Tuesday, August 10, 2021

July 2021 Dividend Income

The financial markets worked their way to fresh all-time highs late last week after a jobs report that handily beat expectations, sending the unemployment rate tumbling to 5.4%. Impressive earnings beats from most companies that reported earnings also helped the markets to advance.

My net dividend income in July 2021 also hit a record, which really drives home the point that dividend growth investing is a strategy that can work just about no matter what the financial markets are doing.




Analysis:

During July 2021, I received $108.30 in net dividends.

This represents a 21.6% quarterly growth rate against the $89.03 in net dividends collected in April 2021. Even factoring out the $12.00 in special dividends received from T. Rowe Price Group (TROW) during the month, my quarterly growth rate was still a healthy 8.2%.

Moreover, this represents a 46.8% year-over-year growth rate compared to the $73.79 in net dividends collected in July 2020. Backing out the special dividends from TROW, this still works out to a 30.5% year-over-year growth rate.

Delving into more detail, I received $98.28 in net dividends within my Robinhood portfolio from 18 companies, $9.79 from 5 companies in my Webull portfolio, and $0.23 from 10 companies in my M1 Finance portfolio.

The following activity within my taxable accounts is what led to the $19.27 increase in net dividends from April 2021 to July 2021:

I collected an extra $0.60 in dividends from Simon Property Group (SPG) during July in my Robinhood account, which was due to the company's recent dividend increase.

My net dividends received from from Leggett & Platt (LEG) increased $0.16 within my Robinhood account, which was the result of the company's dividend increase earlier this year.

I collected an extra $0.01 in my Robinhood account from W.P. Carey (WPC) due to the company's dividend increase in June.

My net dividends received from Realty Income (O) were $0.94 higher within my Robinhood account, which was the result of both a dividend increase in June and my recent purchase of an additional 4 shares of stock.

I collected an additional $0.36 from STORE Capital (STOR) in my Robinhood account, which was due to my decision to add a share of the stock recently.

My net dividends received from Philip Morris International (PM) increased $2.40 within my Robinhood account, which was the result of picking up a couple more shares of the stock in recent months.

I collected my first dividend from American Tower (AMT) in my Robinhood account since I initiated a position in the stock back in April, which helped my net dividends to increase by $3.81.

My net dividends received from GlaxoSmithKline (GSK) within my Robinhood account were $0.99 lower due to the fact that the third quarter dividend is historically lower than the second quarter dividend.

As I alluded to earlier, I collected an additional $12.00 from TROW in my Robinhood account due to the payment of its $3.00/share special dividend in July.

Finally, my net dividends received within my M1 Finance account were $0.02 lower, which was the result of JPMorgan Chase's (JPM) dividend payment timing.

Concluding Thoughts:

Several dividend increases and recent capital deployment helped me to surpass the triple-digit mark in the first month of a quarter for the first time ever! Better yet -- I anticipate that new capital deployment and more dividend increases in the near future will allow me to regularly pass the $100 threshold, even without TROW's special dividend boost going forward.

Discussion:

How was your July 2021 in terms of dividend income?

Did you receive any first time dividends during the month as I did with AMT? How about TROW's amazing special dividend?

I appreciate your readership and welcome your comments in the comment section below!

2 comments:

  1. Great to see you continuing to make good progress Kody! How'd the first month of freelancing go? July was a solid month of dividends for us as we came up just shy of $800 across all our accounts. Still a lot of work to do but we're moving in the right direction.

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  2. Thanks for the support and congrats on coming up just short of $800 in dividend income during July!

    Things have went well over the past 5 weeks. My pay has been moderately higher to date, which I'm pleased with considering I actually work a bit less as well.

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