December 2020 Dividend Report

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:

ADM Archer-Daniels-Midland Co $7.30
UPS United Parcel Service, Inc. $7.57
AVGO Broadcom Inc $8.10
ED Consolidated Edison, Inc. $9.18
TSN Tyson Foods, Inc. $6.01
RGA Reinsurance Group of America Inc $11.02
INTC Intel Corporation $9.90
ENB Enbridge Inc $27.82
KR Kroger Co $8.64
PNW Pinnacle West Capital Corporation $6.22
PFE Pfizer Inc. $8.55
CVX Chevron Corporation $19.35
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!

Transactions

I realized dividend increases from the following companies:

WP Carey (0.2%)

Pfizer (2.6%),

Enbridge (3.1%),

Eastman Chemical Company (4.5%)

Bristol Myers Squibb (8.9%)

Broadcom (10.8%).

There were no dividend cuts this month.

Transactions

I bought a lot of stuff.

Existing Positions:

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

New Positions:

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.

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