Wednesday, July 1, 2020

June 2020 Dividend Income: The Taxman Cometh

After two years, we've finally come to the second half of 2020.  This year, man.  I know that January 1st is when the whole "fresh start" mentality is at its highest, but I think that in this case, we can view this as a potential turning point.  It's like those sports match ups where a team gets clobbered early on, but then they go in the locker room at half time, the coach gives a big speech, the players get their heads on straight and manage to turn things around and win.  Yeah, that's totally going to happen, right?

Speaking of two year anniversaries.  This does mark two years of investing for me.  It isn't quite as momentous as the first time around; though that could be due to this one being overshadowed by so many other things.  In any event, let's do what we do and log the dividends for June.


Kroger (KR): $0.99  Up a penny from last quarter and up $0.15 from last year
SJW: $0.32  Same QoQ, YoY doesn't apply
AGNC: $0.14 Down $0.04 from last quarter and down $0.02 from last year.  Both are due to dividend cuts.

CenturyLink (CTL): $0.28  Up a penny QoQ, Up $0.02 YoY. That's some mad growth right there.
Walgreen's Boots Alliance (WBA): $0.46  As this is a recent addition, there are no prior figures
Realty Income (O): $0.98  Up $0.25 QoQ, up $0.29 YoY. It was also up a penny from last month.

Wendy's (WEN): $0.36 down $0.50 from last quarter and down $0.34 from last year due to a recent cut

Flower's Foods (FLO): $1.04 Up $0.06 from last quarter and up $0.08 from last year
VF Corp (VFC): $0.49  Up a penny from last quarter with no YoY figure to compare


Bloomin Brands decided to sit this one out,which is understandable. Whether they resume their dividend payouts remains to be seen.

All in all, the total comes to $5.06, which is down $0.36 from last quarter, but up $1.45 from last year.

Considering there were a few cuts and a suspension, that number could have been a lot worse.  The overall trajectory is still upward, which is reassuring.

Two funds within the 401K paid out this month.  One paid $0.78 and the other paid $0.47. That total comes to $1.25, which is up $0.11 from last quarter and up $0.48 from last year.

That brings the grand total to $6.31. Up $0.79 from last quarter and up $1.93 from last year.

Interest payments clocked in at $3.73, which is up $0.47 from last month.


This month was pretty quiet on the buying front. I added two shares of Iron Mountain (IRM) and that's about it.  The portfolio has been updated accordingly.

The effects of the slowdown are starting to kick in, which means hours were cut on both job fronts and, thus, less capital to deploy.

I've been upping my side hustle to try to make up the difference. I'm both going back and using already existing ones more frequently (I'm finally using my Swagbucks account for more than just the referral link!) and even browsed around for new ones.  Interestingly, and perhaps concernedly, both DoorDash and Shipt are "fully staffed" in my area.  It's a shame that AppTrailers went down. That was a decent one, but you play the cards you're dealt.

On the plus side, I got my taxes done.  Unlike last year, where I owed, this time I did get a little something back (thank you traditional IRA contributions.)  It wasn't a huge sum, but it was better than having to write a check, especially given the circumstances we face.

All in all, June was meh.  There was modest growth, but it basically held steady.  Again, it could have been worse, but seeing some more umph would have been nice.  While I would like to see a second half rebound, I'm not sure how realistic it is.  There's a part of me that is tempted to call 2020 a bust and focus on trying to set things up so that 2021 hits the ground running. Then again, if the first 6 months were any indication, we've got a long year ahead. Things can change, whether it is for the better or worse remains to be seen.  All we can do is put our heads down and try to plow through.








                               "stock dividend" by CreditDebitPro is licensed under CC BY 2.0 


















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