TORONTO, November 8, 2019 – RTC (REVERSE THE CRUSH or www.reversethecrush.com) announced today its dividend income results for the month of October that ended on October 31, 2019. This is Dividend income update 29.
October 2019 Highlights
- $33.25 was received in October 2019.
- $445.04 has been earned YTD (January to October 2019).
- Increase of $54.85 over 2018 revenue
- Dividend income is up 14.06% over last year’s income with 2 months remaining.
Another month is in the books which means it’s time to report how much dividend income was earned.
In total, $33.25 was received during the month of October 2019. Although this was a -38.54% decrease compared to October 2018, dividend income is up by $54.85 for the year. This represents a 14.06% increase compared to the $390.19 that was earned in 2018.
With 2 months remaining in 2019, and considering that December is expected to generate the highest revenue yet, I am confident that this year’s dividend income total will exceed $500.
Key Numbers – Dividend Income Update # 29 | October 2019
Dividend income earned in October 2019: $33.25
Total 2019 Year to date dividend income is now: $445.04
Dividend Income is up 14.06% compared to last year’s total income
Total dividend income in October 2018: $54.10
YoY earnings decreased compared to October 2018: Down -38.54%
How many stocks paid dividends in October 2019: 6 (Up 1 since last year)
Besides that, the portfolio’s pace is picking up in 2019: $130.86 more has been earned compared to last year by the same point.
Dividend Income Earnings Breakdown – Passive Income from 6 Companies
(CM) 10 shares of CIBC: $14.40
(SRV.UN) 65 Shares of Sir Royalty Income Fund: $6.83
(BNS) 7 shares of Bank of Nova Scotia: $6.30
(REI.UN) 40 Units of Riocan REIT: $4.80
(KO) 2 Shares of Coca Cola: $0.80
(CHP.UN) 2 Units of Choice Properties Real Estate Investment Trust: $0.12
Total: $33.25
Dividend Income Update # 29 Analysis
October 2019 was the 2nd month of 2019 that saw a YoY decline. The other was July. However, it was expected after I resigned from my position at CIBC earlier this year and sold most of my CM shares.
Prior to my resignation, I was holding roughly 55 CM shares. But now, as shown above, I am only holding 10 shares. The decision to sell 2/3 of the position was made for diversification, as RY is already the 2nd largest position in the portfolio. Albeit, I still plan on adding more to both CM and RY. They should both be in the $5,000 range.
Moreover, you may also notice another low income month from the U.S. side of the portfolio. The only dividend payer on the U.S. side in October was Coca Cola, and it was a small payment indeed.
Nevertheless, I am planning to build up the U.S. side of the portfolio slowly for RRSP tax advantages.
Related Post: Canadian Dividend Investing Strategy: Benefits of the RRSP
Concluding Thoughts
It wasn’t another record setting month like September 2019 was, but October 2019 still pushed the total for the year higher.
Although I will not earn as much dividend income as originally anticipated, I am satisfied with the results considering all the changes that have happened in 2019. I mean, I never planned to work a part-time job when I set my financial goals for 2019.
But now that the year is coming to an end, and now that I’m beginning to settle in after this year’s changes, I am hoping to reach some resemblance of balance again. It’s time to get back to work now. It’s time to focus on my real career: growing my dividend business with my part-time job and spending the rest of the time blogging.
In summary, $445.04 has been received year to date, which is $54.85 more than 2018. Meanwhile, the total for October 2019 was $33.25 worth of passive dividend income.
I look forward to tallying up the final two months of 2019!
Questions: How was your dividend income in October 2019? Do you own any of the same companies?
I am not a licensed investment or tax adviser. All opinions are my own. This post contains advertisements by Google Adsense. This post also contains internal links, affiliate links, and links to RTC social media accounts.
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Reinvestment Report | Reinvestments in September 2019
