Dividend Income Summary: Lanny's July 2020 Summary

Seeking AlphaDividend StrategyDividend Income Summary: Lanny's July 2020 SummaryAug. 10, 2020 4:56 AM ET|| Includes: AMNF, BNS, CAH, CIM, CM, CSCO, EMN, GSK, GWW, IRM, ITW, LEG, MPW, O, ORCL, OXY, PM, SMG, TOT, VIAC, VOOby: Dividend DiplomatsDividend Diplomats Large-cap, dividend investing, dividend growth investing, valueDividend Diplomats .cls-1{fill:#024999;}SummaryDespite the pandemic from COVID-19, dividend income continues to grow, due to additional investment and reinvestment.
I continue and will always maximize the 401k and IRA, as that continues to pay off in dividends, literally.
Dividend income, year over year, is higher by $125.85 (including my wife's dividend income of $87.24 last year with mine).
The fear of the coronavirus still spreads. Unemployment claims still in the millions. No deal is reached on the economic stimulus package, the HEALS Act, but yet the S&P 500 was up 5.5% in July. What a confusing and volatile stock market. However, dividend income continues to fuel the mission to financial freedom.
In July, 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 July 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 & 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... Read more