How to Turn the Temperature Up this Summer on your Dividends

Before we jump in my financial results for June, let’s catch up on where I’ve been and what I’ve been doing.

This month I kept busy traveling and working remotely in Sofia, Bulgaria and Tirana, Albania. My passive income and front loaded sacrifice has enabled me to dictate the terms on my work and a redline for me in 2024 was going remote at work so I could live abroad.

The weather has been scorching hot for most of June with little rain (no complaints here) and Tirana, in particular is VERY affordable, shockingly so. You can eat a full dinner all in for between $10-$14 per person at a restaurant. Lunch is a very affordable $4. Needless to say, I ate out more frequently in Tirana than I have in other cities so far on this journey.

Check out some pictures from my travels in both cities in June:

Day in the Life

Since going fully remote in Europe, my day generally looks like:

• Wake up at 7am and get ready for the day. Grab a piece of fruit on the way out the door.
• Local cafe for a coffee at 8am to read the news, check email and social media, including my dividends and place orders for equity purchases that day. I use this time to do some work for my day job.
• 11am late breakfast at the Airbnb
• Exercise + tourist sightseeing in the afternoon (perhaps with a stop at a cafe in the afternoon for a bit to do some more work for my day job).
• Dinner around 5-7pm
• Evening walk or hike from 6-9pm
• Bed by around 10-11pm.
• Repeat

June 2024 Dividend Total and Breakdown

My Dividend total for June 2024: $8,044.98

• I earned $287.32 every day from dividends.
• I earned $50.28 per hour from dividends (assuming a 9-5pm job).
• I earned $11.97 every hour of every day of the month from dividends.

Other Income Sources

My other incomes sources for this June were scarce, not including my employment income. Not included in my Dividend total for June is interest income of $28.70. This month had no Mexico vacation property income due to switching property managers. I closed on the sale of my Toronto rental property in May so there is no income from that rental reported going forward. I used the proceeds to pay off the mortgage on my Mexican property which I continue to rent out while I’m not there.

New Cash Added to my Stock Portfolio

This month I added a hefty amount of new cash to my portfolio: $10,420.31.

Reinvesting dividends plus adding sizeable amounts of new cash each month his powering my Projected Annual Dividend Income (PADI) past $80,000 this year.

Once the snowball is rolling at this size, it is gathering snow and growing at a considerable pace. In fact, from June 2021 to June 2023, my dividends experienced a 32.9% increase.

Dividend Totals from June 2021-2023

My June 2023 Dividend total was $7,588.00

Dividend Update: June 2023

My June 2022 Dividend total was $6,310.72.

Dividend Update: June 2022

My June 2021 Dividend total was $6,049.01.

Dividend Update: June 2021

Energy

1. Fortis Inc. – $418.43
2. Canadian Utilities – $461.26
3. ENBRIDGE INC – $1,324.50
4. SUNCOR ENERGY INC – $549.91
5. PEMBINA PIPELINE CORP – $433.92
6. TOURMALINE OIL CORP – $33.86
7. Brookfield Renewable Partners LP – $116.09

Technology

1. Intel – $4.43

Consumer

1. Johnson & Johnson – $15.27
2. UNILEVER PLC – $17.34

Financial

1. First National Financial – $131.69
2. MANULIFE FINANCIAL CORP – $416.80
3. SUN LIFE FINANCIAL INC – $257.58
4. GREAT-WEST LIFECO INC – $114.33
5. EQB INC – $117.77

Bonds

1. XSH – IShares Core CDN Short ETF – $5.03
2. ZFL-BMO Long Federal Bond ETF – $164.86
3. ZCS-BMO Short Corp Bond – $7.89

Index Funds/ETFs

1. ISHARES CORE MSCI ALL CTRY WORLD EX CDA INDEX ETF – $556.88
2. XSP-iShares S&P 500 Index ETF – $280.56
3. Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF – $308.18
4. EEMV-iShares MSCI Emerg Min Vol ETF – $598.81
5. IEFA-IShares Core MSCI EAFE – $900.15

Other

1. BMO LADDERED PREFERRED SHARE INDEX ETF  – $4.95
2. Brookfield Business Partners L.P. – $1.83
3. Brookfield Asset Management Ltd – $86.88
4. BN-Brookfield Corp. – $19.19
5. Brookfield Infrastructure Corp – $170.09
6. Brookfield Infrastructure Partners L.P – $143.05

REITs

1. RIOCAN REAL ESTATE INVESTMENT TRUST – $74.46
2. XRE-iShares S&P/TSX Capped REIT Index ETF – $8.87
3. CI First Asset Canadian REIT ETF – $6.35
4. H&R Real Est Inv TR  – $7.50
5. Morguard Real Estate Investment Trust – $10.18
6. Artis REIT Tr. – $8.10
7. Northwest Healthcare Prop REIT – $7.44
8. SMARTCENTRES REAL ESTATE INVESTMENT TRUST – $122.10
9. CT Reit  – $21.33
10. Canadian APT Pptys Reit – $24.17
11. Choice Properties REIT TR – $25.84
12. Primaris REIT – $2.59

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Stuff I love

Below is a list of stuff I love. The list does contain paid referral links.

WealthSimple Trade: Trade stocks at no cost / zero commission. Great if you want to buy a small amount of shares in companies on a regular basis.

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Addy: This platform enables investors who don’t want the hassle of being a landlord and/or who can’t afford pricey residential real estate, to gain access to real estate investing for as little as a $25 annual membership (something Addy recently added to their platform in terms of an upfront membership fee – note there are properties you can access without paying the membership fee but you’ll have access to fewer properties to invest in). Click my referral link.

Wealthica: A secure way to track all your investments and progress in one place, including net worth, dividend, distribution (from Real Estate Investment Trusts (REITS) for example), and interest income, etc. They also produce handy visuals so you track your financial independence goals in a visual way. (I use Wealthica everyday and I highly recommend it for my Canadian friends/readers. Use my promo code: WDDividendDaddy10 and get 10% off the yearly premium subscription).

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