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!
July dividend stock purchases were steady throughout the month. After May was slow, June picked up steam and July really brought back consistency do fueling the dividend income portfolio. For the second month in a row we were able to add triple digit dividend income, increasing our passive income source this past month!
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!
Everyone is interested in creating a form of passive income. However, I am here to talk to you about the easiest passive income source that you can start, today or now, if YOU wanted. Further, it does not have to be time nor capital intensive as others make it out to be. As our Dividend Diplomats name suggests, dividend income is the easiest passive income source and here are 5 reasons why! Continue reading
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!
Dividend cuts have, “slowed” in a way, as stay at home orders have been lifted and businesses are making their comeback. However, there is political tension and protests ongoing, as well as concerns over additional spikes in COVID-19 cases. Last, but not least, unemployment numbers are expected to produce a 15% unemployment rate for June.
Guess what doesn’t change, YOU the dividend investing community and the dividend income YOU are receiving!
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. Time to see my May dividend income results below!