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 | $ |
|---|---|---|
| ENB.TO | Enbridge | 887.50 |
| MFC.TO | Manulife | 730.00 |
| ITOT | S&P 500 ETF | 276.32 |
| AW-UN.TO | A&W Income Fund | 22.96 |
| HDIV.TO | Hamilton HDIV | 678.38 |
| HYLD.TO | Hamilton HYLD | 604.38 |
| Total | 3,199.54 |
Dividend Investing Strategy for Passive Income – January 2023 video
[/bleed]Dividend Investing Strategy: Summary
- Last month, A&E paid us 6.50 and this month, 22.96. Why? We had a lot of exposure to the financial sector and tried to cut a bit of that with POW. We still have POW, but since A&W pays monthly, we decided to invest into our TFSA. We found A&W because we’re using 5i Research. If you are interested, you will have a 25% discount and 14 day trial – money back guaranteed.