Welcome to a new report of my Dividend Diary on the TEV Blog. Here, I report the development of a cash flow-oriented investment approach that focuses on generating a passive income through dividends. Against this background, the goal is not to outperform the market but to put food on the table through a regular income via dividends.
With the Dividend Diary, I document how a cash-flow investment approach can be part of well-balanced wealth management. To keep things simple, I have built three pillars:
- Active income.
- Passive income.
- Conversion.
Dividends fall into the last two categories. They are passive because they provide a cash flow without me going to work. Additionally, they are an essential pillar for conversion since they can be reinvested to generate even more income in the future. That is the Theory. Now let’s get down to practice.
My monthly income with dividends in May:
This month, my cash-flow approach generated the following income through dividends:
- AT&T (33.37 EUR)
- Bristol-Myers Squibb (42.49 EUR)
- CVS Health (21.41 EUR)
- General Mills (39.57 EUR)
- BASF (150.20 EUR)
- Talanx (121.47 EUR)
- Allianz (315.28 EUR)
- Mayr-Melnhof Karton (22.13 EUR)
- Munich Re (304.97 EUR)
- Assa Abloy (13.04 EUR)
- General Dynamics (15.81 EUR)
- Omega Healthcare (21.66 EUR)
- AbbVie (44.44 EUR)
- AAK AB (22.56 EUR)
- Procter & Gamble (20.77 EUR)
- Danone (30.01 EUR)
- Main Street Capital (8.91 EUR)
- SAP (48.59 EUR)
- Stemmer Imaging (288.33 EUR)
- Williams-Sonoma (12.62 EUR)
- Realty Income (18.46 EUR)
- Apple (7.90 EUR)
- Kontron (31.57 EUR).
The total monthly income with dividends in May (after taxes) was: € 1,628.56 / appr. $ 1,790
Dividend income report check
Compared to last year, the performance was okay (+ 16 percent YoY). Overall, the development looks like this:
Stocks I sold in May
I sold all of my shares of Leggett & Platt (due to a dividend cut) and USU Software (due to planned delisting).
Stock purchases in May
I bought more shares of great companies:
- AbbVie
- Assa Abloy
- Amdocs
- Alexandria Real Estate REIT
- Automatic Data Processing
- Booking Holdings
- Cboe Global Markets
- Diageo
- Extra Space Storage
- Emerging Markets ETF
- Generals Mills
- Japan ETF
- Kontron
- Mensch & Maschine
- Meta
- PepsiCo.
- Realty Income
- Snap-on
- Qualcomm
- Williams-Sonoma
Bristol-Myers Squibb(paused in May)CVS Health(paused in May).
