Well… after a month to remember, it is time to post my March 2020 dividend income plus my recent buys. On March 1st, I posted how huge a workload I had and how I was doing lots of overtime at work. Now, the work has ground to a near complete halt… much like the rest of life here in New York City. I work for the city and am considered an “essential” employee so I have to go to the office on a 1 day per week shift. The rest of the work week is remote work from home when needed. Covid-19 is spreading like wildfire here with over 40,000 confirmed cases and 1 death every 3 minutes. I found out a few days ago, my boss tested positive for Covid-19 and is recovering. A few of my co-workers are out sick as well, although nothing has been confirmed yet.
In addition, shopping has been a task. I have to travel to 4 or more stores throughout the week to try and get everything I need. Last month, I could get everything within 25 minutes just by stopping at 2 stores.
Now, the aisles are empty, hours have changed, and there are lines to get in as certain stores will only allow a certain amount of people in at a time. Every aspect of life has been disrupted, but I am doing my best to stay healthy, smart, and calm. On the personal finance side of this, for March 2020, I received $1,234.99 in dividend income from nineteen (19) companies!
- Pfizer (PFE) – $65.36
- Southern Company (SO) – $125.86
- International Business Machine (IBM) – $156.32
- Target Corporation (TGT) – $46.20
- VF Corporation (VFC) – $32.16
- McDonalds (MCD) – $89.21
- Realty Income Corp (O) – $43.71
- Ares Capital (ARCC) – $380.80
- Consolidated Edison (ED) – $44.37
- Johnson & Johnson (JNJ) – $15.20
- Wells Fargo (WFC) – $31.62
- LyondellBasell (LYB) – $42.00
- Kontoor Brands (KTB) – $5.04
- 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) – $17.19
March 2020 Dividend Income Total: $1,234.99
That is a record-breaking number of dividends from a record number of companies! Compared to last March 2019, this year shows a 21.8% year over year increase. Double digit growth rates are always welcome.
Also, I am happy to report that I received my first dividend payments from CVX and DUK this past month. Like many, my portfolio value had taken a large hit. Nearly $100K in value was shaved off at the worst of this crisis.
Nevertheless, the dividends still came in strongly this month. Next, there are the dividend increases and recent buys.
There was just one dividend increase this month. O increased its dividend to $0.233 per share. Thus, this increased my dividends from $524.52 to $525.65 for a $1.13 increase from O. A small amount, but I will gladly take it! Finally, taking advantage of market turmoil, I made two new stock purchases this passed month.
My first purchase was adding to my position in Wells Fargo (WFC). I bought 37 shares of WFC which added $75.48 to my dividend income. Therefore, in total, I now have 99 shares of WFC which generate a total of $201.96 in dividend income annually. My second purchase was 43 shares of Eastman Chemical Company (EMN). Thus, EMN becomes the 34th stock in my portfolio. The EMN purchase added $113.52 to my dividend income. Altogether, these purchases added $189 to my forward yearly dividend income.
And that wraps up the month. My portfolio now stands to generate $10,318 in dividend income over the next 12 months. Who really knows what April is going to bring? I don’t know what is going to happen. All I really do know for sure is that I am bound to be home a lot now. I still have $2000 to make new purchases, so I will probably do that in April sometime.
So, how about the rest of you? How did you do this month? Also, did you make any recent stock purchases? Above all, are you getting through this okay? Let me know in the comments below!
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