DHC - My Dividend Stock Portfolio: New June Dividend Record - 101 Holdings With 22 Buys

2024-07-24 08:10:00 ET

Summary

• Investment activity remained high in June, focusing on BDCs aiming to increase dividend income by at least $100 each month.
• Adjusted dividend income in June is up 27% Y/Y and 5% vs the previous quarter.
• Main portfolio picks included Ares Capital, Hercules Capital, Goldman Sachs BDC, and MidCap Financial Investment Corporation.
• Targeting $9,000 in annual net dividends for 2024, with potential to reach $10,000; YTD dividend race currently at 11%.
• Gifted Working Time 2024: Around 144 hours, or 18 days, of active work have been replaced with passive income in 2024, which is equivalent to almost four entire workweeks.

Portfolio Changes in June

Investment activity in June continued as planned and similar to previous months as I managed to put around $1,700 into the market, still predominantly focusing on Business Development Companies. I have been doing that for many-many years now and while I don't have the means to meaningfully increase that contribution, I am super happy about the level I am able to invest. That steady and consistent process gradually builds up a big portfolio I am really proud of. It has been a fascinating journey so far and the only regret I have is not having started earlier. That said, opportunities become fewer and fewer as BDCs continue to rally now that the market also realizes that there won't be any interest rate cuts anytime soon with inflation remaining sticky, although it has come down a bit....

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