Welcome to the thirty-eight (#38) dividend income report, covering earnings I've made from dividend-paying stocks and peer to peer lending in June 2020.
Just like the previous months, the last June we also spent in a self-isolation (because of Covid-19) here in Georgia. More of the strict lockdown measurements were lifted (inner tourism, restaurants and hotels were opened for public) we did a few weekend trips with an overnight stay at local resorts here in Georgia. Baby girl is started to attend her pre-school, she is doing great - talking a lot, putting together sentences, mixing languages, figuring out new words. Awesome. Quite fascinating what a 23-month-old can do. Development is very rapid.
From the perspective of dividend income - last June was very bad, we barely took $82.11, most of our dividends are trimmed or halted for now. There is a light at the end of the tunnel, but relying on dividends these days is very hard.
Compared to the previous June in 2019, when we almost took $300 in dividend income, our monthly dividend has decreased by -72.59% (-$217.49). A year ago we did set a goal to take at least $400 this month, now this didn't happen. Scary. What even scarier our dividend income level last June was at the level we received back in June of 2017.
Luckily, an additional $1,150.29 was made from options trading. As options trading is not a passive form of making money while you are sleeping it wouldn't be fair to include them in dividend income reports. Check out our options income report here: June 2020 Options Income Report - $1,150.29
If counted all together (dividends + options) it seems we have made $1,198.40 in total last month.
We were able to generate about 6.53% income yield from our portfolio last June (that's about 78.36% annualized)
One of our monthly goals is to generate at least 2.5% income yield from the portfolio. As longs it's above to it - it's awesome.
Interest income in June 2020
From the stocks and peer to peer lending we got following income last month:
Ticker | Earnings |
EDI | €13.93 |
USA | €12.72 |
Mintos | €10.58 |
EDF | €9.69 |
RA | €7.53 |
NCV | €6.44 |
PEI | €4.54 |
AWP | €3.63 |
BAC | €2.86 |
PFE | €2.01 |
Total EUR 73.97 / USD 82.11
In total there were 10 companies paying us dividend in June 2020 that is 8 companies less than in June 2019
Monthly income
I've been tracking my journey towards million dollars in a savings account since January 2017. More than three years already. The result, so far, looks quite good. Dividends are growing (even when they are not)
Monthly dividend Income chart as of June 2020
The cumulative earnings for 2020 now are $964.83 which is exactly 26.80% from my goal of 2020 ($3,600). On average, it would ask us to generate $439.20 every month for the next 6 months to reach this goal. Right, now the goal looks unattainable, as for now, I cannot see even a single $300 month for 2020, but this could change later, during the year as we are trying to add more quality stock to the portfolio.
2019 in Review and Financial Goals for 2020
Goals for June 2021
This is my favorite part of the reports - trying to forecast/set goals for the next year. But before setting a goal for 2020, let's see what I forecasted/said a year ago (June 2019)
For 2020, I'm looking to take at least $400 in dividend income.
Nah... we didn't even come close... our dividend stock portfolio wasn't immune against the market downturn and most of our stocks get trimmed or halted dividend payments. In the case of the recovery, there is hope. I will be optimistic and say we are still looking to crack that $300/mo goal in June 2021