Dividend Income Summary: Lanny's August 2020 Summary

Seeking AlphaDividend StrategyDividend Income Summary: Lanny's August 2020 SummarySep. 10, 2020 3:40 AM ET|| Includes: CVS, ETN, GD, ITW, KMI, LMT, MCD, NGG, PM, Tby: Dividend DiplomatsDividend Diplomats Large-cap, Dividend Investing, Dividend Growth Investing, ValueDividend Diplomats .cls-1{fill:#024999;}SummaryI have gone from making $2.70 in a single month in dividend income to well over $3,500+ in a single month.
Given the global pandemic, dividend increase expectations are low, at least from my viewpoint.
The name of the game is to apply what you learn through financial education.
Hope everyone enjoyed Labor Day! The stock market continued to surge over 7% during the month of August! Then, the Heroes Act or Heals Act still sits in Congress, as they are on recess and they make attempts to finalize the next economic stimulus package. Dividend income, though, continues to be a very hot topic, and has us investors away from announcements, fearing the potential dividend cut.
In August, 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 August 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 401(k) through work and my Health Savings Account. This allows me to save a ton of money on taxes (a.k.a. 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 takes... Read more