March 2020 Dividend Income Report

Welcome to my 8th monthly dividend income report for March 2020. In this report, I’ll cover my passive dividend income growth along with dividend increases and changes in my portfolio as I aim for my dividend income to surpass my monthly expenses.

These holdings are broken down between my FundriseRobinhoodStash Invest and Fidelity accounts.

I received dividend income from my REIT holdings at Fundrise and dividend paying stocks across the brokerage accounts listed above.

To keep these numbers simple, I’ll list the companies I own along with the dividends received.

CompanyDividends Received
Bank of America (BAC)$0.25
Fidelity Money Market (SPAXX)$0.05
Ford (F)$8.69
Microsoft (MSFT)$0.40
Realty Income (O)$0.70
Unilever (UL)$0.90
VIsa (V)$0.90
Western Union (WU)$4.54

March 2020 Buys & Sells

The Dow Jones crashed in March but I still held on to most of my positions anyway. I did sell my Western Union (WU) stake and picked up more shares of Walmart (WMT) and Realty Income (O) at reduced prices. This may affect my dividend income in the short term but I was dissatissifed with Western Union’s CAGR numbers over the long term,.

If you had cash sitting on the sidelines then March was a great month to buy stocks. Many sectors like airlines & cruise stocks were selling up to 70% off.

I’m still pleased with my overall progress and am on track to have my best dividend year ever!

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Tarik Pierce is the founder of and regularly contributes articles to this website. He studied Economics at Dartmouth College and invests in a mix of dividend stocks, high CAGR tech stocks & cryptocurrencies.

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