In May 2020, I received over $400 dividends from 14 different income sources.
The dividend income is down by 15% compared to the dividend I received May 2019, due to the assets sale I made in March.
My journey was slightly affected due to the current health issue; however, I have been making progress to bring my journey back on track.
I hope that I will return to my pre-crisis level in the coming months and continue moving forward to reach my long-term financial goals.
Honestly, 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 for investors to put their money work in this 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.
At the same time, some analysts say the market continues moving higher from here.
As a small retail investor, I have no idea what will happen in the short-term. But, I believe the markets will be much higher than now for the longer-term.
Therefore, I will keep buying small positions and continue building my portfolio with a long-term view.
Let’s get back to the numbers.
I received $407.35 dividend in May 2020, which is 15.75% lower than the dividend I received in May 2019.
Summing up all the dividends I received in 2020, I came up with $4417.85. One of my short-term goals is to receive at least $13000 dividend income during the year of 2020. So far, I achieved 33.98% of my target.
Dividend income from Canadian stocks
- REI.UN – $27.60
- NWH.UN – $3.33
- PLZ.UN – $6.16
- CHP.UN – $19.74
- FC – $15.60
- ALA – $12.00
- EMA – $18.38
- IPL – $2.00
- KEY – $32.00
- RY – $108.00
- BMO – $106.00
Dividend income from U.S stocks
- KMI – $13.13
- ZUD – $13.58
Total dividend I received from U.S stock holdings: $26.11
Dividend income from my International dividend portfolio
- ZDH – $29.83
Total dividend I received from International investments: $29.83
Total: $407.35
Total dividend I received for year 2020: $4417.85
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 $11163.
One of my long-term goals is receive $25000 dividend income from investment portfolios. I have achieved 44.65% 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.
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