Tuesday, November 10, 2020

October 2020 Dividend Income

 As I'm writing this blog post, I'm about halfway into my 6 day break from work (due to recently taking 4 vacation days) and I couldn't have received any better weather during my vacation. Needless to say, we haven't been fortunate enough to experience warm, sunny days in November in years (it's been 60 to 70 degrees every day this past week).

With that aside, I will be getting into the intent of this post, which is to detail the dividends that I received during the month of October 2020.






Analysis:

During the month of October 2020, I received $75.72 in net dividends.

Against the $73.79 in dividends collected in July 2020, this represents 2.6% quarterly growth.

More impressive, is the fact that this represents 80.7% YoY growth compared to the $41.91 in dividends received in October 2019.

More specifically, I received $62.98 in net dividends from 16 companies within my Robinhood portfolio. Additionally, I received $12.50 from 6 companies within my Webull portfolio. Lastly, I received $0.24 in dividends from 11 companies within my M1 Finance portfolio.

The $1.93 increase in my net dividend income from July 2020 to October 2020 was as a result of the following activity within my taxable portfolios:

My net dividends received from GEO Group (GEO) declined by $2.24 across my Webull and Robinhood accounts due to the stock's recent dividend cut.

Conversely, my net dividends received from W.P. Carey (WPC) increased by $0.01 in my Robinhood account as a result of the stock's recent dividend increase.

My net dividends received from Realty Income (O) also increased by $0.01 within my Robinhood account due to the stock's recent dividend increase.

My net dividends received from STORE Capital (STOR) were boosted by $0.17 due to its recent dividend increase across my Webull and Robinhood accounts.

My net dividends received from Philip Morris International (PM) increased by $0.27 within my Webull and Robinhood accounts as a result of the stock's recent dividend increase.

My net dividends received from Altria Group (MO) were boosted by $0.34 due to the stock's recent dividend increase in my Webull and Robinhood accounts.

My net dividends received from GlaxoSmithKline (GSK) increased by $0.13 as a result of the stock's previous dividend announcement.

Finally, my net dividends increased $3.24 as a result of my reduction in Robinhood margin used.

Concluding Thoughts:

While my net dividends received changed very little from July 2020 to October 2020, it's encouraging that they managed to increase given that I sustained a significant dividend cut from GEO that was first reflected in this income report.

Fortunately, I will be resuming my previous capital deployment schedule of ~$1,500/month beginning this month, so my dividend income should begin to make significant progress once again.

I am anticipating that my net dividends received in January 2021 will represent at least 10-15% growth over October 2020 as a result of my capital deployment in the weeks ahead.

Discussion: 

How was your October in terms of dividend income?

Were any recent dividend cuts that you endured reflected in your October 2020 dividend income as was the case with GEO for me?

Thanks for reading and I look forward to replying to any comments that you leave in the comment section below!

2 comments:

  1. Awesome that you are enjoying your break, Kody. That's a plus about the great weather.

    As for your dividend income, congratulations on the 80% YoY growth. $75 is a nice haul of dividends! We both received dividends from MO. Looking forward to seeing how you finish the year. Keep it up!

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  2. Thanks for the comment and your support over the years! It will be interesting to see where I end the year going into next year, especially now that I'm deploying my usual amount of capital again.

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