Investing

What is your monthly dividend income ?

  • Last Updated:
  • Jul 1st, 2020 3:14 pm
Deal Addict
Feb 26, 2017
1681 posts
1757 upvotes
fisher44 wrote: am i right in assuming most dividends top out around 6-7% distribution yield? so for most people, every $10k invested should net you about $50/month. someone making $1000/month would need to have about 200k invested.
I think 6-7% is a bit on the high side but I think you could get pretty decent Canadian portfolio that has a 5% yield.

I had two paper portfolios for high yield (one with a 6% and one with an 8% yield). They've under performed pretty badly during Covid with multiple dividend cuts.
Deal Addict
Jul 23, 2007
4188 posts
2336 upvotes
I'm roughly 4% yield for the taxable portfolio, but I'm also in a number of Canadian sectors that aren't noted for their higher yields. Consumer discretionary, consumer staples and industrials.
[OP]
Jr. Member
Mar 17, 2015
177 posts
48 upvotes
North York, ON
reps001 wrote: If you have RRSP long time, that 1000 is possible.
Only 200/month in TFSA for me.
How much have you invested so far ? I am trying to make $100 per month. What did you invest it in ?
Member
Feb 8, 2015
365 posts
312 upvotes
Manotick, ON
Unless you are retiring in 3 years, I don't get why you would even want dividend income.

Personally it is such a hassle ($150 per company here and there. I would much rather they buyback their own shares rather than me having to re-invest my dividends)

Some of my best performing stocks (Netflix, Amazon, etc) ($1,000 invested worth $10,000 right now) actually pay $0 dividends.

Some of my worst performing stocks (Cineplex, Ford) pay out very high dividends. I am actually sitting on big capital losses even when taking into account the dividends they have paid out. (e.g. $1000 worth $800)
Sr. Member
Jan 6, 2015
787 posts
213 upvotes
Cocoboy1993 wrote: How much have you invested so far ? I am trying to make $100 per month. What did you invest it in ?
around 40k for dividend, none of them is US stock, several REITs, ENB, T, IPL, FN and HMUS. :rolleyes:
Deal Addict
User avatar
Oct 7, 2012
1449 posts
272 upvotes
Montreal
over last year

