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. | STOCK | NAME | DIVIDENDS |
| 1 | ED | Consolidated Edison | $0.69 |
| 2 | EMR | Emerson | $0.65 |
| 3 | GWW | W.W. Grainger | $0.46 |
| 4 | IBM | International Business | $0.93 |
| 5 | JNJ | Johnson & Johnson | $0.67 |
| 6 | LMT | Lockheed Martin | $0.72 |
| 7 | MCD | McDonalds | $0.97 |
| 8 | MMM | 3M Company | $1.08 |
| 9 | MSFT | Microsoft | $0.22 |
| 10 | O | Realty Income | $0.61 |
| 11 | PEP | Pepsi | $1.23 |
| 12 | PFE | Pfizer | $0.69 |
| 13 | XOM | Exxon 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:
| MONTH | 2017 | 2018 | 2019 | 2020 | Rate |
| 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.
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