The beginning of the month is my favorite time. It's a time to look ahead at increasing your dividends, and a time to reflect on the previous month. Another month has gone by, which means it's time to examine what the dividend portfolio provided for me in dividends for the month of September.
Overall, I collected $44.26 in dividends for the month of September from 13 different companies and 1 mutual fund. $31.73 of the dividends originated from the 13 companies in my Robinhood account that paid dividends this month and $0.04 came from my recently opened M1 Finance brokerage account. The remaining $12.49 came from CAIBX in my Simple IRA through my employer.
When examining my dividends, I noticed that I received two dividend increases that accounted for the $0.22 increase in Robinhood account dividend income from June to September. BP announced a 3.4% raise from a quarterly dividend of $0.595 to $0.615 at the end of July that increased the quarterly income I collected from my 4 shares by $0.08. Also, JM Smucker announced a near 9% raise from a quarterly dividend of $0.78 to $0.85 that increased my quarterly dividend income by $0.14.
Of course, the real growth in my dividend income came in my Simple IRA account as CAIBX paid dividends of $7.13 in June compared to the $12.49 it paid me in September. This came as a result of my continued contributions to my retirement account over the past few months.
Overall, my dividend income increased from $38.64 in June to $44.26 in September. This is a quarter over quarter (QOQ) growth rate of 14.5%. I consider this to be satisfactory given that I didn't initiate any new positions or add to positions in my Robinhood account that paid me in September. Of the $5.62 increase in dividend income from June to September, $0.22 or 3.9% of it was derived from dividend increases, $0.04 or 0.7% of it came from the newly opened M1 Finance account, and the remaining 95.4% came from continued contributions into my retirement account.
How was your September? Did you set a personal best in September? Did you have any new dividend payers for the month?