Tuesday, November 9, 2021

October 2021 Dividend Income

As I'm writing this blog post, it's Daylight Savings Time here in Wisconsin. That means it will be dark around 5PM and the first snowfall can't be too far off. 

With that aside, I'll delve into the intent of this post. Without further ado, here is my dividend income for October 2021.




Analysis:

During October 2021, I collected $110.57 in net dividends. This works out to a 2.1% quarterly growth rate compared to the $108.30 in net dividends that I received in July 2021. Factoring out the $12.00 in special dividends that I received from T. Rowe Price Group (TROW) in July, my quarterly growth rate would be even higher at 14.8%. And my year-over-year growth rate comes out at 46.1% against the $75.70 in net dividends that I collected in October 2020.

Going into more detail, I received $100.25 in net dividends within my Robinhood portfolio from 20 companies. I collected net dividends of $10.09 from 5 companies in my Webull account. Finally, I received $0.23 in net dividends within my Webull portfolio from 10 companies.

The following activity within my taxable accounts is what led to the $2.27 increase in net dividends from July 2021 to October 2021:

I collected $0.48 in additional dividends from STORE Capital (STOR) across my Robinhood and Webull accounts, which was the result of its recent 6.9% increase in its quarterly dividend.

My net dividends received from Philip Morris International (PM) between my Robinhood and Webull portfolios were $0.65 higher, which was due to its 4.2% dividend increase.

I collected an extra $1.58 in net dividends from Altria Group (MO) across my Robinhood and Webull accounts, which was driven by both my recent addition of a share to my Robinhood portfolio and the 4.7% dividend increase in August.

My net dividends received from Realty Income (O) within my Robinhood portfolio were $0.01 higher due to the stock's recent 0.2% increase in its monthly dividend.

I collected an additional $0.01 in net dividends from W.P. Carey (WPC) in my Robinhood account, which was also due to a recent 0.2% increase in its quarterly dividend.

My net dividends within my Robinhood portfolio from Main Street Capital (MAIN) were $0.08 higher, which was the result of a recent 2.4% increase in its monthly dividend.

I collected an extra $0.12 in net dividends from American Tower (AMT) in my Robinhood account, which was due to a 3.1% increase in the quarterly dividend.

My net dividends within my Robinhood portfolio were boosted by $3.15 from my first dividend received from Medtronic (MDT) in this account, which dates back to when I started a position in the stock in August.

I received $0.08 less in net dividends from GlaxoSmithKline (GSK) in my Robinhood account, which is due to the varying payouts throughout each quarter of the year.

My net dividends within my Robinhood portfolio were boosted by $4.55 due to my first dividend payment from Merck (MRK), which I opened a position in back in August.

I received a $7.56 boost in net dividends from first-time dividend payer VICI Properties (VICI) in my Robinhood account, which was due to my decision to start a position in the stock in September.

My net dividends within my Robinhood portfolio were boosted $4.56 by my first dividend payment received from Kimberly Clark (KMB), which is because I purchased shares of the stock in July.

As I noted earlier, my net dividends were $12.00 lower this month compared to July 2021 due to the special dividend that was paid by TROW in my Robinhood account in July and not paid again in October.

My net dividends received from Simon Property Group (SPG) within my Robinhood portfolio were also $8.40 less in October due to SPG's dividend being paid at the end of September.

Concluding Thoughts:

My net dividends are steadily heading higher, which is an encouraging sign of progress for my portfolio. With more dividend increases down the line and capital to be deployed/reinvested into dividend stocks, I expect that the next four years of the portfolio's progress will more closely resemble a deluge of dividends than a steady stream. This is especially the case now that I'm generating higher net income from my Motley Fool and Seeking Alpha gigs than I was from my day job. 

Discussion:

How was your October 2021 for dividend income?

Did you receive any first-time dividends as I did with MDT, MRK, VICI, and KMB?

As always, I thank you for your readership and welcome your comments below!

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