In June 2020, I received over $1200 dividends from 24 different income sources.
The dividend income is 1% less than the dividend I received in June 2019, due to the assets sale I made in March.
Like everyone, my journey was slightly affected due to the current health issue; however, I have been making good progress to bring my journey back to the track.
I will be back on track next month and keep moving toward my long-term goal of financial freedom.
Like I said last month, I am not comfortable buying stocks with current market conditions.
There are so many uncertainties surrounding the markets – worst economic situation, fear to the second wave of the health crisis, U.S elections, etc.
However, there are no other alternative options or asset classes to invest in the ultra-low interest rate environment. Plus, the central banks continue pumping new money into the system.
Thus, the markets keep moving higher.
Some analysts say the markets will test the March low once again before it hit the new high, and a few others say it will get even worst than March.
But, investors have no place to hide their money. Investors fear that inflation gets spiked due to the massive government and central banks’ interventions. So, they would prefer to own some assets than holding cash as cash value will evaporate in a high inflation environment.
I believe this is a short-term problem. If we can successfully go through this, there will be a bright future on the other side.
I am a small retail investor, and I have no idea what will happen in the short-term. I invest in the long-term, and my main focus on collecting dividends.
So far, the majority of my holdings continue paying their dividends. Therefore, I don’t need to make changes in my investment approach.
Let’s get back to the numbers.
I received $1218.31 dividend in June 2020, which is 1% lower than the dividend I received in June 2019.
Summing up all the dividends I received in 2020, I came up with $5636.16. One of my short-term goals is to receive at least $13000 dividend income during the year of 2020. So far, I achieved 43.36% of my target.
Dividend income from Canadian stocks
- BAM.A – $30.27
- CNR – $74.75
- FC – $15.60
- BPY.UN – $134.56
- BEP.UN – $91.48
- BIP.UN / BIPC – $217.80
- PLZ.UN – $14.00
- NWH.UN – $3.33
- CHP.UN – $19.74
- REI.UN – $33.60
- FCR.UN – $7.17
- MFC – $14.00
- CU – $34.30
- ENB – $210.60
- FTS – $38.20
- ALA – $12.00
- IPL – $2.00
- KEY – $32.00
- H – $27.90
Dividend income from U.S stocks
- SDY – $68.71
- DGRO – $71.89
- ZUD $13.72
Total dividend I received from U.S stock holdings: $154.32
Dividend income from my International dividend portfolio
- ZDH – $15.03
- IDV – $35.66
Total dividend I received from International investments: $50.69
Total: $1218.31
Total dividend I received for year 2020: $5636.16
Please note that I do not convert dividends received from U.S stocks to Canadian dollar, and I use a 1 to 1 currency rate approach to keep the math simple and avoid fluctuations in my dividend income reports due to changes in the exchange rate.
Estimated passive income
For those new to this site, the Estimated passive income is the income I estimated to receive in a year based on my current investments holding and their distribution rate.
My Estimated passive income is currently at $11634.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 46.54% of my goal.
Learn about finance, live within your mean, save and invest in high-quality assets will help you reach your financial goals much earlier than you think.
Thank you so much for your great support, encouragement, and being in my financial journey.
If you haven’t done so, please subscribe to our FREE newsletter to stay inspired and also to keep in touch with us.
Leave a Reply