Time for another dividend update!
For the month of June, I continue to see a decline in my dividend income. It’s expected at this point already, but I think I can remedy this by picking out another stock that would help boost my quarterly average dividends.
TLDR; I have a video as well if you’re not interested in reading.
Here’s a breakdown of my June 2020 dividends.
| PCI | $2.33 |
| AGNC | $1.56 |
| STAG | $3.18 |
| O | $1.99 |
| GOOD | $3.38 |
| LAND | $0.49 |
In total, I made $12.93 in June.
I’m not gonna lie, this is heart-wrenching to look at. But I have to soldier on if I want to survive and grow my portfolio. I’m gonna come out of this stronger and smarter. I know of this.
For June, $O increased their dividend payout by $0.0005 per share. Lucky for me, that translated to a $0.01 increase to my dividends from them (LOL)!
I gotta celebrate what I can celebrate, you know.
This month is significantly lower compared to previous months, not just because of the fact that some of my monthly payers have cut their payouts or completely paused it, but because this month have no quarterly payers at all.
I have quarterly dividends that pay on January and February, but on March, I don’t have any. This is a strategy that a lot of dividend investors use when they don’t want to invest in monthly payers but on quarterly instead. They stagger their dividends every 3 months.
Now my mission is to look for a good quarterly dividend that pays out starting March. By doing so, I can at least balance my earnings or even improve my earnings every month.