Tuesday, January 9, 2024

December 2023 Dividend Income

As I'm writing this blog post, it is officially 2024. Although it is cold in absolute terms, the weather here in Central Wisconsin remains warm for this time of year. The high temperature for today is expected to reach 31 degrees Fahrenheit!

With that aside, I plan on highlighting my net dividend income for December 2023. Let's dive into it!

During December 2023, I collected $529.78 in net dividends. Compared to the $434.85 in net dividends received in September 2023, this represents a 21.8% quarterly growth rate. Even factoring out the special dividend and annual fee from my Capital Income Builder (CAIBX) mutual fund in my retirement account, my net dividend income grew by 3%.

On a year-over-year basis, my net dividends surged 25.2% higher versus the $423 in net dividends that I collected in December 2022.

Rather than discuss every aspect of how my net dividends climbed by $94.93 from September 2023 to December 2023, I will discuss activity within each of my accounts at a high level.

I received $349.33 in net dividends from 47 companies within my Robinhood portfolio. Growth in my Robinhood portfolio was driven by dividend raises from Broadcom (AVGO) and Main Street Capital (MAIN), as well as my new position in Ares Capital (ARCC). This was partially offset by the timing of dividends from PepsiCo (PEP) and Digital Realty Trust (DLR), which will be paid in January.

My Webull account generated $16.82 in net dividends across six companies (not pictured is the $8.40 in combined net dividends received from Lockheed Martin and Broadcom). Dividend boosts from Visa (V) and Lockheed Martin (LMT) in October and the December hike from AVGO contributed to this higher dividend income.

I collected $0.52 in net dividends from 23 companies in my M1 Finance portfolio. Fastenal's (FAST) special dividend more than offset the loss of income due to PepsiCo's (PEP) dividend payment timing.

My retirement account produced $163.11 in net dividends from my CAIBX mutual fund holding. A special dividend and a higher share count due to dividend reinvestment led my net dividends higher.

Concluding Thoughts:

December 2023 was the first month in which my net dividends exceeded $500. I don't anticipate to collect $500 in net dividends in a given month again until likely September or December of this year. However, I feel very blessed to have reached that mark during the month.

As I anticipate resuming capital deployment in February, my net dividend income should steadily continue to climb in 2024.


How was your dividend income for December 2023?

Did you receive any special dividends?

I appreciate your readership and welcome your comments below!

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