Published Fri, 03 Jul 2020 03:50:47 -0400 on Seeking Alpha
Seeking AlphaDividend StrategyBlue Chip DRiP Portfolio: June Dividends And Covered Calls UpdateJul. 3, 2020 3:50 AM ET|| Includes: ABBV, AM, ARCC, AVGO, BEP, BP, BPYU, CAH, D, DEA, ENB, ET, GD, GLW, IP, IRM, JNJ, KEY, KHC, LAND, LYB, MCD, MMM, NWL, PBCT, PFE, PFF, PPL, PRU, QCOM, RDS-B, SO, T, UPS, VLO, WBA, WFC, XOMby: Blue Chip DRiPBlue Chip DRiP SummaryJune dividend income was better than anticipated, considering the widespread dividend slashing and freezes.
Even with a suspension from Ford, and a stinging cut from Shell, we still received $1952.04 from 31 different stocks in June.
All-time dividends received are up to $16,996.01 since we began this portfolio in February 2019.
None of our holdings announced dividend raises and one announced a cut.
In addition to dividends, we accrued $658.90 in covered call premiums in June, which more than make up for reduced dividend income.
Photo Credit: Encyclopedia Britanica
The United States of a Mess
Happy 4th of July to all. Hope you sweep the spiders off your lawn chair and find a great spot to watch some beautiful fireworks. Thank you to everyone who messaged me... asking where I've been, why I haven't penned a May update, or anything else in a while. I didn't realize anybody actually read these articles!
I was getting burnt out from endless market and political noise, so I took a month off to relax with the family and hit the refresh button. So here we are, back at it with the June update, recession edition. We're highly focused on defense at the moment: Primarily stacking cash and writing covered calls when appropriate. Dollar cost averaging here and there to stay engaged. Preparing for bubbles and rallies fueled by fumes to pop, once the inevitable realities of a longer term economic downturn set in. The "V-Shaped" recovery is fleeting nonsense. Don't believe the hype.
The cold hard facts show that we are nowhere near a true recovery. We just jumped on this roller coaster and it hasn't even left... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|ISHARES S&P US PREFERRED STOCK INDEX FUND||37.21||0.0||0.00||2.08||5.60|
|ROYAL DUTCH SHELL B||70.13||0.0||0.00||3.76||5.23|
|PEOPLE'S UNITED FINANCIAL||16.06||12.3||1.31||0.71||4.52|
|WALGREENS BOOTS ALLIANCE||55.56||10.9||5.10||1.83||3.22|
|UNITED PARCEL SERVICE||122.56||22.4||5.47||3.84||3.14|
|JOHNSON & JOHNSON||130.43||21.6||6.03||3.80||2.93|
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