Tuesday, June 4, 2024

May 2024 Dividend Income

As I'm writing this blog post on Wednesday, May 29, the high temperature is expected to reach 71 degrees Fahrenheit in Central Wisconsin. The forecast also calls for very little cloud cover, so the weather is ideal.

Putting that aside, the time of the month means that I will be going over my net dividend income for May 2024.

A New May/Middle Of The Quarter Month Record

In May 2024, I collected $365.82 in net dividends (after accounting for British American Tobacco's ADR fees). This is equivalent to a 4% quarterly growth rate compared to the $351.91 in net dividends received in February 2024.

My net dividends collected in May 2024 were also 32.3% higher versus the $276.48 in net dividends that my portfolio produced in May 2023.

I received $337.46 from 29 companies within my Charles Schwab account (formerly my Robinhood account). Dividend raises from the likes of Williams-Sonoma (WSM) and Realty Income (O) helped this account's net dividend income rise slightly.

My net dividends collected in my Webull portfolio from three companies amounted to $15.56 (net of ADR fees). Due to unfavorable foreign currency exchange for BTI, that explains the marginal decrease in net dividend income within this portfolio.

I received $12.41 in net dividends within my IRA from two companies. Additionally, Agree Realty (ADC) was a first-time dividend payer for the overall portfolio.

Finally, I collected $0.39 in net dividends from 16 companies in my M1 Finance account. A dividend raise from Procter & Gamble (PG) and the first dividend from Haleon (HLN) helped to lift these net dividends higher.

Concluding Thoughts:

There we have it. May 2024 was another month of progress for the portfolio. As I keep putting my capital to work in the IRA, my net dividends should keep climbing higher over time.


How did you fare with your net dividend income in May 2024?

Did you receive any first-time dividends during the month as I did with ADC?

I appreciate your readership and welcome your comments below!

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