Dividend Income Update - June 2021

           

      

The month of June 2021 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 2021.  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 am hoping I can keep this up! 

 

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

Non-registered Accounts 
  

Enbridge (ENB)  - $21.95   (Transfer Agent)

Enbridge (ENB)  - $250.50  (Margin Account)

Enerplus (ERF)  - $24.78

Intertape Polymer Group (ITP) - $23.12

Shaw Communications (SJR.B) - $19.75

Subtotal : $340.10


TFSA

A&W Royalties Income Fund  (AW.UN) - $5.13

Boston Pizza Royalties Income Fund (BPF.UN) - $16.45

Brookfield Renewable Corporation (BEPC) - $4.47

Brookfield Renewable LP (BEP.UN) - $29.36

Canadian National Railway (CNR) - $23.37

Cominar REIT (CUF.UN) -    $6.84

Enbridge (ENB)  - $27.56

Fortis Inc (FTS) - $23.74

Killam Properties REIT (KMP.UN)    - $17.11

Subtotal: $154.03

Total = $494.13

I received a total of $494.13 in dividend income for the month of June 2021.  This represents a 6.83% increase from 3 months ago and 1.128% increase year over year.   

The increase from 3 months ago was mostly due to adding to my position in Fortis Inc and the Enerplus new dividend payment schedule.  Enerplus switched from a monthly dividend to a quarterly dividend.  The first quarterly dividend from Enerplus was paid out in June.  This Enerplus payment also includes the new dividend amount after increasing the annual dividend rate.  

I received dividend / distribution income from  12 different companies.  I am getting Brookfield positions as 2 different companies as one is an LP and the other corporation structure.

I received $0.00 in option premiums within my investment accounts in June 2021.

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

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Most of my dividend income comes from my margin account. 

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

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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 June 2021?


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.