Dividend Income Sep 2020

Our Financial Journey involves investing in companies that pay dividends. This is the first time we are sharing our dividend income. Going forward, it will be a monthly post, so you can follow our journey to Financial Independence.

Dividends breakdown

In September 2020, we received dividends from the following companies:

XEI.TOiShares S&P/TSX Composite High Dividend Index ETF0.31
CU.TOCanadian Utilities174.16
QYLDGlobal X NASDAQ 100 Covered Call ETF91.75
WFCWells Fargo35.00
REI-UN.TORioCan Real Estate Investment Trust1.20
VRE.TOVanguard FTSE Canadian Capped REIT Index ETF0.09
XEI.TOiShares S&P/TSX Composite High Dividend Index ETF0.55
BPY.UN-TOBrookfield Property Partners L.P.73.79
MFCManulife Financial168.00

Do you have US positions?

All US stocks are within the RRSP. Our strategy of investing in US stocks inside the RRSP is to take advantage of the tax treaty between Canada and the US.

Two of the positions above are US stocks (QYLD and WFC). Actually, when we release October dividends, you will not see WFC anymore as I liquidated the position and invested more on QYLD.

Why the ETF gains are so small?

We just started investing in ETFs. As we move forward, we will be increasing ETF positions, especially for Global Exposure.

2020 Dividends Summary

F.I.R.E. We Go! Dividend Income Report 2020

Dividends received in October will decrease (around $600). Some of the dividends in October will be from Telus, BCE, and Algonquin (Canadian stocks), QYLD, and Coca-Cola (US stocks).

Actually, if you’ve been following us on Instagram or Twitter, you might know we already received the dividends from Coca-Cola πŸ™‚ If you feel inclined, follow us and get to know first hand our strategy during the month.

Thanks for letting us know be part of your day and journey!

Comments on this entry are closed.

  • Money Mechanic Oct 7, 2020 @ 18:23

    Nice dividend month!! Those are some pretty big positons in CU and ENB. Do you have any kind of rule for the size of a position as a part of the whole portfolio? I generally keep individual holdings at 5%

    • firewego Oct 7, 2020 @ 19:12

      We also have the same rule, 5% of the portfolio. Right now, a few of them are above this threshold. We are deciding which ones to rebalance, especially the Canadian stocks πŸ™‚

  • Tawcan Oct 7, 2020 @ 19:06

    Congrats on a great month. You sure have big positions in CU, ENB, and MFC. πŸ™‚

    Are you reinvesting your dividends (i.e. DRIP)?

    • firewego Oct 7, 2020 @ 19:17

      Thank you, Bob πŸ™‚

      We are dripping the US positions. CU, ENB, and ENB are not dripping (smith manoeuvre).

  • Chrissy @ Eat Sleep Breathe FI Oct 8, 2020 @ 0:01

    I’m always impressed by dividend investors. So many ticker symbols and so much knowledge that I simply don’t have, LOL!

    How’s it going with the SM? Would love to read a post on that!

    • F.I.R.E. We Go! Oct 8, 2020 @ 10:40

      Hi Chrissy,

      We will be providing more content on the SM as we go, especially when we fill our taxes, seeing the benefits and the things we need to do to improve.