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.