Dividend Income Report – June 2020

By | July 1, 2020

The first half of the year is officially behind us. Life is just crazy right now. There’s a global pandemic going on and many Americans (myself included) are forced to quarantine themselves. My heart goes out to anyone negatively impacted by Covid-19. Here’s hoping that the second half of the year will be a better than the first. In addition to the coronavirus, I am anxiously awaiting a closing date for the condo. I am really hoping it will be this month, but no official word as of yet. Not to mention, I’m supposed to be relocating to a new state in July! But, amidst everything that’s going on right now, it’s comforting to know that the one thing I can count on is receiving monthly dividends income. So, without further adieu, let’s see how much dividend income I earned in June 2020.

Dividend Income

In June 2020, I earned $10.29 in dividends broken down as follows:

NO.STOCKNAMEDIVIDENDS
1EDConsolidated Edison$0.69
2EMREmerson$0.65
3GWWW.W. Grainger$0.46
4IBMInternational Business$0.93
5JNJJohnson & Johnson$0.67
6LMTLockheed Martin$0.72
7MCDMcDonalds$0.97
8MMM3M Company$1.08
9MSFTMicrosoft$0.22
10ORealty Income$0.61
11PEPPepsi$1.23
12PFEPfizer$0.69
13XOMExxon Mobile$1.37
$10.29

Wow! This is the first time I’m breaking double-digits since restarting my portfolio. But, perhaps even more impressive is the fact that this is the first time 13 companies have paid me dividends in a single month. Previously, the most companies I had that paid me dividends in a single month was 8. So, June was the first time I am receiving dividends from the following companies: ED, IBM, LMT, PEP. I guess I’m just going to have to get to this new normal!

Annual Income

Here is the graphical representation of the dividends earned in June in relation to the dividends earned in previous years.

Here is the raw data:

MONTH2017201820192020Rate
January$0.00$14.93$37.54$2.22-94.09%
February$0.00$77.66$141.16$7.49-94.69%
March$0.00$72.93$136.45$78.68-42.34%
April$0.41$31.47$55.39$0.33-99.40%
May$2.85$79.33$142.69$2.23-98.44%
June$16.89$98.51$160.47$10.29-93.59%
July$5.99$42.32$59.68  
August$21.95$108.44$147.73  
September$28.72$111.15$151.66  
October$23.21$48.09$3.00  
November$62.11$124.92$7.18  
December$76.51$140.24$116.51  

As you can see, in June, I earned 93.59 LESS dividends than I did in 2019. Notably, this is a slight improvement in terms of percentage from my May 2020 Dividend Income Report. The trend is moving in the right direction and eventually, I will get back into positive territory.

Finally, the Dividend Tracker has been updated accordingly.

Forward Annual Dividends

At the time of this writing, my forward annual dividends is $183.75. In my last dividend income report, my forward annual dividends was $166.60. This represents a 10% increase from the previous month. I didn’t expect a double-digit increase from the previous month, but I’ll take it.

What Expenses Would Dividends Cover?

This is a fairly new section to the monthly report. Here, I visualize what expenses my annual dividend income could pay for.

$183.75 per year is $15.31 dividends per month, on average. At present, I pay $1 per month to use Acorns. Also, my Hulu Plus bill is $6.41 per month. I earn enough in dividends to cover both Acorns and Hulu Plus. The next bill I am targeting is Amazon Prime. That amount is $14.13 per month. The immediate goal will be to see if I can generate enough dividends to cover all three bills for the year.

Although the $183.75 was an increase from the previously reported forward annual income, I don’t yet earn enough in dividends to cover all 3. But, the dividends will keep growing and so at some point, I’ll get there. The following is a list of expenses I am currently targeting:

Adopt A Stock Project

For the month of July, both MO and XOM have been identified as the most undervalued stocks of the month. Therefore, I will attempt to buy at least one additional share in each of those stocks during the month of July.

Although MO was adopted in June, I forgot to purchase an additional share. So, for July, I’ll purchase at least two additional shares in MO to make up for the difference.

Conclusion

I’m very glad the first half of the year is over and I’m really looking forward to ending this year on a good note. July is HUGELY consequential for me. I have a lot going on. Based on what happens this month, I have the potential of having either a really good year or a really bad one! Only time will tell. Regardless though, I know I can count on my dividends to come in month after month.

How was June for you? Did you break any records or reached a new milestone? What did you think of this post? Let me know by commenting below.

Stay safe.

8 thoughts on “Dividend Income Report – June 2020

    1. Dividend Portfolio Post author

      Thanks MDD. Now, unto triple-digits!

      Reply
  1. Chris@TTL

    Glad to see some dividends growth for you! Like you said, onto triple digits next! 🙂 We just added dividends to our monthly reports, got some catching up to do!

    Looking forward, once unemployment and other stimulus dies down – any guesses on whether dividends are going to get cut in quick succession?
    Chris@TTL recently posted…Credits & Dividends Yield 78% Savings Rate for June 2020My Profile

    Reply
    1. Dividend Portfolio Post author

      I’m glad you added dividends to your monthly reports. It’s good to see growth on a quarterly or annual basis. In terms of guesses, we did see dividend cuts already presumably due to COVID-19 and I suspect we will see more, especially over concerns of a second wave. That’s why I prioritize investing in those companies with a long history of dividend increases, no matter what. Hence, I’m a huge fan of dividend kings and dividend aristocrats. But you just never know if and when a company will cut its dividend. Therefore, diversification and proper asset allocation are key to a successful dividend growth investment strategy. Good luck and thanks for stopping by. Don’t be a stranger!

      Reply
  2. Mr. Robot

    Congrats on breaking the # companies and your highest dividends since restarting your portfolio. I really like your new section on what your dividends might cover! I might be borrowing that idea for my July post.
    Mr. Robot recently posted…June 2020 Dividend ReportMy Profile

    Reply
    1. Dividend Portfolio Post author

      Thanks and feel free to use the idea. It’s become one of my favorite things, especially when I can cross off another bill that can be paid with dividend income.

      Reply
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