Dividend Investing Strategy for Financial Independence – Mar 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 March 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

ITOTS&P 500 ETF276.32
AW-UN.TOA&W Income Fund22.96
HDIV.TOHamilton HDIV678.38
HYLD.TOHamilton HYLD604.38

Dividend Investing Strategy for Passive Income – January 2023 video

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.