May 2020 Dividend Income

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Hello everyone! Welcome to My Dividend Snowball!  This is my first post this site.  For the month of May, 2020, I have received income from 9 different companies:  One company NZL has decided to cut dividend 90% from $.50 to $.05

  • ABBV $139.30 dripped 1 share
  • APPL $28.59
  • MAIN $42.70 dripped 1 share
  • NZL $20.97 dripped 2 shares
  • O $24.37
  • RY.TO $155.52 dripped 1 share
  • SBUX $27.69
  • TRP.TO $127.17 dripped 1 share
  • TXN 43.90

I have received total of $611.83, an 135% increase from May, 2019.  The reason for the big increase in my income is the selling of my mutual funds in my RRSP and re-invest ing these funds into Dividend paying companies in March 2019.

Dividend Growth

Only 2 companies announced dividend increases in May, 2020.

  1. Algonquin Power & Utilities  AQN.TO increased its dividend payout by 10% to  $0.6204 annually from $.564 per share annually.
  2. Pepsi PEP increased its dividend payout by 7.1% to $4.09 per share from $3.82 per share annually.

 

Stock Transactions

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

  1. Added 25 shares of Enbridge ENB.TO, $81 added to annually income. 
  2. Added 35 shares of Brookfield Infrastructure Partner BIP-UN.TO, $92 added  to annually income.
  3. Added 16 shares of Johnson & Johnson JNJ, $64.64 added to annually income.
  4. Added 20 shares of Realty Income Corp O, $55.20 added to annually income.
  5. Added 33 shares of Main Street MAIN, $83.16 added to annually income.
  6. Added 5 shares of Microsoft, $10.2 added to annually income.
  7. Added 35 shares of Brookfield Renewal Partner BEP-UN.TO, $103.11 added to annually income.
  8. Added 100 shares of Telus T.TO, $116 added to annually income.
  9. Added 41 shares of Bank of Nova Scotia BNS.TO, $147.6 added to annually income.
  10. Added 63 shares of Manulife MFC.TO, $70.56 added to anuually income.
  11. Added 50 shares of GoEasy GSY.TO, $90.00 added to annually income.
  12. Added 25 shares of Alimentation Couche-Tard ATD-b.TO, $8 added to annnually income.
  13. Sold 104 shares of Cisco CSCO, $149.76 removed to annually income.
I have deployed total of $14969 in the month of May to get $727.65 annually income that is 4.8% yield.  I sold CSCO because I needed money to deploy in MAIN and O.  These two stocks were on sale, and I want to more shares of MSFT and JNJ.  I lost $149 income, but gained $193. 

Summmary

May 2020 was a tough month.  Market was very volatile.  However I was able to buy good companies at a reasonable price.  I am happy with the transactions for the month of May.  

Dear readers, how was your May?  Feel free to leave the comment below.

Thanks.  

Sam