Wednesday, July 15, 2020

Dividend Income - June 2020

A month has passed again and the first half of the year is over. In June 2020 my portfolio dividend income was as follows:

My Total dividends in June are € 1,909.92 ($ 2,149.30). After tax payments, net dividend income is € 1,418.85 ($ 1,596.68). In year 2019, my net dividend income in June was € 1,035.72 ($ 1,169.84). My portfolio's net dividend income increased by € 383.13 or 37% to compared the same month of last year. The main reason for the increase in dividend income is that due to the covid-19 pandemic, Sampo paid in June this year, and not in May as usual. In addition, there are a few new companies in the portfolio, such as RTX, UNP and V.

This month's dividend increased my cumulative net dividend income € 86,754.57.

After the first half of the year my net dividend income is € 9,355.33 ($ 10,275.65), so I have now collected 52% of my target net passive income for this year, which is €18,000.00. While at the moment it looks like I’m going to achieve my goal, it’s very likely I’ll stay well below it. As I have mentioned earlier some companies of my portfolio have already cut, postponed or cancelled dividend payments. Because of this, it is highly unlikely that I will reach my target for dividend income in 2020. I'm pretty sure that the unpleasant news will be more during the summer and the rest of the year. A few more dividend cuts and I can be happy if I achieve the same net dividend income as last year, which was around 15,500.00. However, I will continue, according to my own plan and make purchases from what I think are good dividend-paying companies. One day, even this crisis will be over and then the return to the “normal” situation starts. When it will happen, time will show.

You can follow the development of my dividends here.

Full Disclosure: Long on above mentioned stocks

Thanks for stopping by!

1 comment:

  1. Hawk -

    The statement has been fairly consistent. Just need to keep staying consistent and don't knee jerk react to things. This is an unprecedented time and time always wins!