Dividend income May 2021: Chronicling monthly dividend income to document the journey to financial independence. 2.5% year-over-year (YoY) growth.
Another month has passed, so it’s time to report how much dividend income was received in May 2021.
Although May 2021 produced modest growth, it’s now the 5th straight month in a row of year-over-year (YoY) growth.
Dividend income has been higher every single month this year (January to May).
So, it’s safe to say that the year is off to a strong start.
Furthermore, my income is on the rise now and I will be able to save a lot more in the coming months.
Because of this, I am forecasting that earnings will jump from here. A new all-time record month will be achieved in June, and I anticipate that this will be the last month below $50 ever reported.
But let’s not get too far ahead of ourselves. For now, it’s time to cover how much dividend income was earned in May 2021.
Let’s dive into the highlights.
Dividend Income May 2021 Highlights
- Total dividend income in May 2021 was $42.66
- 2.5% year-over-year increase compared to May 2020
- Year-to-date income from dividends is $256.92(January 1, 2021 to May 31, 2021)
- 10 stocks paid dividends
- All-time dividend income received is$1,888.10(June 2017 to May 2021)
- Monthly average dividend income in 2021:$51.38
- 5 months in a row of YoY growth
Dividend Income May 2021 Earnings: $42.66
The portfolio generated $42.66 in dividend income in May 2021.
This represents a 2.5% year-over-year increase compared to May 2020.
Total year-to-date (YTD) income is up to $256.92. Compared to the same point last year, dividend income is up by 12.43% or $28.40.
Compared to the previous quarter (February 2021), income is up by 2.7% or $1.12. The quarterly increase can be attributed to owning additional shares of Royal Bank (RY).
Stocks That Paid Dividends
Ten stocks paid dividends in May 2021:
- Royal Bank of Canada (Ticker:RY)
- Riocan REIT (Ticker: REI.UN)
- SmartCentres REIT (Ticker: SRU.UN)
- Choice Properties Investment Trust (Ticker:CHP.UN)
- Starbucks (Ticker: SBUX)
- 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, one of my core positions led the way by generating the bulk of my dividend income.
This month, Royal Bank accounted for 73% of dividend income.
To put it bluntly, I struggle to find other quality positions to invest in for this quarter. This is why I recently wrote a post about stocks that pay dividends in February, May, August, and November. In my opinion, the best 3 stocks that pay in these months are Royal Bank, Apple, and Proctor & Gamble. So, don’t be surprised if you see more Apple or Proctor & Gamble in my portfolio next quarter.
After Royal Bank, I received distributions from RioCan, SmartCentres REIT, and Choice Properties REIT. They each accounted for between 3-to-8% of this month’s income.
Otherwise, Apple and Starbucks chipped in 5% combined, and Vitreous Glass and Park Lawn Corporation added 2% each.
NorthWest HealthCare Properties and Savaria are small positions that I plan on adding more to as well.
Outlook: $493.08 More To Achieve My 2021 Target
At the beginning of the year, I set a modest goal to earn at least $750 in dividend income after earning $621.28 in 2020.
After factoring in May’s dividend income, I still need to earn $493.08 more to reach this goal.
Considering that there are 7 more months to go, this means I must earn at least $70.44 per month.
At this point, it might seem as though I will fall short of this target.
However, I believe it is still well within reach.
Next month should see a new all-time record, and a higher amount of savings during the summer will boost income over the final 6 months of the year.
Based on my current projections, I will earn at least $715 worth of dividend income even if I fail to save another dime.
Portfolio Activity in May 2021
Over the past few months, I have included my portfolio activity in the reports to provide a more transparent look at my investing moves. I include all buys and sells, if there are any.
Although dividend investing is my main strategy, I also invest in growth stocks and track my total investment returns.
I compare my returns to the S&P 500 to make sure my total returns are outpacing it. For the record, I am still outpacing the S&P 500 year-to-date.
Most of the activity below were small purchases in my zero-commission WealthSimple TFSA.
Here is a summary of my portfolio activity in May 2021:
- Initiated a position in Algonquin Power & Utilities (AQN)
- Added to Palantir (PLTR) in RRSP
- Added to Fortis (FTS)
- Bought Corning Incorporated (GLW) in RRSP
- Added to NorthWest Healthcare REIT (NWH.UN)
- Bought 1 more share of Telus (T.TO) in my blog earnings account
- Added to Bitcoin (BTC)
- Added to Ethereum (ETH)
Dividend Income May 2021 – Final Thoughts
In summary, I earned $42.66 in dividend income in May 2021.
This represents a 2.5% year-over-year increase compared to May 2020.
After factoring in this month’s dividend income, year-to-date passive income is up to $256.92.
Moreover, the portfolio’s total return is still managing to outperform the S&P 500 by a small margin.
Based on my income projections for the remainder of the year, I still expect to beat my dividend income target of at least $750.
How was your dividend income in May 2021?
Related Articles On Dividend Investing
All Dividend Income Updates Since 2017
Dividend Income May 2020
Dividend Income February 2021
Stocks That Pay Dividends In February, May, August, and November
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