Dividend Stock Income Update March 2020 – New Record + 52% YoY Growth
TORONTO, April 1, 2020 – RTC (REVERSE THE CRUSH or www.reversethecrush.com) announced today its dividend income results for the month of March that ended on March 31, 2020. This is dividend income update 34.
March 2020 Highlights
- $86.18 was received in March 2020.
- 51.99% YoY increase over March 2019.
- $158.22 has been earned YTD (January to March 2020).
Although March was one of the worst months for the stock market of all time, ironically, it was a record setting month for dividend income for the RTC portfolio.
Further, it was a record setting month for blog page views and blog income from Google Adsense. But that’s for a different kind of post.
Back to dividend investing, $86.18 was received in March 2020. This is a new all time record for dividend income received in one month, and this also represents a 52% year over year increase when compared to March 2019.
Dividend Stock income received is now up to $158.22 this year from January 1, 2020 to March 31, 2020. This represents a 20% increase over dividend income at the same point in 2019, as $131.70 was earned by March 2019.
So even with the lower income in January, we are now back on track to beat dividend income in 2019. But this Coronavirus situation has presented some challenges and setbacks which will be discussed below.
Dividend Stock Income Update March 2020 Breakdown
(ENB) Enbridge: $56.70
(SU) Suncor Energy: $11.16
(FTS) Fortis: $7.64
(SRV.UN) 65 Shares of Sir Royalty Income Fund: $5.69
(REI.UN) 40 Units of Riocan REIT: $4.80
(CHP.UN) 2 Units of Choice Properties Real Estate Investment Trust: $0.19
Total: $86.18
Key Numbers – Dividend Stock Income Update March 2020 – 34
Dividend income earned in March 2020: $86.18
Total 2020 Year to date dividend income: $158.22
Total dividend income in March 2019: $56.70
YoY earnings increased by 52% compared to March 2019
Dividend income up by $58.38 since March 2018
Monthly Average Dividend income in 2020: $52.74
How many stocks paid dividends in February 2020: 6 (Up 1 since March 2019)
$470.05 to reach my target and Future Corona Challenges
Considering that my goal is to earn at least $628.27 from dividend income in 2020, I will need to earn at least $470.05 more.
This could become challenging if more companies suspend their dividend payments, or even if this prevents future dividend raises.
Although I received a dividend payment from Sir Royalty Income Fund this month, their dividend payment was suspended for the foreseeable future. This will unfortunately impact dividend income in a pretty significant way. It will slice $5.69 off the monthly totals. Overall, that investment has been a disaster, but it has taught me a lot about investing. Mainly that it’s always better to go for the better company over the higher yield.
Concluding Thoughts
Of course, the RTC portfolio is down big time over the last month, just like the rest of the market.
However, it is really only a paper loss unless I sell. In 10 years from now, when Coronavirus is a distant memory, I believe that my dividend income will be a lot higher than it is now. The proof is my results over the past few years.
In summary, the month of March 2020 was the highest month for dividend income of all time. $86.18 was earned during the month, which was a 52% YoY increase.
Moreover, if I combine this month’s dividend income and blog income, I am well into the 3 digit range per month in passive income. The pursuit of financial independence through blogging and dividend investing is beginning to become a reality in slow incremental steps.
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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