September 2023 Dividend Income Update

calendar Oct 4, 2023 · 2 min read · Dividend Income Update
Photo by Micheile Henderson on Unsplash

September is historically the worst month for the stock market [1] and this September felt particularly bad. The S&P 500 is down 5% and the Nasdaq is down 5.8% during the month of September. But I took the opportunity to add to my current holdings and start new ones.

I’ve been busy being active outdoors and participating in group activities. It’s nice seeing people and being social again, though to a lesser degree than I was pre-pandemic. I still spend most of my days working remotely. I have some upcoming time off that I’m looking forward to.

In September, I received a total of $5,253 in dividends and interest. I earned a cumulative passive income of $32,334 this year. This is now more than I received at the end of 2022 and there are still 3 months left in the year. For comparison, I earned a cumulative passive income of $22,944 this time last year. At the end of 2022, I earned $31,566 in passive income. Of the dividends received this month, $2,903 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 September 2023, I used an exchange rate of 1.3520.

Account Income
Cash $963
Margin $1,940
Retirement $2,350
Total $5,253


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

  • Alimentation Couche-Tard Inc (ATD.TO)
  • Blackrock Inc (BLK)
  • Brookfield Infrastructure Corp (BIPC.TO)
  • Brookfield Renewable Corp (BEPC.TO)
  • Canadian Tire Corp (CTC.A.TO)
  • CT Real Estate Investment Trust (CRT.UN.TO)
  • Discover Financial Services (DFS)
  • Fortis Inc (FTS.TO)
  • Global X High Interest Savings ETF (CASH.TO)
  • Granite Real Estate Investment Trust (GRT.UN.TO)
  • Intact Financial Corp (IFC.TO)
  • iShares Balanced Growth Core Index ETF (XGRO.TO)
  • Lockheed Martin Corp (LMT)
  • Magna International Inc (MG.TO)
  • Methanex Corp (MX.TO)
  • Sun Life Financial Inc (SLF.TO)
  • T Rowe Price Group Inc (TROW)
  • Vanguard FTSE All-World ex-US ETF (VEU)
  • Vanguard Short-Term Bond Index ETF (BSV)
  • Vanguard Total Stock Market ETF (VTI)
  • Visa Inc (V)
  • Walgreens Boots Alliance Inc (WBA)
  • WisdomTree Floating Rate Treasury Fund (USFR)

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

  • Brookfield Corp (BN.TO)
  • Emera Inc (EMA.TO)
  • Fortis Inc (FTS.TO)
  • Realty Income Corp (O)
  • Telus Corp (T.TO)

I sold shares of the following stocks and ETFs in September:

  • WisdomTree Floating Rate Treasury Fund (USFR)

In addition to received dividends, I sold some shares of WisdomTree Floating Rate Treasury Fund (USFR) to fund the purchase of Realty Income Corp (O).

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

Dividend Income