Dividend Income June 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 June 2021.
I am excited to report that a new record for one month was set.
For the first time ever, I earned more than $90 in one month from dividends.
Furthermore, I continued my streak of year-over-year passive income growth for the 6th month in a row.
Based on the performance of the first half of the year, $100 months are on the horizon.
In this article, I will tell you exactly how much dividend income I earned in June 2021, and I will show you which stocks paid dividends.
Let’s dive right into the highlights.
Dividend Income June 2021 Highlights
- Total dividend income in June 2021 was $93.81
- 24% year-over-year (YoY) increase compared to June 2020
- Year-to-date income from dividends is $350.73 (January 1, 2021 to June 30, 2021)
- All-time dividend income received is $1,981.91 (June 2017 to June 2021)
- Monthly average dividend income in 2021: $58.46
- 6 months in a row of YoY growth
- A new record for one month was achieved
Dividend Income June 2021 Earnings: $93.81
For the first time ever, the portfolio generated more than $90 in dividends in one month.
In total, $93.81 was received in dividend income in June 2021.
This represents a 24% year-over-year increase compared to June 2020. During the same month last year, $75.66 was received, which was $18.15 less.
After factoring in June’s dividend income, total year-to-date (YtD) dividend income is $350.73. This is up by $46.56 or 15% when compared to the same point last year.
Compared to the previous quarter (March 2021), which held the record for one month prior to this month, dividend income is up by $6.34 or 7.25%. The increase can be attributed to owning additional shares of Fortis, and one additional share of Enbridge, which was acquired via a dividend reinvestment plan (DRIP).
Stocks That Paid Dividends
Eleven stocks paid dividends in June 2021
- Enbridge (Ticker: ENB)
- Fortis (Ticker: FTS)
- Suncor Energy (Ticker: SU)
- Riocan REIT (Ticker: REI.UN)
- SmartCentres REIT (Ticker: SRU.UN)
- Johnson & Johnson (Ticker: JNJ)
- Choice Properties Investment Trust (Ticker: CHP.UN)
- NorthWest Health Property REIT (Ticker: NWH.UN)
- Park Lawn (Ticker: PLC)
- Corning Incorporated (Ticker: GLW)
- Savaria Corporation (Ticker: SIS)
As usual, the bulk of this month’s dividend income was from Enbridge. In total, Enbridge accounted for 66% of June’s income. The good news is that this is down by 4% compared to last quarter. Eventually, I would like to lower my reliance on Enbridge down to the 20% range.
The second highest payer of the month was Fortis, which was up by 1% compared to the previous quarter. Fortis accounted for 18% of June’s dividend income.
Otherwise, each of the other 9 positions generated 6% or less.
Also worth noting, 2 new positions paid dividends this month—Johnson & Johnson and Corning Incorporated.
Outlook: $399.27 More To Achieve My 2021 Target
At the beginning of 2021, I set a modest goal to earn at least $750 from dividends.
Now, at the half way point of the year, I still need to earn at least $399.27 more to reach this goal.
With 6 months left in the year, I still need to earn an average of $66.55 per month.
Although I am slightly behind my goal at this point, I am confident that I will crush this goal.
In fact, I should be able to push dividend income much higher than originally expected.
Over the course of June 2021, I was able to increase my forward annual income by $30.65. My forward annual dividend income is up to $746.16.
This was achieved by investing $848.13 into the stock market.
If I can maintain this pace in July, August, and September, I expect to add between $90 to $150 more in annual dividend income.
This will push my forward dividend income to the $850 to $900 range.
Since there are only 6 months left in the year, I will only receive a fraction of what is added now, which I expect to be approximately $30 to $50 more.
Nevertheless, that is still enough to surpass my $750 target and push income into the $1,000 range by the end of 2021.
Portfolio Activity in June 2021
As I mentioned above, I increased my forward annual dividend income by $30.65 in June by investing $848.13 into the market. The majority of the money was invested in Algonquin Power & Utilities and Cisco.
Most of the June buys occurred in my TFSA brokerage account, but a few of the USD trades occurred in my RRSP brokerage account.
As per usual, I did not sell any stocks this month.
Here is a summary of my investment activity in June 2021:
- Added to Algonquin Power & Utilities (AQN)
- Added to Palantir (PLTR)
- Bought Cisco (CSCO)
- Added 1 share of Enbridge via DRIP
- Increased position in NorthWest Healthcare REIT (NWH.UN)
- Added a small percent of savings to Bitcoin (BTC)
- Added a small percent of savings to Ethereum (ETH)
Dividend Income June 2021 – Final Thoughts
In summary, the portfolio hit a new all-time record for dividend income in one month in June 2021.
A total of $93.81 in dividend income was earned. It was the first time I have received more than $90 in one month.
The $93.81 received represents a 24% year-over-year increase compared to last year.
Consequently, total year-to-date dividend income is now $350.73.
Moreover, my year-to-date return is still outpacing the S&P 500 (14.27%) by a significant amount.
Based on how much I expect to save and invest over the next few months, September could end up being my first triple digit month ever.
How was your dividend income in June? Did you get paid from any of the same stocks?
I’d love to hear your thoughts in the comments below.
Other Articles On Dividend Investing You’ll Want To Read
Dividend Income Update (June 2020): 30% YoY Growth
May 2021 Dividend Income Update: $42.66
All Dividend Income Updates Since 2017
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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