Dividend Income – September 2020

We are about to get tested. The next few months are going to be rocky between the US elections and the Covid-19 pandemic. Don’t panic and make sure you know the companies you hold and why you hold them.

As you read through, you will noticed detailed graphs built from all the data I track to monitor and manage my portfolio. Just like an airplane pilot needs its instruments to navigate in the air, I need my investment data to manage my portfolio. Don't manage your portfolio blindly hoping for results, you'll be sorry later.

Stock Trades

I unloaded all my J.P. Morgan stocks. With the proceeds I simply added to AbbVie Inc and Johnson & Johnson.

I bought J.P. Morgan before all the economic challenges as it appeared to be bound to rebound but it’s the opposite that we have now. As I have often been saying, when faced with a down stock, the question is what you do next. I did lose a little bit of dividend income but I am expecting it to be for the better.

Portfolio Management

For Canadians, you’ll notice that if you want good stable dividend income, you will over-index on financials, utilities and telecom stocks. Since my portfolio is slowly transitioning towards an income portfolio, I have a mix of high dividend growth and high dividend income stocks.

Take a minute to look at the sector breakdown compared to the industry breakdown. You will notice that my financials is mostly broken down into Canadian Banks and US Credit Card stocks and my exposure to risk differs. I have a little bit of insurance sprinkled in there.

Sector Allocation September 2020
Industry Allocation September 2020

Dividend Income

My September dividend income is at $2,928. I am flirting with the $3,000 mark … I DRIP everywhere except in my non-registered account. It’s the only account I can add money once the TFSA is full and since the account is now closed to $200K in value, I want to add the dividends to specific holdings.

My income yield looks like this from my categorization.

wdt_IDDividendLow GrowthMedium GrowthHigh GrowthTotal
2Low Yield10.210.0028.8139.02
3Medium Yield0.0016.8114.2631.07
4High Yield1.9627.940.0029.90

Here is the income breakdown.

  • CAD $2,2184.99
  • USD $727.83
Dividend Income September 2020
Monthly Yield September 2020
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DISCLOSURE: Please note that I may have a position in one or many of the holdings listed. For a complete list of my holdings, please see my Dividend Portfolio.

DISCLAIMER: Please note that this blog post represents my opinion and not an advice/recommendation. I am not a financial adviser, I am not qualified to give financial advice. Before you buy any stocks/funds consult with a qualified financial planner. Make your investment decisions at your own risk – see my full disclaimer for more details.