February 2022 Dividend Income

As I'm writing this blog post, the sun already doesn't set until nearly 6 PM here in Central Wisconsin. And with Daylight Savings Time only a week away, it will soon be light out past 7 PM. I'm stoked because that means there will be much more time to stay outdoors to exercise and get fresh air that isn't frigid!

Since the first week of March is basically over now, I'll go over my dividend income for February 2022 and how it compared to November 2021 and February 2021.

During February 2022, I collected $156.30 in net dividends. This is equivalent to an 11.9% quarterly growth rate over the $139.64 in net dividends received in November 2021.

The amount of net dividends that I collected in February 2022 was a striking 58.8% year-over-year increase compared to the $98.44 in net dividends received during February 2021. 

Digging deeper into my net dividends, I collected $142.19 from 22 companies within my Robinhood portfolio, $13.77 from three companies in my Webull account (factoring in the $0.06 ADR fee), and $0.34 from 14 companies within my M1 Finance portfolio. 

The net dividends that I received from November 2021 to February 2022 increased by $16.66, which was the result of the following activity in my portfolio:

I collected an extra $1.32 in net distributions from Energy Transfer (ET) in my Robinhood and Webull accounts, which was due to the recent 14.8% increase in its quarterly distribution.

My net dividends received from Main Street Capital (MAIN) were $0.94 higher within my Robinhood portfolio. This was the result of the stock's 2.4% increase in the monthly dividend and my purchase of another four shares of the stock during November.

I collected an additional $0.13 in dividends from Realty Income (O) in my Robinhood account, which was due to the 4.2% raise in the monthly dividend declared last November.

My net dividends received from Alliant Energy (LNT) were boosted by $5.56 within my Robinhood portfolio, which was the result of my decision to open a 13 share position in December 2021.

I collected an extra $0.77 in net dividends from AbbVie (ABBV) in my Robinhood account, which was due to the 8.5% lift in the quarterly dividend announced last November.

My net dividends received from Abbott Laboratories (ABT) were boosted by $0.12 within my Robinhood portfolio as a result of the 4.4% payout increase declared last December.

I collected an extra $1.60 in net dividends from British American Tobacco (BTI) in my Robinhood and Webull accounts. This was due to my purchase of two additional shares in November and the dividend increase.

My net distributions received from Enterprise Products Partners (EPD) increased by $1.00 within my Robinhood and Webull portfolios. This was the result of my purchase of an additional unit that I picked up last December and the 3.3% distribution increase declared in January.

I collected $4.60 in first-time dividends from Texas Instruments (TXN) in my Robinhood account, which was due to my decision to start and add to a position in TXN.

My net dividends received from Verizon (VZ) were $1.28 higher within my Robinhood portfolio. This was the result of an additional two shares that I added in October after the ex-dividend date.

I collected an extra $0.35 in net dividends from CVS Health (CVS) in my Robinhood account, which was due to the 10% dividend increase announced last December.

My net dividends received from Bristol Myers Squibb were $0.50 higher within my Robinhood portfolio, which was the result of the 10.2% payout hike declared last December.

I collected $1.50 less in net dividends from Equitrans Midstream Partners (ETRN), which I closed my position in during January.

My net dividends received in my M1 Finance account declined by $0.01. An additional $0.01 in net dividends received from ABBV was more than offset by a $0.02 reduction in net dividends from Fastenal (FAST) due to the timing of its dividend payment (it was paid in March).

Concluding Thoughts:

February 2022 was the first middle month of the quarter in which I surpassed $150 in net dividend income. And based on the $2,500 to $3,000 in capital that I'm consistently deploying each month, I anticipate that my net dividends will exceed $200 this August. Depending on my stock purchases in the coming weeks, I may even come close to that mark in May.

I'll definitely be aiming to collect at least $250 in net dividends next February.

Discussion:

How was your dividend income in February 2022?

Did you collect any dividends for the first time like I did with LNT and TXN?

I appreciate your readership and encourage your comments below!