Tuesday, November 30, 2021

November 2021 Dividend Income

As I'm writing this blog post, the American holiday known as Thanksgiving has come and gone. We're due for relatively warm temperatures here in Central Wisconsin over the next week with high temperatures reaching into the mid 40s Fahrenheit, which will be happily received by yours truly.

With that aside, let's take a look at my dividend income for the month of November 2021 and how it stacked up to August 2021 and November 2020!




Analysis:

During November 2021, I received $143.66 in net dividends. This works out to an 8.3% quarterly growth rate against the $132.66 in net dividends that my portfolio generated in August 2021

The amount of dividends that I collected in November 2021 also represents a 66.8% year over year growth rate compared to November 2020, when I received $86.15 in net dividends. 

A closer look at my dividend income reveals that I collected $131.76 in net dividends from 22 companies in my Robinhood account, $11.53 in net dividends from three companies in my Webull portfolio, and $0.37 from 16 companies in my M1 Finance account.

The net dividends that I received from my overall portfolio from August 2021 to November 2021 was $11.00 higher due to the following activity in my stocks:

I collected an extra $1.08 in net dividends from Williams Sonoma (WSM) within my Robinhood account, which was the result of the stock's previous 20.3% dividend increase that was announced in August.

My net dividends received from British American Tobacco (BTI) were $0.24 lower across the shares that I own in my Robinhood and Webull portfolios, which was due to fluctuations in the currency exchange rate between the U.S. Dollar and British Pound.

I collected an additional $0.01 from Realty Income (O) within my Robinhood account, which was the result of the stock's 0.2% increase in its monthly dividend in September

My net dividends received from National Retail Properties (NNN) in my Robinhood portfolio were $0.53 higher, which was due to my purchase of an additional share of the stock in August.

I collected an extra $0.08 from Main Street Capital (MAIN) within my Robinhood account, which was the result of the stock's 2.4% increase in its monthly dividend in August.

My net dividends received from Tanger Factory Outlet Centers (SKT) increased by $0.06 in my Robinhood portfolio, which was due to a 2.8% increase in its quarterly dividend that I recorded in my spreadsheet but appear to have forgot to add to my dividend increases post.

I collected an additional $0.90 from Enterprise Products Partners (EPD) within my Robinhood and Webull accounts, which was the result of my decision to purchase a couple of units of the stock in October.

My net dividends received from Magellan Midstream Partners (MMP) were boosted by $2.16 in my Robinhood portfolio, which was due to both a 1% increase in the quarterly distribution and my choice to add two more units in October.

I collected an extra $1.30 from JPMorgan Chase (JPM) within my Robinhood account, which was the result of my purchase of another share of the stock and the 11.1% increase in the quarterly dividend that was declared a few months back.

My net dividends received from Bristol Myers Squibb (BMY) were $4.90 higher in my Robinhood portfolio, which was due to a first-time dividend payment from the stock since I opened a position in September.

I collected an additional $0.22 from Verizon (VZ) within my Robinhood account, which was the result of the 2% increase in the quarterly dividend announced in September.

Concluding Thoughts:

My net dividends continue to steadily climb higher with each passing quarter. Given that I expect to continue investing around $2,000 a month going forward and I'm anticipating a variety of dividend increases next month, I believe this will be my last middle of the quarter month under $150 in net dividends.

I'm pleased with the direction of the portfolio and I am looking forward to seeing how high I can get those net dividends next November!

Discussion:

How was your November 2021 for dividend income?

Did you receive any first-time dividends during the month as I did with BMY?

Thanks for reading and I look forward to your comments in the section below!

4 comments:

  1. I thought you 8+% growth from the previous quarter was impressive until I read on and saw your massive YoY number! Amazing progress and keep you foot on that gas pedal.

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  2. SD Growth,

    Thanks for the encouraging comment. Selective dividend reinvestment and raises are really starting to have an impact!

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  3. Kody,

    That's some great YoY growth! November was a solid month for us as we cracked $400 in dividends for our taxable accounts and over $700 including everything. Keep it up and love seeing that you're still able to put over $2k to work each month. Maintain that for another few years and you'll be amazed to see how things have grown.

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  4. Thanks for stopping by and commenting. Congrats on surpassing $700 in dividend income last month. Keep up the great work!

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