Back to Dividends in May

Let’s Inject a little normalcy into this crazy world, shall we? We are back with May Dividends!

I update my New Dividend Payouts every month and my Blogroll is crawling with Dividend sites, let’s face it, I’m a Dividend Junkie.

Surely, I am far from alone. There are loads of us out here in the ether, lurking around,  ogling each others portfolios.

And by ogling I mean ‘to look at amorously, flirtatiously, or impertinently‘.

Here is my May 2020 Dividends Scorecard. By that I mean my New Dividend Gains, Stock Action, and Market Moves for your voyeuristic viewing pleasure.

Compared to last year;

My Dividend tally is slowly creeping toward that Epic Milestone of $1,000/month. My plan is to not stop until I am replacing $1,500/month of paycheck income with passive income from a Dividend Portfolio.

Without further teasing,

I DO NOT buy stocks to have them go up in value and then sell at a profit. That kind of stock market game is not to my taste. It is too hard to try and beat the market, I learned my lessons long ago.

One of the great things about this type of Portfolio is that I am not living and dying with the swings of the market. I do not care much about the day to day ups and downs of the DOW because I am interested in the Dividends, not the market value of the individual stock.

Stock Action;

The last 2 months have been a wild ride. I for one CAN NOT see how everyone thinks this recovery will be quick. I am feeling like quite the bear. I sold off 5 stock positions in the last several months, enough to secure my $3,000 loss.

I gave up on Wells Fargo. Just heard too many things about them not being straight with people. Also abandoned some energy stocks, Valero Energy(VLO) and  Pembina Pipeline(PBA). They, of course, came roaring back to life shortly after, but I was looking to shed some fossil fuel companies in my overall portfolio.

I also gave up on GM as soon as they gave up on their dividend. That is one corporate decision I can not abide. I used all the money to sprinkle over my existing positions that I thought were now cheap buys; 

SYY, DOW, DD, DIS, BRKS, EXE, UTX, AXP, HBAN, YUM, JPM, and then AXP again.

I picked up a new position, Prudential, for some more insurance company exposure. I also bought back my CIM. It has been good to me so I just waited out the wash sale rule.

Lastly, my UTX changed it’s name to RTX after its merger with Raytheon. I was heavy in that stock so I gained shares in both spin-offs, OTIS (think elevators) and CARR (Carrier Global). Optimistic about that fallout. 

I usually sell off a stock when I am down either more than $400 or 12%. I hoard up these losses to take as a deduction on my taxes. The IRS allows a deduction of up to a $3,000 loss of stock transactions in a given year. What I don’t use, I roll over for future years.

It also turns blood red Bear Markets into nothing other than buying opportunities for New Dividends.

Have faith in the markets, at least for a percentage of your capital.

Last Year, I plowed a total of $42,648 in new money into this portfolio. So far, for 2020 I am at $ 6,681.28

January – I put in $500 cash to my account and accumulated $700.85 in dividends.

February – I put in $500 cash plus $ 370.47 back in.

March – Altogether $2,195.68 between dividends and cash ($500).

April – All in $1,362.68 as dividends and cash ($610).

May – Dividends = $551.60 plus another $500 in cold hard cash total; $1,051.60

My 2020 automatic deposits to this account have been bumped up from $250 to $500/month. Plus all dividends accumulated are used to buy additional shares. I also stuff random amounts of cash into buying more shares whenever the opportunity arises because I am more than a little obsessed. Are you a dividend junkie?

That’s all for my May 2020 Dividends Scorecard!

5 thoughts on “Back to Dividends in May

  1. it’s like wells fargo can’t wait to disappoint in new and creative ways. i did something similar to your chimera investment. i owned a few shares of a pipeline company nblx which went from over 20 bucks to 2.50/share. i had to buy a 1,000 bucks worth. that’s more like trading which is not my game and i got rid of it for a double but today it’s back over 9 bucks. the yield down at 2.50 was somewhere near 30% i think.

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