Online Income From Home – Dividend Income Update 35 – April 2020 – Chronicling my monthly dividend income in pursuit of financial independence. Dividend investing is an easy way to earn online income from home.
April 2020 Highlights
- $28.67 was received in April 2020.
- $186.89 has been earned YTD (January to April 2020).
- Dividend income was affected by Coronavirus, as SRV.UN suspended its dividend.
If you are new to this blog, each month I add up how much dividend income I earn to document my journey to financial independence.
I chronicle my dividend income updates in hopes that it will inspire others to live on their own terms by building an income stream through dividend investing.
Let’s take a look at how much money was received from dividend investing in April 2020.
Online Income from home: Dividend Income Update 35 – April 2020
Unfortunately, this was the first dividend income update that saw the effects of the Coronavirus.
Related post: Investing during Coronavirus – Is Now the Time to Invest?
Dividend income was lower than expected due to a recent dividend suspension by Sir Royalty Income Fund. To be more exact, the suspension lowered annual dividend income by $68.28, which is $5.69 less per month.
In total, $28.67 was earned in April 2020. This was 55% lower than last April’s dividend income. Surprisingly, it was even lower than April 2018, as $39.71 was received.
Despite the lower dividend earnings, there are no concerns about the portfolio because there are perfectly reasonable explanations—a dividend suspension by SRV.UN, and because I sold a large portion of CM when I resigned.
Regarding the yearly total, annual dividend income from January to April 2020 is now up to $186.89. In comparison to the same point last year, dividend income is slightly behind by $8.74. A total of $195.63 was earned by the same point in 2019.
Dividend Stock Income Update March 2020 Breakdown
(CM) CIBC: $16.06
(BNS) Bank of Nova Scotia: $6.30
(REI.UN) 40 Units of Riocan REIT: $4.80
(KO) Coca Cola: $0.82
(RCI.B) Rogers Communications: $0.50
(CHP.UN) 2 Units of Choice Properties Real Estate Investment Trust: $0.19
Total: $28.67
Online Income From Home – Dividend Stock Income Update April 2020 – 35
Dividend income earned in April 2020: $28.67
Total 2020 Year to date dividend income: $186.89
Total dividend income in April 2019: $63.93
YoY earnings decreased by –55% compared to April 2019
Monthly Average Dividend income in 2020: $46.72
How many stocks paid dividends in February 2020: 6 (Up 2 since April 2019)
$441.38 to reach my dividend income target of $628.27 for 2020
Eventually my goal is to live off online income from home.
To live off dividends and blogging, I need to build up these two income streams to the point that they cover my expenses.
As such, I set yearly financial goals to break the process down into steps.
This year, however, since I began working part-time late in 2019, I set a more relaxed target of $628.27. To reach this target, I need to earn at least $441.38 more in dividend income during the remainder of the year.
Hopefully I’m still able to hit my target and other financial goals despite starting the first 4 months off slowly.
Online Income from Home – Dividend Income Update 35 – Concluding Thoughts
Although this was not my highest month for dividend income ever, dividend investing is still a fantastic way to earn online income from home. It is entirely passive income.
In fact, dividend income is currently supplementing my savings while I work a part-time job. My part-time job covers my expenses and provides some savings. Meanwhile, I have more time to pursue a career as a Blogger and build a 2nd income stream to go along with dividend investing. Eventually, the combination of investing and blogging will cover my expenses.
In summary, $28.63 was earned in April 2020. Total dividend income for 2019 is up to $186.89 for the year, which is slightly behind 2019 at the same point.
Dividend payments were received from CM, BNS, REI.UN, KO, RCI.B, and CHP.UN.
As of this report, the goal to earn $628.27 this year remains in tact.
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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