Tuesday, July 14, 2020

June 2020 Dividend Stock Purchases

With the 4th of July now past us, summer is now unofficially in full swing. Relying on the temperatures alone reinforces this argument, as it has reached into the 90s several days in the past week here in Central Wisconsin.

With that said, I'll now get into the intent of this post, which is to discuss the dividend stock purchases and activity within my portfolio for June 2020.

As illustrated above, my employer and I deployed $302.39 in capital (including the $56.68 in CAIBX dividends during June) and $291.35 in capital net of sales charges.

These capital contributions/dividends allowed my stake in CAIBX to advance from 111.333 shares heading into June to 116.430 shares heading into July.

The 5.097 shares of CAIBX that were added during June are expected to add $10.91 in annual forward dividend income, assuming annual dividends/special dividends/share of $2.14, which equates to a net dividend yield of 3.74%.

The only other bit of activity within my portfolio for the month of June was a $295.00 deposit into my Robinhood account and the dividend income within my Robinhood portfolio to bring my Robinhood margin balance down from ~$2,500 to ~$2,100.

The reduction of ~$370 of my Robinhood margin increased my net annual forward dividend income by $18.50 at the current Robinhood margin interest rate of 5%.

Concluding Thoughts:

Overall, I deployed $661.35 in capital during the month of June, which works out to a yield of 4.45% when considering the $29.41 in net annual forward dividend income added on the aforementioned capital investments.

As a result of the capital investments and the dividend cut from Simon Property Group (SPG), my net annual forward dividend income advanced about 1%, from $1,222 to $1,232.

I have since pushed my timeline back to begin fully investing the $1,500-$2,000/month that I was anticipating this month to September as I failed to factor in some debt that needs to be repaid in the next couple months, so the last 3-4 months of 2020 are positioned to bring a renewed intensity on the capital deployment front.


Did you deploy more or less capital than you anticipated for the month of June?

Did you endure any dividend cuts as was the case for me with SPG?

As always, I appreciate your readership and welcome your comments in the comment section below!

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