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.

4th week of July

The week was quiet. We did not buy anything but we received few dividends. We received 38,25 CAD dividends from Transcontinental Inc which is approximately 24,55.  Then on 23rd of July we finally received Apollo Investment Corporation dividends from DRIP. We received 5 shares @9,18 USD. Remainder of dividends did not cover the taxes so we had to pay 3,86 € for taxes. We also received 13,11 € dividends from Ocean Yield, which was also late. We are still expecting the Main Street Capital dividends which are 12 days late currently. Apollo Investment Corporation dividends were 15 days late and Ocean Yield 1 day late. It feels like our bank's service levels are dropping dramatically. We wonder why we should pay such premium for example from currency conversions when we get substandard service.

Now our July 2020 passive income is 329,79 €. So far we have increased our July dividends by 26,26 % from 2019 and we are still expecting some dividends to arrive.

3rd week of July

We had a good week, as usually in the middle of the month. On 15th of July we received following dividends:

• 16,15 CAD from Exchange Income which is approximately 10,41 €
  
• 10,23 CAD from Inter Pipeline which is approximately 6,59 €
  
• 53,14 USD from Spirit Realty Capital approximately 46,62 €
  
• 17,32 € from Realty Income Corp
  
• 36,06 € from Cardinal Health Inc
  
• 41,56 € from Leggett & Platt

We are still waiting paid dividends from Main Street Capital and Apollo Investment Corporation to reach our accounts. Delay is most likely due the fact that we participate in DRIPs. We are expecting to receive our dividends next week.

We made some small reinvestments during the week. We bought 2 shares of MSC Industrial Direct @65,852 USD and 10 shares of Main Street Capital @30,4818 USD. We estimate these purchases to increase our capital income approximately by 9 € in 2020.

We have now collected 257,38 € dividends in July, which is only 3,81 € less than whole July in 2019. We are expecting to fall even more behind our target. We are not worried since some annual dividends will be paid in fall.  We are still very confident that we will reach our target for 2020.

2nd week of July

A pretty dull week. Apollo Investment Corp paid its dividend, but we did not receive it yet. The reason is that we are participating DRIP and due that we usually receive stocks and remainder a week later than normal dividend payment day. We were shopping this week (again) and we filled a gap in our weekly dividends. We bought 9 shares of Royal Bank of Canada @93,61 CAD. This will increase our 2020 dividend income approximately by 10 €. The first dividend will be paid at week 35, which did not have any other dividend payer. Now we are expecting to receive capital income every week in 2020. In 2019 we had 5 weeks without any capital income.

We received only one dividend this week, 18,43 € from Whitestone REIT. This is second worst week so far in 2020. Still we are receiving income every week unlike last year.

1st week of July

June ended and July started. We did not reach the monthly target of 442 € in June. The week was pretty active, as usual at start of the month. We made old investment loan payment 213€ principal and 2,98 € interest and fees. New investment loan payback will start in August.

On the last day of June we received following dividends:

• 2,07 USD from Methanex which is approximately 1,87 €.
  
• 19,97 CAD from Transalta Renewables Inc which is approximately 12,97 €.
• 10,05 € from LTC Properties

On the first day of July we received following dividends:

• 2,97 € from Genuine Parts Company
• 20,10 € from Coca-Cola Company
• 14,65 € from Pepsico

On Thursday we received 24,17 € from Iron Mountain Inc and on Friday we received 30 AUD from National Australia Bank Ltd which is approximately 18,50 €.

As we received dividends, we reinvested some of them. On Thursday we bought 45 AT&T @30,20 USD. This will increase our year 2020 dividend income approximately by 30 €.

Our June dividend income was 394,22 € and July is currently 80,39 €. In total we have collected 2687,39 € out of 5300€ which is 50,71% of our target.We should have collected 51,92% so far. We are little behind our pace.

As quarter ended we took a snapshot of our portfolio. Our portfolio suffered from corona significantly and has not yet recovered. Our portfolio has lost compared to sp500 index. Our gross investment portfolio is now at all time high and Net investment portfolio is also decent.

Investment portfolio

Asset class	1st Jul 19	1st Oct 19	31st Dec 19	1st Apr 20	1st Jul 20
Cash	N/A	N/A	1 799,70 €	1 344,51 €	781 €
Investment funds	12 424,39 €	10 725,61 €	10 478,22 €	10 478,22 €	10 331,28 €
Coop memberships	1 500 €	1 500 €	1 500 €	1 500 €	1 500 €
Shares	80 078,12 €	119 731,61 €	124 914,13 €	98 487,31 €	132 343,57 €
Gross investment portfolio	94 002,51 €	131 957,22 €	138 692,05 €	111 810,04 €	144 922,11 €
Investment loan	8 296 €	7 657 €	7 018 €	6 166 €	25 740 €
Net investment portfolio	85 706,51 €	124 300,22 €	131 674,05 €	105 644,04 €	119 182,11 €

4th week of June

Again a quiet week. Not much happened, but we made some transactions.

On Monday we received 20,49 € dividends from Main Street Capital and 8,53 € from Dominion Energy. On Tuesday we received 43,66 € dividends from Blackrock Inc. These were all the dividends we received this week.

We decided to reinvest received dividends and increased some of our positions a bit. On Wednesday we bought 2 shares of Southern Co @52,40 and on Thursday 3 shares of Iron Mountain @24,54.

Currently we have collected 369,36 € dividends in June. Unfortunately we will not meet the target this time. We even fall behind in yearly target too. Usually second half has been a lot weaker than first half so we have lots work to do catch up later. July will be weak month, but better than last year. After July we expect to be almost 100 € behind our target pace.