Saturday, October 10, 2020

Dividend Income Update - September 2020


The month of September 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.  
Why money going into line of credit at paying myself first at 15% and savings at 12%?  This is simply to get a better return on my money on a large scale.  When the savings hits north of $2000.00 again, I will go back to paying myself 15% to investing at 12% to line of credit. 

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

Non-registered Accounts 

Enbridge (ENB) - $21.29        (Transfer Agent)
Enbridge (ENB) - $243.00     (Margin Account)
Enerplus (ERF)  - $7.38
Intertape Polymer Group (ITP) - $23.38
Shaw Communications (SJR.B) - $19.75

Subtotal : $314.80


A&W Royalties Income Fund  (AW.UN) - $3.80
Brookfield Renewable Partners Corporation (BEPC) - $4.58
Brookfield Renewable Partners LP (BEP.UN) - $18.92
Canadian National Railway (CNR) - $21.85
Cominar REIT (CUF.UN)    - $6.84
Enbridge (ENB) - $26.73
Killam Properties REIT (KMP.UN)    - $17.11

Subtotal: $99.83

Total = $414.63

I received a total of $414.63 in dividend income for the month of September 2020. This represents a 15.14% decrease from 3 months ago and 1.450% decrease year over year. 

The large decrease from 3 months ago was partial due to Restaurant Brands International (QSR) paying there dividend on June 30th.  Normally, Restaurant Brands International pays their dividend in first week of July.  The other reasons due to dividend suspensions or cuts from a few other positions. 

I received dividend / distribution income from 10 different companies. 

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

Click to Enlarge 

Next, I will show the percentage of total income for each position.

Click to Enlarge 

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 September 2020?

Disclosure : Long all mentioned securities


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.

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