Dividend Investing Strategy for Financial Independence – Feb 2023

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 February 2023.

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

RY.TORoyal Bank429.00
BMO.TOBank of Montreal600.60
AW-UN.TOA&W Income Fund6.50
HDIV.TOHamilton HDIV677.84
HYLD.TOHamilton HYLD387.39

Dividend Investing Strategy for Passive Income – January 2023 video

Dividend Investing Strategy: Summary

  • So far, we’ve received $6,810.44. This amount represents 17,00% or our goal of $40,000 dollars in 2023
  • Most people usually ask us how much we have invested to get to this point, and considering the companies that paid us dividends in distributions for this month, the cost basis is around $340,000