A new month is upon us, which means it’s time to take out the metaphorical crayon and tally up those dividends. The passive income you receive every month is what makes dividend-investing so exciting, as it allows you to see steady, tangible progress without having to worry about the daily fluctuations of your portfolio’s paper value.
With that in mind, let’s dive into the numbers!
|American Express (AXP)||$1.74|
|Health Care Property Investors (HCP)||$14.95|
|Main Street Capital (MAIN)||$12.60|
|Omega Healthcare Investors (OHI)||$52.20|
|Procter & Gamble (PG)||$4.02|
Woohoo! Another month with earnings exceeding the $100 threshold!
The big hitter here was Omega Healthcare Investors (OHI), whose dividends accounted for half of May’s total earnings. Being both my portfolio’s largest holding and a high-yielding REIT, it’s no surprise that it brought in so much income. Certainly an impressive sight to behold!
It does illustrate one of the current issues with my portfolio, however, which is that a large portion of my income is generated by only a handful of high-yielding securities. It’s never a good idea to be so heavily concentrated in one area. With that said, this kind of imbalance is a bit of an inevitability when one is still in the early stages of wealth-building. I only have a couple hundred dollars to invest every month, and since I prefer to initiate positions in batches of at least $1000, it’s going to take a while before my passive income is spread evenly across all my investments. Not really a big deal as long as I keep adding quality companies with solid dividend tack-records.
This also marked the last time I will be receiving dividends from American Express (AXP) and Verizon (VZ), as I recently closed out both of my small positions in said companies. Note that I didn’t sell AXP and VZ because I think they are bad companies, and I may very well re-initiate positions in either or both of them in the future.
That just about wraps up this post. Onward to June!
Disclosure: long AAPL, HAS, HCP, MAIN, OHI, PG