Dividend Income June 2020 – Chronicling monthly dividend income to document how much money I make and which stocks I own.
Dividend Income June 2020 Highlights
- $75.66 was received in June 2020 (Up 30% compared to June 2019)
- $304.17 has been earned YTD (January to June 2020)
- All-time dividend income is $1,314.27 (June 2017 to June 2020)
- This is the 37th dividend income update
I am pursuing financial independence by dividend investing.
Because frankly, dividend income investing is the easiest way to build a passive income stream for financial independence.
By buying high-quality stocks that reward long-term shareholders with dividend payments, I am building an income stream that will eventually cover my expenses.
Let’s dive into my dividend income earnings for June 2020.
Dividend Income June 2020: $75.66
$75.66 in total dividend income was received in June 2020. It was the 4th highest monthly total ever.
Furthermore, it was a 30% year-over-year increase compared to $58.42 that was received in June 2019.
Overall, $304.17 worth of passive dividend income has been earned year-to-date.
After factoring in the $75.66 that was received in June, the portfolio has generated an average monthly income of $50.70 so far in 2020.
Stocks
In total, 5 stocks paid dividends in June 2020:
- Enbridge
- Fortis
- RioCan
- Suncor
- Choice Properties Real Estate Investment Trust
The bulk of this month’s dividend income is from Enbridge (Ticker: ENB).
More recently, though, I have been building up the Fortis position to become less reliant on Enbridge for income. Fortis is the perfect defensive stock for these times, and it’s an extremely reliable dividend payer. In fact, it might be the best recession stock on the TSX.
So in the future, the payments will start to appear more even.
Here is an overview of which stocks paid dividends this month:
Enbridge (ENB): $57.51
I received a total of $57.51 from ENB in June 2020 by owning 71 shares.
As of June 30, 2020, each share pays $0.81 quarterly.
In my opinion, this stock is a buy right now at its current price of $41.28 and its dividend yield that is approaching nearly 8%.
The only reason I’m not buying more is for diversification. I can’t afford to have another dividend income cut, so I am diversifying into safe dividend stocks.
Related Post: Enbridge: A High Yield Stock But Be Cautious
Fortis Inc (FTS): $8.12
In addition to my payment from Enbridge, I received $8.12 from Fortis.
Each share of Fortis pays $1.91 annually, which works out to $0.4775 per share quarterly.
I earned $8.12 in June 2020 by owning 17 shares of FTS. It was easy money.
As of June 30, 2020, I own 18 shares of FTS, and I plan on buying more. So, the next payment will already be higher.
Related post: Fortis Stock (Ticker: FTS) – An Essential Service To Increase Dividend Income
Suncor Energy (SU): $5.04
Despite the beating oil has taken in 2020, Suncor Energy continued to pay its dividend. Albeit, they recently slashed their dividend.
But at least they are paying shareholders something.
Even after the dividend was slashed, they still paid out $0.21 per share.
Since I own 24 shares, I received a total of $5.04 from Suncor.
Related post: SU Suncor Energy – Should Dividend Investors Sell After The Dividend Was Slashed?
RioCan Real Estate Investment Trust (REU.UN): $4.80
Despite the world going into a global lockdown, RioCan has continued to pay its monthly distribution to shareholders.
This is because RioCan is a well run REIT with a healthy dividend payout ratio that is approximately 65%.
Each share of RioCan pays $0.12 per month or $1.44 annually.
Since I owned 40 shares of RioCan on the ex-dividend date, I received $4.80 in June.
Choice Properties Real Estate Investment Trust (CHP.UN): $0.19
Choice Properties is a Canada-based real estate investment trust.
The main reason I own this REIT is because they are affiliated with Loblaws.
As of June 30, 2020, the cost per share of CHP.UN is $12.74.
For each share purchased, Choice Properties pays a 5.81% yield or $0.74 annually.
Since I owned 4 shares on the ex-dividend date, I received $0.19 in June 2020.
Total Dividend Income from all 5 Stocks: $75.66
Dividend Income report for June 2020 (key stats)
- Dividend income earned in June 2020: $75.66
- Total 2020 Year to date dividend income: $304.17
- Dividend income in June 2019: $58.42
- Total Dividend income in June 2018: $33.16
- Dividend Income in June 2017: $4.27
- May 2020 YoY earnings increased by 30% compared to June 2019
- Monthly Average Dividend income in 2020: $50.70
- How many stocks paid dividends in May 2020: 5 (No change)
- All-time dividend income is $1,314.27 (June 2017 to June 2020)
- This is the 37th dividend income update
$324.10 More To Reach My Income Goal
At the beginning of 2020, my dividend income target for the year was to earn at least $628.27.
Now, at the halfway mark for the year, I have earned $304.17 from dividend investing.
So I’m basically still on pace.
To reach my target dividend income number, I must earn $324.10 more from July to December 2020.
To achieve this target, I must average $54.02 per month for the rest of the year.
Given that I am investing more recently, I still think my original target is within reach.
Dividend Income June 2020 Concluding Thoughts
The first RTC dividend income update was published in June 2017. I only earned $4.27 that first month.
Since then, I have earned a total of $1,314.27 from dividend investing.
Now, equipped with a high paying part-time job, and a blog that is beginning to generate cash flow, I expect to push dividend income higher than it has ever been before.
In conclusion, I received $75.66 from 5 dividend stocks in June 2020. Year-to-date dividend income is up to $304.17.
Despite this year’s market correction, and despite the switch to part-time jobbing in 2019, dividend income appears to still be on pace to reach my income target ($628.27).
Otherwise, I’d like to hear from the readers and other dividend investors. How much dividend income did you earn in June? Do you own any of the 5 stocks I was paid from?
Related:
Dividend Income Update # 25 | June 2019 | 76% YoY Increase
677% YOY Growth! | Dividend Income Update #13 | June 2018
I am not a licensed investment or tax adviser. All opinions are my own. This post may contain advertisements by Monumetric and Google Adsense. This post may also contains 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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Email: graham@reversethecrush.com
Dividend Portfolio For Monthly Income: Q2 Review 2020
