Overall, I collected $21.32 in income from the holdings in my Robinhood account and M1 Finance account. Of the $21.32 in income, $21.13 originated from 8 companies in my Robinhood account with the remaining $0.19 in dividends coming from 10 companies (as PEP and D paid dividends in September) in my M1 Finance account.
The $21.32 in dividend income that I collected in October represents a 26.7% QOQ increase from the $16.83 that I collected in July. $3.47 of the additional $4.49 in dividend income that I received originated from my first dividend from GlaxoSmithKline (GSK) since buying back in June, just days after the ex-dividend date. Furthermore, I received an additional $0.41 from PPL due to an extra share that I added shortly after the last dividend from them. A dividend increase from WP Carey (WPC) accounted for an additional $0.02 in income, while a dividend increase from Altria Group (MO) accounted for another $0.40 in additional income. The remaining $0.19 in dividends came from my M1 Finance account that I established in early September of this year.
Although the trend of the first month of the quarter being my slowest continues, my dividends have grown nearly 577% from the $3.15 collected in October 2017! I'm expecting another quarter of somewhere around 25% growth in my dividend income in January 2019 as I recently initiated a position in Iron Mountain Inc (IRM) and will continue to add to it if the price stays in the low to mid $30s.
How much did you receive in October? Did you have any newcomers to your dividend payers like I did? What was your YOY dividend growth?