As dividend growth investors we are focused on generating passive income. And what better way to do that than to share income generated?
August is my biggest month for dividend income so it was nice. This month I generated $7,087.15 in dividend, interest, and other income across REITs, Stocks, and Books. 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:
|National Health Investors||NHI||$134.51|
|Enterprise Products Partners||EPD||$244.75|
|Phillips 66 Partners||PSXP||$221.38|
|Main Street Capital||MAIN||$68.06|
|Magellan Midstream Partners||MMP||$253.79|
|Omega Healthcare Investors||OHI||$232.49|
|Arbor Realty Trust||ABR||$93.00|
|Total Dividends & Interest||$1,596.75|
|Total Side Income||$7,087.15|
I made a few trades this month.
First I added to AT&T, bringing my position size to 300 shares. This allows me do make some covered calls (affiliate link) with 3 round lots. I still think AT&T is slightly undervalued and may continue to buy more over time.
I added to Broadcom as well. I’m a big fan and their free cash flow has been growing at a high rate that also supports its dividend growth. At some point the dividend growth will likely slow down, but until then I’ll be loading up.
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 2,000 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 $5,000 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.
I’ve also started creating a course on SaaS stocks that I hope to release at the beginning of next month.
Overall, this was still a great month in lieu of the crazy coronavirus markets! How was your August?