Passive Income Report – January 2022

Throughout these updates we will go over the previous month’s dividend income, as well as our rolling 12 month projected dividend income and our progress towards our goal of having $50,000 in annual passive income. For reference, I received my first ever dividend payment in December 2017, and I immediately realized that they needed to be a prominent part of our any investment strategy.

If you’re interested in seeing December’s post click here.

So here we are, with our first update of 2022! Since there’s a day delay in receiving our dividends through our Wealthsimple Trade accounts anything we receive on Monday will actually get pushed through onto the February update.

This January was a pretty hectic one as the markets have been swinging quite remarkably, but even with a fair bit of volatility market wide our Canadian dividend stock portfolio remained fairly flat and even went up! That’s the value in buying slower moving, steady names that generate plenty of cash.

So, since we’re speaking of generating cash… Let us get on to the dividend income we received for January:

Dividends Received: $1,088.78

Starting the year off with a strong 4-figure month gets the ball rolling and that early year momentum for us.

Bringing in $1,080 would allow us to pay for our phone bills, all of our subscriptions (Spotify, Netflix, Apple TV, Disney+) as well as our home and auto insurance and we’d still likely have some cash left over!

That’s pretty amazing growth from where we were just a few short years ago.

One thing I’d also like to highlight is that we’re not “yield chasers”, we’re achieving these results all while buying great companies that have very sound track records that happen to pay dividends – the dividend yield is not something that we hunt for.

Dividends Received YoY: $1,088.78

Now, obviously since it’s January our numbers will be identical to above, so the real focus here is to compare to what we did at this point last year:

To be in our 5th full year of dividend investing and still to be getting a 45% year-over-year return when comparing this January to last is mind blowing to me. I had commented in the early days that I had expected the increases to steeply drop off over time (and they will) but it has not come to fruition as early as I’d expected.

There will come a time in a few years where we look to juice up the yield a little bit but that will be likely right before we pull the plug to leave our jobs.

Now, let’s get on to the projections:

Dividend Projection: $13,029.71

Portfolio Value: $ 378,176.21 (+$33k)
Dividend Value: $ 13,029.71 (+$550)
Portfolio Yield: 3.45 %

TThat’s all we’ve got for this month’s recap, if you’ve got questions or comments leave them below or on our social media pages:


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Thanks for stopping by,

FIC.