Dividend Income Update February 2020 74% YoY Increase
TORONTO, March 1, 2020 – RTC (REVERSE THE CRUSH or www.reversethecrush.com) announced today its dividend income results for the month of February that ended on February 29, 2020. This is dividend income update 33.
February 2020 Highlights
- $38.98 was received in February 2020.
- 74.25% YoY increase over February 2019.
- $72.04 has been earned YTD (January to February 2020).
Welcome to my monthly dividend income update, where I discuss how much money I earned from dividend investing.
In total, $38.98 was received in February 2020.
This represents a 74% year over year increase when compared to February 2019.
The bulk of this month’s dividend income was paid by Royal Bank of Canada (RY), however, a total of 7 companies paid dividends during the month.
Let’s take a closer look at February’s dividend income numbers:
Dividend Income Update February 2020 Breakdown
(RY) Royal Bank of Canada: $22.05
(SRV.UN) 65 Shares of Sir Royalty Income Fund: $5.69
(REI.UN) 40 Units of Riocan REIT: $4.80
(T) AT&T: $4.16
(VCI) Vitreous Glass Inc: $1.32
(AAPL) Apple Inc: $0.77
(CHP.UN) 2 Units of Choice Properties Real Estate Investment Trust: $0.19
Total: $38.98
Key Numbers – Dividend Income Update February 2020 – 33
Dividend income earned in February 2020: $38.98
Total 2020 Year to date dividend income: $72.04
Total dividend income in February 2019: $22.37
YoY earnings increased by 74.25% compared to February 2019
How many stocks paid dividends in February 2020: 7 (Up 3 since February 2019)
$556.23 to meet my target
Considering that my minimum dividend income target is $628.27 for 2020, I will need to earn $556.26 over the 10 remaining months of the year.
In order to achieve that target, I’ll need to earn an average of $55.62 per month.
Although it won’t work out that perfect, I’m still on schedule to meet the target. However, there will be high months and lower months. just like the market.
Next month should put the portfolio back on track though.
Concluding Thoughts
Even with all the paper losses and media coverage this past week, my portfolio continued to pay dividends.
Stocks Suffer Worst Week Since the Financial Crisis Amid Coronavirus Fears
Yes, the market will go up and down. Sometimes the shifts will seem drastic. But in the long run, the market will continue to rise. That’s why I hardly even pay attention to the media anymore.
Furthermore, I view dividend income investing as an additional income stream, and I’ve already begun to see its benefits. For example, my dividend income is funding my savings along with income from blogging so far in 2020. Even though it’s not a lot, it’s still allowing me to work less by automatically saving money for me.
In summary, I received a total of $38.98 from dividend investing this month. This represents a 74% year over year increase. Total dividend income reached $72.04 so far in 2020. Expect the pace to pick up soon.
Check out every single dividend income update here.
Related Content: Investing in Dividend Stocks – How to Build a Dividend Income Stream
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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Investing in Dividend Stocks – How to Build a Dividend Income Stream
