Dividend Income December 2020 – A record final month. Chronicling monthly dividend income to document the journey to financial independence.
By owning high quality stocks that pay and raise dividends, I am building a small business that will eventually cover my expenses.
To chronicle the growth of my dividend income business, and to document the journey to financial independence, I publish monthly dividend income updates.
In this post, I will report how much dividend income was earned in December 2020 and detail how much was earned in total in 2020.
Let’s get started with the highlights.
Dividend Income December 2020 Highlights
- Total dividend income in December 2020 was $86.96. (8% YoY Increase compared to December 2019).
- Year-to-date income from dividends is $621.28 (January 1, 2020 to December 31, 2020).
- 9 stocks paid dividends.
- 2020 annual dividend income is up by 10.59% over 2019.
- All-time dividend income received is $1,631.18 (June 2017 to December 2020).
- Monthly average dividend income in 2020: $51.77.
December 2020 Dividend Income Earnings: $86.96
$86.96 was earned in December 2020, which is the highest monthly sum of dividend income I’ve ever received in one month.
The previous high happened in March 2020—$86.18 was earned.
Compared to December 2019, income is up by 8% or $6.58.
Although this was a small increase, it’s still nice to set a new record.
Furthermore, this was the third month in a row of posting year-over-year increases.
Total YTD Dividend Income in 2020: $621.28
Including December’s dividend income, the total amount of dividend income received for the year is $621.28.
This represents a 10.59% increase over the $561.77 that was received in 2019.
In dollars, total dividend income increased by $59.51 over 2019.
Unfortunately, revenue growth slowed compared to the prior year. In 2018, the portfolio generated $171.58 more compared to 2017.
The slower growth was a direct result of Coronavirus. But at least dividend income and the portfolio’s value is still up over last year.
Earnings Breakdown: 9 Stocks
Nine stocks paid dividends in December 2020:
- Enbridge (Ticker: ENB)
- Fortis (Ticker: FTS)
- Suncor Energy (Ticker: SU)
- Riocan Real Estate Investment Trust (Ticker: REI.UN)
- Choice Properties Investment Trust (Ticker: CHP.UN)
- Park Lawn (Ticker: PLC)
- Coca Cola (Ticker: KO)
- SmartCentres REIT (Ticker: SRU.UN)
- NorthWest Healthcare Properties Real Estate Investment Trust (Ticker: NWH.UN)
The bulk of this month’s income was from Enbridge, as it accounted for 67% of December’s dividend income.
Of course, this is a high reliance on one single stock for income. Hence why my plan is to lower that percentage to 25% or less.
Since last quarter, I lowered the percent of income received from Enbridge from 74% to 67%. The decline was directly correlated to acquiring more shares of Fortis, which accounted for 17% of December’s income.
It should also be noted that Enbridge will still continue to grow through DRIP. One additional share of Enbridge was acquired in December through DRIP.
December Dividend Income Since 2017
- Dividend income update December 2020: $86.96
- Dividend income in December 2019: $80.38
- Total Dividend income in December 2018 : $46.74
- Dividend income in December 2017: $11.57
December has been the top month for dividend income since 2017.
Since I plan on buying more Fortis, and because Enbridge is a DRIP stock, I expect that next December will be the highest month for dividend income in 2021 as well.
Final Thoughts
Annual dividend income was up by 10.59% or $56.48 compared to 2019.
In total, $621.28 worth of dividend income was earned in 2020. I was within $6 of my goal to earn at least $627.28.
Moreover, I generated the most dividend that I’ve ever received in a single month in December 2020. $86.96 was earned in December 2020, which represents a 8% YoY increase compared to December 2019.
Nine stocks paid dividends during the month, but the bulk of dividend income was from Enbridge and Fortis.
In conclusion, it was a solid year for the portfolio considering all the challenges.
Despite a global pandemic and working a part-time job, my portfolio’s value and dividend income continued to grow.
Related Content
All Dividend Income Updates (2017 to 2020)
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.
Connect with RTC
Twitter: @Reversethecrush
Pinterest: @reversethecrushblog
Instagram: @reversethecrush_
Facebook: @reversethecrushblog
Email: graham@reversethecrush.com
2020 Goals: Year-End Recap of Financial and Blogging Goals for 2020
