Dividend Income 2020
2020 starts the year with an unfolding global crisis as the Covid-19 pandemic hits and world stock markets tank.
Still feeling reasonably confident in my stock picking abilities, I am now thinking is this a buying opportunity as we all read about?
There must be some great buying opportunities so how can I pick up some bargain blue chips that pay regular dividends, but I want to buy them cheap!
At the same time I am thinking that I should also looking to diversify my portfolio and add a few new quality stocks that are not old oil energy plays or consumer staples.
Ta da!
mmm….. No thats it! 3M
3M now thats both a cheap quality stock as well as being an industrial play, plus 3M is a dividend aristocrat, so with no regrets I swoop and land just 70 shares into the portfolio. (All purchased with the proceeds from other generated income).
Thinking this could be a good opportunity to add other quality businesses, Bristol Myers Squibb lands on my radar! I only had the funds for 60 shares though.
Cisco too?
With Cisco’s cloud storage and the new working normal “working from home”
It’s Christmas, Buy, Buy, Buy! Thinking I have to buy Cisco as its also quality dividend play too, I purchased 100 shares at a great price.
So total earnings for 2020 “The Year of the Pandemic” increased to £2,953.25 annually, equating to £246.10 monthly. (A £517.49 increase from 2019)
Thats more like it! I felt happy with 2020’s performance as:
At the start of 2020 my aim was to increase monthly earnings, I wanted dividends to generate an average monthly income of £250 per month (try and set realistic targets to aim towards).
For equity analysis and income generated per stock, please see the attached file of dividend income below:
Website Disclaimer:
Please remember that all investments can rise and fall in value, therefore you may get back less than you originally invested.
This website or webpage is not a suggestion to purchase or invest in any stocks / equities and is presented purely for research analysis.
Should you be unsure of any investment whether it be purchasing shares or equities directly, funds or investment trackers, you should seek independent financial advice from a qualified financial advisor.
All logos and Trademarks are the property of the company covered in this article. We only use logos/pictures to assist investors identify the Brand/s and encompassing products.