November 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?

August is my biggest month for dividend income so it was nice. This month I generated $3,922.95 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:

CompanyTickerIncome
AT&TT$156.00
National Health InvestorsNHI$165.38
Enterprise Products PartnersEPD$244.75
Phillips 66 PartnersPSXP$221.38
AbbvieABBV$141.60
Main Street CapitalMAIN$68.06
Magellan Midstream PartnersMMP$253.79
Omega Healthcare InvestorsOHI$232.49
Texas InstrumentsTXN$91.80
Arbor Realty TrustABR$96.00
Total Dividends & Interest$1,671.25
Gumroad Earnings$2,251.70
Total Side Income$3,922.95

My dividend income was up by $74.50 from the August quarter due to some dividend raises and some purchases.

Purchases

I added to AT&T in August, 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 also added to NHI. They are one of my favorite healthcare REITs and continue to do well at collecting rents in this tough time.

Raises

This is where things get exciting as a dividend investor. Great companies raise their dividends as their free cash flow / earnings increase. I bought more $ABBV in the prior months which also had a very nice dividend raise and boosted my quarterly income by $23.60. $ABR also had a slight raise which boosted income by $3. $TXN is one of my favorite purchases that I made during the Corona crash. They raised their dividend by 13% which boosted income by $10.80.

Overall I had a $37.40 raise just from owning these companies.

Side Income

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 $2,000 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 November?

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