Last full week of June 2026

This week was fairly typical for us. Nothing special happened, but a few milestones were reached. On the dividend side, the week landed again in our usual 100–200 € range.

Dividend Income for the Week

We received a total of 144.29 € in passive income, broken down as follows:

• 47.56 € from Saratoga Investment
• 1 share of Main Street Capital (valued at 44.68 €)
• 15.04 € as a remainder from the MAIN DRIP 
• 37.01 € from Midcap Financial Investment Corp 

June’s Position Secured

With these dividends, June officially became our third‑best June ever. Even though more dividends are still expected, they won’t be enough to push the month any higher in the rankings.

More importantly:

• We can now be confident that by the end of June our passive income will exceed last year’s total.
• Current estimates indicate that this will be our best passive‑income year ever. 

This means we have finally reached the same passive‑income level we had before selling most of our holdings in December 2022. Rebuilding that income stream took 3.5 years.

Debt Levels and Overall Situation

Although we have taken on some new loans since repaying everything in December 2022, our financial position is significantly stronger today:

• Our current debt level is less than one‑third of what it was in December 2022.
• Margins are much lower.
•  Our base rate is now 3‑month Euribor, instead of the previous 12‑month Euribor.

Overall, the passive‑income stream has been restored, the balance sheet is lighter, and the structural risk is lower. The portfolio is now more stable than it was before the 2022 divestments.

 

Purchases of the week

As mentioned earlier, our cash situation is currently quite tight. We recently paid a large amount of last year’s taxes, and in addition we allocated a notable sum toward our upcoming holiday. We also added a small design element to our home, something decorative rather than a typical household purchase, and this naturally shows in our weekly spending.

Even with these constraints, we still made one small but meaningful investment purchase. We bought 1.4109 shares of Verizon Communications at 46.24708 USD. This increases our dividend income by two shares, as our accumulated fractional shares once again rounded up to a full share.

 

 

Two weeks since last update

As mentioned earlier, things have been very quiet. Last weekend we were on a mini vacation, which is why there was no blog update. Another reason is that during that week we did not receive any passive income. We did make one purchase, though.

This week was slightly better in terms of income. As usual, the 15th brought several dividends, and a few more arrived on other days. During this two week period we received the following dividends:

• 3,23 € from Apple Hospitality Reit
• 46,60 € from  Realty Income
• 37,96 € from Main Street Capital
• 0,02 € from Dynacor
• 7,41 € from Northland Power
• 19,42 € from Exchange Income
• 5,70 € from Fiera Capital

In total we received 120,34 € over these two weeks. This is very low compared to our normal weekly levels. Despite the weak numbers, the month has still been good compared to last year. We have already collected the same amount of dividends as in the entire month of June last year. We have also passed the full year total of 2021.

So at the moment 2026 is firmly holding third place in terms of income, even though more than half of the year is still ahead.

 

Then to the purchases. We have been holding back on new investments while waiting for our tax assessment to be finalized. We knew we would have to pay some additional taxes, but we did not know the exact amount. This week we finally received the final numbers.

We could have paid the taxes in two installments, but we decided to take care of everything at once. We wanted the whole thing off our mind, and sometimes it is better to just rip the band‑aid off. In total we paid around 2 800 € in additional taxes.

Because of that, our recent investments have been very small. Here is the breakdown of the last two weeks:

• 0,9599 shares of Verizon @47,76539 USD
• 0,1822 shares of Bank of Montreal @236,55 CAD
• 15,6132 shares of Emera @72,05249 CAD

All of these purchases will increase our 2026 income, even the fractional ones, because they pushed us over the threshold to new full shares.

 

Slow season is starting

The last seven months of the year will be much quieter than the first five. The reason is simple. In Europe, and especially in the Nordics, annual dividends are still very common and a large part of our portfolio is located there.

Even so, the first week of June started strongly:

•  2,24 € from Enbridge
• 21,67 € from Dynex Capital
• 13,81 € from May Interests
• 25,18 € from Co-operatives
• 53,82 € from Canadian Utilities
• 212,50 € from NN Group
• 23,80 € from Cibus Nordic

In total we collected 353,02 € during the first week of June. This is already 75 percent of last year’s June dividends, so the month has started very well.

 

On the purchasing side the quiet period continues because taxation is still unfinished. We still made a couple of small additions:

• 0,5411 shares of Bank of Montreal @226,57549 CAD
• 15,6132 shares of Emera @72,05249 CAD
• 6,9074 shares of Dynex Capital @13,15978 USD 

The Emera and Dynex purchases will increase our 2026 dividend income a little. The Bank of Montreal fractional share will not, since fractional shares do not pay dividends for us. It still moves us closer to one more full share, so it is progress.