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Welcome to my monthly dividend portfolio update!
I’ve been receiving a lot of questions about investing and dividends so I thought this was the perfect time to give a portfolio update and help more people understand how dividend investing works.
When you invest in dividend stocks, you are buying another stream of income. Dividends can provide you with a cash payout that you may receive monthly, quarterly, or once a year.
If you strategically build your portfolio, you can have enough dividends to pay your monthly bills! Pretty awesome. But it won’t happen overnight. In order to reap the benefits of dividends, it takes patience, strategy, and a commitment to continuous learning and growth.
My goal as a dividend investor is to generate a reliable and growing stream of income with the assets I choose to add to my portfolio.
The best part about building a dividend portfolio is that you get to choose what assets you add to your portfolio. It’s just like buying shoes! There are thousands of companies that pay dividends but you get to choose which sectors you want to invest in and how much you want to invest based on your personal style and goals.
First, let me tell you that we are not operating in a normal dividend environment this month so you need to do higher levels of research and understand the risks associated with your investments.
Have you been following the latest dividend news? Subscribe to Wealthy Women Weekly to get the latest updates.
Many top companies have slashed or suspended their dividends such as Ford (F), Boeing (B), General Motors (GM), Delta Air Lines (DAL), Macy’s (M), L Brands (LB), Tapestry (TPR), and Nordstrom (JWN) as companies are seeking to preserve cash to stay afloat during this global pandemic.
So, what should you do during this time?
Don’t panic! Panic attacks don’t create profits. This is the time to rebalance your portfolio, analyze your current positions, and identify companies that have the potential to come out of this pandemic stronger than they were before.
If you’ve met your savings goals and emergency fund needs, you can work on building your long-term dividend portfolio. This probably won’t be the end of dividend cuts but if you’re investing with a long-term time horizon, you won’t be bothered by the minor losses in income. Plus, this is the perfect time to add growth stocks to your portfolio and cash in on the high-profit potential of stocks that have been beat down during this time.
Bottom Line: Make sure you have a well diversified portfolio of high-quality assets and make the most of this time right now to make profits from extreme market volatility.
In this May 2020 Dividend Queen Income Update, I’ll give you some dividend-paying company stocks that have rewarded me with cash payouts in the form of dividends.
If you’re new to investing, check out these resources to get you started on your journey so you can start earning an extra stream of income:
- Dividends Are a Queen’s Best Friend (Available on Amazon!)
- The Ultimate Beginner’s Guide: Invest in Just 5 Minutes a Day!
- Tax-Free Dividend Queen: How to Earn an Extra Stream of Income and Live a Life You Love By Investing in Assets That Permanently Lower Your Taxes
Here are companies in my portfolio that continued to pay dividends in May 2020:
| Company | Ticker Symbol | Annual Dividend | Payout Date |
| Caterpillar | CAT | $4.12 | 5-20-20 |
| AbbVie | ABBV | $4.72 | 5-15-20 |
| Apple | AAPL | $3.28 | 5-14-20 |
| American Express | AXP | $1.72 | 5-8-20 |
| AT&T | T | $2.08 | 5-1-20 |
Check out the June 2020 Dividend Queen Income Update.
Are you interested in our next dividend investing course? Contact us at wealthywomendaily@gmail.com and you will be notified of the next course!
BIO: Charlene Rhinehart is a Certified Public Accountant, Founder of Wealthy Women Daily, and Editor-in-Chief of the Dividend InvestHer and The Wealthy Woman Investor.
Charlene is currently the Chair of the Illinois CPA Society Taxation Individual Committee. With over a decade of experience in the financial services industry, Charlene is one of the few leaders who design insights specifically for the woman investor. Charlene’s work has been featured in a variety of publications including the Huffington Post, Black Enterprise, and the American Institute of Certified Public Accountants. In 2019, Charlene released her book “Dividends Are a Queen’s Best Friend”, on Amazon.
Disclaimer: Wealthy Women Daily is solely educational and informational, and is not intended to give investment or trading advice of any kind. Not all asset classes are suitable for all investors. Wealthy Women Daily is a research academy that provides you with the data and analysis you need to make an informed investment decision. It is your responsibility to talk to an expert to understand how specific investments will impact you during tax time. Affiliate links are included in this article.
I have learned so much in just one post, thank you!
Awesome! Feel free to subscribe to Wealthy Women Weekly for more investing + money tips. https://wealthywomendaily.com/wealthy-women-weekly/
that’s really cool! i loved reading about it
Dividends are a great stream of income to get you started on your passive income and financial freedom journey!
I recently purchased Ford and GM. I’m still learning the market, there’s just so much to learn. Great article!
It’s a constant process of learning and growing! In my book, Dividends Are a Queen’s Best Friend, I talk about some investing mistakes that I made when I was investing during the 2008 recession. It’s real and raw. You should check it out to get some good tips, laughs, and motivation on your journey. Wishing you the best!
I am currently on a journey to financial freedom and I feel like the resources you’ve offered will help me a lot! They say that millionaires have multiple streams of income typically I too aspire to become wildly successful with my business and fall into that category as well
I’m so glad to hear that. WIshing you the best on your financial freedom journey! The best thing you can do is to position yourself with assets. And when you have assets that help you create a recurring stream of income without even lifting a finger, that’s even better!
Dividends are the way to go, but stock price growth over time has paid out the best for me so far.
Both are amazing to have in your portfolio. Dividends are great because it’s a recurring stream of income that you can get for decades without selling your stock. You keep your stock in your portfolio and get income too!
Very insightful article. As a 26 year old , I am interested in investing into my future and creating generational wealth. I never knew much about the stock market before but I have always heard people talk about it and how investing into stock can help you in long run. I purchased a copy of “Dividends are a Queens bestfriend ” and learned so much. I am looking forward to learning more as I begin to build my financial profile.
Best ♡
Great report. Thinking of when is the right time to get back in the stock market. Sold mine during the COVID outbreak. Will definitely look into this companies. Thanks for writing this!
I have always wanted to learn more about stocks and investments. I will share this with my husband but for now I’m going to take notes on the post for novice because I have lots more to learn. This post was full of value… 🙌🏼
I’m so glad you enjoyed the post! It is great when couples can work together and fill their portfolios up with investments that align with their lifestyle. You should check out Dividends Are a Queen’s Best Friend. It’s perfect for first-time investors! Female-friendly language and a fun comparison to relationships and the shopping mall to keep you entertained: )