Tuesday, March 3, 2020

February 2020 Dividend Income

As I'm writing this blog post, the Bucks are recently off of their 93-85 victory over the Charlotte Hornets and have improved their record to an impressive 52-8 through the first three quarters of the NBA regular season.

Milwaukee will be tasked at defeating a talented and well coached Miami Heat squad on the road tonight, which will be yet another good test for the team.

Aside from the regularly scheduled Bucks programming that have taken over my blog posts as of late, the primary purpose of this post is to detail my dividend income for the month of February 2020.

Without further ado, I present my dividend income as illustrated in the screenshots below:


During the month of February, I collected $86.62 in dividends. This equates to a 36.0% quarterly growth rate compared to the $63.68 in dividends received in November 2019 and an astounding 100.8% YOY growth rate compared to the $43.14 in dividends collected during February 2019!

Breaking things down a bit further, I collected $71.13 in dividends from 15 companies in my Robinhood account that paid during February, $15.14 in dividends from 4 companies that paid during February in the Webull account (net of the $0.05 ADR fee for British American Tobacco or BTI), and $0.35 in dividends from the 15 companies in my M1 Finance account that paid dividends during the month.

The $22.93 increase in dividends collected from November 2019 to February 2020 was as a result of the following activity:

I received my first dividend payment from Simon Property Group (SPG) since I initiated a position in the company in January 2020, which boosted my dividend income for the month by $6.30.

I also purchased an additional share of The GEO Group (GEO) in my Robinhood account, which added $0.48 to dividend income.

What's more, I received an additional $5.19 in distributions from Energy Transfer (ET) as a result of purchases made over the past couple of months.

In addition, I received an extra $4.13 in distributions from Magellan Midstream Partners (MMP) due to a combination of the distribution increase received in January 2020 and my purchase of additional units in November 2019.

As a result of AbbVie's (ABBV) dividend increase, my dividends were boosted by $0.55 during the month of February.

Another dividend increase that I recently received that added to my dividend income for the month was Realty Income's (O) increase in January, which added $0.02 to my dividend income.

Enterprise Products Partners' (EPD) distribution increase in January, along with my recent purchases of units increased my dividends from this stake by $4.05 in the month of February.

Another stock purchase in January 2020 that padded my dividend income during the month was that of General Dynamics (GD), which was an extra $2.04.

AT&T's (T) dividend increase in December 2019 also added $0.17 to my dividend income received in February 2020.

Concluding Thoughts:

February marked the strongest middle month of the quarter that I have ever had and it is entirely possible that May could bring my first $100 month for the middle month of a quarter!

I'm very much looking forward to the months that lie ahead for the portfolio and 2020 in general as it will be my first year that I am set to easily surpass at least $10,000 in fresh capital deployed into investments.


Did you have any new dividend payers in February as I did in SPG and GD? How was your month in terms of dividend income received?

As always, I appreciate your readership and welcome any comments that you are free to leave in the comment section below!


  1. Kody - FAntastic month. Talk about some awesome, awesome progress right there. Keep pushing and you'll easily crush $100 in May. I'm thinking at least $125 :)


  2. Bert,

    Thanks for the comment. I think I'll be able to reach $100 in net dividends for May, but $125 will be a stretch. I'm always up for a challenge, though!

  3. The Bucks regular season record is crazy. They are looking really good this year. I recently watched that game vs the Lakers, which was a big game. I've been following Zion and the young players too.

    But about your dividend income, nice job man! Over $86 and 36% YoY growth is amazing progress. As for my income, my YoY was solid but my overall income was less than half of yours. We both received payments from T. Keep it up Kody!

  4. Graham,

    Thanks for the comment and your continued support. T seems to be a core holding in the portfolios of almost all DGIers.