Dividend Investing Strategy for Financial Independence – Sep 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 September 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

PPL.TOPembina Pipelines1,201.05
AW.UN-TOA&W Income Fund39.99
HDIV.TOHamilton HDIV872.00
HYLD.TOHamilton HYLD645.34

Dividend Investing Strategy for Passive Income – September 2023 video

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.