Sunday, May 24, 2020

Monthly Report: April 2020

We're almost done with May, but I still have to report on my dividends in the month of April. Let's see how many companies sent me a dividend check for my ownership. These checks are the results of decisions I made earlier in life, sometimes years ago, where I decided to purchase shares in these companies. Nowaydays I still collect these checks but I have to do absolutely nothing to receive them. They just get deposited in my brokerage account, no questions asked. Isn't that great?!

I received € 44 after taxes. This is a slight increase from last year. I got paid by 5 different companies, I guess April is a slow month for me. If I look at my progress based on the cumulative dividend income this year I am about 32% ahead compared to last year. That sounds perfect, especially during these rough times! However, I expect this growth percentage to come down during the year because of the dividend cuts I received in the last two months.

Current forward divided is around € 1.700,-. I just keep doing what I've been doing in the last years: work, earn my wages, deposit into my brokerage as much as I can and keep buying income producing assets to enhance my financial situation. Rinse and repeat.

Tuesday, May 5, 2020

Dividend raises, and a dividend cut!

Recently I received a few dividend raises and a cut.
These raises added about € 6 to my annual dividend income. Too bad I also had my 2nd dividend cut this year, after Accel suspended its annual dividend. Royal Dutch Shell decided to slash its dividend with 66%. This is a unprecedented move for the company but I guess they didn't have any other option. Oil prices were low already due to the geopolitical struggles between big oil producing countries. Then COVID-19 entered our world which lowered demand drastically. This perfect storm (or black swan) was just too much. Too bad Shell was (and still is) a big part of my dividend portfolio so my forward annual dividend took a big hit.