Time to post my May 2020 dividend income! And wow! Can you believe that half the year is over? It has been a weird (and tragic) half of the year to say the least. Honestly, I don’t know what to say except I am looking forward to a better 2021 hopefully. I am still steadfastly committed to my dividend investing plans for financial freedom. My savings have been building these past few months and I am getting ready for some new stock purchases either later this month or in July. We shall see what the rest of this quarter brings. But without further ado, for May 2020, I received $678.45 in dividend income from eight (8) companies.
- AT&T (T) – $240.76
- Sprague Resources (SRLP) – $96.79
- Omega Healthcare Investors (OHI) – $167.50
- Procter & Gamble Company (PG) – $19.77
- Realty Income Corp (O) – $43.80
- General Mills (GIS) – $49.98
- AbbVie Inc. (ABBV) – $38.94
- Verizon (VZ) – $20.91
May 2020 Dividend Income Total: $678.45
Not a bad month, but not a record month either. This month shows a negative 26.2% year over year decrease from May 2019. This is due to last years summer re-balancing of my portfolio which shifted a lot of dividend income over to the quarter starting and ending months. This post is the last time last year’s re-balance will result a negative YOY growth. In addition, for a mid-quarter month, this was the largest amount of companies that ever paid me (8). In addition, I received my first ever dividend payment from VZ. I am very happy with about that!
As you may or may now know, I suffered my first COVID-19 linked dividend suspension. KTB suspended its dividend until a sense of economic normalcy returns. Thus, $20.16 was shaved off my forward annual dividend income. I don’t plan on selling this stock as it is my smallest position and I obtained this from the VFC spinoff. I will wait and see what happens in the future.
There were also dividend increases this month. First, PEP increased its dividend to $1.0225 per share. As a result, this raised my forward yearly dividend income from $68.76 to $73.62 for a $4.86 increase from PEP. Next, CAH increased their dividend to $0.4859 per share. This raised my forward yearly dividend income from $86.60 to $87.46 for a $0.86 increase from CAH. Altogether, my total amount resulting from dividend increases is $5.72 added to my yearly dividend income.
In total, with the dividend increases minus the suspension, the end result was a net loss of $14.44. It does suck, but it could also have been a lot worse. At that concludes the month of May 2020. My portfolio now stands to generate $10,435 in dividend income over the next 12 months. Looking forward to a record-breaking June and hopefully, no more dividend cuts or suspensions. So, how did the rest of you do this month? Make any good stock purchases? Do you think the clouds are starting to clear in this crisis? Let me know in the comments below!
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