T:Jun. 11, 2020S:Jun. 11, 2020 CAD Dividend MICROSOFT CORPCASH DIV ON 28 SHS REC 05/21/20 PAY 06/11/20 NON-RES TAX WITHHELD MSFT:US - - $19.13
T:May 22, 2020S:May 22, 2020 CAD Dividend ROYAL BANK OF CANADACASH DIV ON 133 SHS REC 04/23/20 PAY 05/22/20 RY:CDN - - $143.64
T:May 14, 2020S:May 14, 2020 CAD Dividend APPLE INCCASH DIV ON 12 SHS REC 05/11/20 PAY 05/14/20 NON-RES TAX WITHHELD AAPL:US - - $13.86
T:May 1, 2020S:May 1, 2020 CAD Dividend NATIONAL BANK OF CANADACASH DIV ON 42 SHS REC 03/30/20 PAY 05/01/20 NA:CDN - - $29.82
T:Apr. 30, 2020S:Apr. 30, 2020 CAD Dividend TORONTO-DOMINION BANKCASH DIV ON 8 SHS REC 04/09/20 PAY 04/30/20 TD:CDN - - $6.32
T:Apr. 28, 2020S:Apr. 28, 2020 CAD Dividend CANADIAN IMPERIAL BANK OF COMMERCECOMMERCE CASH DIV ON 207 SHS REC 03/27/20 PAY 04/28/20 CM:CDN - - $302.22
T:Mar. 16, 2020S:Mar. 16, 2020 CAD Dividend MCDONALDS CORPCASH DIV ON 2 SHS REC 03/02/20 PAY 03/16/20 NON-RES TAX WITHHELD MCD:US - - $3.46
T:Mar. 12, 2020S:Mar. 12, 2020 CAD Dividend MICROSOFT CORPCASH DIV ON 28 SHS REC 02/20/20 PAY 03/12/20 NON-RES TAX WITHHELD MSFT:US - - $19.65
T:Feb. 24, 2020S:Feb. 24, 2020 CAD Dividend ROYAL BANK OF CANADACASH DIV ON 133 SHS REC 01/27/20 PAY 02/24/20 RY:CDN - - $139.65
T:Feb. 13, 2020S:Feb. 13, 2020 CAD Dividend APPLE INCCASH DIV ON 12 SHS REC 02/10/20 PAY 02/13/20 NON-RES TAX WITHHELD AAPL:US - - $12.23
T:Feb. 3, 2020S:Feb. 3, 2020 CAD Dividend NATIONAL BANK OF CANADACASH DIV ON 42 SHS REC 12/30/19 PAY 02/01/20 NA:CDN - - $29.82
T:Jan. 28, 2020S:Jan. 28, 2020 CAD Dividend CANADIAN IMPERIAL BANK OF COMMERCECOMMERCE CASH DIV ON 207 SHS REC 12/27/19 PAY 01/28/20 CM:CDN - - $298.08
T:Jan. 16, 2020S:Jan. 16, 2020 CAD Dividend WALT DISNEY COCASH DIV ON 8 SHS REC 12/16/19 PAY 01/16/20 NON-RES TAX WITHHELD DIS:US - - $9.17
T:Dec. 16, 2019S:Dec. 16, 2019 CAD Dividend MCDONALDS CORPCASH DIV ON 2 SHS REC 12/02/19 PAY 12/16/19 NON-RES TAX WITHHELD MCD:US - - $3.30
T:Dec. 12, 2019S:Dec. 12, 2019 CAD Dividend MICROSOFT CORPCASH DIV ON 28 SHS REC 11/21/19 PAY 12/12/19 NON-RES TAX WITHHELD MSFT:US - - $18.81
T:Nov. 22, 2019S:Nov. 22, 2019 CAD Dividend ROYAL BANK OF CANADACASH DIV ON 133 SHS REC 10/24/19 PAY 11/22/19 RY:CDN - - $139.65
T:Nov. 14, 2019S:Nov. 14, 2019 CAD Dividend APPLE INCCASH DIV ON 12 SHS REC 11/11/19 PAY 11/14/19 NON-RES TAX WITHHELD AAPL:US - - $12.23
T:Nov. 1, 2019S:Nov. 1, 2019 CAD Dividend NATIONAL BANK OF CANADACASH DIV ON 42 SHS REC 09/30/19 PAY 11/01/19 NA:CDN - - $28.56
T:Oct. 28, 2019S:Oct. 28, 2019 CAD Dividend CANADIAN IMPERIAL BANK OF COMMERCECOMMERCE CASH DIV ON 201 SHS REC 09/27/19 PAY 10/28/19 CM:CDN - - $289.44
T:Sep. 17, 2019S:Sep. 17, 2019 CAD Dividend MCDONALDS CORPCASH DIV ON 2 SHS REC 09/03/19 PAY 09/17/19 NON-RES TAX WITHHELD MCD:US - - $3.07
T:Sep. 12, 2019S:Sep. 12, 2019 CAD Dividend MICROSOFT CORPCASH DIV ON 28 SHS REC 08/15/19 PAY 09/12/19 NON-RES TAX WITHHELD MSFT:US - - $16.98
T:Aug. 23, 2019S:Aug. 23, 2019 CAD Dividend ROYAL BANK OF CANADACASH DIV ON 133 SHS REC 07/25/19 PAY 08/23/19 RY:CDN - - $135.66
T:Aug. 15, 2019S:Aug. 15, 2019 CAD Dividend APPLE INCCASH DIV ON 12 SHS REC 08/12/19 PAY 08/15/19 NON-RES TAX WITHHELD AAPL:US - - $12.29
T:Aug. 1, 2019S:Aug. 1, 2019 CAD Dividend NATIONAL BANK OF CANADACASH DIV ON 42 SHS REC 06/25/19 PAY 08/01/19 NA:CDN - - $28.56
T:Jul. 29, 2019S:Jul. 29, 2019 CAD Dividend CANADIAN IMPERIAL BANK OF COMMERCECOMMERCE CASH DIV ON 188 SHS REC 06/28/19 PAY 07/29/19 CM:CDN - - $263.20
T:Jun. 17, 2019S:Jun. 17, 2019 CAD Dividend MCDONALDS CORPCASH DIV ON 2 SHS REC 06/03/19 PAY 06/17/19 NON-RES TAX WITHHELD MCD:US - - $3.11
T:Jun. 13, 2019S:Jun. 13, 2019 CAD Dividend MICROSOFT CORPCASH DIV ON 28 SHS REC 05/16/19 PAY 06/13/19 NON-RES TAX WITHHELD MSFT:US - - $17.17
T:May 24, 2019S:May 24, 2019 CAD Dividend ROYAL BANK OF CANADACASH DIV ON 133 SHS REC 04/25/19 PAY 05/24/19 RY:CDN - - $135.66

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Deal Addict
Apr 27, 2015
1806 posts
662 upvotes
garmium wrote: Unless you are retiring in 3 years, I don't get why you would even want dividend income.

Personally it is such a hassle ($150 per company here and there. I would much rather they buyback their own shares rather than me having to re-invest my dividends)

Some of my best performing stocks (Netflix, Amazon, etc) ($1,000 invested worth $10,000 right now) actually pay $0 dividends.

Some of my worst performing stocks (Cineplex, Ford) pay out very high dividends. I am actually sitting on big capital losses even when taking into account the dividends they have paid out. (e.g. $1000 worth $800)
It depends :)
2 of my best performing stocks in 9 years of investing LMT and AAPL pay nice dividends
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Deal Addict
Oct 18, 2014
2936 posts
2956 upvotes
Oakville, ON
Where do you get started buying individual dividend funds ? Have an index one fund one but it’s getting currently obliterated

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