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 | $ |
|---|---|---|
| AW-UN.TO | A&W Income Fund | 30.99 |
| TD.TO | TD Canada | 1,440.00 |
| BCE.TO | Bell Canada | 774.00 |
| T.TO | Telus | 1,090.80 |
| AQN.TO | Algonquin | 443.01 |
| QQQ | Nasdaq 100 ETF | 111.59 |
| HDIV.TO | Hamilton HDIV | 873.57 |
| HYLD.TO | Hamilton HYLD | 646.34 |
| Total | 5,410.30 |
Dividend Investing Strategy for Passive Income – October 2023 video
[/bleed]Dividend Investing Strategy: Summary
- Year to date, our dividends and distributions paid us $41,256.44 dollars. Our initial goal was to achieve $40,000 in 2023. As you can see, we are not far away, and mid-year decided to bump it up to $60,000. Certainly, we won’t achieve the $60,000 in dividends in 2023, however, we will get there at some point in 2024. With this month’s results, we are at 68% of our goal.
- For the first time since we started investing in dividend stocks, we can see the results over the last four years. Here are a few numbers for comparison:
- Oct 2020: $717.84
- Oct 2021: $1,053.98
- Oct 2022: $2,426.50
- Oct 2023: $5,410.30
- 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.