Dividend Builder – September 2020

Mossy log.

The month of September was not prolific in the traditional dividend department. September did provide the setting for a perk, an adventure, a life dividend. My family and I took advantage of mandatory remote work and we hit the road for a three week, 2,400 mile road trip.

I am not tied to, and in fact, I am restricted from working in my employer’s downtown Minneapolis office tower. “You’re telling me my only requirement is internet access? Heck yes I’ll work from campsites all across the Pacific Northwest.” It was a beautiful trip of exploring, hiking, and commuting from picnic tables. I attended meetings from mountain trails, the beach in the Olympic Peninsula, and a yurt in Wyoming. If we have to take the bad from the pandemic, we’ll also take hold of the good and run away with it.

Speaking of taking the bad. My stock dividends were not living their best life in September. I under-performed September 2019 by 18%. Take a look below at the finer details.

September 2020 Dividend Payouts

TickerCompanyIncome
BACBank of America Corp$0.90
BPYUBrookfield Property REIT Inc$3.33
HRZNHorizon Technology Finance Corp$3.00
MMM3M Co$7.35
ORealty Income Corp$0.47
STAGStag Industrial Inc$1.20
TROWT. Rowe Price Group Inc$0.90
XOMExxon Mobile Corporation$4.35
Total: $21.50

September 2020 First Time/Increased Positions

No first time positions this month. I did add to my holdings in Iron Mountain (IRM), Energy Transfer (ET), and Cisco (CSCO). All three companies dipped nicely in September. I was able to lower my overall average cost and up my dividend yield. My confidence in Iron Mountain and Cisco is extremely high regarding long term share price and dividend safety. It seems Energy Transfer is a little more embattled and risky; however, I did want to up my holdings to one hundred shares in order to sell covered calls.

Side note, as I was pulling links for tickers, I noticed that Google updated their Finance pages with more colorful and interactive charts. Digital Information World posted a good overview of the updates.

September 2020 Position and Swing Trades

No position or swing trades. No trimming of positions. September was pretty low key. Our camping trip combined with no obvious opportunities led to a quiet month in the trading department.

September Summary

The account earned $21.50 in dividend income which is a decrease of 18% from the $26.26 earned in 2019. Apple Hospitality (APLE) and Southwest Airlines (LUV) contributed to the fund in 2019, but not in 2020. I am not holding LUV at the moment and APLE’s dividend is still suspended.

No trading income in September so the total for the month is $21.50. Not a rip-roaring month, but I was still able to earn passive income to continue moving the account forward. It is never too late to start building your own passive income stream via dividend paying companies. Brokers all around are no longer charging trading fees, so starting tiny is no longer a barrier to entry. Thanks for reading and stay tuned for Dividend Builder – October 2020.

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