A new month is upon us, which means it’s time for my favorite kind of post: dividend reports! As an income-focused investor, I am far more interested in the money my portfolio generates than in its overall paper value, which fluctuates on a daily basis and often for no good reason at all. Dividend investing is a far less stressful way to approach the market and, in my opinion, gives you a more accurate, more tangible way of tracking your progress.
On that note, let’s take a look at what I earned in June.
|Company (Ticker)||Dividends||Chevron (CVX)||$21.40|
|Emerson Electric (EMR)||$16.15|
|Johnson & Johnson (JNJ)||$16.00|
|Main Street Capital (MAIN)||$12.60|
|Main Street Capital (MAIN)||$19.25|
|Spectra Energy (SE)||$12.96|
|Wells Fargo (WFC)||$3.42|
Well boys and girls, June 2016 has officially become my highest-grossing month ever! Up until now, the $107.40 I received in September 2015 had remained unsurpassed, but no more. This new record stands 25% higher than the previous one, which is a pretty significant increase.
My income here was fairly well diversified, coming from a good number of different companies. A lot of businesses have their payout schedules set in these end-of-quarter months of March, June, September, and December, which is why many dividend investors have more concentrated earnings around these periods.
You’ll notice that MAIN is listed twice, which is because they paid out a special dividend in June (they’ve been doing this for a few years now) on top of their regular monthly dividend. This special dividend brought in a welcome extra $19.25, which really padded up my total earnings. Without it I still would have posted a new record month, though only by a couple of dollars. But hey, an extra divi is still a divi!
Emerson Electric, Johnson & Johnson, and Spectra Energy continue to be strong earners for me, while my more recent additions of Ventas and Walmart are also starting to bring in a good chunk of dough. Chevron is also a big money-maker, though I think I will be selling it soon because I’m just not comfortable with the amount of debt it had to take on just to sustain its dividend over the last year. Honestly, I’d rather completely eliminate my exposure to oil for the time being. Fuck oil.
Wells Fargo, 3M, and Unilever are smaller holdings that I plan on steadily continuing to build over time — I’ve actually been scooping up some Wells Fargo this past week. Lastly, I might get rid of Intel soon because its dividend has been stagnant for a while now. Kinda sad since it was the first stock I ever purchased, but you gotta do whatcha gotta do, bro.
Anyway, that wraps up this month’s dividend recap. June has been very good to me, as I’ve earned a record amount of dividend income and made some solid profits from Forex (new Forex log to follow shortly). Life is good.
Onward to July!
Disclosure: long CVX, EMR, INTC, JNJ, MAIN, MMM, SE, UL, VTR, WFC, WMT