Midway through summer and it is time to post my July 2020 dividend income. It was a fairly quiet July (which I am not complaining about after months of death and chaos). It was my birthday on July 7. Then on July 9, I realize it was my 3-year blogiversary. I have been here for 3 years already. Time sure does fly. Next, I made some new stock purchases (and one sell) by the middle of July. Then last week I received a surprise $5,000 bonus in my paycheck. After the taxes were taken out it was no longer $5K, but I was happy to receive extra cash nonetheless. But without further ado, for the month of July 2020, I received $614.23 in dividend income from eight (8) companies!
- Medical Properties Trust (MPW) – $243.00
- Starwood Property Trust (STWD) – $171.36
- Realty Income Corp (O) – $43.90
- GlaxoSmithKline (GSK) – $56.87
- Illinois Tool Works Inc. (ITW) – $16.05
- Cardinal Health Inc. (CAH) – $21.87
- Leggett and Platt Inc. (LEG) – $32.80
- Eastman Chemical Co. (EMN) – $28.38
July 2020 Dividend Income Total: $614.23
And that is a record for a quarter starting month! For July 2020, this year’s dividend income shows a 32.3% year over year increase from July 2019. That is some awesome growth at over $150 in dividends since last year. Also, this was the largest amount of companies that have ever paid my on a quarter starting month. In addition, I received my first ever dividend payment from EMN! Now on to dividend increases (and cuts).
I guess I will get the worst over with first. WFC cut their dividend by 80% to $0.10 per share. As a result, my dividend income from WFC was reduced from $201.95 to $39.60 for a $162.31 decrease. Ouch! I have no plans on selling WFC which I believe will bounce back after this crisis is over with. Now on to the increases!
First, DUK increased their dividend to $0.965 per share. Thus, my dividend income increased from $128.52 to $131.24 for a $2.72 increase from DUK. Next, SJM increased dividend to $0.90 per share. This increased my dividend income $70.40 to $72.00 for a $1.60 increase from SJM. Finally, GSK raised their dividend to $0.484 per share. This raised my dividend income $223.20 to $232.32 for a $9.12 increase from GSK.
Altogether, these dividend increases totaled $13.44. Of course, when you factor in the WFC cut, I am in the red at a negative $148.87 loss in dividend income. I guess you win some, you lose some. But I am still in the game and fighting hard. This is a long-term game. My portfolio now stands to generate $10,531 in dividend income over the next 12 months. I am in saving mode now and will probably not many any new stock purchases until October.
So, how did you do this month? Break any records? Also, do you own WFC and are you planning to hold, sell, or buy more? Let me know in the comments below!
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