As I'm writing this blog post, the 4th of July is just two days away and there are just 182 days left in 2021. Can you believe we're closer to 2022 than we are to 2020?!
Moving to the intent of this post, I will be discussing my dividend income for the month of June 2021.
Analysis:
During the month of June 2021, I received a record $197.54 in net dividends against the $165.45 in net dividends collected in March 2021, which represents a 19.4% quarterly growth rate.
June 2021's net dividends are a staggering 45.0% higher than the $136.28 in net dividends received in June 2020!
Breaking things down by account, I received $117.36 in net dividends from 29 companies in my Robinhood account, $67.48 in net dividends from the Capital Income Builder (CAIBX) position within my retirement account, $12.24 in net dividends from 6 companies in my Webull account, and $0.46 in net dividends from 23 companies within my M1 Finance account.
The $32.09 increase in my net dividends collected from March 2021 to June 2021 was due to the following activity within my portfolios:
I received an additional $5.41 in net dividends within my CAIBX account as a result of a higher share count from March 2021 to June 2021.
My net dividends received from UnitedHealth Group (UNH) were $1.65 higher due to the company's dividend increase last month and my purchase of a share of the stock in my Robinhood account last month.
I also collected an additional $0.16 in net dividends from my stake in PepsiCo (PEP) within my Robinhood account due to the company's dividend increase.
My net dividends received from T. Rowe Price Group (TROW) were $4.32 higher in my Robinhood account due to the stock paying me my first dividend during June after I initiated a position in April.
I collected an extra $4.13 in net dividends from BlackRock (BLK) due to my decision to open a position within my Robinhood account during April.
My net dividends received from Royal Dutch Shell (RDS.B) edged $0.12 higher as a result of the stock's recent dividend increase.
I also collected an additional $1.15 in net dividends from my Prudential Financial (PRU) position between my Robinhood and Webull accounts due to an addition within my Robinhood account.
My stake in Viatris (VTRS) paid its first dividend in June in my Robinhood account, which drove my net dividends higher by $1.21 during the month.
I received an extra $1.02 in net dividends from L3Harris Technologies (LHX) in June, which was a result of my recent purchase of an additional share of the stock within my Robinhood account.
My net dividends collected from Realty Income (O) were boosted $0.95 due to my purchase of 4 extra shares of the stock in my Robinhood account and the recent dividend increase.
I received an additional $1.68 in net dividends from Microsoft (MSFT) as a result of my decision to open a starter position within my Robinhood account in the stock back in May.
My net dividends collected from International Business Machines (IBM) inched up $0.04 in my Robinhood account due to the company's recent dividend increase.
I received an extra $1.21 in net dividends from Johnson & Johnson (JNJ) within my Robinhood account, which was a result of the company's recent dividend increase and my purchase of another share of the stock recently.
My net dividends collected from Southern Company (SO) were $0.10 higher due to the company's recent dividend increase in my Robinhood account.
I received a $0.78 increase in my net dividends from Pfizer (PFE), which was a result of my purchase of 2 additional shares recently within my Robinhood account.
My net dividends collected from WEC Energy Group (WEC) were boosted by $0.68 due to my recent purchase of another share of the stock in my Robinhood account.
I received an additional $7.53 in net dividends as a result of the elimination of my Robinhood Gold and margin expenses.
Finally, my net dividends collected from my M1 Finance account were $0.05 lower due to the timing of dividend payments from Fastenal (FAST), Norfolk Southern (NSC), and Starbucks (SBUX).
Concluding Thoughts:
My portfolio's net dividend income continued its momentum in June 2021, with a 19.4% quarterly growth rate and a year-over-year growth rate of 45.0%.
While the $747.70 in net dividends that I have collected through the first 6 months of 2021 represent a 51.0% year-over-year growth rate compared to the $495.16 in net dividends received through the first 6 months of 2020, I am on track to fall roughly $100 short of collecting $1,800 in net dividends this year at the rate I am going, assuming a 51.0% growth rate over 2020's $1,127.05 net dividend total.
Needless to say, I will need to step it up a bit in the remaining months of 2021 to meet my goal!
Discussion:
How was your June in terms of dividend income?
Did you receive any dividends for the first time as I did with TROW, BLK, VTRS, and MSFT?
I appreciate your readership and welcome your comments in the comment section below!
Kody,
ReplyDeleteLooks like an excellent month of dividends. You're getting close to that $200 month and that's some pretty amazing growth compared to March. Those SBUX and NSC dividends were frustrating, but they're still getting paid so it is what it is. June was a solid month for us and we keep building the portfolio up. Keep it up in the 2nd half of the year!
PIP,
ReplyDeleteThanks for commenting and the support over the years. Congrats on collecting over $1,700 in dividends during June!