March 2022 Dividend Income

As I'm writing this blog post, the calendar recently flipped over into April. And true to form, April showers have appeared. This will eventually give way to May flowers as the saying goes. Temperatures have warmed up and are expected to reach into the low-50 degrees Fahrenheit here in Central Wisconsin. 

Now that the month of March 2022 is in the books, it's time to take a look at what the dividend income portfolio produced during the month. 

During the month of March 2022, I received $302.53 in net dividends. Against the $353.38 in net dividends that I collected in December 2021, this is a 14.4% quarterly decline. But factoring out the $106.49 in special dividends that I received from my Capital Income Builder (CAIBX) mutual fund within my retirement account, my net dividends surged 22.5% higher from $246.89.

On a year-over-year basis, my net dividends collected in March 2022 soared 82.9% over March 2021's $165.45 in net dividends.

Digging deeper, I received $213.12 in net dividends from 44 stocks in my Robinhood portfolio. I also collected $74.95 in net dividends from my CAIBX mutual fund within my retirement account. Next, I received $13.95 in net dividends from six stocks in my Webull portfolio. Lastly, I collected $0.51 from 24 stocks within my M1 Finance account.

The $50.85 quarterly decrease in my net dividend income received from December 2021 to March 2022 can be explained by the following activity in my portfolio:

My net dividends collected from Digital Realty Trust (DLR) were lifted by $3.66 within my Robinhood account, which was the result of the recent dividend increase and the timing of the dividend payment

I also received a first-time dividend from Union Pacific (UNP) of $3.54 in my Robinhood portfolio, which was due to my decision to open a whole share position in the stock back in January.

As a result of the timing of PepsiCo's (PEP) dividend payment, I collected an extra $3.23 in net dividends within my Robinhood account.

Thanks to T. Rowe Price's (TROW) recent dividend hike and my decision to purchase two more shares of the stock in February, my net dividends received were boosted by $2.88 in my Robinhood portfolio.

Main Street Capital's (MAIN) slight decrease in its special dividend was only partially offset by an increase in its regular monthly dividend. This explains the $0.40 drop in my net dividends collected from the stock within my Robinhood account.

My net dividends received from L3Harris Technologies (LHX) increased by $0.40 in my Robinhood portfolio, which was due to the dividend increase in February.

I also collected an extra $0.50 in net dividends from Home Depot (HD) within my Robinhood account, which was the result of the recent payout hike.

My net dividends received from BlackRock (BLK) surged $0.75 higher in my Robinhood portfolio, which was due to the stock's boost to its dividend in January.

I also collected an additional $0.23 in net dividends from Dominion Energy (D) within my Robinhood account, which was the result of the dividend increase declared last December.

My net dividends received from Viatris (VTRS) jumped $0.97 higher in my Robinhood portfolio, which was due to my purchase of another five shares in January and the dividend hike announced in January as well.

I also collected an extra $4.93 in net dividends from Duke Energy (DUK) within my Robinhood account, which was the result of my decision to open a whole share position in the stock in February.

My net diviends received from Hershey (HSY) were boosted by $2.70 in my Robinhood portfolio, which was due to my choice to start a whole share position in the stock last December.

I also collected an additional $5.96 in net dividends from 3M (MMM) within my Robinhood account, which was the result of my decision to purchase four shares of MMM in January.

My net dividends received from Prudential Financial (PRU) increased by $0.50 between my Robinhood and Webull portfolios, which was due to the stock's recent dividend increase.

I also benefited from a $3.52 boost in my net dividends collected from United Parcel Service (UPS) in my Robinhood account, which was the result of my decision to add another share of UPS in February and the recent massive dividend hike.

My net dividends received from Amgen (AMGN) increased by $0.72 within my Robinhood portfolio, which was due to the dividend increase announced last December.

I collected an extra $0.17 in net dividends from Pfizer (PFE) in my Robinhood account, which was the result of the payout raise declared last December.

My net dividends received from Cummins (CMI) within my Robinhood portfolio were $1.45 higher, which was due to my purchase of an additional share of the stock last November.

I collected an additional $0.77 in net dividends from Aflac (AFL) in my Robinhood account, which was the result of the dividend hike announced last November.

My net dividends received from WEC Energy Group (WEC) surged by $1.75 within my Robinhood portfolio, which was due to share purchases last November and December.

I collected an extra $2.41 in net dividends from American Water Works (AWK) in my Robinhood account, which was the result of my decision to open a position in the stock in January.

My net dividends received from Wells Fargo (WFC) between my Robinhood and Webull portfolios edged $0.40 higher, which was due to the recent dividend increase.

I collected an extra $0.06 in net dividends within my M1 Finance account. This was the result of an additional $0.01 from UPS, the timing of PEP's $0.02 dividend payment, and the timing of Fastenal's (FAST) $0.03 dividend payment.

Finally, my net dividends received from CAIBX were $91.95 less than in December 2021 (including the $10 annual fee deducted from my account in December). That's because the 5% increase in the regularly quarterly dividend was more than offset by the absence of the special dividend that is only paid each December.

Concluding Thoughts:

Excluding the special dividends paid from my CAIBX mutual fund that skewed my December 2021 results much higher, my March 2022 net dividend income was solid. I believe that next March I'll come close to the $500 mark in net dividend income, so I'm excited to continue investing as much as possible to keep my dividend income marching higher.

Discussion:

How was your March 2022 for your capital allocation?

Did you have any new whole share dividend payers like I did with AWK, DUK, MMM, and UNP?

Thanks for your readership. I look forward to your comments below!