Dividend income August 2021 — Chronicling monthly dividend income to document how much passive income was earned and which stocks paid dividends. For the record, I am not a licensed advisor and this post is not investment advice. Additionally, this article may contain affiliate links.
Another month has passed, so it’s time to report how much dividend income was earned in August 2021.
August went by surprisingly fast. After a brief road trip to begin the month, I spent the rest of the month being busy with work.
Behind the scenes, my dividend income kept rolling in.
For the eighth month in a row, I achieved year-over-year dividend income growth.
In this post, I will highlight how much dividend income I earned and what stocks paid dividend in August 2021.
Let’s dive right into the numbers.
Dividend Income August 2021 Highlights
- Total dividend income in August 2021 was $51.92
- 42% year-over-year (YoY) increase compared to August 2020
- Year-to-date income from dividends is $456.13 (January 1, 2021 to August 31, 2021)
- All-time dividend income received is $2,087.31 (June 2017 to August 2021)
- Monthly average dividend income in 2021: $57.02
- $1.67 per day in dividends was earned in August 2021
- 8 months in a row of YoY growth
- Increased forward dividend income by $40.53 during the month
- Altria Group announced a 4.7% raise
Dividend Income August 2021 Earnings — $51.92
Fortunately, I held true to my word and accomplished my goal to never see another month under $50 in dividend income.
In total, $51.92 worth of dividend income was earned in August 2021.
This represents a 42% year-over-year increase compared to August 2020. During the same month last year, $36.57 was earned.
The increase can be attributed to owning additional shares of Royal Bank, owning shares of AbbVie, and owning additional shares of Starbucks.
Compared to last quarter (May 2021), dividend income is up by an incredible 22%, which is a significant quarterly increase. Hopefully I can continue this rate of growth into the November quarter.
After factoring in August’s results, year-to-date (YTD) dividend income is up to $456.13. This is up by $83.62 or 22% compared to the same point last year.
Stocks That Paid Dividends
Eleven stocks paid dividends in August 2021. This is up by one since the previous quarter, and it’s up by three compared to August 2020.
Here are the eleven stocks that paid dividends:
- Royal Bank of Canada (Ticker: RY)
- AbbVie (Ticker: ABBV)
- Riocan REIT (Ticker: REI.UN)
- Starbucks (Ticker: SBUX)
- SmartCentres REIT (Ticker: SRU.UN)
- Choice Properties Investment Trust (Ticker: CHP.UN)
- Apple Inc (Ticker: AAPL)
- Vitreous Glass (Ticker: VCI)
- Park Lawn (Ticker: PLC)
- North West Health Properties REIT (Ticker: NWH.UN)
- Savaria Corporation (Ticker: SIS)
As per usual during the February-May-August-November months, the bulk of income was from Royal Bank. In total, dividends from Royal Bank accounted for 64% of total revenue. This is down from 73% since last quarter, and down by 1% compared to last August. Long term, I want Royal Bank to provide no more than 25% of this quarter’s income.
As such, I recently began acquiring shares of National Bank and AbbVie. Also, I added to Starbucks and plan to add more to Apple to lower my reliance on Royal Bank.
Fortunately, some of my recent moves are beginning to pay off. AbbVie accounted for 9% of this month’s dividend income, and Starbucks chipped in 5%.
Outlook – $293.87 To Reach My 2021 Target
At the beginning of 2021, I set a modest goal to earn $750 in dividend income.
With only four months remaining in the year, I must earn at least $293.87 more in dividends.
Based on my most recent projections, I have no doubt that I will be able to achieve it.
To get there, I will have to earn an average of $73.47 per month over the remaining four months.
To be perfectly honest, though, I am beginning to focus on next year now. I’m trying to push forward dividend income to more than $1,000 annually.
Portfolio Activity In August 2021
I increased dividend income by $40.53 in August 2021.
Income increased through investing $1,597.23 into the stock market.
It was funded through savings, reinvesting dividends, 10% of blog income, and a dividend raise from Altria Group.
To my delight, Altria Group increased its dividend by 4.7% during the month. This added a few more dollars worth of annual dividend income.
Otherwise, the increase in income was funded by the following activities:
- Added to SBUX
- Added 7 shares to FTS
- Increased AQN position by 10 shares
- Initiated position in NA
- Added to JNJ
- Added to T.TO
- Bought 1 unit of NWH.UN REIT
- Added to GLW
- Added to SHOP
Similar to last month, it was a fairly active month for buying.
It was partially because I committed to never seeing another month under $50 in dividends again. That was a good incentive to invest in dividend stocks.
Additionally, it is a result of increasing my percentage of income saved.
The more money I save, the more I can invest in dividend growth stocks.
In turn, I will be able to live off dividends someday in the future.
If I continue to invest as much money into the stock market as I am right now for the next 10 years, I should be in a great position to see that goal come to fruition.
Furthermore, I’m hoping to increase the amount I invest into the market in September 2021.
In fact, I am aiming for an all-time record amount of dividend income earned in one month. Plus, I am aiming to increase forward dividend income by the most I’ve ever increased it in one month. It’s going to be an exciting month to be a dividend growth investor.
Dividend Income August 2021 — Final Thoughts
In summary, I received $51.92 in dividend income in August 2021.
This represents a 42% increase over dividend income in August 2020.
Year-to-date dividend income is up to $456.13, which is 22% higher than last year by the same point.
In addition, Altria Group (MO) announced a 4.7% dividend raise during the month. The quarterly payout is payable to shareholders of record on September 15, 2021 on October 12, 2021.
Looking forward, my goal to reach $750 in annual dividend income in 2021 is nearly a foregone conclusion by now. September and December, my two largest paying months of the year, should push me over the top.
However, I am more excited about pushing forward annual dividend income above $1,000 by the end of 2021.
How was your dividend income in August 2021? Did you receive payments from any of the same companies?
I’d love to hear from other dividend investors in the comments below.
Related Dividend Investing Posts To Check Out
Dividend Income Report August 2020
I am not a licensed investment or tax adviser. All opinions are my own. This post may contain advertisements by Monumetric. This post may also contain internal links, affiliate links to BizBudding, Amazon, Bluehost, and Questrade, links to trusted external sites, and links to RTC social media accounts.
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Dividend Income Forecast August 2021
