Saturday, August 1, 2020

JULY 2020 DIVIDEND INCOME


That was fast.  Live goes fast when dodging the virus I suppose.   So I am blogging with protective gear - because I want you all to stay safe....



In the dividend income world, 22 companies paid me for being alive this month, sending a total of $1098.75 my way. 

And the big one was Whitehorse Finance (WHF).  One company paid 40% of my total income.  Can you say major red flag?   🚩🚩🚩   

This red flag resulted in me doing this..

It had had a good 4 year run for me.

But I do believe that this is the end of the massive dividend.  A nearly 1000% dividend payout ratio is just not sustainable.  Especially in the mortgage market when we have had a 33% shrinking of the economy from last Q2.

I will be writing more about this in an upcoming post, and tell you the major life events that spurned this move and in the midst of this outbreak, what we decided to do.

Here's the list.


Date
Company
Dividend

7/1/20
KO
$38.13

7/1/20
HBAN
$38.10

7/1/20
PPL
$53.12

7/2/20
BBY
$37.95

7/2/20
KMB
$39.59

7/2/20
CNQ
$2.39

7/6/20
WHF
431.33

7/7/20
MRK
$29.89

7/10/20
OMC
$33.80

7/10/20
CB
$10.92

7/14/20
VTR
$29.70

7/15/20
MAIN
$20.50

7/15/20
O
$15.64

7/15/20
STOR
$47.60

7/22/20
CSCO
$28.80

7/24/20
AMNF
$27.95

7/24/20
SYY
$28.35

7/28/20
ORCL
$18.48

7/28/20
CM
$40.84

7/29/20
TWO
$49.56

7/29/20
BNS
$36.06

7/31/20
TD
$40.05
1098.75


OK, but I am motivated more than ever to invest in Dividend Aristocrats that are on solid footing.  No more high yield REITS or companies that buy mortgages from companies that buy mortgages, etc.   Solid companies like AFL, JNJ, MMM, T, and Pepsi will be getting my business from here on out.   I will hold onto my Realty Income (O) shares, but I lost the interest in rolling the dice.

'Till next month - STAY SAFE.

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