seems to be in many people’s portfolios as well.

    Also curious why you sold KO and IBM.