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 | $ |
|---|---|---|
| EMA.TO | Emera | 717.50 |
| RY.TO | Royal Bank | 540.00 |
| BMO.TO | Bank of Montreal | 735.00 |
| POW.TO | Power Corporation | 682.50 |
| AW-UN.TO | A&W Income Fund | 30.99 |
| HDIV.TO | Hamilton HDIV | 875.62 |
| HYLD.TO | Hamilton HYLD | 638.66 |
| Total | 4,220.17 |
Dividend Investing Strategy for Passive Income – October 2023 video
[/bleed]Dividend Investing Strategy: Summary
- Year to date, our dividends and distributions paid us $45,476.61 dollars. Our initial goal was to achieve $40,000 in 2023. As you can see, we already reached this goal and decided to increase it to $60,000. We are at 76% of our goal with this month’s results.
- Below is the breakdown over the last four years of dividend investing for comparison:
- Nov 2020: $1,671.40
- Nov 2021: $1,953.43
- Nov 2022: $2,139.83
- Nov 2023: $4,220.17
- 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.