We want to Retire Early with Dividends and since 2019 we have been building our Dividend Investing Strategy for Financial Independence with Dividend Income. Here are the results for December 2023, and for the first time, we can compare the results of dividend investing strategy over the last four years.
What are Dividends?
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 | $ |
|---|---|---|
| MFC.TO | Manulife | 730.00 |
| ENB.TO | Enbridge | 1,065.00 |
| AW.UN-TO | A&W Income Fund | 30.99 |
| PPL.TO | Pembina Pipelines | 1,648.50 |
| HDIV | Hamilton HDIV | 877.19 |
| HYLD | Hamilton HYLD | 600.00 |
| Total | 4,771.68 |
Dividend Investing Strategy for Passive Income – December 2023 video
Dividend Investing Strategy: Summary
- We ended the year with $50,248.29 dollars.
- Below is the breakdown over the last four years of dividend investing for comparison:
- Dec 2020: $1,356.22
- Dec 2021: $1,258.19
- Dec 2022: $2,458.06
- Dec 2023: $4,771.68
- We are at this stage because of persistence, consistency, the community we are building, and the professional services we use, including the fee-only financial planner, our accountant, the comments, e-mails, and interactions with our community and 5i Research. We leverage their experience and see what’s “out there”. If you are interested, you will have a 25% discount and 14 day trial – money back guaranteed.
