July 2020 Income Report

As dividend growth investors we are focused on generating passive income. And what better way to do that than to share income generated?

July is my second biggest month for dividend income so it was nicie. This month I generated $5,298.32 in dividend, interest, and other income across REITs and Stocks. This is in addition to my part-time software job, where I’m not doing too shabby either.

If you aren’t aware, I focus on buying well-managed, higher yielding, yet still growing assets, most of which are REITs and MLPs. There are a few C-Corps that still fit the bill, but they are few and far between, although with the recent downturn, there is good value to be found and I’ve deployed additional cash over the past month to buy some of those issues to get some of the better tax benefits of qualified dividends.

Without further ado, let’s review:

Arbor Realty TrustABR$90.00
Preferred Apartment CommunitiesAPTS$175.00
MAIN Street CapitalMAIN$68.06
STORE Capital CorpSTOR$99.75
Medical Properties TrustMPW$123.12
Simon Property GroupSPG$137.80
Total Dividends & Interest$1,149.11
Gumroad Earnings$4,149.21
Total Side Income$5,298.32

I made a few moves towards conservative stocks and out of retail.

I liquidated EPR Properties and Simon Property Group recently. EPR was the first income stock that I purchased several years ago. A few months ago I mentioned that with cinemas and Top Golf courses shuttered, I wouldn’t be surprised to see a temporary suspension or cut from this monthly payer. And they confirmed this recently. I initially gave them a pass, but after a bit of background thinking, I swapped it out for a bit more stable quality in Digital Realty Trust.

I traded SPG for Cubesmart. SPG to me is making desperate moves by starting to buy up bankrupt retail outfits like Brooks Brothers. Perhaps that vertical integration strategy makes sense, but I don’t want my REITs owning retailers. I want them owning real estate. On the other hand, Cubesmart is well positioned to take advantage of no-touch self-storage in the midst of the pandemic.

Preferred Apartments has taken a beating as well as fears over rent payments from consumers remains a potential issue. They have however closed purchases on a number of properties amidst the current environment which is either extreme stupidity or confidence in their business. I’m very worried about the management of this company. Their AFFO Payout has been trending in the wrong direction for quite a while.

I made a decision to suspend blog ads a few months ago as the viewing experience suffers too much. So readers, you’re welcome! 🙂

Finally, there is a non-dividend & interest row. If you don’t know, I have written a book on my dividend growth investing strategy called Too Much Money. Here’s 25% discount to normal price using this link just for being a blog reader.

Overall, over 1,600 readers have benefited from the products and I’m humbled that so many people have decided to part with their hard-earned dollars to help improve their own financial situation! So thank you. Over $4,000 generated in one month is incredible and really motivates me to keep pumping out great content!

I’ve been very focused on my newly released dividend investing web application. This has been a stressful affair but hopefully rewarding in helping people significantly cut down the time they need to spend researching stocks. It is available to blog readers at $5/month.

Overall, this was still a great month in lieu of the crazy coronavirus markets! How was your July?

One thought on “July 2020 Income Report

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