Dividend Investing Strategy for Financial Independence – Feb 2022

Welcome to our Dividend Investing Strategy for Financial Independence. We started the journey to Financial Independence in 2019 and paid off $60,000 in consumer debt.

Since July 2020, we’ve been tracking and sharing our journey to Financial Independence. Let’s take a look and see the results of our dividend investing strategy and the passive income received in February 2022.

Dividend Investing Strategy – Dividends breakdown

BMO.TOBank of Montreal558.60
EMA.TOEmera Inc251.09
RY.TORoyal Bank of Canada253.20
REI-UN.TORioCan Real Estate Investment Trust27.04
ABBVAbbVie Inc112.66

2022 Retire Early Dividend Income Summary

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

When comparing February 2021 with February 2022, the dividends actually decreased. We’ve made a few changes in our portfolio, by removing high-yield dividend paying stocks (including QYLD, JEPI and AT&T). Our goal for 2022 remains the same: achieve $25,000 in dividends.

Asset Allocation for Financial Independence

Here’s the breakdown for February 2022:

  • Canada: 1,443.86 (93%)
  • Global: 112.66 (7%)

Recommended links to help your Financial Independence Journey

When available, we use referral links, which means if you click one of the links in this video or description and make a purchase we may receive a small commission or other compensation.

Thanks for letting us be part of your day and journey. Stay safe!