Can you even believe it? The fourth quarter of 2019 is well under way, with one month under our belt and only two remaining!
That means we'll be examining what my dividend portfolio was able to produce in dividends during the month of October.
Overall, I collected $41.91 in dividends during the month of October.
This represents a 23.8% quarterly growth rate compared to July 2019's $33.84 in dividend income, and a 96.6% YOY growth rate compared to October 2018's $21.32 in dividend income.
Breaking this during further, $35.63 originated from 12 companies in my Robinhood account, 2 in my Webull portfolio totaling $6.03, and $0.25 from 13 companies in my M1 finance that paid dividends during the month.
There were a variety of developments that accounted for the $8.07 increase in dividend income from July to October.
I received a $0.12 increase in my dividend income as a result of Philip Morris' (PM) dividend increase announced in September.
I also received an additional $3.51 in dividend income as a result of my purchase of 3 shares of PM before the ex-dividend date in my Webull account.
In addition, I received $2.52 in additional dividends from Altria Group (MO) because of my purchase of 3 shares of MO before the ex-dividend date in my Webull account.
I also benefited from a $0.28 increase in dividends as a result of MO's dividend increase announced in August, as well as an additional $1.68 in dividend income from my purchase of 2 MO shares in my Robinhood account following its dividend increase.
WP Carey (WPC) increased its quarterly dividend and with that increase, my dividend income was boosted $0.01 following WPC's dividend increase in September.
GlaxoSmithKline (GSK) paid $0.05 less in dividends compared to July 2019 because of its varying dividend rate.
October was yet another month of significant progress for the portfolio, and there's a chance that this will be the portfolio's final month of dividend income coming in under $50.
We're so fortunate to be living in a time of low/no cost trading commissions.
At the time of writing, the portfolio now consists of 65 stocks and my mutual fund holding, CAIBX. I'm receiving 272 dividend payments each year as a result of the portfolio's diversification.
Not many years ago, this level of diversification for a portfolio worth less than $20k wouldn't have been economically feasible.
Heck, I'm not even sure if a $100k portfolio in that many names would have been possible a decade ago due to the fees of building out such a diversified portfolio.
How was your October for dividend income? Did you have any new dividend payers during the month?
As always, thanks for reading and I look forward to any comments that you may leave in the comment section below.
Looks like a solid October for you. That 24% quarterly growth rate is fantastic and the near 100% growth year over year is even better. We had a solid October, but nothing too exciting. Keep it up!ReplyDelete
Thanks for commenting. I'm excited to see where we'll all be this time next year!
Congrats on the solid month, Kody! $41.91 is a nice haul of dividends, and nearly 24% YoY growth is impressive. I am also holding a few shares of MO. I'm planning to buy more as well. I'm looking forward to seeing how the year closes for you. Keep up the great work.ReplyDelete
Thanks for commenting. MO certainly remains a solid deal. I'm very excited to see how the rest of the year plays out, and if I'll exceed $100 in dividend income in December.