Saturday, January 9, 2021

Dividend Income Update - December 2020

     



      
The month of December 2020 is another month of dividend income landing in my accounts. Recently, I switched my pay yourself first model once again.   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 the beginning of January 2020.  I am paying myself 30%.  This will consist of 15% to investing, 12% to debt, and 3% to savings.   I am treating paying debt as paying myself first, to insure I am actually doing it. If I try to pay down debt after spending money on expenses, I might not get the debt paid off in a reasonable time.  I hoping I can keep this up! 
 
Note: All the dividends and totals below are in Canadian Dollars.


Non-registered Accounts 
  
Enbridge (ENB) - $243.00  (Margin Account)
Enbridge (ENB) - $21.29   (Transfer Agent)
Enerplus (ERF)  - $7.45
Intertape Polymer Group (ITP) - $23.78
Shaw Communications (SJR.B) - $19.75

Subtotal : $315.27


TFSA

A&W Royalties Income Fund  (AW.UN) - $11.40
Boston Pizza Royalties Income Fund (BPF.UN) - $15.73
Brookfield Renewable Partners Corporation (BEPC) - $4.37
Brookfield Renewable Partners LP (BEP.UN) - $28.93
Canadian National Railway (CNR) - $21.85
Cominar REIT (CUF.UN)    - $13.68
Enbridge (ENB) - $26.73
Killam Properties REIT (KMP.UN)    - $17.11

Subtotal: $139.80


Total = $455.07


I received a total of $455.07 in dividend income for the month of December 2020.  This represents a 9.75% increase from 3 months ago and 2.78% increase year over year. 

The small increase year over year was result of Cineplex stopping their dividend in February 2020, and offset by the unit split of Brookfield Renewable Partners LP.  The unit split resulted in 1 shares of BEPC for every 4 shares of BEP.UN that was owned.  That resulted in 8 shares of BEPC.  

I received dividend / distribution income from  11 different companies. 

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

I recently purchased Fortis  (FTS.TO) in my TFSA.  This purchase was after the ex-dividend date.  Fortis pays a dividend on December 1. 

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




Most of my dividend income comes from my margin account. 



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




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 December 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.


4 comments:

  1. nice pursuit congrats on that growth.

    wow that pie really brings out that enbridge payment! still cheap but my position is juts to big too buy more
    cheers

    ReplyDelete
    Replies
    1. Passivecanadian,

      Thanks for dropping by. I am hesitant to add any more to ENB at this point due to size of my position. I wish CNR was that percentage over ENB as it is a more safer stock.

      Delete
  2. Hey Investing Pursuits, I like you plan to pay yourself first. Nice haul of dividends at $455.07! Nice purchase with Fortis, and some great names in your portfolio. The visuals look great. My December was good, it was my highest month yet. I'm hoping it will surpass $100 by December 2021. Looking forward to more updates this year.

    ReplyDelete
    Replies
    1. RTC,

      Fortis is a great company with an outstanding dividend growth streak. I know you are a big fan of Fortis. Hoping to invest more this year than last year.

      Delete