July 2020 Dividend Income: Merry Man

Another month has come and gone.  We're moving closer to the end of 2020, but as we come into a new month, it's time to look back to see what dividends came in.  Allons-y and all that.


Pepsi (PEP): $1.04  Up $0.07 from last quarter due to DRIP and a dividend increase
Iron Mountain (IRM): $3.25  Up $1.28 due to new share buys and DRIP and up $1.42 from last year.
AGNC: $0.14 Down $0.04 from last quarter and down $0.02 from last year. Same as last month
Realty Income (O): $0.98 Up a penny from last quarter and the same as last month
Leggett & Platt (LEG): $0.40
Best Buy (BBY): $3.88 Up $0.03 from last quarter and up $0.38 from last year
Armanino Foods (AMNF): $0.19 down $0.11 due to a dividend cut
Franklin Resources (BEN): $1.96  Up $0.03 from last quarter and up $1.44 from last year

This brings the total to $11.84, which is up $0.97 from last quarter and up $4.85 from last year. That's actually not too shabby percentage wise.

The 401K threw in another $0.73, a little less than it did last quarter (3 cents less to be exact), but up $0.29 from last year.

Grand total comes to $12.57, which is up $0.94 QoQ and up $5.16 YoY.

Interest clocked in at $4.36, which is up $0.63 from last month.

Technically, there weren't any real buys this month.  I did open an account on RobinHood, though. Because I used a referral link I (as well as the person who's link I used, assuming they didn't hit their limit) got a free share of stock.  Now, the site boasts that it could be some big name company like Facebook or Microsoft, but odds are that it'll be some dinky $3-7 no name stock.  The one I got didn't even pay a dividend, so I sold that and took the whopping $4 and put it into 3M (MMM).

This is another perk of RobinHood, fractional share buys.  Even though the stock price of the company is a lot higher than $4, I was still able to initiate a position.  Suffice it to say, I plan on putting this to good use in the months and years to come.  A couple of other brokerage firms also offer it, but RobinHood is one of the more well known options when it comes to this perk.  It's the other reason I decided to go ahead and set up the account.

All in all, July was pretty uneventful. Yeah, the Armanino cut was unfortunate, but reinvested dividends were able to cover that loss.  The slow and steady growth continues, which given the chaos is a welcome development. 

I'm hoping that August will have a bit more momentum.  On the one hand, it is a mid-quarter month and those are usually my strongest months, but with 2020 being 2020, who knows what's going to happen?   Still, as the saying goes, always forward.

                 

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






















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