Time for another dividend income update! Let’s look at the 9 Dividend Paychecks I got for August 2021.
Here are the 9 paychecks I got in August 2021!
| Company | Ticker Symbol | Dividend Payout |
|---|---|---|
| AT&T | T | $15.60 |
| PIMCO Dynamic Credit and Mortgage Income Fund | PCI | $2.61 |
| AGNC Investment Corporation | AGNC | $1.80 |
| Enterprise Partners Products, LP | EPD | $1.35 |
| Main Street Capital | MAIN | $0.13 |
| Realty Income | O | $2.59 |
| Stag Industrial | STAG | $4.35 |
| New York Community Bancorp | NYCB | $0.85 |
| Gladstone Commercial Corporation | GOOD | $5.63 |
| TOTAL: | $34.91 |
Monthly & Quarterly Comparisons
PREVIOUS QUARTER
May Dividends: $31.56
August Dividends: $34.91
RESULTS: 🔼 Up by $3.35
| Ticker Symbol | May Dividends | August Dividends | Change |
|---|---|---|---|
| T | $14.04 | $15.60 | +$1.56 |
| PCI | $2.61 | $2.61 | – |
| AGNC | $1.80 | $1.80 | +$0.24 |
| EPD | – | $1.35 | no previous dividends |
| MAIN | – | $0.13 | no previous dividends |
| O | $2.59 | $2.59 | – |
| STAG | $4.35 | $4.35 | – |
| NYCB | – | $0.85 | no previous dividends |
| GOOD | $5.63 | $5.63 | – |
PREVIOUS MONTH
July Dividends: $57.38
August Dividends: $34.91
RESULTS: 🔽 Down by $22.47
| Ticker Symbol | July Dividends | August Dividends | Change |
|---|---|---|---|
| T | – | $15.60 | no previous dividends |
| PCI | $2.61 | $2.61 | – |
| AGNC | $1.80 | $1.80 | – |
| EPD | – | $1.35 | no previous dividends |
| MAIN | – | $0.13 | no previous dividends |
| O | $2.59 | $2.59 | – |
| STAG | $4.35 | $4.35 | – |
| NYCB | – | $0.85 | no previous dividends |
| GOOD | $5.63 | $5.63 | – |
Buys & Sells for August
BUY 🔼
| Date | Ticker Symbol | # of Shares | Market Price | Cost |
|---|---|---|---|---|
| 8/3/2021 | MAIN | 0.35 | $41.15 | $14.4025 |
| 8/3/2021 | EPD | 7 | $22.39 | $157.73 |
| 8/3/2021 | NYCB | 5 | $11.87 | $59.35 |
| 8/10/2021 | ABBV | 2 | $114.25 | $228.5 |
| 8/10/2021 | MAIN | 1 | $41.95 | $41.95 |
| 8/13/2021 | EPD | 1 | $22.71 | $22.71 |
| 8/20/2021 | MAIN | 2 | $41.90 | $83.80 |
| 8/20/2021 | NYCB | 2 | $12.21 | $24.42 |
| TOTAL SHARES: | 8.65 | TOTAL COST: | $632.8625 |
SELL 🔽
| Date | Ticker Symbol | # of Shares | Market Price | Gain |
|---|---|---|---|---|
| 8/3/2021 | LAND | 21 | $23.10 | $83.80 |
| TOTAL SHARES: | 8.65 | TOTAL GAIN: | $485.10 |
Conclusion
While my August income was not as big compared to my July income, I consider this a win because August grew by $3.35 compared to last quarter. This means that I’m in the right direction in correcting my portfolio and add more to my holdings.
One thing I’m concerned about though moving forward is with AT&T.
For those who don’t know, AT&T is planning to cut their dividends sometime in 2022 when the WarnerMedia and Discovery deal closes. This means when that cut happens, I will receive less dividends from AT&T, which will lower my dividend income for when AT&T pays their dividends.
I’m considering one move in regards to AT&T for this matter.
I can close my entire AT&T position and use the new funds to add more to my current holdings. That way, it can replace the income previously provided by AT&T. But the problem with that is I would be losing a stock in the communications sector, and I’m selling my position at a loss.
It’s a small thing though because I can just buy other telecom stocks that pay better dividends, and just stomach the loss. But this something that I will have to think about longer. Besides, I still got time to decide what to do with my AT&T position before the deal closes.
For this month, I’m thinking about closing out two of my Mortgage REIT positions: AGNC and NRZ.
The main reason is because of my diversification plan. Don’t get me wrong. I still want to have Mortgage REITs in my portfolio, but maybe not two. Instead, I’ll just pick one that is a better choice than AGNC and NRZ.
And I believe I found that choice, which is Arbor Realty Trust, Inc. (ABR). I’m not going to go over the full details about ABR in this article, but this is what they do.
Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets.
They primarily invest in real estate-related bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes, and various mortgage-related securities.
Let’s look at their Dividend Scorecard!
Also, this stock is a good replacement for my T position, not as a telecom replacement, but as a dividend payer in August and the next quarters to come. If I were to add ABR to my portfolio, it can definitely help boost dividends during these quarters.
I’m going to keep ABR in my watchlist in the mean time and see where would be the best entry point for me. If I close my AGNC and NRZ positions, I could use the funds to buy ABR and add more to my other holdings. I want to increase my dividends every month and this is the best way to do that without adding extra things to look out for.