Time for another dividend income update! And this one is for the month of June.
Here’s a breakdown of my June 2021 dividends.
| Company | Ticker Symbol | Dividend Payout |
|---|---|---|
| PIMCO Dynamic Credit and Mortgage Income Fund | PCI | $2.44 |
| AGNC Investment Corporation | AGNC | $1.56 |
| Realty Income | O | $2.59 |
| Stag Industrial | STAG | $4.35 |
| Schwab US REIT ETF | SCHH | $0.41 |
| Gladstone Commercial Corporation | GOOD | $5.63 |
| Gladstone Land Corporataion | LAND | $0.95 |
In total, I made $17.93 in June.
Monthly & Quarterly Comparisons
Compared to last quarter, March, we see an increase of $1.14. Here are the increases and decreases in my dividends compared to last quarter:
PCI (no change)
AGNC (no change)
O +$0.01
STAG (no change)
SCHH +0.36
GOOD +$1.37
LAND +$0.01
Compared to last month, May, dividends were lower by $13.99. Here are the increases and decreases in my dividends compared to last month:
PCI (no change)
AGNC (no change)
O (no change)
STAG (no change)
SCHH (no dividends)
GOOD (no change)
LAND (no change)
Buys & Sells
Bought 1 share of PCI at $22.65, 25 shares of LFT at an average price of $4.299, and 2 shares of AGNC at $17.
I sold all of my 2 free stocks from WeBull, CX and ZNGA, at $7.50 and $10.38, respectively.
Conclusion
To be honest, I’m a little disappointed with June’s results primarily because I see very little progress in it. The small growth looks very disappointing. However, upon really looking into why this happened, it’s entirely my fault.
My buying spree recently wasn’t focused on adding more to my monthly dividend payers or looking for more monthly payers. Instead, what I’ve been doing so far was adding more to positions that were quarterly payers or adding quarterly payers to my portfolio.
If you’ve been following me, you’ve seen me add more to my T and NRZ positions, which are quarterly payers. Plus, I made a recent purchase for a new quarterly stock, LFT of around 25 shares. Most of my monthly $100 contribution went straight to that stock. It was a very cheap dividend payer, so I went for it. I’m going to explain more as to why I bought this stock in another article.
June’s small growth is entirely my fault because I let me head go into this space that since I was contributing to my portfolio, buying more shares, I would grow my dividends. In its essence, yes. I am still growing my dividends. But if you look closely to the data, the monthly results were affected by my actions.
So my plan now is to keep adding more to my monthly dividend payers or look for other monthly payers in order to keep the momentum rolling even faster. The more money I can use every month, aside from my monthly contributions, for my portfolio, the faster I can grow my dividend income to the 3-digit level.
Since one of my goal for this year has been to get my account value to $7,000, and I’ve finally reached that, it’s time that I level up the game for my account. I’m going to aim for $100 every month in dividends. I want to hit new highs and crush goals for this account.