Dividend Income Update - July 2020

      

The month of July 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 cuts by the Bank of Canada over the COVID19 pandemic. Starting in August, I will change my pay myself first percentage. I will be paying 15% towards line of credit and 12% will go into savings. As my normal savings account is in the $2000 range, I have a couple of big expenses coming up. So, I will be putting money into savings until the $2000 amount is reached again.


I made my last deposit to the TFSA at the end of July.

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

Non-registered Accounts

Bank of Nova Scotia (BNS)  -  $18.00 (Margin Account)
Bank of Nova Scotia (BNS)  -  $42.24 (Transfer Agent)
Bell Canada Enterprises (BCE)   - $83.25
Canadian Imperial Bank of Commerce "C.I.B.C" (CM) - $160.60
Enerplus (ERF)     - $7.35
Roger's Communications Class B (RCB.B)     - $100.00
Shaw Communications (SJR.B)     - $19.75

Subtotal : $431.19


TFSA

A&W Royalties Income Fund   - $3.80
Cominar REIT (CUF.UN)    - $13.56
Killam Properties REIT (KMP.UN)    - $17.11
TD Bank (TD)    -$48.98
TFI International (TFII)    - $13.00
Telus Corporation (T)    - $13.98

Subtotal: $110.43

Total = $541.62


I received a total of $541.62 in dividend income for the month of July 2020. This represents a 11.13% decrease from 3 months ago and 5.92% increase year over year.

The decrease of 11.13% from 3 months ago is due mostly to Restaurant Brands International paying their dividend on June 30 instead of normally the first week of July. This was offset by A&W Royalties Income Fund distribution payment, although smaller than before, paid out at the end of July. A&W Royalties Income Fund stopped paying a distribution at the end of the March due to COVID19 lock downs.

I received dividend / distribution income from 12 different companies.

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

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

Click to Enlarge

Most of my dividend income comes from my margin account. 

Next, I will show the percentage of total income for each position. I used the combined total of dividend income for Bank of Nova Scotia in the chart below.

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.


Note: Any activity in my RRSP account is not included in these totals.


How was your dividend income for July 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.