Tuesday, July 2, 2024

June 2024 Dividend Income

As I'm writing this blog post, it is currently Thursday, June 27. The high temperature is going to reach 74 degrees Fahrenheit here in Central Wisconsin today. That is especially perfect weather for the summertime.

With that aside, I will be taking a moment to briefly discuss my net dividend income for June 2024.

Dividend Income Surpassed $500 For The Month

In June 2024, I received $520.75 in net dividends (accounting for ADR fees on BP dividend and withholdings on BAM dividends). Compared to the $476.12 in net dividends that I collected in March 2024, this equates to a 9.4% quarterly growth rate.

Against the $421.41 in net dividend that I received in June 2023, that works out to a 23.6% year-over-year growth rate.

My net dividends collected within my Charles Schwab portfolio were $367.36 from 47 companies. The sales of Digital Realty Trust (DLR) and International Business Machines (IBM) in May were mostly offset by numerous dividend increases in previous months.

I received $86.53 in net dividends from my Capital Income Builder (CAIBX) mutual fund within my former employer-sponsored retirement account. A higher share count from dividend reinvestment resulted in a slightly higher dividend payment.

My net dividends collected in my IRA were $49.18 from seven companies. That was thanks to the dividend stock purchases that I made within the portfolio in March, April, and May.

I received $17.19 in net dividends from six companies in my Webull account. This was incrementally lifted due to an 11.7% dividend hike from UnitedHealth Group (UNH).

Finally, I collected $0.49 in net dividends from 21 companies in my M1 Finance portfolio. 3M's (MMM) dividend cut and the timing of United Parcel Service's (UPS) dividend payment were the notable events here.

Concluding Thoughts:

Overall, I'm pleased with the progress that the portfolio has made in recent months. At the current pace, I anticipate I could pass $600 in net dividends in December (including special dividends from CAIBX). As I've noted in recent months, the psychological effect of compounding working in my favor is beginning to take hold. It's an especially momentous occasion for which I am very grateful!


How was your dividend income for June 2024?

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

Thanks for your readership and I look forward to your comments below!

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