Hello and welcome to my May dividend income post. I can’t believe we are in June already time seems to be flying by. May was a good month for me in terms of investing my portfolio continued to rise and I achieved dividend growth over last year due to Power Corp moving their payment to May from June. Speaking of dividends in May I really started to feel the impact on my income from all of the cuts I have received.
12 stocks and one ETF paid me in the month. May has always been one of my smaller months. I received a total of $540.21, an 11.9% increase over May 2019. The income per account is as follows:
- RRSP $407.30
- TFSA $129.03
- LIRA $3.88
I had two US stocks pay me, here is the currency that I received the dividends in. Just a reminder to keep things simple I report the US currency as Canadian that way I don’t have to convert it to Canadian.
- USD $99.76
- CDN $440.45
|Royal Bank of Canada||$78.54||$103.68|
|Bank of Montreal||$71.00||$96.46|
|Realty Income Corp||$10.62|
A big reason for the growth for this account came from Power Corp moving their payment to May instead of June. Power Corp has already announced that they will pay the next dividends in July so it will be interesting to see August’s income. Besides Power Corp’s payment my new investments into the other stocks also paid off.
|BMO International Dividend ETF||$22.23||$39.42|
|Plaza Retail Reit||$24.61||$27.76|
|The Keg Royalties Income Fund||$28.38||$10.75|
|Canadian Apartment Properties Reit||$9.55||$9.55|
|European Residential Reit||$7.70|
|Royal Bank of Canada||$5.40|
|Bank of Montreal||$5.30|
|Boston Pizza Royalties Fund||$12.31|
Big drop in income for this month. A large majority of it was from my decision to sell Laurentian Bank a few months ago, that decision is looking look at the moment. If you look above you will notice I didn’t receive anything from Chorus Aviation like I normally would they like Inter Pipeline and The Keg Royalties Income Fund suspended or cut their dividend and May was the first month for all three of them to take effect.
|Diversified Royalty Corp||$2.22||$3.88|
|# of Shares||Forward Income|
|Diversified Royalty Corp||2||$0.40|
|Royal Bank of Canada||1||$4.32|
|Bank of Montreal||1||$4.24|
For the very first time I was able to drip one share each of Royal Bank of Canada and Bank of Montreal.
Year over Year Dividends
2020 Dividend Goal
In May as you can see I crossed the $3,000 mark for the year in dividends. I would like to see if I can reach $4,000 at the end of June but that might be a challenge now with the cuts my TFSA has received.
- Power Corp 25 shares
- Telus 10 shares
- Bank of Montreal 10 shares
- Fortis 5 shares
- Bank of Nova Scotia 5 shares
Yes surprisingly in the current environment we now find ourselves in I did in fact receive a raise.
- Algonquin Power & Utilities 10%
Unfortunately I did receive a cut as well.
- Suncor 55%
So how was your May? Please feel free to let me know in the comment section.