Dividend Income Update January 2020
TORONTO, February 1, 2020 – RTC (REVERSE THE CRUSH or www.reversethecrush.com) announced today its dividend income results for the month of January that ended on January 31, 2019. This is dividend income update 32.
January 2020 Highlights
- $33.06 was received in January 2020.
- Passive income was received from 6 Stocks.
- This is the 1st dividend income update of the year, and the 32nd dividend income update overall.
Welcome to dividend income update 32, Investors and Seekers of Independent Means.
In total, $33.06 of dividend income was earned in January 2020.
Unfortunately, it was a -37% YoY decrease, as $52.63 was earned last January (more information on why below).
Dividend Income Update December 2019 Breakdown of how I got Paid $33.06
(CM) Canadian Imperial Bank of Commerce: $14.40
(BNS) Bank of Nova Scotia: $6.30
(SRV.UN) 65 Shares of Sir Royalty Income Fund: $5.69
(REI.UN) 40 Units of Riocan REIT: $4.80
(MO) Altria: $1.68
(CHP.UN) 2 Units of Choice Properties Real Estate Investment Trust: $0.19
Total: $33.06
Key Numbers – Dividend Income Update 32 | January 2020
Dividend income earned in January 2020: $33.06
Total 2020 Year to date dividend income was: $33.06
Total dividend income in January 2019: $52.63
YoY earnings decreased by -37.16% compared to January 2019
How many stocks paid dividends in January 2020: 6 (Up 2 since January 2019)
Explaining the YoY Decrease
It’s unfortunate that the year could not start off with the same momentum as last year. However, the reason for the decrease is obvious.
After I resigned from my position at my last employer, I decided to sell the bulk of the shares to diversify into other dividend paying stocks.
So, even though January is starting off slower, the proceeds that were reinvested should pay off in February and March. Another record setting month may be expected soon.
$595.21 More to reach the $628.27 Target
Although I still have a long way to go to reach my target, at least there is less than $600 to go. Plus, I am expecting a fairly large dividend haul in March.
My original plan was to start off the year with a minimum forward dividend income of $800. But then life provided me with a part-time job. I have more time now because I work less hours, but I am still pursing FI at a slower pace.
Related Post: Slow FIRE Financial Independence Update: What it’s like to work Part-Time
As of this moment, dividend income is projected higher than the $628.27 target. But you never know how things can change from year to year.
Ideally, I’ll get more hours and side hustle income than expected so that I can keep growing the dividend business.
Dividend Income Update 32 – Concluding Thoughts
It’s looking like a challenging year overall for the markets. At least it was a challenging week and market close on Friday. But a stock correction just means stocks could be on sale.
Nevertheless, this year will be a challenging year for the dividend business now that I’m working part-time.
If I don’t find a way to earn side hustle income, or if my hours don’t increase, the only income I have for investing is from dividends. Therefore it will be difficult to make a significant revenue jump this year.
But if I can maintain the portfolio as is and grow revenue slowly through dividend raises, reinvesting dividends, and through small savings, I will be in a very good place to invest more in a year from now once my student loan is paid off.
To put it bluntly, this will be a year of slow growth unless my hours dramatically increase (they are slowly), or unless I figure out how to make a lot from blogging. Both options are welcomed and entirely possible. Both would provide extra capital to invest and grow the dividend business into a more immense cash flow machine.
This is a year that will require careful maintenance and patience before I can deploy more capital in the near future.
In conclusion, $33.06 in dividend income was earned in January 2020. Although it was a decrease, this is not a decrease that is expected to impact the goal for the year.
This post has been added to the dividend income updates page.
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, links to external sites, and links to RTC social media accounts.
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