Dividend income June 2022 — Chronicling monthly dividend income to document the journey to financial independence. I am not a licensed investment advisor and this post is not investment advice. All opinions are my own.
Another month has passed, so it’s time to report how much dividend income I made.
I am thrilled to report that I achieved a new all-time record for dividend income received in one month.
Despite June 2022 turning out to be one of the most volatile, poor-performing months for equities in recent memory, my dividend income kept on generating passive income.
In this post, I will tell you how much dividend income was earned and detail which stocks paid dividends.
Let’s dive into the numbers.
Dividend Income June 2022 Highlights
- Total dividend income in June 2022 reached a new all-time record of $138.84
- Year-over-year (YOY) dividend income grew by 48% or $45.03 compared to June 2021
- Year-to-date (YTD) dividend income is $625.57 (January to June 2022)
- YTD dividend income is up by 78% or $274.84 compared to the first 6 months of 2021
- Quarter-over-quarter (QOQ) dividend income is up by 10% or $12.99 compared to March 2022
- All-time dividend income since June 2017 is $3,073.67
- Monthly average dividend income in 2022 is $104.26
Dividend Income June 2022 Earnings — $138.84
My investment portfolio generated $138.84 worth of dividends in June 2022.
This represents a new all-time record for dividend income received in one month. The previous record was $125.85 in March 2022.
Compared to June 2021, this represents a 48% year-over-year growth rate. During the same month last year, $93.81 was received, which was $45.03 less.
After factoring in June’s record haul of dividend income, total year-to-date dividend income is up to $625.57. This represents a 78% increase over the first six months of 2021. By the same point last year, the portfolio generated $350.73, which was $274.84 less.
Compared to the previous quarter (March 2022), which previously held the all-time record for one month, dividend income is up by $12.99 or 10%. This increase can mostly be attributed to adding shares of Canadian Tire (CTC.A).
Overall, I am satisfied with the pace of growth and expect it to continue to trend higher.
Stocks/REITs That Paid Dividends Or Distributions In June 2022
Eleven positions paid dividends in June 2022:
- Enbridge (Ticker: ENB)
- Fortis (Ticker: FTS)
- Suncor Energy (Ticker: SU)
- Canadian Tire Corporation (Ticker: CTC.A)
- Riocan REIT (Ticker: REI.UN)
- Johnson & Johnson (Ticker: JNJ)
- SmartCentres REIT (Ticker: SRU.UN)
- NorthWest Health Property REIT (Ticker: NWH.UN)
- Choice Properties Investment Trust (Ticker: CHP.UN)
- Corning Incorporated (Ticker: GLW)
- Savaria Corporation (Ticker: SIS)
In total, eleven stocks or REITs paid dividends or distributions in June 2022. This is up one position over the prior quarter. I initiated a position in Canadian Tire since March 2022.
Otherwise, my big two positions continued to lead the way. Enbridge accounted for 48%, and Fortis accounted for 24% of June’s dividend income total.
Although I am continuing to automatically reinvest dividends back into Enbridge via DRIP, I was happy to see my reliance on it for dividend income drop below 50%. Last quarter, it accounted for 53% of March’s income. The main reason for the drop is because my new position, Canadian Tire, accounted for 6% of this month’s dividends.
Other than that, Suncor, which has been one of my best performing stocks in 2022, chipped in 12% of this month’s dividend income. The remaining seven positions accounted for 3% or less of June’s dividend total.
Cost To Manage Portfolio YTD — $37.75
I started sharing my investment fees earlier this year to show how low cost it can be to self-manage your investment portfolio.
Originally, my goal was to incur $0 commission fees in 2022. Unfortunately, I failed that goal, since I ended up making a few trades recently. In total, I have spent $37.75 in commission fees so far in 2022.
But at least my investment fees are still considerably low relative to the size of my portfolio. If my capital was invested in mutual funds with a 2% management expense ratio (MER), my investment fees would cost nearly four figures.
Instead, my investment fees are still much lower than even the finest of S&P 500 index funds.
For the record, I keep my investment fees low through utilizing a zero commission broker, Wealthsimple, and by using credit card points to pay for trades at another broker.
Furthermore, my portfolio is vastly outperforming the S&P 500 year to date. Although my portfolio has taken a beating this year, it’s not down nearly as much as the S&P 500, which is in bear market territory at the moment. It’s down over 19% at the time this post was written.
The point of all this is that I’m beating the S&P 500 by 15% in a bear market and spending less on fees to manage my portfolio.
Outlook — $574.43 To Achieve My Dividend Target For 2022
I set a financial goal to earn at least $1,200 in dividend income in 2022.
At the midway point of the year, it’s looking like I will easily meet and exceed that goal, considering that I’m already more than halfway there.
As of the end of June 2022, my portfolio has generated $625.57 in dividend income. So to reach my goal of $1,200, I only have to earn $574.43 more over the next six months. This works out to an average of $95.74 per month to meet my target.
Based on my average dividend income received over the past six months, I expect to earn at least $104 per month or another $625.57 by the end of the year.
As such, I am beginning to aim my sights on a higher target — $1,300 seems well within reach.
Dividend Income June 2022 — Final Thoughts
In summary, my investment portfolio generated $138.84 in dividend income during the month of June 2022.
This is the most dividend income I’ve ever received in one month.
The $138.84 in dividends represents a 48% year-over-year increase compared to how much was earned in June 2021.
As of the end of June 2022, year-to-date dividend income is up to $625.57. This is already more income in half a year than my total dividend income in 2020.
Based on how the first half of the year is gone, I expect to crush my original goal of $1,200 in dividend income in 2022. My new target is $1,300.
Other Dividend Income Posts To Check Out
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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