And just like that, it is time for me to post my June 2020 dividend income plus my recent buys! Happily, I got my first haircut in almost 5 months. New York City finally entered Phase 2 of reopening last week and all the barbershops opened on a limited basis (via appointments). I called last Monday morning and asked when I could make an appointment. They had a spot open at 9:00 AM which was in 15 minutes. I jumped on it and ran down there as fast as I could. It felt so great to finally get a hair cut (I noticed they raised their price by $2.00, but I didn’t care). In addition, despite the turmoil of recent months, this was a record-breaking dividend month for me. For June 2020, I received $1,317.38 in dividend income from twenty (20) companies!
- Pfizer (PFE) – $65.36
- Southern Company (SO) – $129.92
- International Business Machine (IBM) – $157.28
- Target Corporation (TGT) – $46.20
- VF Corporation (VFC) – $32.16
- McDonalds (MCD) – $89.21
- Realty Income Corp (O) – $43.80
- Ares Capital (ARCC) – $380.80
- Consolidated Edison (ED) – $44.37
- Johnson & Johnson (JNJ) – $16.16
- Wells Fargo (WFC) – $50.49
- LyondellBasell (LYB) – $42.00
- Dominion Energy (D) – $51.70
- J.M. Smucker Co. (SJM) – $17.60
- 3M (MMM) – $27.93
- Chevron (CVX) – $21.93
- Duke Energy (DUK) – $20.79
- Pepsi (PEP) – $18.41
- United Parcel Service (UPS) – $20.20
- KeyCorp (KEY) – $41.07
June 2020 Dividend Income Total: $1,317.38
That that concludes a recording-breaking month in dividend income. This is also the most companies that have ever paid me in a single month. June 2020’s results show a 25.3% year over year increase from last years number. Double digit year over year growth is certainly worth celebrating in a year as crazy as this one. In addition, I received my first dividend payments from UPS and KEY this past month. The only cuts I received this June were to my hair. However, WFC has announced that they plan to cut in the 3rd quarter of the year. We won’t know by how much they will cut until mid-July.
I had two dividend increases this month. TGT increased their dividend to $0.68 per share. This raised my forward dividend from $184.80 to $190.40. Thus, resulting in a $5.60 increase from TGT. Next, O increased their dividend to $0.2335 per share. This raised my forward dividend from $525.65 to $526.77 for a $1.12 increase from O. Altogether, these dividend increases totaled $6.72 added to my forward yearly dividend income. A small amount, but I will gladly take it!
I made 3 stock purchases last week. First, I added on to my position in DUK by buying 12 more shares. This added $45.36 to my dividend income giving me a total of $128.52 forward annual dividend income from DUK. My next purchase was 35 shares of Genuine Parts Company (GPC). Thus, GPC became the 36th stock in my portfolio. This added $110.60 to my forward yearly dividend income. Finally, my last buy was 33 shares of Emerson Electric Company (EMR). Thus, EMR became the 37th stock in my portfolio. This added $66.00 to my yearly dividend income going forward.
Altogether, all of my stock purchases added a total of $221.96 in dividend income! Where we go from here is anyone’s guess. I will just continue my strategy of saving, investing, repeat. My portfolio now stands to generate $10,664 in dividend income over the next 12 months. This number will decrease pending the WFC cut later this month, but for the year my dividends have been going in the right direction. Purchases, plus those little raises, have exceeded any dividend cuts thus far. Just keep on hoping for the best.
So, how was your month? Anyone break any records? Can you believe there are 6 months left in this turbulent year? Also, any new purchases during this storm? Let me know in the comments below!
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