Throughout these updates we will go over the previous month’s dividend income, as well as our rolling 12 month projected dividend income and our progress towards our goal of having $50,000 in annual passive income. For reference, I received my first ever dividend payment in December 2017, and I immediately realized that they needed to be a prominent part of our any investment strategy.
If you’re interested in seeing Aprils’s post click here.
So, here we are at the end of May already. That’s 5 down and 7 to go in what has been (to say the least) an interesting 2020.
We’ve seen tremendous ups and downs throughout this year and our portfolio as well as our dividend projections have taken a hit as a result of all the chaos going on out there but hey that’s alright, going through times like these both personally and as an investor help to prepare us as moving forward. This pullback and subsequent dividend cuts are much more welcome now as a forewarning than they would have been had we had clear sailing through our investing journey and then encountered times like these in or closer to retirement age.
Anyways, let’s get on to some of those juicy dividend numbers you came here for.
$844 dollars last month and… $310 this month. That’s always a bit of a buzz kill but we’ll take it.
$300+ will pay for our phone bills, cable and internet for a month with a little to spare so even as a slower month for us it’s still money that is noticeable in a monthly budget.
So what’s the growth been like? Well I’m glad you asked! Here’s our YoY table:
As you can see year over year we have just over doubled our May’s dividend income. 2019 over 2018 was a tripling of income so the rate of growth is slowing but obviously that’s to be expected – linear growth at that rate would require huge amounts of capital investment every year moving forward.
Here’s our 12 month projection where we look forward over the next 12 months to see what we should receive without any addition of funds from us:
We dropped from over $8,900 in last months projection to $8,600 this month thanks mostly to the fact that we liquidated a couple ETFs from the RRSP (his) and (her) accounts and have left roughly $10,000 of that money uninvested so it’s a bit of an artificial loss at this point.
We are going to see another reduction possibly next month as Laurentian Bank has also just announced a dividend cut but we’ll worry about that in next months update as these numbers are already tallied up for us.
For those of you that like this sort of thing, here’s the individual payouts we received:
Remember that we are just documenting our investing journey and sharing our triumphs and mistakes along the way, this isn’t any form of advice or recommendations so please consult a professional before investing your money!
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Thanks for stopping by,
FIC.