The month of May 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. Right now, I am paying myself 15% to my margin account and 10% towards line of credit. The latter is not actually paying yourself first, but that is the percentage of income I am putting on my debt. I am looking to make another purchase in margin account.
Note: All the dividends and totals below are in Canadian Dollars.
Non-registered Accounts
- Bank of Montreal (BMO) - $90.10
- Emera Inc. (EMA) - $61.25
- Enerplus (ERF) - $7.32
- Shaw Communications (SJR.B) - $19.75
Subtotal : $178.42
TFSA
- Cominar REIT (CUF.UN) - $13.44
- Killam Properties REIT (KMP.UN) - $17.11
- Royal Bank of Canada (RY) - $60.48
Subtotal: $91.03
Total = $269.45
I received a total of $269.45 in dividend income for the month of May 2020. This represents a 15.6% decrease from 3 months ago and 16.96% increase year over year.
The decrease from 3 months ago was rather large. Three monthly payers suspended their dividends a few months ago.
Boston Pizza Royalties Income Fund (BPF.UN) and A&W Royalties Income Fund (AW.UN) suspended their distributions due to uncertainty over COVID19. A&W had to close their doors to inside sitting and basically do only drive thru or use 3rd party companies for deliveries. Some of their restaurants had to close as they were located inside a mall in a food court setup. At Boston Pizza, you could walk in to get your order as they do not have drive thru at their locations.
The third monthly payer to stop their dividend was Cineplex (CGX). Cineplex announced they will stop their dividend after the payment in February. At that time, it was to make sure it kept their earnings to keep their debt down to satisfy their debt obligations in their friendly take over by UK-based Cineworld. But the world had something else in store. Cineplex had to close their theatres and all other entertainment venues due to COVID19. As of today's date , all of these avenues are closed but might open this month some time.
Boston Pizza Royalties Income Fund (BPF.UN) and A&W Royalties Income Fund (AW.UN) suspended their distributions due to uncertainty over COVID19. A&W had to close their doors to inside sitting and basically do only drive thru or use 3rd party companies for deliveries. Some of their restaurants had to close as they were located inside a mall in a food court setup. At Boston Pizza, you could walk in to get your order as they do not have drive thru at their locations.
The third monthly payer to stop their dividend was Cineplex (CGX). Cineplex announced they will stop their dividend after the payment in February. At that time, it was to make sure it kept their earnings to keep their debt down to satisfy their debt obligations in their friendly take over by UK-based Cineworld. But the world had something else in store. Cineplex had to close their theatres and all other entertainment venues due to COVID19. As of today's date , all of these avenues are closed but might open this month some time.
I received dividend / distribution income from 7 different companies.
I received $0.00 in option premiums within my investment accounts in May 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 May 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.
Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.
nice pursuit
ReplyDeletegreat yr over yr growth.
quarter over quarter is unfortunate but that will bounce back.
keep it up
Passivecanadian,
DeleteThanks for dropping by. Hoping Boston Pizza Royalties Fund and A&W will start paying their distributions again as the economy is starting to open up.
As far as Cineplex goes, I hoping they don't go bankrupt as Cineworld has backed out of the deal to purchase the company citing Cineplex violated terms of sale. Hopefully there is a silver lining her for CGX, and they survive and thrive! Wishing thinking on my part!