Dividend Investing Strategy for Financial Independence – Nov 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 November 2023, and for the first time, we can compare the results over the last four years of dividend investing strategy.

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 Bank540.00
BMO.TOBank of Montreal735.00
POW.TOPower Corporation682.50
AW-UN.TOA&W Income Fund30.99
HDIV.TOHamilton HDIV875.62
HYLD.TOHamilton HYLD638.66

Dividend Investing Strategy for Passive Income – October 2023 video

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.