Portfolio Overview: June 2024
The month of June marks a significant turning point for my dividend portfolio, with several strategic transactions and continued growth in passive income. My total portfolio value now includes substantial cash reserves following the complete liquidation of MOT and MXT positions, providing ample capital for redeployment into dividend-generating assets in the coming weeks.
Portfolio Development & Strategic Transactions
The portfolio continues to develop favorably, with dividend income accelerating to meaningful levels. Several key transactions were executed in June:
- Added 1,476 shares of Gryphon Capital Income Trust (GCI)
- Added 615 shares of Qualitas Real Estate Income Fund (QRI)
- Completely divested all holdings in Metrics Income Opportunities Trust (MOT) and Metrics Master Income Trust (MXT)
- Realized capital gain: $2,893
- Released capital for reallocation: $117,714
This substantial cash position presents an exciting opportunity to further enhance the portfolio’s income-generating capacity through strategic redeployment into high-yielding assets.
Current Portfolio Composition
| Company | Quantity | Cost | Market Value | Gain/Loss % | Yield |
|---|---|---|---|---|---|
| CROMWELL PROPERTY | 6409 | 3,021 | 2,499 | -17.27% | 7.9% |
| GCI | 5878 | 11,973 | 11,873 | -0.83% | 8.27% |
| KKC | 4774 | 10,976 | 11,219 | 2.21% | 8.52% |
| PLATO | 54192 | 59,990 | 65,030 | 8.4% | 5.45% |
| QRI | 45908 | 46,908 | 47,927 | 0.33% | 8.2% |
| 132,868 | 138,548 | 3.61% |
June 2024 Dividend Income
The portfolio generated $1,539.23 in dividend income during June, broken down as follows:
- Gryphon Capital Income Trust (GCI): $87.58
- KKC: $79.72
- Metrics Income Opportunities Trust (MOT): $517.98
- Metrics Master Income Trust (MXT): $91.45
- PLATO (PL8): $425.80
- Qualitas Real Estate Income Fund (QRI): $336.70
With this month’s contributions, the year-to-date dividend income has reached $6,404 for 2024, keeping the portfolio firmly on track toward its annual income targets.
Portfolio Analysis & Future Outlook
The current portfolio shows a modest overall capital appreciation of 3.61%, though performance varies significantly among individual holdings. While Cromwell Property shows a concerning 17.27% capital loss, this is balanced by Plato’s impressive 8.4% capital appreciation.
More importantly, the dividend yields across the portfolio remain exceptionally strong, ranging from 5.45% to 8.52%. These high yields are the cornerstone of the portfolio’s passive income strategy, providing consistent cash flow regardless of short-term market fluctuations.
The substantial cash position ($117,714) from the MOT and MXT liquidation presents a prime opportunity for strategic reinvestment. In the current market environment, I anticipate deploying this capital into:
- Additional shares of existing high-performing positions
- New dividend-focused investments to enhance diversification
- Potentially, select bond ETFs to balance equity exposure
Risk Management Considerations
While the high yields are attractive, it’s important to acknowledge potential risks:
- Interest rate sensitivity among these income-focused securities
- Sector concentration risk, particularly in real estate-adjacent investments
- Liquidity considerations for some of the smaller trust investments
To mitigate these risks, future allocations will likely include more diverse income sources across different sectors and asset classes.
Wrapping UP
The June portfolio update reflects continued progress toward building sustainable passive income. With over $6,400 in dividends received year-to-date and substantial capital ready for deployment, the portfolio is gaining meaningful momentum.
I hope sharing these updates provides inspiration or at least curiosity for readers considering their own passive income strategies. Whether you’re planning for early retirement or simply seeking greater financial independence, dividend investing offers a proven path to building wealth and generating income with minimal ongoing effort.
Happy investing!
Note: This update represents my personal investment approach and should not be considered financial advice. Always conduct your own research or consult with a financial professional before making investment decisions.