Passive Income – June 2019

Once in a month I will publish a Passive Income Report. This will show you what changes happened in my portfolio and how much passive income I collected during the month. This month I received 347,2 in passive income, which is a 28 % increase compared to last June.

That’s quite an increase! Let’s take a look where did that money came from.

Passive Income

  • Canadian Utilities (CU): 20,9 €
  • Enbridge Inc. (ENB): 57,5 €
  • Exxon Mobil Corporation (XOM): 12,7 €
  • Fortis Inc. (FTS): 31,2 €
  • Gilead Sciences Inc. (GILD): 13,9 €
  • Johnson & Johnson (JNJ): 16,9 €
  • Microsoft Corporation (MSFT): 10,2 €
  • Nokia (NOKIA): 20,0 €
  • Realty Income Corporation (O): 12,7 €
  • Royal Dutch Shell (RDS.A): 37,2 €
  • Target Corporation (TGT): 31,0 €
  • Walgreens Boots Alliance Inc. (WBA): 17,6 €
  • S-Pankki (Cooperatives): 19,7 €
  • Mintos (P2P loans): 45,7 €

To keep things as simple as possible, I have converted all currencies to Euros.

In 2019 I have received 1 825 € in passive income, which is 52,1 % of my annual goal (3 500 €). Halfway done! It is still going to be really hard to reach this goal, because most of the annual dividends have already been paid this year.

Passive Income

If you are interested to read more about my passive income history, you can access older reports for more details.

Dividend Increases

Four companies in my portfolio announced dividend increases in June:

  • Medtronic (MDT): +8,0 % 
  • Realty Income (O): +0,2 %
  • Target (TGT): +3,1 %
  • W.P Carey (WPC): +0,2 %

Three of these increases were very small, but I am not starting to complain about extra money! These raises increase my projected annual income by 8,3 €.

Buys/sells

I purchased 32 shares of Abbvie Inc. (ABBV) in June, which increased my projected annual income by 120,5 €. You can read more about the purchase here

I also sold some shares this month. First I sold rest of my Norwegian shares (NOM), which was one of my goals for 2019, because of the new withholding tax laws. After that I reduced my position in Omega Healthcare Investors from 205 to 130 shares. This single stock was already over 10 % of my portfolio value and I think I was a bit too heavy on REIT’s. Selling these shares decreased my projected annual income by 174,3 €, which means I lost about 53,5 € of passive income.

Even though I lost some projected income in June, I have some extra cash for new purchases, which means this reduction will only be temporary!

Summary

In short, my passive income increased by almost 30 % compared to last June, I received four dividend increases and I was able to slightly balance my portfolio. I would love to add new defensive stocks to my portfolio to make it a bit more recession resistant.

Thanks for reading!

How was your month? How much passive income did you receive? Please share your thoughts in the comment section below!

12 thoughts on “Passive Income – June 2019

  1. Dividend Diplomats Reply

    Great job Deluge! I love the progress you are making. ABBV is one of my favorite holdings and I’m excited about the prospects of the combined entity. Congrats on pulling the trigger and adding.

    Bert

    • Dividend Deluge Post authorReply

      Thanks Bert! Glad to have you as a fellow shareholder. ABBV is one of my largest holdings and it has a lot of potential in my opinion.

  2. Snugfortune Reply

    Wow almost €350 in monthly dividends..that’s really good. Congrats, DD!
    Also a great contribution by Enbridge.
    Keep it up!
    -SF

  3. JC Reply

    Looks like a great month to me DD! I’m still a bit hesitant to jump into ABBV but admittedly I haven’t looked at their financials that closely. All the best to start the second half of 2019!

    • Dividend Deluge Post authorReply

      Thanks JC!

      I think ABBV is a really hard stock to analyze at the moment. This might be one of the main reasons why it looks so undervalued. All the best to you too!

  4. Doug Reply

    Good job some good companies paying you. Nice buy on ABBV I bought the dip when it dipped. Keep it up

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