Dividend Income June 2020 (30% YoY Growth) - Dividend Income Investor (2024)

Dividend Income June 2020 – Chronicling monthly dividend income to document how much money I make and which stocks I own.

Dividend Income June 2020 Highlights

$75.66was received in June 2020 (Up 30%compared toJune 2019)
$304.17has been earned YTD (January to June 2020)
All-time dividend income is $1,314.27 (June 2017 to June 2020)
This is the37thdividend income update

I am pursuing financial independence by dividend investing.

Because frankly, dividend income investing is the easiest way to build a passive income stream for financial independence.

By buying high-quality stocks that reward long-term shareholders with dividend payments, I am building an income stream that will eventually cover my expenses.

Let’s dive into my dividend income earnings for June 2020.

Dividend Income June 2020 (30% YoY Growth) - Dividend Income Investor (1)

Dividend Income June 2020: $75.66

$75.66 in total dividend income was received in June 2020. It was the 4th highest monthly total ever.

Furthermore, it was a 30% year-over-year increase compared to $58.42 that was received in June 2019.

Overall, $304.17 worth of passive dividend income has been earned year-to-date.

After factoring in the $75.66 that was received in June, the portfolio has generated an average monthly income of $50.70 so far in 2020.

Stocks

In total, 5 stocks paid dividends in June 2020:

Enbridge
Fortis
RioCan
Suncor
Choice Properties Real Estate Investment Trust

The bulk of this month’s dividend income is from Enbridge (Ticker: ENB).

More recently, though, I have been building up the Fortis position to become less reliant on Enbridge for income. Fortis is the perfect defensive stock for these times, and it’s an extremely reliable dividend payer. In fact, it might be the best recession stock on the TSX.

So in the future, the payments will start to appear more even.

Here is an overview of which stocks paid dividends this month:

Enbridge (ENB): $57.51

I received a total of $57.51 from ENB in June 2020 by owning 71 shares.

Fortis Inc (FTS): $8.12

In addition to my payment from Enbridge, I received $8.12 from Fortis.

Each share of Fortis pays $1.91 annually, which works out to $0.4775 per share quarterly.

I earned $8.12 in June 2020 by owning 17 shares of FTS. It was easy money.

As of June 30, 2020, I own 18 shares of FTS, and I plan on buying more. So, the next payment will already be higher.

Related post: Fortis Stock (Ticker: FTS) – An Essential Service To Increase Dividend Income

Suncor Energy (SU): $5.04

Despite the beating oil has taken in 2020, Suncor Energy continued to pay its dividend. Albeit, they recently slashed their dividend.

But at least they are paying shareholders something.

Even after the dividend was slashed, they still paid out $0.21 per share.

Since I own 24 shares, I received a total of $5.04 from Suncor.

Related post: SU Suncor Energy – Should Dividend Investors Sell After The Dividend Was Slashed?

RioCan Real Estate Investment Trust (REU.UN): $4.80

Despite the world going into a global lockdown, RioCan has continued to pay its monthly distribution to shareholders.

This is because RioCan is a well run REIT with a healthy dividend payout ratio that is approximately 65%.

Choice Properties Real Estate Investment Trust (CHP.UN): $0.19

Choice Properties is a Canada-based real estate investment trust.

The main reason I own this REIT is because they are affiliated with Loblaws.

As of June 30, 2020, the cost per share of CHP.UN is $12.74.

For each share purchased, Choice Properties pays a 5.81% yield or $0.74 annually.

Since I owned 4 shares on the ex-dividend date, I received $0.19 in June 2020.

Total Dividend Income from all 5 Stocks: $75.66

Dividend Income June 2020 (30% YoY Growth) - Dividend Income Investor (2)

Dividend Income report for June 2020 (key stats)

Dividend income earned inJune 2020:$75.66
Total 2020 Year to date dividend income:$304.17
Dividend income inJune 2019:$58.42
Total Dividend income inJune 2018:$33.16
Dividend Income in June 2017: $4.27
May 2020 YoY earnings increased by30%compared to June 2019
Monthly Average Dividend income in 2020:$50.70
How many stocks paid dividends in May 2020:5(No change)
All-time dividend income is $1,314.27 (June 2017 to June 2020)
This is the37thdividend income update

$324.10 More To Reach My Income Goal

At the beginning of 2020, my dividend income target for the year was to earn at least $628.27.

Now, at the halfway mark for the year, I have earned $304.17 from dividend investing.

So I’m basically still on pace.

To reach my target dividend income number, I must earn $324.10 more from July to December 2020.

To achieve this target, I must average $54.02 per month for the rest of the year.

Given that I am investing more recently, I still think my original target is within reach.

Dividend Income June 2020 (30% YoY Growth) - Dividend Income Investor (5)

Dividend Income June 2020 Concluding Thoughts

The first RTC dividend income update was published in June 2017. I only earned $4.27 that first month.

Since then, I have earned a total of $1,314.27 from dividend investing.

