June 2020 Dividend Income

Hi everyone, and thank you for visiting my blog today. Today I am going to share with you my June dividend income with you. June was very busy for my investing portfolio, I made lots of stock purchases and lots of stocks paid me dividends.

In June I received dividends from 22 stocks and 2 ETFs. These paid me a combined $695.72 a 3.17% decrease over June 2019. The dividend cuts I had earlier in the year affected my results but there was one factor out of my control that caused the decrease, Power Corp normally pays in June but decided to change their payout day to May. If I had received Power Corp’s dividend my income would have been 802.72 a gain of 11.72%.

The income per account is as follows:

• RRSP  $355.66
• TFSA  $249.47
• LIRA  $90.59

I had seven 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  $123.36
• CDN  $572.36

 

RRSP

	2019	2020
Enbridge	$112.91	$128.79
Fortis	$93.15	$100.28
Lockheed Martin	$17.60	$33.60
Johnson & Johnson	$15.20	$24.24
Home Depot	$16.32	$18.00
3M Company		$14.70
Bank of America	$10.80	$12.96
Microsoft	$5.06	$10.71
Walgreen’s Boots Alliance		$9.15
XAW ETF		$3.23
Power Corp	$93.56
Inter Pipeline	$36.85
Realty Income Corp	$10.62
Total	$412.07	$355.66

New investments into 3M, Walgreen’s, Lockheed Martin, Johnson & Johnson and Microsoft helped fill in the gap from the missing Power Corp payment. I received my first ever distribution from XAW ETF they pay on a semi annual basis, my goal is to have the December distribution payment be at least triple the size of this one. I had a nice boost from Enbridge, that is all from dripping new shares quarterly and from their dividend increase.

TFSA

	2019	2020
Canadian Utilities	$65.10	$67.92
BMO International Dividend ETF	$38.79	$37.23
Plaza Retail REIT	$24.61	$27.76
Brookfield Renewable Partners		$23.19
Canadian National Railway	$8.06	$14.95
Suncor		$13.86
Inter Pipeline	$34.84	$12.36
Sun Life Financial		$11.00
SmartCentres REIT		$10.79
The Keg Royalties Income Fund	$28.38	$10.75
Canadian Apartment Properties REIT	$9.55	$9.55
European Residential REIT		$7.72
Fortis		$2.39
Chorus Aviation	$18.16
Total	$227.49	$249.47

All of my new investments helped me eke out a 9.6% gain this month compared to June 2019. Also on a sad note BMO lowered it’s distribution on this payment for the ETF I hold hopefully it doesn’t go any lower.

LIRA

	2019	2020
Enbridge	$76.75	$86.67
Diversified Royalty Corp	$2.22	$3.92
Total	$78.97	$90.59

 

DRIP

	# of Shares	Forward Income
Enbridge	3	$9.72
Fortis	1	$1.91
Diversified Royalty Corp	2	$0.40
Total	6	$12.03

It was a slow month in terms of dripped shares, glad to see 3 new Enbridge shares. Next month should pick up for me in this department.

 

Year Over Year Dividends

	2016	2017	2018	2019	2020
January	$298.97	$377.99	$436.34	$620.32	$680.27
February	$205.66	$273.04	$309.75	$455.70	$475.32
March	$249.31	$424.96	$519.44	$696.89	$808.35
April	$346.87	$403.82	$533.09	$760.67	$755.16
May	$288.53	$284.35	$369.72	$482.69	$540.21
June	$269.00	$362.19	$650.27	$718.53	$695.72
July	$367.33	$402.11	$543.91	$632.54
August	$298.23	$289.40	$388.99	$535.11
September	$285.41	$403.27	$568.42	$721.71
October	$380.23	$399.38	$546.38	$669.14
November	$293.02	$287.15	$438.59	$460.48
December	$287.58	$404.51	$689.97	$752.25
Total	$3,570.14	$4,312.17	$5,994.87	$7,506.03	$3,955.03

 

2020 Dividend Goal

 

Oh so close to that $4,000 mark I was aiming for. I’m now just $5,544.97 away from reaching my yearly goal.

Stock Purchases

June was a very busy month in this area for me, I made a lot of purchases.

• Telus   46 shares
• Go Easy  18 shares
• BCE  15 shares
• Alimentation Couche-Tard   12 shares
• Enbridge  10 shares
• Open Text  10 shares
• Enghouse  8 shares
• XAW ETF  4 shares

 

Sold Stocks

• Andrew Peller Ltd.  45 shares

 

So how was the month June for you?

Thanks

Matthew