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:
| Ticker | Name | $ |
|---|---|---|
| XEI.TO | iShares S&P/TSX Composite High Dividend Index ETF | 0.31 |
| CU.TO | Canadian Utilities | 174.16 |
| ENB.TO | Enbridge | 344.25 |
| QYLD | Global X NASDAQ 100 Covered Call ETF | 91.75 |
| WFC | Wells Fargo | 35.00 |
| REI-UN.TO | RioCan Real Estate Investment Trust | 1.20 |
| VRE.TO | Vanguard FTSE Canadian Capped REIT Index ETF | 0.09 |
| XEI.TO | iShares S&P/TSX Composite High Dividend Index ETF | 0.55 |
| BPY.UN-TO | Brookfield Property Partners L.P. | 73.79 |
| MFC | Manulife Financial | 168.00 |
| Total | 889.10 |
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
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 🙂 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.
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%
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 🙂
Congrats on a great month. You sure have big positions in CU, ENB, and MFC. 🙂
Are you reinvesting your dividends (i.e. DRIP)?
Thank you, Bob 🙂
We are dripping the US positions. CU, ENB, and ENB are not dripping (smith manoeuvre).
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!
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.