As I'm writing this blog post, it's early April in Central Wisconsin and 99.9% of the snow/ice has melted away. The next couple weeks are forecasted to bring highs in the 50s to 60s and lows in the 40s to 50s Fahrenheit, which is a bit above average for the area.
After being largely forced to exercise indoors in January and February, I'm looking forward to really enjoying the outdoors, especially over the next couple months before temperatures start to really heat up.
With that aside, I'll delve into the crux of this post, which is to discuss my dividend income for March 2021.
During the month of March 2021, I received $165.45 in net dividends against the $165.60 in net dividends that were received in December 2020, which represents a 0.1% quarterly decline.
On a year over year basis, the $165.45 in net dividends received in March 2021 equates to an 83.2% growth rate compared to the $90.31 in net dividends received in March 2020.
Digging deeper into the net dividends that I received in March 2021, I collected $90.83 in net dividends from 24 companies in my Robinhood account, $12.04 in net dividends from 6 companies in my Webull account, $62.07 in net dividends from the Capital Income Builder (CAIBX) holding in my retirement account, and $0.51 in net dividends from 25 companies in my M1 Finance account.
The $0.15 decline in my net dividends received from December 2020 to March 2021 was a result of the following activity within my portfolios:
Due to CAIBX's cut to its quarterly dividend in the first quarter from $0.50/share to $0.40/share and the special dividend that was paid in December 2020, but not in March 2021, my net dividends received from my CAIBX holdings declined $27.60 on a quarterly basis.
Another headwind to my portfolio during March 2021, was the $2.53 in Robinhood margin expenses that I didn't have in December due to my recent reuse of Robinhood margin, which lowered my net dividends by as much in March.
My net dividends advanced $3.48 in my Robinhood account as a result of the timing of Digital Realty Trust's (DLR) dividend payment and recent dividend increase.
The net dividends collected from PepsiCo (PEP) within my Robinhood and M1 Finance accounts were boosted by $3.09 due to my recent addition of 1 share to my portfolio, as well as the timing of the dividend payment.
My net dividends received from L3Harris Technologies (LHX) in my Robinhood account were $1.36 higher as a result of LHX's dividend increase and my recent purchase of another share of the stock.
The net dividends collected from Lockheed Martin (LMT) within my Robinhood account were boosted by $2.60 due to my recent purchase of an additional share of the stock.
My net dividends received from Home Depot (HD) in my Robinhood account were $0.30 higher as a result of HD's recent dividend increase.
The net dividends collected from Realty Income (O) within my Robinhood account were boosted by $0.47 due to my recent purchase of an additional 2 shares of the stock.
My net dividends received from Prudential Financial (PRU) in my Robinhood and Webull accounts were $0.45 higher as a result of PRU's recent dividend increase.
The net dividends collected from American Electric Power (AEP) within my Robinhood account were boosted by $5.18 due to my recent addition of AEP to my portfolio.
My net dividends received from United Parcel Service (UPS) in my Robinhood account were $0.04 higher as a result of UPS's recent dividend increase.
The net dividends collected from Johnson & Johnson (JNJ) within my Robinhood account were boosted by $1.01 due to my recent purchase of an additional share of the stock.
My net dividends received from Amgen (AMGN) in my Robinhood account were $3.68 higher as a result of my purchase of an additional 2 shares and AMGN's dividend increase last December.
The net dividends collected from Pfizer (PFE) within my Robinhood account were boosted by $1.29 due to my purchase of additional shares of the stock, as well as PFE's dividend increase last December.
My net dividends received from WEC Energy Group (WEC) in my Robinhood account were $3.39 higher due to my purchases of the stock over the past few months.
Finally, the net dividends collected from Aflac (AFL) within my Robinhood and M1 Finance accounts were boosted by $3.64 as a result of AFL's recent dividend increase and my purchase of whole shares.
Concluding Thoughts:
While my dividend income was essentially flat from December 2020, this was due to the annual special dividend in December within my CAIBX mutual fund and a 20% cut to the quarterly regular dividend from $0.50/share to $0.40/share.
Backing out the CAIBX special dividends in December 2020, my non-special net dividends would have increased 12.5% from $147.10 in December 2020 to $165.45 in March 2021.
When taking into consideration the elimination of my $5/monthly Robinhood Gold fee, the reduction of margin expenses to zero, anticipated capital deployment, and dividend increases, I am confident that June's dividend income will be within $10 of the $200 mark.
Discussion:
How was your March in terms of dividend income?
Did you receive any first time dividends from stocks as I did with AEP and WEC?
As always, thanks for reading and I look forward to your comments in the comment section below!
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