I hope you’re enjoying your 2023 summer. I haven’t done any travel or done anything special other than attending pleasant family gatherings at a local lake for three of July’s five Saturdays. Regarding the stock market, it has been muddling along, but yesterday the market took an approximately 1% hit with the recent Fitch Ratings downgrade of the US’s credit rating, from AAA to AA+. It’s unknown whether this impact will be just a brief blip and the market bounces back, or if it will be more prolonged and drag the market down.
Let’s do the numbers see how my dividend income fared in July:
* Includes Return of Capital
It pains me to see a month’s dividend total be under $400. I was making approximately that way back in 2012, so that shows just how much ground I’ve lost as I’ve sold off stocks and suffered dividend cuts.
Because I needed the cash again, I sold off my remaining 50 shares of OHI at $31.10/share.
I bought more ARR shares. First 12 shares at $5.30/share, then later 13 more shares at $5.15/share.
No dividend cuts occurred this month, so no news is good news in this case.
In conclusion, July was a somewhat disappointing month. Hopefully things will turn around.
Image Credit: jarmoluk (pixabay.com)