Dividend Income Update September 2020

Dividend Income Update September 2020 – Chronicling monthly dividend income to document the journey to financial independence.

There are many great investment strategies available to choose from.

However, no investment strategy is as business-like as dividend investing.

As a dividend investor, your main objective is to acquire stocks that pay dividends.

Frankly, it’s a lot like having your own small business.

Ultimately, this is why dividend investing is my main investment strategy.

In this post, I will review my dividend business performance for the month of September 2020.

Let’s look at how much income was received.

$78.08 was received in September 2020
$450.79 was earned YTD (January to September 2020)
All-time dividend income received is $1,460.69 (June 2017 to September 2020)
Monthly Average Dividend income in 2020: $50.07

Net Earnings of $78.08

$78.08 was received in September 2020.

This works out to a year-over-year growth rate of -0.95%, or $0.75 less than September 2019.

However, annual revenue is still up by $39 overall (January to September). Total dividend income received year-to-date is $450.79 compared to $411.79 at the same point last year.

Overall, average monthly income is $50.07 per month.

Revenue Breakdown: 6 Stocks

6 different stocks paid dividends in September 2020:

Enbridge (Ticker: ENB)
Fortis (Ticker: FTS)
Suncor Energy (Ticker: SU)
Riocan Real Estate Investment Trust (Ticker: REI.UN)
Park Lawn (Ticker: PLC)
Choice Properties Investment Trust (Ticker: CHP.UN)

As shown in the pie chart above, the bulk of September’s income was from Enbridge. In total, Enbridge accounted for 74% of revenue.

Secondly, Fortis accounted for 12% of September’s dividend income.

Otherwise, Suncor Energy and Riocan each accounted for 6% of September’s dividend income. Meanwhile, Park Lawn and Choice Properties Investment Trust each contributed 1% of September’s total revenue.

Year-Over-Year Performance

Dividend income in September 2019: $78.83
Total Dividend income in September 2018 : $38.79
Dividend Income in September 2017: $8.28

Outlook: $177.68 To Reach My Target

Based on my goal to earn at least $628.27 in annual dividend income, I must earn at least $177.68 more by the end of the year.

Furthermore, I must earn an average of $59.23 per month in October, November and December.

It will be challenging, but not impossible.

Dividend Income Report September 2020 (Concluding Thoughts)

In conclusion, my dividend business generated $78.08 in September 2020.

Subsequently, $450.79 was earned year-to-date.

In total, 6 different stocks paid dividends during the month. But the bulk of September’s income was from Enbridge, as it accounted for 74% of revenue. Otherwise, Fortis contributed 12% of the total amount.

Unfortunately, it was not a year-over-year beat, as income was down -0.95% compared to September 2019.

However, year-to-date income is still ahead of 2019 by the same point.

Moving forward, I expect to earn more than $600 by the end of 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.

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Dividend Income Update September 2020