Dividend Income Update : March 2020

      

The month of March 2020 is another month of dividend income landing in my accounts. Recently, I switched my pay yourself first model to concentrate a little on debt repayment.  The interest on debt is 7.16% 5.66% plus the insurance on the debt.  The decrease in the interest rate is a result of emergency rate cutes by the Bank of Canada over the COVID19 pandemic.   I currently pay myself 10% of income from job(s) and non-registered accounts to my TFSA.  The TFSA income is staying within the account.  I will deviate the 10% to savings account instead of to TFSA if a large expense comes up like a dental appointment. 

Note:  All the dividends and totals below are in Canadian Dollars. 

       

 Non-registered Accounts

• Enbridge (ENB) - $21.29 (Transfer Agent)
• Enbridge (ENB) - $243.00 
• Enerplus (ERF)  -$ 5.58
• Intertape Polymer Group (ITP) - $10.31
• Shaw Communications (SJR.B)  - $19.75

Subtotal : $299.93

TFSA

• A&W Royalties Income Fund (AW.UN) - $6.04
• Boston Pizza Royalties Income Fund   (BPF.UN) - $24.07
• Brookfield Renewable Partners (BEP.UN) - $24.69
• Canadian National Railway (CNR) - $21.85
• Cominar REIT (CUF.UN) - $13.32
• Enbridge (ENB) - $26.73
• Killam Properties REIT (KMP.UN) - $16.61

Subtotal: $133.31

Total = $433.24

 I received a total of $433.24 in dividend income for the month of March 2020.  This represents a 2.15% decrease from 3 months ago and 12.5% decrease year over year.  

 The decrease from 3 months ago is less than 3%.  Boston Pizza Royalties Income Fund announced a distribution decrease from $0.115 per unit monthly to $0.102 per unit. Cineplex did not pay a dividend in March and won't going forward as it is in the process of trying to satifsy conditions in regards to being sold to Cineworld for $34 per share.  The deal has not been finalized yet but has shareholder approval from both companies.  

 I received dividend / distribution income from 10 different companies.   

  I received $0.00 in option premiums within my investment accounts in March 2020.

Below is a visual of my dividend totals for the last 5 years.  

I will update my dividend income tab with the new amount.  I will include my option premium income also.  It is great to see money from passive income sources deposited into my brokerage account every single month.

How was your dividend income for March 2020?

Disclosure : Long all mentioned securities

DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.