Last full week of August

One day left in August and last full week is over. For a long time this was a dividend free week until we bought a small position of Royal Bank of Canada. On Monday we received first dividends from that company. We received 8,26 CAD which is approximately 5,30 €. This would had been our only dividend for this week but we also received late dividends from Saratoga Investment. From Saratoga Investement we received 2 shares as a DRIP and remainder 2,12 € as a cash. Total dividend from the Saratoga was 29,82 €.

August will be second month in 2020 when we do not exceed the 2019 dividends. Last year August we received 456,89 € and this year we will end up to around 410 €. 

 

 

 

3rd week of August

Again a quiet week. We did not make any purchases. On Thursday we received 1,43 € from Diversified Healthcare Trust. On Friday we received 33 shares of Vodafone @1,32 € as a DRIP and remainder of 0,79 € cash dividend. Total dividend was 44,23 €. We also received 1 share of Main Street Capital @27,76 € and remainder cash dividend of 3,12 € total of 30,88 €. So total amount of dividends received on fourth week was 76,54 €.

In August we have now collected 352,40 € of passive income. Unlike we thought last week, we will not meet our monthly target in August. The reason is that we had one dividend payment marked to very last day of August, but in reality the payment day is in September.

 

 

2nd week of August

Nothing happened at the beginning of the week. Everything happened on Thursday and Friday. On Thursday we received 17,55 € from Whitestone REIT. On Friday we received following dividends:

• Exchange Income 10,34 €
• Inter Pipeline 6,55 €
• Omega Healthcare Investors 48,08 €
• Realty Income 16,75 €
• Abbvie 8,47 €

On Friday we opened a new position in Europe. This will not increase our dividend income in 2020. We bought 30 shares of NN Group @31,7133 €.

We have now collected 275,86 € passive income in August. We most probably will exceed the monthly target of 442 €. This gets us a little closer to our 2020 target, but September will be awful. We are happy if we can reach 300 € in September. Fluctuation of currency rates is hurting our income significantly.

1st week of August

New month started and we had first payment of the second investment loan. We paid total of 501,02 € principal and 34,96 interests and fees.

Monday was week's only day when we received dividends. We received following dividends:

•  9,58 € from LTC Properties
• 114,24 from AT&T
• 44,30 from Verizon

We also made some purchases on Monday. We bought:

• 1 share of AT&T @29,85 USD
  
• 6 shares of HP Inc @17,88 USD
• 1 share of Genuine Parts Company @92,13 USD
  
• 25 shares of Realty income Corp @59,59 USD
  

All purchases include the fees. These purchases will contribute approximately 17,52 € to 2020 target. 

 Now we have collected  168,12 € dividends in August after the first week and we are 376,79 € behind the target pace. We are still waiting if Nordea is going to pay dividend this year or not. We should get 372,97 € dividends from Nordea. This is unlikely since ECB has adviced banks not to pay dividends in 2020.

Although year is not ended yet, we set new target for next year, since we have to start building Q1 income already. We set target for year 2021 to 6200 €, which means we should accumulate 517 € dividends/ month. This is 17,0% increase in our target. 

 

 

Last week of July

On Tuesday we finally received Main Street Capital dividends, 19,56 €.  Delay was 13 days. On the same day we received 8,13 € dividends from MSC Industrial Direct Co. On Thursday we received 23,10 AUD dividends from Clime Capital Ltd which is 14,05 €. On Friday we received 19,97 CAD dividends from Transalta Renewables Inc which is 12,56 €. We failed to receive LTC Properties dividends.

In last week of July we increased our position in Royal Bank of Canada by 14 shares @92,84 CAD. This will increase our 2020 income approximately by 6 €. 

The ECB has instructed the European banks not to pay dividends in 2020 due the insecurities caused by COVID-19. If Nordea will follow this recommendation we will not reach our 2020 target. We cannot increase our positions so much in so short time that we could cover the gap caused by loss of Nordea dividends. We will do our best to get as close as possible, but it is almost certain that we will not reach the target. We set target for the dividends for 2021. New target is 6200 €, which means 17% increase in target and 22% increase to projected 2020 dividends

In July we managed to collect 384,09 € passive income. A bit less than we expected. We start to fall behind and target seems to slip too far to reach. We knew the target was ambitious and then COVID-19 happened. Some of the risks realized, but that is life.