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 | $ |
|---|---|---|
| MFC.TO | Manulife | 730.00 |
| ENB.TO | Enbridge | 887.50 |
| PPL.TO | Pembina Pipelines | 1,201.05 |
| AW.UN-TO | A&W Income Fund | 39.99 |
| HDIV.TO | Hamilton HDIV | 872.00 |
| HYLD.TO | Hamilton HYLD | 645.34 |
| Total | 4,375.88 |
Dividend Investing Strategy for Passive Income – September 2023 video
[/bleed]Dividend Investing Strategy: Summary
- Year to date, our dividends and distributions paid us $35,846.16 dollars. Our initial goal was to achieve $40,000 dollars in 2023. As you can see, we are not far away, and by mid-year decided to bump it up to $60,000 dollars. It is certain that we won’t achieve the $60,000 dollars in dividends in 2023, however, we will get there at some point in 2024. With this month’s results, we are at 60% 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:
- Sep 2020: $889,10
- Sep 2021: $1,156.50
- Sep 2022: $2,279.21
- Sep 2023: $4,375.88
- If you are new to investing, you will change your philosophy as you learn what works for you. By comparing 2020 with 2024, we kept only two stocks (Enbridge and Manulife)
- 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.