Dividend income July 2021: Chronicling monthly dividend income to document how much passive income was earned and which stocks paid dividends. For the record, I am not a licensed advisor and this post is not investment advice. Additionally, this article may contain affiliate links.
Another month has passed, so it’s time to report how much dividend income was earned in July 2021.
Although I did not set a new record for income in one month, I did achieve my highest rate of year-over-year growth so far this year.
This is a good sign of things to come, because it indicates that my dividend income is beginning to grow faster.
In other words, I’ve been saving and investing more money. And perhaps my dividend income is beginning to snowball.
Furthermore, it was my seventh month in a row of achieving year-over-year growth.
In this article, I will reveal how much dividend income I earned in July 2021, and show you which stocks paid dividends.
Let’s dive right in.
Dividend Income July 2021 Highlights
- Total dividend income in July 2021 was $53.48
- 68% year-over-year (YoY) increase compared to July 2020
- Year-to-date income from dividends is $404.21 (January 1, 2021 to July 31, 2021)
- All-time dividend income received is $2,035.39 (June 2017 to July 2021)
- Monthly average dividend income in 2021: $57.74
- $1.73 per day in dividends was earned in July 2021
- 7 months in a row of YoY growth
- Highest YoY increase in 2021
Dividend Income July 2021 Earnings – $53.48
In total, $53.48 was received in dividend income in July 2021.
This represents a 68% year-over-year increase compared to July 2020. During the same month last year, $31.87 was received, which was $21.61 less.
The increase is mainly a result of acquiring Algonquin Power & Utilities Corp (AQN). I acquired 50 shares of AQN since last quarter.
Otherwise, Cisco (CSCO) was another new stock in the portfolio that pushed income higher since last quarter.
Compared to last quarter (April 2021), dividend income increased by a blistering 26.55%. If I can maintain that rate of quarterly growth, dividend income will be a lot higher by the end of the year.
After factoring in July’s results, total year-to-date (YTD) income is up to $404.21. This is up by $68.17 or 20% compared to the same point last year.
Stocks That Paid Dividends
Twelve stocks paid dividends in July 2021. This is up two compared to the previous quarter, and up by five over July 2020.
Here are the twelve stocks that paid dividends in July 2021:
- Telus (Ticker: T.TO)
- Altria Group (Ticker: MO)
- Algonquin Power & Utilities Corp (AQN)
- Bank Of Nova Scotia (Ticker: BNS)
- Riocan REIT (Ticker: REI.UN)
- SmartCentres REIT (Ticker: SRU.UN)
- Cicso (CSCO)
- Choice Properties Investment Trust (Ticker: CHP.UN)
- Park Lawn (Ticker: PLC)
- Rogers (Ticker: RCI.B.TO)
- NorthWest Healthcare Property REIT (Ticker: NWH.UN)
- Savaria Corporation (Ticker: SIS)
January, April, July, and October are becoming the most balanced months for income distribution, which is a good thing.
The four stocks that led the way were Telus, Altria Group, Algonquin Power & Utilities Corp, and Bank of Nova Scotia.
Telus accounted for 31% of total income, which is still slightly higher than I’d like to see. But it’s better than last month where Enbridge accounted for 66% of overall income.
As for the others, Altria Group generated 22% of total dividend income, the newly-acquired Algonquin Power & Utilities generated 15%, and Bank of Nova Scotia provided 12% of income.
The other eight stocks generated 6% or less of total income. However, it is likely that my stake in Cisco will increase.
Outlook – $345.79 To Achieve My 2021 Dividend Income Target
At the beginning of 2021, I set a modest goal to earn at least $750 in dividends.
Now, just past the halfway point of the year, I have received a total of $404.21 in dividends.
As such, I still need to earn $345.79 more to reach this target. This works out to $69.16 per month.
Based on my forward dividend income projections for the rest of the year, I should have no problem reaching this target.
In fact, it’s likely that I will absolutely crush this goal.
At the end of July, my forward annual dividend income is projected at approximately $780. That is after adding $42.62 worth of dividend income last month.
If I keep up that pace per month, my dividend income will grow by $213.10 annually by the end of 2021.
But it gets better—I will be able to add double or triple that amount per month over the next two months.
In short, I will be able to save a lot more than originally expected. Because I work part-time, I set a modest savings target of $3,000 for the year. It’s not a lot, I know. But since I paid off my student loan and I’m earning more than expected this year, I’ve already surpassed my 2021 savings goal. What’s more is that I will be able to save more than $3,000 in just a single month in September. I will likely be putting another $5,000 to work over the next two months.
So that’s why I believe I will have no trouble obliterating my 2021 dividend income target.
Portfolio Activity In July 2021
As mentioned above, I increased my forward annual dividend income by $42.62 in July 2021.
This was achieved by investing $1,417.17 into the market during the month.
The majority of the investment income was from my job. However, this amount also includes dividend income and 10% of my blog income.
The Canadian trades occurred in my TFSA, and the USD trades occurred in my RRSP. All my Canadian trades are zero commission trades. As for my RRSP, I use credit card points to get most trades for free.
If you are looking for a zero commission broker to invest with, I would recommend Wealthsimple. Alternatively, if you are looking to be more active with managing your portfolio, I would recommend Questrade for your brokerage.
As per usual, I did not sell any stocks this month.
Here is a summary of my July 2021 activity:
- Added significantly to AQN
- Added to RY
- Initiated a position in SHOP (fractional shares)
- Added to FTS
- Added to NHH.UN
- Initiated a position in CSCO
- Added to SBUX
- Initiated a position in ABBV
As you can see, I was fairly active in July 2021. Whenever I have new money to invest, I automatically dollar cost average it into quality stocks. Now that I can buy fractional shares in my Wealthsimple account, I invest small amounts of money into Shopify.
Dividend Income July 2021 – Final Thoughts
In summary, I received $53.48 in dividends in July 2021.
This represents a 68% year-over-year increase compared to July 2020. This was the highest rate of growth achieved this year.
Furthermore, this was my seventh month in a row of year-over-year growth.
Consequently, the portfolio has generated a total of $404.21 this year.
Based on my forward dividend income projection and how much savings I expect to invest over the next few months, I expect to crush my annual target of $750. I also expect the strong year-over-year growth to continue.
How was your dividend income in July 2021? Did you get paid from any of the same stocks?
I’d love to hear about your dividend income in the comments below.
Check Out These Related Articles On Dividend Investing
All Dividend Income Updates Since June 2017
Dividend Income Report July 2020 – 117% YoY Growth
Dividend Income April 2021 – 47% YoY Growth
I am not a licensed investment or tax adviser. All opinions are my own. This post may contain advertisements by Monumetric. This post may also contain internal links, affiliate links to BizBudding, Amazon, Bluehost, and Questrade, links to trusted external sites, and links to RTC social media accounts.
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Percentage Of Income Saved In June 2021: 32%
