Tuesday, December 10, 2019

November 2019 Dividend Income

It's official! By the time this post is published, we will have entered the last month of 2019. It's time for each of us to start setting our goals for the next year. At the same time, we can't lose out on the month that we still have left in this year. We all need to stick to our game plans of deploying capital in wonderful companies at fair valuations and making every dollar count as the Dividend Diplomats put it.

Without further ado, I present my dividend income for the month of November 2019.




Analysis:

During the month of November, I collected $63.68 in total dividends. This equates to a 30.1% quarterly growth rate compared to the $48.93 in dividends that I collected in August 2019. Even more impressive is the fact that I was able to post a 53.7% YOY growth rate compared to the $41.42 of dividends that I collected in November 2018.

Breaking it down further, I collected $48.83 in dividends from my Robinhood account, $14.51 from my Webull account, and $0.34 from the 15 companies in my M1 Finance account that paid dividends during the month of November.

The $14.75 increase in dividend/distribution income from August to November 2019 was driven by activity such as dividend increases and dividend stock purchases, which are as follows:

The $0.61 in distributions received from 2 units of Energy Transfer (ET) in the Webull account are a new addition since August 2019's dividend income update. Moving to the Robinhood account, I was able to add 6 units of ET between the payment of the distribution in August and the ex-distribution date. This increased distribution income by $1.83 in my Robinhood account.

I also benefited from a $6.52 increase (net of the $0.005/share ADR fee) in my dividend income in the Webull account through the purchase of 10 shares of British American Tobacco (BTI) that I made in September.

In addition, I received a raise from Enterprise Products Partners (EPD) and benefited from the purchase of an additional unit of EPD within the Webull account since the payment of the last distribution. This accounted for a $0.46 increase in distributions. Focusing next on the Robinhood account, the distribution increase accounted for a $0.03 boost in my distribution income.

Building upon the theme of receiving dividends from new positions, I received my first dividend from The GEO Group (GEO) since I initiated my position in both my Webull and Robinhood accounts. This increased dividend income in my Webull and Robinhood accounts by $3.84 and $1.44, respectively.

I also received an additional $0.02 from Magellan Midstream Partners (MMP) as a result of its 70th consecutive increase to its quarterly distribution, which was announced in October.

Concluding Thoughts:

November marked the second strongest month of the year to date in terms of dividend income (slightly trailing September 2019's $70.00 in dividend income), and it is sure to finish this year as my third strongest month of the year once December is in the books (I'm anticipating December will be around the $100 mark), which I couldn't be happier about!

As the next few months draw to a close, I have a feeling the annual dividend income will surpass the $1,000 mark. The most exciting part about that milestone isn't even the milestone itself, but the prospect of finally being able to let loose and hopefully deploy $2,000+/month in capital to purchase ownership in wonderful businesses! At that rate, it won't take long for the next $1,000 to accumulate!

Discussion:

Were you fortunate enough to receive dividends from any relatively new positions in your portfolio (as I was with GEO and BTI)? How did November stack up for you in terms of dividend income compared to previous months this year?

As always, thanks for stopping by and reading my progress. I look forward to any comments that you may leave in the comment section below cheering me on and/or discussing your progress in the exciting DGI journey that we're on!

No comments:

Post a Comment