MAY 2021 DIVIDEND INCOME

 We are 41% through the year (5/12).  And it feels like I just wrote this.   Thats mainly due to an incredibly busy month of May.  Big personal stuff going on that I will go into more detail on a later post when things all shake out.  But it makes time fly by so fast I did not even do my regular 3-4 posts a month.

May was a good month when it comes to passive income.  And by passive income, I mean collecting dividends from companies that I invest in that reward their shareholders by sharing the profits.  These companies tend to have a long track record of increasing these payments year over year.  This will result in some amazing compounding that will rapidly increase this income over the period of a few years.  

All it takes is 2 things: reinvesting dividends earned and patience.

The result of this patience is earning $1,047.99 from 30 companies.  This is an increase of 31.2% over 2020 and the $798.80 I earned last May.   The result of dividend increases, reinvesting the dividends and adding to the pot with any spare change when I can.   Hopefully, this pace will keep up. 

My big payday was at the start of the month with AT&T paying $192.40 and on 5/17 and the $100.50 payout from OHI.  

I do believe this is the end of seeing such payments from AT&T.   But it was a good run and it sure will be an adventure when shareholders get the shares of the new company..

Until next month - CHEERS!

APRIL AND MAY BUYS AND SELLS - TEMPORARY SHAKEUP

Hello folks.  Took most of a month off from blogging to deal with some major league stuff.  

April began as a normal month, with my regular purchases using my easily earned dividend income.  Then things changed.  

I am in the position to have to take care of my mother and place memory care.  She had always refused to even consider any form of long term care insurance, or even any planning for any care.  She was sure she would just live out her life with no medical issues at all and  just peacefully disappear one day.  

Of course that does not happen to most people.  Time has come when she can no longer live at home on her own.  Sad, but I knew this day was coming for a few years now.  And sad for her, but with zero short term memory, she will only be upset for a short while after we move her. I would have been able to plan better, but she even refused to let me be power of attorney until she hurt her ankle 2 years ago.  

So it's up to me to pay for the first few months of care.   I had to do the inevitable:  sell a bunch of shares to cover the costs until we sell her home and recover the costs.  

In order to minimize the impact of these sales, I mainly chose the investments that pay the lowest dividend rate.

So first I will show the chart and then break it down.

So I now have $88,000 in cash.  This will allow me to pay for a few months of her care and prepare her house for sale.  The home repairs will take some serious cash, but will be worth it for sale price.

I decided to pick the holdings that had divided rates at 2% or lower.  A couple were a bit higher, like Target (TGT), but they had gained over 100% in equity and so I did not have to sell other holdings to get this much cash.

Once the home is sold, I will pay back this into my account and will start these over.  I kept at least one share in all of the holdings I closed out in order for me to remember the ones I will buy again.

In summary, I lost $1.346.70 in annual dividend income.  Not too bad considering the amount I took out.

I will update this as time goes on.

Take care of yourselves!

APRIL 2021 DIVIDEND INCOME

 A third of the way through.  Amazing.  2020 took nearly 100 years to end, and now you blink and it's 1/3 through the next year.  

April is one of my favorite months.  Spring weather returns, flowers come out, 

and I can spend much more time outside.  Like building a raised bed to have a permanent green onion supply.

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April also means another month of dividend income.  These dividends are the result of being patient, vigilant, and dedicated to creating a source of passive income that will carry me through my retirement and hopefully will be passed on to future generations.

This month I received 28 payments adding up to $940.61.   This is down 18.71% from 2020, but after the "COVID Shuffle" I did with cut dividends, I am up about 8% over 2020 and will most likely increase to over 10% overall.  The selling and buying in 2020 resulted in losing income in January, April, July, and October.  but the other months are up tons!

And of course, I am taking these funds and buying more shares to increase this payment.  

The big dividend of the month  was Whitehorse Financial (WHF)  They are back after a few months off protecting my investment.  I just love the 10% yield.

Here's the breakdown:

May will be a monster month for me, but things will be getting funky in June for a few months, as I have to focus on some family issues.   I'll be updating y'all about this soon enough.

Please post comments if you see anything or have any questions.

Cheers!