Friday, November 13, 2020

Dividend Income - October 2020

 


 

November is already almost halfway through and it is time to report my dividend income. In October 2020 my portfolio dividend income was as follows:

 

 

 

 

 

My Total dividends in October are € 2,015.67 ($ 2,366.78). After tax payments, my net dividend income is € 1,498.47 ($ 1,759.49). In year 2019, my net dividend income in October was € 1,748.16 ($ 1,935.21). My portfolio's net dividend income decreased by € 249.69 or 14.3% to compared the same month of last year. Compared to the previous year, there have been some changes to the dividend income of October: NESTE paid a semi-annual dividend last year in October this year payment is in November. One new holding in a portfolio (UGI), additional purchases (CM.TO), a few dividend cuts (VER and SDIV). I also temporarily doubled my holdings in a few companies while transferring them to another broker. (T.TO and BCE.TO)

 

 


This month's dividend increased my cumulative net dividend income € 90,831.79.

 

 


 

After October my net dividend income is € 13,546.80 ($ 15,165.94), so I have now collected 75% of my target net passive income for this year, which is €18,000.00. It is already clear that I will not achieve my goal. As I have mentioned earlier some companies of my portfolio have already cut, postponed or cancelled dividend payments. Because of this, it is highly unlikely that I will reach my target for dividend income in 2020. A few more dividend cuts and I can be happy if I achieve the same net dividend income as last year, which was around 15,500.00. However, I will continue, according to my own plan and make purchases from what I think are good dividend-paying companies.

 

You can follow the development of my dividends here.

 

Full Disclosure: Long on above mentioned stocks

 

Thanks for stopping by!

 

3 comments:

  1. Hello DividendHawk, great blog! It helps a lot to follow your strategy and consistency! What % of taxes are you actually paying in your country? Which broker are you using? Regards.

    ReplyDelete
  2. Hi and thanks! Dividends are taxed at 25.5% and ETF distributions are taxed at 30%. Nowadays I use LYNX (lynxbroker.de), Nordnet (nordnet.fi/fi) and Danske Bank (danskebank.fi). In addition, I have some holdings in two other banks.

    Thanks for visiting!
    DH

    ReplyDelete
  3. Hawk -

    Man oh man. Over $2k+ in dividend income is no joke. Awe inspiring and surely motivational. Thank you for sharing.

    -Lanny

    ReplyDelete

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