Dividend Cuts and Suspension Continued...

Weekly Update: Value: $4,279 | Gain: +$165 | Return: ▲ 4%

Hello dividend investors.

It’s good to be back. It’s been 2 weeks since I wrote to you. I hope you didn’t miss me too much.

Let’s continue discussing dividend cuts and suspensions.

After I sent out the last newsletter, a subscriber emailed me back inquiring if I knew of a website or a resource that was tracking all dividend cuts and suspensions due to coronavirus pandemic.

So I Googled and by the time I reached the 6th page of the search results, I realized that the information is just too scattered and the best resource is actually a Reddit thread. It’s comprehensive but an eyesore.

That gave me an idea to create my own Dividend Cut and Suspension tracker. I plan to update it weekly. Check it out on Google Sheets. I also wrote about the tracker on Medium (friend link).

Portfolio - Weekly Update

Value: $4,279
Gain: +$165
Return: 4%
Investment: $250.00
Income: $0

If your dividend portfolio didn’t turn green last week, you should consider doing a deeper analysis of what’s keeping you in red. For me, all but 3 of my positions were in the red. So I did what I know best - DCA or Dollar Cost Averaging.

Dollar-cost averaging allows you to reduce the overall cost of the underlying stock by making purchases at regular intervals. This increases your dividend as you purchase more stock.

Purchases

For $250, I bought Johnson & Johnson, Pepsi, Walmart, and Ventas. Except for Ventas, the rest of the companies were all in red, creating an opportunity for me to do DCA.

Portfolio All-time

Value: $4,279
Gain: +$492
Return: ▲25%
Link to portfolio: M1 Finance

Projected Dividend Income

Annual: $113
Monthly: $9

That’s it for this week. Next week, I will be sending out the May portfolio update.


Thank you so much for your time. I appreciate it. 🙏

Please consider sharing this newsletter with friends and fellow dividend investors. Please subscribe so you don’t miss new posts (if you haven’t already).

Until next week.

✌️

Zahid

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Disclaimer: Dividend.Fun is an informational publication and by reading it, you understand that you are not receiving investment advice. Unless otherwise noted, all data is as of the date the newsletter was published. M1 Finance link above is a referral link. I recommend using M1 Finance because I personally use it.