May 2023 Dividend Income Update

calendar Jun 25, 2023 · 2 min read · Dividend Income Update
Photo by Micheile Henderson on Unsplash

It has been 3 years since I started blogging about dividends. I signed up for a 3-year contract with a WordPress hosting provider. But like many of these providers and many domain registrars, the first year’s fees were low but increased over time. It shouldn’t cost this much to build a static website that has a few posts per month and receives little traffic. I did some research and found that there were numerous platforms and websites that I can use to build static websites for free. I also found low-cost domain registrars. So here we are with a new website!

In May, I received a total of $2,310 in dividends and interest. I earned a cumulative passive income of $13,682 this year. For comparison, I earned a cumulative passive income of $9,790 this time last year. At the end of 2022, I earned $31,566 in passive income. Of the dividends received this month, $2,005 was earned in my taxable account.

As a reminder, I convert any USD amount to CAD using the month-end exchange rate published by the Bank of Canada. For May 2023, I used an exchange rate of 1.3603.

Account Income
Cash $577
Margin $1,428
Retirement $305
Total $2,310


I received dividends from the following stocks and ETFs in May:

  • AbbVie Inc (ABBV)
  • Apple Inc (AAPL)
  • CT Real Estate Investment Trust (CRT.UN.TO)
  • Emera Inc (EMA.TO)
  • Granite Real Estate Investment Trust (GRT.UN.TO)
  • Mastercard Inc (MA)
  • National Bank of Canada (NA.TO)
  • Royal Bank of Canada (RY.TO)
  • Toronto-Dominion Bank (TD)
  • Vanguard Short-Term Bond Index ETF (BSV)
  • WisdomTree Floating Rate Treasury Fund (USFR)

I purchased shares of the following stocks and ETFs in May:

  • Global X High Interest Savings ETF (CASH.TO)

How did your month go? Did you buy or sell any stocks or ETFs?

Dividend Income