Welcome to this month’s report. 2020 is now halfway over, and it has been one year to remember (or forget) so far. The markets in June started out strong, but after a little volatility, ended relatively flat. With the exception being the NASDAQ, as it seems gaining at least 5% per month is just the new normal.
Definitely not into betting against any of the high-flying tech valuations, but will admit I have some concerns on how much longer this can last.
Have the markets gotten a bit ahead of themselves? Maybe. Could this keep going on for another decade? Who knows. That’s why it’s best to just stick with an investment plan that reflects the proper asset allocations for your age, goals, and risk tolerance.
With all that said, I have been putting less new cash into the markets than usual. And for the first time in years, have even sold out of a few positions. But as noted in the end of the report, not for valuation reasons.
Below is the dividend income received during June: (Values are in USD)
ADM – 23.40
ALE – 24.70
AVGO – 22.75
AWK – 24.20
AWR – 15.25
CHD – 17.28
CVX – 25.80
D – 20.68
DFS – 18.04
EMR – 20.00
FDS – 1.54
FLO – 20.00
GILD – 10.20
GWRS – 3.62
IBM – 39.12
JNJ – 10.10
JKHY – 2.15
KEY – 18.50
KHC – 20.00
LYB – 24.15
MCD – 26.25
MMM – 36.75
NEE – 4.20
O – 10.49
PEP – 15.34
PEP* – 23.92
PLOW – 12.88
RDSB* – 8.95
ROL* – 4.84
SAFT – 11.70
SJM – 20.24
SJW – 6.40
SO – 41.60
TGT – 42.90
UL – 24.45
UNP – 19.40
VTI* – 11.90
WM – 27.25
WMT – 15.12
WTRG – 12.18
XOM – 22.62
XYL – 1.30
YUM – 7.99
ZTS – 1.20
June Dividend Totals: $771.35
Total Companies: 43 (positions marked “*” are held in an IRA)
Month Increase YoY: 62.9%
Below each purchase is a max view chart taken on the last day of the month. The screenshots are from Google Finance and include some extra metrics on the buys.
2 shares – JNJ @ $138.31 (existing position)
1 share – PEP @ $129.76 (existing position)
2 shares – AWK @ $121.62 (existing position)
10 shares – NWN @ $53.99 (existing position)
3 shares – WTRG @ $41.36 (existing position)
1 share – WM @ $102.62 (existing position)
These (6) purchases added $40.64 to yearly dividend income.
In total, $1416 from built up dividends was deployed in the month for the purchases.
First off, hope this isn’t a reoccurring category, as being long term focused and patient are key in building any portfolio.
But they are as follows…
8 shares – MTN @ 183.68 (sold out)
14 shares – YUMC @ 51.24 (sold out)
50 shares – WRK @ 27.94 (sold out)
In total, $3584 in cash was generated from these (3) sales. And $40.00 was removed from yearly dividend income.
The sales were made for the primary purpose of building up a down payment on a possible house/investment property this year. The housing market is crazy right now. Too high imo. But has been for almost 5 years of tracking.
And just to clarify, the sales weren’t just from the result of slowing revenue growth, high debt loads, dividend cuts/suspensions, etc.
But the above factors sure didn’t help the cases for these companies to stay in the portfolio. In the end, something had to be sold to help build cash. However, I have nothing against adding these positions back to the portfolio again in the future. And with my past luck of selling, I wouldn’t be surprised if these names go on now to reach new highs…
Funny to note, as this wasn’t done intentionally, but with the annual dividend income gain of $40.64 from the buys and a loss of exactly $40.00 from the sales, the net gain was 64 cents for the month. Perfect, no loss for June.
Thanks for reading and have a great month!
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6 thoughts on “June 2020 Dividend Income & Recent Buys”
With half the year over I am leaning towards a year to forget, lol. Anyway, nice 62%+ YOY growth! And congrats on a $771 dividend month! Great to see the dividends still rolling in strong. Keep up the great work! 😀
Hey Dynasty! Same on the year to forget. Haha. Thanks and yeah, was planning on crossing 800 this month but some cuts and companies changing payment month had something to say about that. Still an all time high so am grateful. Have a great month and stay at it!
Fantastic month Divcome! Congrats on the strong dividend income and the stock purchases. I love that you were able to grab shares of JNJ.
Hey Bert, thank u yeah the month was an all time record! Your month report was very impressive over there. Great stuff. Looking to increase the JNJ position by a lot if yield dips to 3% again!
That’s a nice long list of dividend payers. As usual nice to see we share many names. Keep up the good work and look forward to seeing where you deploy your cash in the second half of 2020.
Thanks Hut! For sure nice to see similar holdings out there. Got to keep putting money to work but it’s been tough with only one small buy this month so far.
Would be surprised if the markets keep going straight up for the rest of the year but looking forward to what happens to close out 2020.