JUNE 2022 DIVIDENDS

The stock market just sank and sank and sank all throughout the month of June.   My portfolio dropped 7.39%, and now 9.85% since Jan 1st. 

So what!  My kid's fastpitch softball team won their league this year.  Go Comets!

Am so happy for her.

And even though the prices are sinking for my stocks,  the dividends remain unchanged.   I see them as on sale, as a lower price increases the dividend yield percentage.  So I am not freaking out.

If a stock is $2 a share and earns a 10 cent dividend, I have a 5% yield.  If it drops to $1 a share, my 10 cent dividend is now a 10% yield.    So I like buying shares when the market tanks.  Everything is on sale.

In fact, quite a bit of them handed out giant dividend increases over the past month, like Lowe's 31% increase.  

In June, I hit another home run for dividend income.  I received 59 dividends totalling $2,661.14.  In June of 2021, I received $1,275.   That's a 108.72% increase from last year.  Wow.  

It's a combination of ever increasing dividends, reinvesting my earnings, and adding some of my paycheck in chunks when I can. Sometimes I can't, but I try.  Once you have a chunk of different holdings, it really compounds.

Here are the details.

 

The surprise is LYB and the gigantic special dividend they handed out.  

The companies I own little tiny bits of are for the most part on real solid footing.  Road bumps happen.  We see major corrections every few years.   Yes, we may be heading into a recession.  We'll see how bad it is.  It does not mean we should freak out and leave.  That only locks in losses.  Insead, get a share or two more at a huge discount.

See you next month.