Dividend Income Summary: Lanny's June 2020 Summary

Seeking AlphaDividend StrategyDividend Income Summary: Lanny's June 2020 SummaryJul. 7, 2020 8:40 AM ET|| Includes: DFS, NSC, O, PFE, RDS-A, RDS-B, TGT, TROW, XOMby: Dividend DiplomatsDividend Diplomats Large-cap, dividend investing, dividend growth investing, valueDividend Diplomats .cls-1{fill:#024999;}SummaryThe stock market continues to rise and dividend income keeps coming in.
In June, we set another record for dividend earnings and it shows proof that dividend income is one of the best passive income streams.
Despite the pandemic from COVID-19, dividend income continues to grow, due to additional investment and reinvestment.
The stock market continues to rise and dividend income keeps coming in. The uncertainty is still significantly high and the direction the stock market is going does not make sense. However, dividend income continues to fuel the mission to financial freedom.
In June, we set another record for dividend earnings and it shows proof that dividend income is one of the best passive income streams. Time to dive into my June 2020 dividend income results.
Dividend Income Dividend income is the fruit from the labor of investing your money in the stock market. Further, dividend income is my primary vehicle on the road to financial freedom, which you can see through my dividend portfolio.
How do I research and screen for dividend stocks prior to making a purchase? I use our Dividend Diplomat Stock Screener and trade on Ally's investment platform (one of our Financial Freedom Products) - commission free.
I also automatically invest and max out, pre-tax, my 401k through work and my Health Savings Account. This allows me to save a TON of money on taxes (aka thousands), which allows me to invest even more. In addition, all dividends I receive are automatically being reinvested back into the company that paid the dividend. This take the emotion out of timing the market.
Growing your dividend income takes time, consistency and allow... Read more