Tuesday, March 2, 2021

February 2021 Dividend Income

 As I'm writing this blog post, February is already just a day away from being over! This also means that the winter season is just weeks away from finally ending here in Central Wisconsin. This is already reflected in the fact that we reached 50 degrees Fahrenheit for the first time in several months!

Another implication of February ending tomorrow is that it is once again time for me to discuss the dividend income that my portfolio provided to me in February 2021, so buckle up for another edition of the dividend income report series!





Analysis:

During the month of February, I received $98.44 in net dividends against the $86.15 in net dividends that were collected in November 2020, which represents a 14.3% quarterly growth rate.

In a rare turn of events, my 13.6% YoY growth rate from the $86.62 in dividends that I received in February 2020 is less than my quarterly growth rate. This is because of the numerous dividend cuts from companies that paid dividends during the month over the past number of months, including Simon Property Group (SPG), The GEO Group (GEO), and Energy Transfer (ET).

Breaking my net dividends received down further by account, I collected $84.65 in net dividends from 18 companies in my Robinhood account, $13.49 in net dividends from 4 companies in my Webull account, and $0.30 from 13 companies in my M1 Finance account.

My net dividends received from November 2020 to February 2021 increased by $12.29 as a result of the following activity within my portfolio:

I received an additional $0.36 in net dividends across my Robinhood and Webull accounts from British American Tobacco (BTI).

My net dividends received from AbbVie (ABBV) surged by $0.72 within my Robinhood account due to ABBV's recent dividend hike.

I received an extra $5.72 in net dividends in my Robinhood account due to my recent purchase of National Retail Properties' shares (NNN).

My net dividends received from Realty Income (O) also increased by $0.47 in my Robinhood account as a result of my recent purchase of an additional 2 shares of the stock and O's recent dividend increase.

I received an additional $1.95 in dividends from Tanger Factory Outlet Centers (SKT) in my Robinhood account as a result of the stock's recent reinstatement of its quarterly dividend at about half of its rate prior to the suspension of its quarterly dividend.

My net dividends received from Enterprise Products Partners (EPD) increased $0.16 across my Robinhood and Webull accounts due to EPD's recent distribution increase.

I also received $4.00 in net dividends from GEO due to the timing of its dividend payment across my Robinhood and Webull accounts.

My net dividends received from CVS Health (CVS) within my Robinhood account increased by $1.50, which is the result of my recent addition of shares of CVS.

I also received an additional $0.52 in net dividends from AT&T (T) as a result of my recent purchase of an additional share of the stock.

My net dividends were $0.04 less from my M1 Finance account due to the timing of Starbucks' (SBUX) and Fastenal's (FAST) dividend payments.

Finally, my Robinhood margin expenses increased $3.07 from November 2020 to February 2021 due to my purchasing activity in December 2020, which resulted in additional margin being utilized.

Concluding Thoughts:

My net dividends collected advanced nicely from November 2020 to February 2021, which is the result of dividend increases/SKT's dividend reinstatement, as well as my deployment of additional capital each month.

Since I'm very close to reaching the $100 mark for the middle month of each quarter and I have made recent purchases that will boost my dividend income in the next quarter (i.e. ABBV, VZ, and BTI), I am confident that my next income report in May 2021 will record over $110 in net dividends during the month.

Discussion:

How was your dividend income in February?

Did you receive any first time dividends or reinstated dividends in February as I did with NNN and SKT?

As always, I appreciate your readership and look forward to your comments in the comment section below!

4 comments:

  1. Hey Kody, impressive quarterly growth rate! That is a rare turn of events that your quarterly growth outpaced your yearly growth. Hopefully less cuts happen this year. Keep it up!

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  2. Graham,

    Thanks for stopping by and the encouragement over the years!

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  3. Sounds like $100+ months will be the norm for you moving forward, Kody. Congrats!
    Good to hear that some of your dividends are being reinstated, too. It will be even better when your portfolio is firing on all its cylinders.

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  4. ED,

    Thanks for the support! The portfolio is really starting to generate meaningful income, so I'm looking forward to the next few years to see how far those dividends can be boosted with diligent capital deployment.

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