July was another crazy month in the stock market. The market just continues to rise! Still, despite the rising market, I was able to find several undervalued dividend stocks to purchase during the month. While I didn’t invest the same amount of capital as Lanny in July (Nearly $4k), I was able to continue to add a decent amount of dividend income! Let’s jump right in and see what dividend stock purchases I made in July.
The fear of the coronavirus still spreads. Unemployment claims still in the millions. No deal is reached on the economic stimulus package, the HEALS Act, but yet the S&P 500 was up 5.5% in July. What a confusing and volatile stock market. However, dividend income continues to fuel the mission to financial freedom.
In July, we set another record for dividend earnings and it shows proof that dividend income is one of the best passive income streams. Time to dive into my July 2020 dividend income results!
Dividend Increases are the foundation of our plan to achieve financial freedom. We are looking to build a growing, passive income stream using dividends! The key word in the previous sentence is growing. That is why the two of us are always monitoring our company’s to see if they announce a dividend increase. Each month, we share this passion with all of you and write an article summarizing the previous month’s dividend increases and projecting the announcements in the next month. Here is the August installment of the “Dividend Increases Expected” series.
As investors, there are always opportunities out there. The stock market continues the trajectory upwards, making the journey to financial freedom by using dividend income as a passive income source, a little more difficult. I still will say – there is nothing better than dividend income, no matter what time of the year! That’s what the dividend stock watch list is all about! Let’s buckle up and read Lanny’s Dividend Stock Watch List – August Edition. Continue reading
June was an interesting month in the market. Dividend cuts continued to slow, despite a few surprise dividend cuts. Economies continue to reopen and the weather continued to get better. Still, the economic and political environments remained as tense as ever. The Federal Reserve announced major restrictions on bank dividends and share buybacks for the first time since the Great Recession. I know we have all felt impacts to our dividend income!
Despite all the madness and intensity, there is one constant that will never change: dividend income. The dividend checks continued to roll in. The third month of the quarter is always exciting since the majority of companies, and mutual fund families (such as Vanguard), pay their dividend. Many dividend bloggers produce their best passive income results during the quarter-end month!
The stock market continues to put on quite the show in 2020. Luckily, our dividend income is putting on a show as well. The power of dividend investing is real and hopefully our results will motivate you to continue investing in dividend growth stocks. This article contains our June dividend income summary, including the total dividend income and the dividend increases we received this month.
The stock market continues to rise and dividend income keeps coming in. The uncertainty is still significantly high and the direction the stock market is going does not make sense. However, dividend income continues to fuel the mission to financial freedom.
In June, we set another record for dividend earnings and it shows proof that dividend income is one of the best passive income streams. Time to dive into my June 2020 dividend income results!