December 2020 was a record high month for the portfolio in terms of dividend income. Overall, I recorded a monthly dividend income of over $483!
This month I was paid by the following companies:
|UPS||United Parcel Service, Inc.||$7.57|
|ED||Consolidated Edison, Inc.||$9.18|
|TSN||Tyson Foods, Inc.||$6.01|
|RGA||Reinsurance Group of America Inc||$11.02|
|PNW||Pinnacle West Capital Corporation||$6.22|
|LHX||L3Harris Technologies Inc||$8.29|
|LMT||Lockheed Martin Corporation||$17.55|
|PRU||Prudential Financial Inc||$28.05|
|GILD||Gilead Sciences, Inc.||$17.34|
|TROW||T. Rowe Price Group Inc||$6.75|
|WBA||Walgreens Boots Alliance Inc||$8.77|
|PFG||Principal Financial Group Inc||$10.08|
|VT||Vanguard Total World Stock Index Fund ETF||$98.19|
|ACWV||iShares MSCI Global Min Vol Factor ETF||$155.44|
Total Dividend Income: $483.81 [ILS 1,539.93]
This means that my annual, post tax dividend income for 2020 amounted to a total of $1,490.64. Not bad for a 7 months old portfolio!
I realized dividend increases from the following companies:
WP Carey (0.2%)
Eastman Chemical Company (4.5%)
Bristol Myers Squibb (8.9%)
There were no dividend cuts this month.
I bought a lot of stuff.
Added 33 shares of $KR at $30.73
Added 34 shares of $STAG at $29.66
Added 15 shares of $WPC at $69.2
Added 17 shares of $BMY at $62
Added 14 shares of $ED at $72.25
Added 17 shares of $PNW at $77.19
Added 3 shares of $LMT at $355.89
Initiated a position into $VLO – 18 shares at $57.24
Initiated a position into $KMB – 10 shares at 134.77
Initiated a position into $AMGN – 10 shares at $220.87
Initiated a position into $GIS – 34 shares at $58.8
These purchases have increased my PADI to $3,855.99.
My portfolio as of December 31st, 2020:
Close to FIRE
Other sources of passive income for December include my rental income of $1257 [ILS 4,000] and my online side hustle income of a record $2,202 [ILS 7,006].
So my total passive income for December reached a whooping $3,942 [ILS 12,545] which covers 112% of our expenses for December [ILS 11,172 or $3,512.95].
I’m very happy about this result and hopefully if I string more months like this I could declare true financial independence!
Looking at my finances for 2020, our average monthly expenses stands at ILS 10,545 [$3,315]. This is a pretty comfortable standard of living for a DINK couple in Israel.
For 2021, I found new tenants for my rental property and increased my rental income to ILS 4,200 per month which hopefully will remain stable. So this should cover 39.8% of our expenses.
My side business income fluctuates, but hopefully should generate at least ILS 3,000 per month, covering an additional 28.4% of our expenses.
So that leaves a gap of 31.8% of our monthly expenses that needs to be covered by sustainable passive income. This is the role of the dividend portfolio.
My most important goal is, then, to generate a post-tax income of ILS 3,353 [$1054] per month from my Dividend Growth Portfolio. This means a PADI target of $12,651.
As of today, my PADI (projected annual dividend income) is $3,855.99 [ILS 12,273.35] which translates to $321.33 [ILS 1,022.73] per month.
That means that I achieved 30.4% of my goal.
My goal for for the coming year is to achieve at least 50% of that goal, or a post-tax PADI of $6325.
I hope that through dividend increases, dividend reinvestment and new contributions, I will be able to reach this goal!
Here’s to a better 2021.