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Oct 02 2020

Dividend Income Report: September 2020

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Bye-bye September 2020! Well, another month is gone. Summer is over and autumn is revving up, with colder mornings and tree foliage changing color. While I like summers, the hot days and nights of August become tiresome and make me look forward to the early weeks of autumn. September saw the US stock market’s growth streak come to end, taking on a bearish sentiment as the Dow declined amid doubts about the economic recovery. The US saw a brief surge of civil unrest, but this time it was quelled rather quickly. The election season continues onward, with September ending with the first presidential “debate” (more like a 90 minute argument, in my opinion).

With September now done, let’s do the numbers see how my dividend income played out last month.

AWP $ 44.00
BGY $ 33.80
CHW $ 21.00*
CIK $ 22.50*
CLM $ 46.33*
DHY $ 28.88
EAD $ 9.13
EDF $ 20.00*
EHI $ 26.80
EXG $ 92.40*
HQL $184.50
NCV $ 29.75
PFN $ 36.00
ZTR $ 24.00
USA $ 48.00
TOTAL $667.09

* Includes Return of Capital

Hmmm. $667.09 is better than last month’s $655.53, but not by much.

As for any changes to dividends this month, there have been some changes both expected and unexpected. Again, EAD’s dividend was trimmed down slightly, from $0.0575 to $0.0571 cents per share. A tiny nick of course, but over time even tiny nicks can add up and be felt. On the bright side, HQL raised its quarterly dividend an impressive $0.07 per share, from $0.34 to $0.41. Nice! USA raised its quarterly dividend from $0.14 to $0.16 per share. That’s not quite as high as its Q1 payout of $0.17 per share, but it’s a good sign that its dividend is recovering so I’m hopeful that its Q4 payout will be $0.17 per share or better.

For the first time this quarter, I sold some shares because I needed the money. Last week I sold off 80 shares of EAD for $7.486 per share.

Speaking of quarter, September marks the end of Q3. So let’s see how I did for Q3:
July $706.75
August $655.53
September $667.09
Q3 TOTAL $2029.37

At first that sounds good, but in comparison to 2019’s Q3 $2658.25 total, it’s a dissapointing quarter. This is mainly due to assets being sold because I needed the cash, and dividend cuts which were unusually bad this year.

Overall, September was an okay month with a couple surprise dividend increases which makes me a little more optimistic about future dividend payouts.

Image Credit: jarmoluk (pixabay.com)

 

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