At the very least, I'm on track to accomplish all of my goals, and I'm on track to crush some of them (which really warrants revisions to a few of the goals). The first day of October also marks the last quarter that we have to work toward achieving our goals for this year, so I'd encourage others to examine their goals. You may be as surprised as I am at the progress you've made thus far.
With that aside, we'll now delve into our dividend income for the month of September.
During the month of September, I collected $70.00 in dividends in total between my Robinhood account, retirement account, and M1 Finance account. Overall, that figure is good enough for a 10.9% quarterly growth rate compared to June 2019's dividend income, and a 58.2% YOY growth rate compared to September 2018's dividend income.
Breaking it down by account, I collected $34.28 from the 13 companies in my Robinhood account that paid dividends during September, which is a $0.07 improvement from the $34.21 collected in June 2019. I also collected $35.24 in dividends from my retirement account during September, which was a $6.82 increase from June 2019. Finally, I collected $0.48 in dividends from the 24 companies in my M1 Finance account, which remains the same compared to June 2019.
Quarterly growth in each account is as follows:
Robinhood:
The quarterly growth in the dividends collected in my Robinhood account stemmed from receiving a dividend increase from Realty Income (O), which boosted dividend income by $0.01.
The remaining $0.06 of increased income originated from JM Smucker's (SJM) raised announced a couple months back.
Retirement:
The $6.82 in additional dividends from my retirement account originated solely from reinvestment of the previous dividend in June and additional contributions.
YOY growth in each account is as follows:
Robinhood:
I received an additional $0.05 from Pepsico (PEP) due to its dividend increase a while back.
I netted $0.02 less from British Petroleum (BP) due to the ADR fee associated with dividends from BP.
I was paid an extra $1.16 from Dominion Energy due to the purchase of an additional share of the company following my decision to sell off my remaining shares in Omega Healthcare Investors (OHI) at a nice profit.
Realty Income paid me an additional $0.03 in dividends as a result of a number of raises since last September.
Home Depot (HD) sent an additional $0.33 my way due to its massive raised announced a number of months ago.
Johnson & Johnson (JNJ) also paid me an additional $0.10 in dividends due to its raise that was announced in April.
International Business Machines (IBM) sent me an extra $0.15 due to its dividend increase announced in April.
Exxon Mobil (XOM) paid me an extra $0.30 as a result of its dividend increase announced in April as well (we can notice a trend that April is a fantastic month for dividend increases).
Southern Company (SO) paid an additional $0.10 to me from its dividend increase announced in...you guessed it - April.
Amgen (AMGN) sent an additional $0.15 to me because of its dividend increase announced last December.
JM Smucker paid an extra $0.06 as a result of its dividend increase.
Last but not least, Pfizer (PFE) paid me an additional $0.16 from its dividend increase announced last December.
Retirement:
The entirety of the $22.75 in additional dividends received from my retirement account originated from the sole holding in my retirement account, which is the mutual fund, CAIBX.
Conclusion:
September was yet another record month for me in terms of total dividend income. In fact, I actually passed my dividend income for 2018 this month!
Fortunately, I'm not quite done yet with record total dividend income as December still remains, and that will likely include a special dividend of some sort from my mutual fund holding, which may possibly push dividend income over $100 in December to end the year. Talk about ending the year with a bang! Triple digits would be a great way to end 2019 and usher in 2020!
Discussion:
Was your September a record month for you as well? Did you benefit from as many dividend increases I have have since June, and especially since last September?
As always, thanks for reading! I look forward to replying to any comments you leave below.
Congrats Kody! You're getting closer to that $100 level which is one of the first big milestones on the way to financial freedom. Especially with the huge increase year over year. We've had plenty of increases this year and still quite a few more to come in Q4.
ReplyDeleteThanks for the comment! If the special dividend holds steady for CAIBX this year compared to the last, I should just barely reach $100 in dividends for the month of December. I'm certainly excited to see whether I'll be able to reach the $100 mark. It would be a great way to usher in 2020!
ReplyDeleteGood job. DO you plan to move out of RH now that all these companies have announced free trades?
ReplyDeleteD&H,
ReplyDeleteThanks for the comment. While I don't plan on moving out of RH with all of these brokers announcing free trades, I don't see myself contributing much more to the account. I'll probably open an account with Scwab in the near future and that will be my primary brokerage account going forward.