September 2021 Dividend Income

As I'm writing this blog post, the seasonally warm temperatures have continued into October here in Central Wisconsin. The next week of forecasts will see high temperatures range in the low to mid-70s Fahrenheit.

Since it's early October, it's time for me to go over my dividend income for September 2021. Because I received dividends a day early from Visa (V) and Wells Fargo (WFC) in my Webull account, those will appear to be in August despite official pay dates in September. Also of note, I had several dividends from Sept. 30 in my Robinhood account that I didn't receive until Oct. 1.

Analysis:

During the month of September 2021, I collected a record $229.54 in net dividends against the $197.54 in net dividends that were received in June 2021. This works out to a 16.2% quarterly growth rate.

The dividends that I collected in September 2021 also equate to a 64.6% year over year growth rate compared to the $139.46 in net dividends received in September 2020.

Delving deeper into the details, I collected $146.33 in net dividends from 33 companies in my Robinhood account during the month (as a result of the timing of Simon Property Group's dividend, as well as first-time dividends from KeyCorp, Pinnacle West Capital, and Essential Utilities). What's more, I received $70.00 in net dividends from the Capital Income Builder mutual fund (CAIBX) in my retirement account. I also collected $12.74 in net dividends from six companies in my Webull account. Finally, I received $0.47 in net dividends from 23 companies in my M1 Finance account.

The $32.00 increase in net dividends collected from June 2021 to September 2021 was the result of the following activity within my portfolios:

Starting within my retirement account, my net annual dividends received from CAIBX were $2.52 higher due to an increased share balance from my last few paycheck contributions at my day job before I started to write for Motley Fool and Seeking Alpha essentially full-time.

I also collected an additional $0.80 from WFC within my Robinhood and Webull accounts, which was due to the recent doubling of the stock's quarterly dividend.

My net dividends received from Simon Property Group (SPG) were $9.00 higher in my Robinhood account than in June because SPG's previous dividend was paid in July. SPG also increased its quarterly dividend recently.

I collected an extra $0.13 in net dividends from British Petroleum (BP) within my Robinhood account as a result of its dividend increase in August.

I also collected an additional $1.26 in net dividends from Dominion Energy (D) during the month within my Robinhood account, which was the result of my August 2021 dividend stock purchases.

My net dividends received from Royal Dutch Shell (RDS.B) in my Robinhood account were $1.20 higher, which was due to its 38.3% hike in its quarterly dividend.

I collected an extra $2.86 in net dividends from Viatris (VTRS) within my Robinhood account, which was the result of my July 2021 dividend stock purchases and August 2021 dividend stock purchases.

My net dividends received from KeyCorp (KEY) were $4.07 higher in my Robinhood account because it was the first dividend payment received from the stock, which was due to my July 2021 and August 2021 dividend stock purchases.

I collected an additional $1.48 in net dividends from American Electric Power (AEP) within my Robinhood account, which was the result of my June 2021 dividend stock purchases.

My net dividends received from Essential Utilities (WTRG) were $2.68 higher than in June because this was the first dividend from them in my Robinhood account, which was due to my July 2021 dividend stock purchases. 

I collected an extra $0.18 from J.M. Smucker (SJM) within my Robinhood account, which was the result of a 10% dividend increase in July.

My net dividends received from Pinnacle West Capital (PNW) were $5.81 higher than June because this was the first dividend from them in my Robinhood account, which was due to my July 2021 dividend stock purchases.

I collected an additional $0.01 from RDS.B within my M1 Finance account, which was due to the aforementioned dividend hike.

Concluding Thoughts:

I have collected over $1,218.20 in net dividends through September. And based on the fact that I'm expecting more than $500 in net dividends in the final three months of this year, I appear to be on track to meet my goal of collecting $1,800 in net dividends for 2021. With nearly $2,030 in net annual forward dividends heading into October, I also am on track to end this year with well over my goal of $2,200 in net annual forward dividends to start 2022.

With my capital contributions, dividend increases, and dividend reinvestment, I wouldn't be surprised if my net dividends were to surpass $250 in December of this year.

Discussion:

How was your dividend income in September?

Did you receive any first-time dividends during the month like I did from KEY, PNW, and WTRG?

As always, I'm grateful for your readership and look forward to your comments!