November 2020 Dividend Income

Hey fellow investors, welcome to my November dividend income post. I hope you all had a great month, the stock market continued its tear and soared my portfolio to a new high of $199,083.05. In November the value grew 10.84% probably my biggest ever gain. Coming off of a fantastic month like October where I received a record income November felt very very slow to me. Normally it is a low income month but in October I had 12 stocks and one ETF pay me, November saw me receive payments from just 5 stocks and the one ETF.

I received a total of $499.99 in dividend income just one cent shy of $500 which is a pretty good total.The breakdown per account is as follows.

  • RRSP $331.14
  • TFSA $168.85

I had two US stocks pay me in the month, so here is the currency in which I received the dividends in. To keep things simple I report the US currency as Canadian, that way I don’t have to convert it.

  • USD $126.72
  • CDN $373.27

RRSP (Registered Retirement Savings Plan)

20192020
Royal Bank of Canada$100.80$105.84
Bank of Montreal$93.73$98.58
AbbVie$71.69$92.04
Texas Instruments$20.70$34.68
Realty Income Corp$10.67
Total$297.59$331.14

Income grew at 11.27% this month due mainly to my new investment in AbbVie and Texas Instruments. My banks say a little growth from their last dividend increases Bank of Montreal (last November) and Royal Bank in February.

TFSA (Tax Free Savings Account)

20192020
Bank of Montreal$56.18
Royal Bank of Canada$43.20
iShares Capped REIT ETF (XRE)$41.76
The Keg Royalties Income Fund$28.76$15.35
Inter Pipeline$34.91$12.36
BMO International Dividend ETF$38.79
Chorus Aviation$18.40
European Residential REIT$3.94
Plaza REIT$24.96
Canadian Apartment Properties REIT$9.55
Total$159.31$168.85

Income growth came in at 5.99%, with all of the changes I made in September I wasn’t sure what the number would look like. I relied on the banks big time for this account as well. I’m hoping in 2021 the economy will improve enough to see Chorus Aviation reinstate their dividend and for The Keg Royalties Income Fund to return their distribution to where it was before the pandemic began.

DRIP (Dividend Reinvestment Plan)

# of SharesForward Dividend Income
Royal Bank of Canada1$4.32
Bank of Montreal1$4.24
Total2$8.56

At the moment I am only doing the DRIP in two of my accounts RRSP and LIRA and using the cash in my TFSA to buy stocks when I want. With the recent run up in share prices I was wondering if I would be able to drip a new share of my bank stocks, thankfully the share price was just under my dividends received and I got those new shares.

Year Over Year Dividend Comparison

Second straight month of growth for the portfolio. Can I make it three next month?

2020 Dividend Goal

The needle is close to the orange now meaning in my view that the year will show positive growth in my dividend income for the year. That being said I am just $87.31 away from surpassing my 2019 total, on December 1st I will definitely achieve this as Enbridge and Fortis pay me on that date.

Stock Purchases

Made three purchases in the month.

  • iShares Core MSCI All Country World ex-Canada Index ETF 7 shares
  • Telus 6 shares
  • Enbridge 3 shares

Dividend Increases

Received one raise in the month.

  • Telus 6.8%

How was your November?

Thanks for reading!

Matthew

7 thoughts on “November 2020 Dividend Income

  1. Thanks for sharing Matthew, my dividends was not that big In November. Been looking into Canadian banks, they look quite solid.

    Like

  2. All those investments in cheap stocks during the pandemic is finally starting to pay off. All these stocks demonstrated nice returns on the rebound! Dude! Almost 200K portfolio value. That’s what counts the most! Can’t wait to see how you do in December. You should surpass the orange section.

    Liked by 1 person

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