Now, equipped with a high paying part-time job, and a blog that is beginning to generate cash flow, I expect to push dividend income higher than it has ever been before.

In conclusion, I received $75.66 from 5 dividend stocks in June 2020. Year-to-date dividend income is up to $304.17.

Despite this year’s market correction, and despite the switch to part-time jobbing in 2019, dividend income appears to still be on pace to reach my income target ($628.27).

Otherwise, I’d like to hear from the readers and other dividend investors. How much dividend income did you earn in June? Do you own any of the 5 stocks I was paid from?

Related:

Dividend Income Update # 25 | June 2019 | 76% YoY Increase

677% YOY Growth! | Dividend Income Update #13 | June 2018

Dividend Income for June 2017

All Dividend Income Updates

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Dividend Income June 2020 (30% YoY Growth) - Dividend Income Investor (2024)

FAQs

How to solve for dividend growth rate? ›

Dividend growth formula

The following are the two DGR formulas: Arithmetic mean method formula: Where D2 equals the company's dividend for a specific period and D1 equals the company's dividends for a period before D2. DGR = [(Recent dividend (D2) - Previous dividend (D1)) x 100] / Previous dividend.

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How do I calculate my dividend income? ›

To calculate how much you'll receive, multiply the dividend yield by the stock's par value and then multiply that amount by the number of shares that you own. For instance, if you own ten shares of preferred stock with a par value of $50 per share and a 10% yield, the dividend payment will be $50.00.

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What is a good 5 year dividend growth rate? ›

To increase the likelihood that dividends will continue to grow in the future, analysts expect earnings to grow by at least 8% per year over the next five years and, except for one stock, at least 8% in the current year.

How much do I need to invest to make $3000 a month in dividends? ›

To make $3,000 a month from dividend stocks, you'll need to consider the average dividend yield of your portfolio. The average dividend yield is about 5%, so to achieve $36,000 in annual dividend income, you'll need to invest $720,000 (36,000 / 0.05).

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What is the formula for the dividend? ›

Dividend Formula:

Dividend = Divisor x Quotient + Remainder. It is just the reverse process of division. In the example above we first divided the dividend by divisor and subtracted the multiple with the dividend. That means, we first divided and then subtracted.

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What is dividend growth yoy? ›

Dividend growth calculates the annualized average rate of increase in the dividends paid by a company. Calculating the dividend growth rate is necessary for using a dividend discount model for valuing stocks.

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How do I find my dividend income? ›

Where to Find Dividend Payout Ratio Numbers. The figures for net income, EPS, and diluted EPS are all found at the bottom of a company's income statement. For the amount of dividends paid, look at the company's dividend announcement or its balance sheet, which shows outstanding shares and retained earnings.

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How do I know if I had dividend income? ›

How Do Investors Know If the Dividends They've Received Are Qualified or Not? The online trading platform or broker that an investor employs will break down the qualified and ordinary dividends paid in separate boxes on IRS Form 1099-DIV. Ordinary dividends are reported in Box 1a, and qualified dividends in Box 1b.

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How to get dividend income? ›

In order to collect dividends on a stock, you simply need to own shares in the company through a brokerage account or a retirement plan such as an IRA. When the dividends are paid, the cash will automatically be deposited into your account.

How much to make $500 a month in dividends? ›

How much do you have to invest to get $500 in dividends each and every month? It all depends on your portfolio's dividend yield. With a 10% yield and monthly payout schedule, you can get to $500 a month with only $60,000 invested. That is, $6,000 per year paid on a monthly basis.

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How much money do you need to make $1000 month in dividends? ›

The first high-octane dividend stock that can help deliver $1,000 in monthly income to investors with a beginning investment of $121,000 (split equally across three stocks) is the premier retail real estate investment trust (REIT), Realty Income (O -0.19%).

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How much to invest to get $4,000 a month in dividends? ›

But the truth is you can get a 9.5% yield today--and even more. But even at 9.5%, we're talking about a middle-class income of $4,000 per month on an investment of just a touch over $500K. Below, I'll reveal how to start building a portfolio that could get you an even bigger income stream than this today.

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How is dividend rate calculated? ›

Dividend Rate Formula

The dividend rate can be described as the amount of cash received by a shareholder, divided by the market value of the stock held by that shareholder. On a per-share basis, the dividend rate is the amount of annual dividend per stock, divided by the current price of the stock.

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How to calculate growth rate? ›

To calculate the percentage growth rate, use the basic growth rate formula: subtract the original from the new value and divide the results by the original value. To turn that into a percent increase, multiply the results by 100.

What is the formula for stock growth rate? ›

Stock growth can be measured by its absolute return, the difference between the starting and ending stock prices, or by its percentage return, calculated by dividing the absolute return by the initial price.

What is the formula for dividend payout rate? ›

To calculate the dividend payout ratio, the formula divides the dividend amount distributed in the period by the net income in the same period. For example, if a company issued $20 million in dividends in the current period with $100 million in net income, the payout ratio would be 20%.

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