Dividend income September 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 September 2021.
I am especially excited to share this month’s results with you, though, because a new milestone was achieved.
Last quarter I hinted that $100 months were on the horizon.
And well, for the first time ever, my dividend income surpassed $100 in a single month.
In this article, I will share how much dividend income was earned in September 2021, and I will show you which stocks paid dividends.
Let’s dive right in.
Dividend Income September 2021 Highlights
- Total dividend income in September 2021 was $100.61
- 29% year-over-year (YoY) increase compared to September 2020
- Year-to-date income from dividends is $556.74 (January 1, 2021 to September 30, 2021)
- All-time dividend income received is $2,187.92 (June 2017 to September 2021)
- Monthly average dividend income in 2021: $61.86
- $3.35 per day in dividends was earned in September 2021
- 9 months in a row of YoY growth
- Increased forward dividend income by $116.52 during the month
- 3 dividend raises were announced by Fortis, Savaria, and Starbucks
Dividend Income September 2021 Earnings — $100.61
In total, $100.61 was generated from dividend paying stocks in September 2021.
This is the first time ever that more than $100 was earned in one month, which is quite a significant milestone.
Furthermore, dividend income increased by 29% year-over-year compared to September 2020. During the same month last year, $78.08 was earned.
Compared to last quarter (June 2021), income is up by 7.25%, which is a solid increase in a short amount of time.
As of September 30, 2021, year-to-date dividend income is up to $556.74, which is $105.95 more than last year by the end of September. This represents a 23.5% increase.
Stocks That Paid Dividends In September 2021
Eleven stocks paid dividends in September 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 per usual in September, December, March, and June, the bulk of this month’s income was from Enbridge. In total, Enbridge accounted for 62% of this month’s income. To be more exact, it generated $62.63 from 75 shares. Now I own 76 shares because it DRIPed.
The good news is that my reliance on Enbridge decreased since last quarter, as ENB accounted for 66% of my dividend income in June.
Otherwise, Fortis generated 21% of this month’s income, which was up by 3% since last quarter. Adding to Fortis is mostly why my reliance on Enbridge decreased. However, I still need to diversify further.
Outlook — $193.26 To Reach My 2021 Target
At the beginning of 2021, I set a modest financial goal to earn at least $750 in dividend income during the year.
Now that September is over, there are only three months left in 2021. It’s hard to believe how fast the year has gone.
To reach my target, I need to earn at least $193.26 more by December 31, 2021.
This means I must earn an average of $64.42 over the next three months.
Frankly, I don’t see this being a problem at all.
I expect to earn more than $100 in December, and I will earn more than $50 per month in October and November.
Portfolio Activity In September 2021
I did quite a lot of buying in September 2021.
In total, I increased forward annual dividend income by 116.52 during the month.
This is the most I’ve ever added in one month.
To accomplish this, I saved and invested $3,057.56 during the month.
In addition, dividend raises were announced by Fortis, Savaria, and Starbucks.
On September 29th, Fortis Inc. announced a 6% to its annual dividend payment. This marks 48 years of consecutive dividend increases from the company.
Furthermore, Savaria declared a 4.17% dividend increase to its monthly payment.
And Starbucks raised its quarterly dividend from $0.45 per share to $0.49 per share, which represents a 9% annual increase. That is eleven years in a row of dividend raises for Starbucks.
Other than the three dividend raises, dividend income increased through the following purchases:
- Added 5 shares of FTS
- Added 12 shares of AQN
- Increased position in ABBV
- Added 7 more shares of MO
- Bought more GLW
- Initiated a new position in CM (4 shares)
- Added 2 shares of RY
- Added to NA
- Increased position in CSCO
- Added to PLTR
- Bought more fractional shares of SHOP
- Added to SBUX
- Added 3 shares of T.TO
- Bought 1 more share of PLC
- Added to NWH.UN
- Added to SIS
As you can see, I did a lot of buying this month. Most of the purchases were made in my zero-commission Wealthsimple account.
Also worth noting, my diversification range was wide.
Dividend Income September 2021 — Final Thoughts
In summary, I received $100.61 in dividend income during the month of September 2021.
This represents a 29% increase over the same month last year.
Furthermore, this was a significant milestone, as it was the first time ever that I surpassed $100 in one month.
After this month is factored in, year-to-date dividend income is up to $556.74. This represents 23.5% growth over the same time frame as last year.
Otherwise, $116.52 in forward annual income was added during the month. This was achieved through investing over $3,000 into the market.
Moreover, three dividend raises were announced from Fortis, Savaria, and Starbucks.
Now that I have surpassed the $100 per month milestone, $1,000 really doesn’t so far away. Especially if I stay as aggressive as I was this month.
How was your dividend income in September 2021? Did you get paid from any of the same stocks?
Let me know in the comments below.
Related Articles On Dividend Investing
Dividend Income September 2020
I am not a licensed investment or tax adviser. All opinions are my own. This post may contain advertisements by Monumetric and Google Adsense. This post may also contains 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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