Dividend Income Report August 2020 – Chronicling monthly dividend income to document the journey to financial independence.
Dividend Income Report August 2020 Highlights
- $36.47 was received in August 2020 (Down -0.27% compared to August 2019)
- $372.51 has been earned YTD (January to August 2020)
- All-time dividend income received is $1,382.61 (June 2017 to August 2020)
- This is the 39th dividend income update
Today, Reverse The Crush (RTC) announced its dividend income results for the month of August 2020.
Overall, the results show another month of proven stability during unprecedented times.
In this post, I cover how much dividend income was earned in August 2020.
Let’s dive into the report:
Dividend Income Report August 2020 – Net Earnings
In total, $36.47 was received in August 2020.
Unfortunately, income was flat compared to August 2019.
Last year, $36.57 was received, which was $0.10 more. However, this can easily be explained:
Recently, I sold Sir Royalty Income Fund (SRV.UN) because the company cut its dividend. Also, I no longer want to own restaurant stocks.
Instead, I bought Park Lawn Corporation (PLC) because it offers growth and monthly dividend income.
Related: Growth Stocks: $1,000 In Each Of These Growth Stocks Could Make You Rich
Since Park Lawn’s dividend payout is much lower, dividend income was lower in August 2020.
In total, $372.51 worth of passive dividend income has been earned year to date.
This works out to an average monthly income of $46.56 per month from dividend investing.
Revenue Breakdown
In total, 8 different companies paid dividends in August 2020:
- Royal Bank (Ticker: RY)
- Riocan Real Estate Investment Trust (Ticker: REI.UN)
- AT&T (Ticker: T)
- Vitreous Glass Inc (Ticker: VCI)
- Apple (Ticker: AAPL)
- Starbucks (Ticker: SBUX)
- Park Lawn Corporation (Ticker: PLC)
- Choice Properties Real Estate Investment Trust (Ticker: CHP.UN)
The bulk of August’s dividend income was from Royal Bank.
In total, 65% of this month’s income was from RY. Meanwhile, 13% of August’s income was from Riocan, and another 11% was from AT&T.
Most of the other positions accounted for 5% or less.
Dividend Income Report August 2020 (key stats)
- Dividend income earned in August 2020: $36.47
- Total 2020 Year to date dividend income: $372.51
- Dividend income in August 2019: $36.57
- Total Dividend income in August 2018 : $19.58
- Dividend Income August 2017: $4.59
- August 2020 YoY earnings decreased by -0.27% compared to August 2019
- Monthly Average Dividend income in 2020: $46.56
- How many stocks paid dividends in August 2020: 8
- All-time dividend income is $1,382.61 (June 2017 to August 2020)
- This is the 39th dividend income update
Outlook: $255.76 To Reach My Target
Based on my goal to earn at least $628.27 in annual dividend income, I must earn at least $255.76 more by the end of the year.
This means I need to earn an average of $63.94 per month in September, October, November, and December.
Although this goal will be challenging, I believe I will exceed this target.
Ultimately, September and December are expected to generate record income.
Plus, I have been buying stocks more aggressively as of late because of increased savings.
For the most part, I have been buying CIBC, Fortis, and Park Lawn Corporation to increase dividend income.
To increase revenue in August 2021, I plan to add to AAPL, Starbucks, Park Lawn Corporation, and Royal Bank.
Dividend Income Report August 2020 (Concluding Thoughts)
In conclusion, I received $36.47 from 8 stocks in August 2020. Year-to-date dividend income is up to $372.51.
The stocks that paid dividends this month were the following:
- Royal Bank (Ticker: RY)
- Riocan Real Estate Investment Trust (Ticker: REI.UN)
- AT&T (Ticker: T)
- Vitreous Glass Inc (Ticker: VCI)
- Apple (Ticker: AAPL)
- Starbucks (Ticker: SBUX)
- Park Lawn Corporation (Ticker: PLC)
- Choice Properties Real Estate Investment Trust (Ticker: CHP.UN)
Moreover, the bulk of this month’s income was from Royal Bank, as it accounted for 55% of the $36.47.
In order to reach my goal to earn at least $628.27 from dividend investing in 2020, I must earn at least $255.76 over the 4 remaining months of the year.
How was your dividend income for August 2020? Do you own any of the same stocks?
Related:
Dividend Income Update 27 | August 2019 | 86% YoY Growth
Dividend Income Update # 15 | August 2018
Financial Goals for 2020 | A Financial Conundrum
Dividend Income Business Update # 3 | August 2017
Growth Stocks: $1,000 In Each Of These Growth Stocks Could Make You Rich
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
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