There’s no sugar coating this month… June will go down as huge kick in the pants for me.
It truly has been a doozy of a month with a lot of good and bad news to report this June with regards to dividend income. I kinda feel like this month we have taken two steps forward and two steps back after suffering from the dividend suspensions and cuts this month. Sadly, I’ve had to make a new section for this report – dividend decreases.
June Dividend Income
This month I received $2,544.82 in dividend income! On average, I was paid $36.35 from 70 different companies! This month’s dividend income is a massive 23.13% increase over June 2019.
That’s $478.05 more dividend income than last June! Great news!
Dividend Income - June 2020
|1/6/20||W W Grainger Inc||GWW||43.20|
|1/6/20||J M Smucker Co||SJM||22.00|
|4/6/2020||Discover Financial Services||DFS||45.32|
|05/06/20||NESTLE S A/S ADR||NSRGY||18.00|
|5/6/20||Honeywell International Inc.||HON||24.30|
|9/6/20||Johnson & Johnson||JNJ||97.32|
|10/6/20||IBM Common Stock||IBM||105.95|
|10/6/20||Emerson Electric Co.||EMR||14.00|
|10/6/20||Otis Worldwide Corp||OTIS||7.99|
|10/6/20||Exxon Mobil Corporation||XOM||170.79|
|10/6/20||United Parcel Service, Inc.||UPS||37.37|
|12/6/20||Walgreens Boots Alliance Inc||WBA||22.88|
|15/06/20||Old Republic International Corporation||ORI||8.40|
|15/06/20||DuPont de Nemours Inc||DD||2.10|
|15/06/20||Main Street Capital Corporation||MAIN||11.28|
|15/06/20||Stag Industrial Inc||STAG||14.40|
|15/06/20||Realty Income Corp||O||65.99|
|18/06/20||Home Depot Inc||HD||171.20|
|18/06/20||Raytheon Technologies Corp||RTX||7.13|
|18/06/20||Prudential Financial Inc||PRU||35.69|
|22/06/20||Dominion Energy Inc||D||70.50|
|26/06/20||Lockheed Martin Corporation||LMT||12.00|
|30/06/20||Crown Castle International Corp||CCI||9.60|
|30/06/20||Travelers Companies Inc||TRV||22.10|
|30/06/20||Canadian National Railway||CNI||2.53|
|1/6/20||Wells Fargo & Co||WFC||31.94|
|04/06/20||UNILEVER N.V. Common Stock||UL||11.56|
|15/06/20||International Paper Co||IP||15.37|
|16/06/20||Stanley Black & Decker, Inc.||SWK||10.42|
|16/06/20||Weingarten Realty Investors||WRI||3.60|
|26/06/20||Kraft Heinz Co||KHC||10.80|
|30/06/20||Digital Realty Trust, Inc.||DLR||15.88|
|30/06/20||T. Rowe Price Group Inc||TROW||15.30|
|30/06/20||UnitedHealth Group Inc||UNH||16.25|
|30/06/20||Union Pacific Corporation||UNP||34.75|
|9/6/20||Tractor Supply Company||TSCO||5.43|
|16/06/20||Duke Energy Corp||DUK||39.86|
|25/06/20||Suncor Energy Inc.||SU||3.08|
|29/06/20||SCHWAB STRATEGI/US DIV EQUITY ETF||SCHD||174.63|
|1/6/20||PowerShares Preferred Portfolio||PGX||3.03|
|∑ = 2,544.82|
Here is a chart of my passive dividend income progress over the last 5 years.
The dividend portfolio has been updated.
Here are the dividend stock purchases I’ve made between June 2019 and 2020 that have added to this dividend income growth.
June’s dividend income covers all my core expenses for the month!
June Dividend Growth (Dividend Increases)
Here are the realized dividend increases I earned this June. Dividend growth is always an exciting metric to report and I wish there was more good news to share here.
This June I received 6 dividend increases (once again, just like last month)! Fortunately, one of the dividend increases was over 10%! Hurrah!
Dividend Increases - June 2020
Name Ticker New Div Old Div % Increase Shares Addl Income Southern Co SO 0.64 0.62 0.032 108 8.64 Johnson & Johnson JNJ 1.01 0.95 0.063 109 26.16 IBM Common Stock IBM 1.63 1.62 0.006 65 2.60 QUALCOMM, Inc. QCOM 0.65 0.62 0.048 54 6.48 PepsiCo, Inc. PEP 1.02 0.96 0.071 42 11.34 UnitedHealth Group Inc UNH 1.25 1.08 0.157 13 8.84 ∑ = 64.06
June’s dividend increase adds $64.06 in annual dividend income! These dividend increases are the equivalent of investing an extra $1,830.29 of new money at 3.5% yield! A decent month of free money… if it weren’t for the other part of the story.
June Dividend Cuts (Dividend Decreases)
Sadly, this is a real life blog of my dividend journey and often in life, things don’t always go as planned. That is exactly what we’ve got this month.
Here are the realized dividend decreases I had this June.
This June I received 10 dividend decreases! This sums up to $272.31 of lost dividend income this period! That’s the equivalent of burning $7,780.29 instead of investing it at a 3.5% yield. Ugh!
Dividend Cuts - June 2020
Name Ticker New Div Old Div % Decrease Shares Lost Income Suncor Energy Inc. SU 0.16 0.35 -55.40 20 -3.85 Weingarten Realty Investors WRI 0.18 0.40 -54.43 20 -4.30 Harley-Davidson Inc HOG 0.02 0.38 -94.74 20 -7.20 Invesco Ltd. IVZ 0.16 0.31 -50.00 50 -7.75 Delta Air Lines, Inc. DAL 0.00 0.40 100.00 115 -46.23 Ford Motor Company F 0.00 0.15 100.00 354 -53.10 Boeing Co BA 0.00 2.06 100.00 53 -108.92 Marriott International Inc MAR 0.00 0.48 100.00 10 -4.80 Goodyear Tire & Rubber Co GT 0.00 0.16 100.00 55 -8.80 Molson Coors Beverage Co Class B TAP 0.00 0.57 100.00 48 -27.36 ∑ = -272.31
The total net dividend decrease for this June was ($208.25 [increase – decrease]).
Net worth is continuing to climb with the market slightly moving up. Eliminating our mortgage has been a huge win psychologically and in terms of cash flow.
Let’s do the numbers…
Once again, I added a little extra to my Interactive Brokers account this month which padded that account, but depleted cash. I also have a few other larger expenses coming up that will sum to a couple thousand dollars – however, that should be realized next month. I’m investing all the extra cash I can right now!
With our smaller home and no mortgage, our bills have been reduced nicely. For example, our electricity bill was a little over $100 less this month than it was at this time last year! Thank you new house!
Our tenant is still paying their rent just fine. The new 2 year lease starts next month with a $50 a month rent increase! That will help in paying off what’s left of that mortgage.
These dividend cuts and suspensions are tough. While I’m still making great progress (hard to complain about a 23% increase over last year) the dividend decreases / cuts certainly took a chunk out. While I’m not distraught or giving up, I am concerned that 2020 is turning out to be a phantom year with little to no progress made and lots of time lost.
I’m trying to shorten my TTR (time to retirement) and positive dividend growth is an important factor to that equation. Dividend suspensions and cuts are clearly moving in the wrong direction. I do understand the predicament many of these companies are in, but I will keep a keen eye on them with regards to rejuvenating their earnings and dividends.