money

June 2020 Dividend Income

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Hello everyone! Welcome to My Dividend Snowball, a blog about income investing.  June has passed and the weather is getting warmer here in Mississauga.  Stores, Malls and Restaurants are starting to re-open again.  You can see long line up at the partios,  stores and super market.  However, the number of people infecting with Covid-19 is still up in province, so my company is still allowing me to work from home.  My daily exercise is walking 10,000 steps/day since the start of pandemic.  In June, the weather was good,  so I was able to walk 10,000 steps everyday. 

For the month of June, 2020, for the first time, I have received over $1000/month of dividend income.  The following companies have paid me:

  1. AVGO $32.00
  2. BEP-UN.TO $121.17 dripped 1 share
  3. BIP-UN.TO $60.18 dripped 1 share
  4. BIPC.TO $1.98
  5. BPY-UN.TO $193.82 dripped 14 shares
  6. CNR.TO $57.50
  7. ENB.TO $247.05 dripped 4 shares
  8. FTS.TO $72.58 dripped 1 share
  9. JNJ $16.16
  10. LYB $60.9
  11. MAIN $30.96
  12. MCD $18.75
  13. MFC.TO $73.64 dripped 3 shares
  14. MMM $29.4
  15. O $17.48
  16. PEP $20.45
  17. V $8.7 

I have received total of $1086.17, an 173% increase from June, 2019.  This is big increase from 2019 because of the pandemic, I am taking advantage of the sell-off. I have deployed lots of cash in March and April of 2020.  Out of $1086.17 received, $879.15 is in CAD and $207.02 is in US dollar or 80 to 20 split.  For simplicity of this calculation, I am using 1:1 rate for the currency approach.  

Dividend Growth

June is a slow month for dividend increase.  Only one company announced dividend increase.

  1. New Residential Investment NZL increased its dividend payout by 100% to .40 annually from .20.  Since I owed 304 shares,  this increase will add $60.8 to my annual income.  However, before the pandemic, this company used to pay $2.0 per share; therefore I am still down %80 of income received from this company.

Stock Transactions

The following stocks have been added to our portfolio in June:

  1. Added 425 shares of Enbridge ENB.TO, added $1377 to annually income.
  2.  Added 100 shares of Bank of Montreal BMO.TO
  3. Added 300 shares of Telus T.TO
  4.  Added 300 shares of Algonquin Power & Utilities AQN.TO
  5. Added 6 shares of Johnson & Johnson JNJ, added 24.24 to annually income. 
  6. Added 14 shares of Vanguard S&P 500 Index ETF, added $17.91 to annually income. 
  7. Added 33 shares of Kirkland Lake Gold KL.TO, added $27.16 to annually income.
  8. Added 3 shares of Avago AVGO, added $36 to annually income.
  9. Added 2 shares of Shopify SHOP.TO.
  10. Added 11 shares of Visa V, added $13.2 to annually income.
  11. Added 5 shares of McDonald MCD, added $25 to annually income.
  12. Added 18 shares of Brookfield Infrastructure Partner BIP-UN.TO, added $47.40 to annually income.
  13. Added 22 shares of Royal Bank of Canada, RY.TO, added $95.04 to annually income.
  14. Added 17 shares of TC Energy Corp. TRP.TO, added $55.08 to annually income.
  15. Sold 300 shares of Arbor Realty Trust ABR, $360 removed from annually income.

I have deployed total of $51379 in the month of June to get $2753 annually income that calculated as 5.4% yield.  I sold ABR because I needed money to deploy in Visa and Avago.  I wanted to increase shares in these 2 stocks, so they could be in my core holdings.  I lost $360 income, but I think Visa and Avago would do better in the long term. 

Summary

June 2020 was an exciting month.  I was able to collect over $1100 of dividend income which was a milestone for me.  New additions this month caused the imbalance in my portfolio.  Enbridge is now more than 10% of my entire portfolio; therefore in the next few months, I will concentrate buying stocks in different sectors other than Financial and Energy.  I will buy more shares of these companies: JNJ, MMM, PEP, SBUX, MCD, V, AAPL, AVGO and MSFT.   One stock I would continue to buy even though it does not pay dividend is Shopify.  I would continue buy 1 share of Shopify per month until I reach a reasonable number of shares in my portfolio.  By the way, I am ok with the new transactions for this month.

 

How was your June?  Keep safe and keep investing everyone!!!

Feel free to leave the comment below.

Thanks.  

Sam