Here’s an excerpt from Wikipedia: A dividend is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business (called retained earnings). The current year profit as well as the retained earnings of previous years are available for distribution; a corporation is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash (usually a deposit into a bank account) or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets.
Passive Income Breakdown
| Ticker | Name | $ |
|---|---|---|
| AQN.TO | Algonquin | 287.02 |
| T.TO | Telus | 667.09 |
| TD.TO | TD Canada | 960.00 |
| BCE.TO | Bell Canada | 774.00 |
| AW-UN.TO | A&W Income Fund | 24.14 |
| HDIV.TO | Hamilton HDIV | 679.05 |
| HYLD.TO | Hamilton HYLD | 737.54 |
| Total | 4,128.84 |
Dividend Investing Strategy for Passive Income – April 2023 video
[/bleed]Dividend Investing Strategy: Summary
- We’ve received $14,138.82, which represents 35.35% of our goal of reaching $40,000 dollars in 2023.
- Positions we increased: TD Canada, HYLD Hamilton ETF, Bell Canada, and A&W Income fund.