Dividend Income Update November 2020 – Chronicling monthly dividend income to document the journey to financial independence.
Welcome, Investors.
Now that November 2020 is officially over, it’s time to report how much dividend income I received.
Overall, I’m happy to report that November 2020 produced another solid month of YoY growth.
In this post, I will look at how much dividend income was earned, which companies paid dividends, and I will analyze the year-over-year (YoY) performance.
Let’s dive into the highlights for my dividend business in November 2020:
Dividend Income Update November 2020 Highlights
- Total dividend income in November was $43.08.
- 19% YoY Increase compared to November 2019
- Year-to-date revenue from dividends is $534.32 (January 1, 2020 to November 30, 2020)
- All-time dividend income received is $1,544.22 (June 2017 to November 2020)
- Monthly average dividend income in 2020: $48.57
November 2020 Earnings: $43.08
$43.08 was earned in November 2020.
Compared to November 2019, YoY income is up by 19% or $6.73.
Most of the increase can be attributed to acquiring additional shares of Royal Bank.
There was a loss of earnings when Sir Royalty Income Fund cut its dividend.
But adding to Royal Bank made up for it.
After November’s income is factored in, annual revenue is up to $534.32 in 2020.
In comparison to the same point last year, annual income is up by $52.93.
With only one month remaining in 2020 to collect dividends, the portfolio only needs to generate $27.45 more to surpass last year’s total revenue.
Revenue Breakdown: 9 Stocks
Nine stocks paid dividends in November 2020:
- Royal Bank (Ticker: RY)
- Riocan Real Estate Investment Trust (Ticker: REI.UN)
- AT&T (Ticker: T)
- Virtreous Glass Inc (Ticker: VCI)
- Starbucks (Ticker: SBUX)
- Apple (Ticker: AAPL)
- Choice Properties Investment Trust (Ticker: CHP.UN)
- Park Lawn (Ticker: PLC)
- NorthWest Healthcare Properties Real Estate Investment Trust (Ticker: NWH.UN)
As usual, the bulk of this month’s income was from one company—Royal Bank.
In total, Royal Bank accounted for 65% of November’s dividend income.
Although I view Royal Bank as a core position, I plan to lower that percentage by adding to other existing positions and acquiring different stocks.
Otherwise, Riocan Real Estate Investment Trust accounted for 12% of this month’s income, and AT&T generated 11% of this month’s earnings.
To my own surprise, Vitreous Glass Inc brought in 4% of November’s dividend income. It’s surprising because it’s such a small position.
Despite the lower dividend payments from Apple, Starbucks, and Park Lawn, which each accounted for 2% of earnings, these positions are leading my portfolio in growth. Even though my position in Apple is small, my average cost per share is approximately $41.
Lastly, NorthWest Healthcare Properties Real Estate Investment Trust is a new addition to the portfolio.
November Dividend Income Since 2017
- Dividend income update November 2020: $43.08
- Dividend income in November 2019: $36.35
- Total Dividend income in November 2018 : $29.27
- Dividend Income in November 2017: $5.14
Dividend income has been progressing steadily and without failure since 2017.
This can mostly be attributed to selecting high quality stocks that consistently pay and raise dividends.
Based on the growth since 2017, I expect to earn at least $50 in November 2021.
Outlook: $93.95 to reach the annual target | $27.45 to surpass total dividend income in 2018
With only one month remaining to collect dividends in 2020, I am $93.95 away from accomplishing my annual target.
Considering that $80.38 was earned in December 2019, I expect the final numbers to be very close.
As for beating last year’s total income, I only need to earn $27.45 more.
Based on the size of my Enbridge position, I will surpass last year’s dividend income on December 1, 2020.
Dividend Income Update November 2020 – Final Comments
In summary, my dividend business earned $43.08 from nine stocks in November 2020.
This represents a 19% YoY increase compared to November 2019.
In total, $534.32 was earned year-to-date (January 2020 to November 2020).
To surpass total dividend income earned in 2019, I must earn at least $27.45 in December 2020.
To reach my annual target of $628.27 this year, I must earn $93.95 in December.
Based on my income projections, I expect to get very close to meeting my annual target.
Related posts:
Royal Bank of Canada Stock (RY) – A Core Position to Hold Forever
Apple (AAPL) – The Next Great Dividend Growth Stock
Starbucks (Ticker: SBUX): The Best Stock for Growth and Dividend Income
Dividend Income Update November 2019
Dividend Income Update November 2018
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
How to Make Extra Money – 7 Realistic Ways to Make Money Soon
