Another month of dividends. Every 4th month is slim for dividends in my account. None of the companies I invest in have cut dividends or stopped dividends. I automatically reinvest (DRIP) all dividends into additional shares or fractional shares of stock. Stocks are still on sale so look for those good deals. I haven’t purchased anything new. I am waiting on the sidelines to see what happens with the market. I don’t think anyone knows how this will play out.
I believe in buying and holding dividend-paying stocks forever as long as the dividend is not cut completely or the company fails in some way. I invest in high-quality stocks with a proven track record of paying increasing dividends year after year.
It looks like a good time to dollar cost average investments as stocks are at bargain-basement prices right now.
Any unused or additional money goes into a high-interest savings account. My American Express Personal Savings account dropped to 1.5% interest from 1.6%. This is the 2nd drop in 2 months. Not too bad considering the Fed Rates are less than zero now.
(Reuters) – Financial markets began pricing in a negative U.S. interest rate environment for the first time on Thursday 5/7/2020
I recommend tracking your portfolio, I use Personal Capital which is great for tracking dividends, stock holdings, and expenses all in one place. You can get a Free Personal Capital account and get $20 for just signing up.
Dividend Income April 2020
|4/30/2020||Ltc Properties Inc-dividend||$26.95|
|4/30/2020||Altria Group Inc-dividend||$100.69|
|4/30/2020||Vanguard Federal Money Market Fund (settlement Fund)-dividend||$0.36|
|4/28/2020||Msc Industrial Direct Class A-dividend||$1.50|
|4/15/2020||Realty Income Corp-dividend||$122.22|
|4/15/2020||Stag Industrial Inc-dividend||$44.41|
|4/6/2020||Iron Mountain Inc New-dividend||$1.86|
|Subtotal||Non Retirement Account for April 2020 – Dividend Income||$319.67|
|4/30/2020||Vanguard Federal Money Market Fund (settlement Fund)-dividend||$0.01|
|4/15/2020||Realty Income Corp-dividend||$34.54|
|Subtotal||Retirement Account for April 2020 – Dividend Income||$34.55|
|Total||Non Retirement and Retirement Dividend Income for April 2020||$354.22|
I recommend having an emergency fund with at least 3-6 months in it. I keep 1-2 years worth of reserves for emergencies or downturns in the market. Always looking for a good deal on dividend stocks.