Tuesday, November 24, 2020
Tuesday, November 17, 2020
Tuesday, November 10, 2020
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.
During the month of October 2020, I received $75.70 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 80.6% 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 $0.22 in dividends from 10 companies within my M1 Finance portfolio.
The $1.91 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.
The dividends within my M1 Finance portfolio were $0.02 lower as a result of the timing of JP Morgan's (JPM) dividend payment.
Finally, my net dividends increased $3.24 as a result of my reduction in Robinhood margin used.
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.
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!
Tuesday, November 3, 2020
Readers will have to forgive me for sounding like a broken record over the past number of months, but we're already in November as I'm writing this blog post!
This year continues to fly by and as a result, I am in crunch time as far as trying to achieve my personal and financial goals for the year.
Without further ado, I'll get into the crux of this post, which is to discuss my capital deployment during the month of October 2020. As a spoiler alert, there was a significant improvement in capital deployment during October 2020 as compared to September 2020.
Beginning with the activity in my retirement account, I deployed $378.00 in capital between my 7% contribution and my employer's 3% contribution.
Net of the $17.00 in sales charges, I set aside $361.00 in capital to build my Capital Income Builder (CAIBX) position, which boosted my share count from 130.445 starting October to 136.677 at the end of the month.
Factoring in $2.14 in annualized dividends/share, this boosted my net annual forward dividends by $13.34.
The additional net annual forward dividends as a result of my capital deployment during the month works out to a 3.70% net yield.
Transitioning to my Robinhood account, I lowered my margin used from $1,619.88 heading into October to just under $1,000 at the end of October.
Since margin used after the first $1,000 accrues 5% annualized interest charges, this $619.88 reduction in my margin as a result of $561.45 in capital contributions and $62.98 in net dividends resulted in a $30.99 increase in my net annual forward dividends.
Overall, October was a great month in terms of capital deployment for me as I deployed $980.88 (my strongest month of capital deployment since I deployed nearly $3,000 in May 2020) during the month in the form of retirement contributions and deleveraging my Robinhood margin to just below $1,000.
This activity within my portfolio added $44.33 in net annual forward dividends to the portfolio, which equates to an average weighted yield of 4.52%.
Unfortunately, my net annual forward dividends fell $32.34 as a result of dividend announcements during October 2020 (i.e. Energy Transfer's distribution cut, as well as dividend increases from AbbVie and Visa), which led to my net annual forward dividends plunging from their all-time high of $1,281.99 set earlier in the month.
However, I was fortunate enough to end October 2020 with my highest end of month net annual forward dividend total of $1,254.52.
Given that I have now paid off virtually all of my personal debt going into November (aside from a few hundred dollars in credit card debt that I still have about 3 months to pay off without incurring interest charges and the $1,000 of interest free Robinhood margin), I anticipate that I will be able to deploy $1,500-$1,600 of capital in November.
How was your October in terms of capital deployment?
Did you initiate any new positions in dividend stocks during the month?
As always, I appreciate your readership and look forward to reading your comments in the comment section below!