May 2022 Dividend Income

As I'm writing this blog post, it's sunny and the temperature is 70 degrees Fahrenheit here in Central Wisconsin. And the high temperatures for the next few days will reach into the low-80 degrees Fahrenheit range. That's why I will be getting outside as much as I can in the days ahead.

With that aside, we're already just a couple of days away from the end of May. That means it's time to go over my net dividend income for the month.

Analysis:

During May 2022, I received $183.89 in net dividends. This works out to a 17.7% quarterly growth rate over the $156.30 in net dividends collected in February 2022.

And the amount of net dividends that I received in May 2022 was a 57.2% year-over-year increase stacked up against the $116.98 in net dividends collected in May 2021.

Digging deeper, I received $169.82 in net dividends from 28 companies within my Robinhood portfolio, $13.70 in net dividends from three companies in my Webull account, and $0.37 from 16 companies within my M1 Finance portfolio.

The net dividends that I collected from February 2022 to May 2022 increased by $27.59, which was due to the following activity in my accounts:

My net distributions from Energy Transfer (ET) were $1.84 higher within my Robinhood and Webull portfolios, which the result of both ET's 14.3% raise in its quarterly distribution to $0.20 per unit and my purchase of two additional units of the stock in April.

I received $1.04 less in net dividends from British American Tobacco (BTI) in my Robinhood and Webull accounts, but that's because of the varying dividend payments by quarter.

My net dividends collected from Starbucks (SBUX) within my Robinhood portfolio were $4.90 higher, which was due to my purchase of shares in March and April.

I received $0.69 in extra net dividends from Williams-Sonoma (WSM) in my Robinhood account, which was the result of the stock's dividend increase in March.

My net dividends collected from Kinder Morgan (KMI) were $9.44 higher within my Robinhood portfolio, which was due to the purchases that I made in January, February, and March.

I received an additional $0.01 in net dividends from Realty Income (O) in my Robinhood account, which was the result of the stock's dividend increase in March.

My net dividends collected from Tanger Factory Outlet Centers (SKT) were $0.19 higher within my Robinhood portfolio, which was due to the stock's payout raise in April.

I received an extra $0.98 in net dividends from Mastercard (MA) in my Robinhood account, which was the result of my decision to open a position in the stock back in February.

My net dividends collected from Air Products & Chemicals (APD) were $4.86 higher within my Robinhood portfolio, which was due to my stock purchase in March.

I received an additional $6.56 in net dividends from Medifast (MED) in my Robinhood account, which was the result of my purchases last December and in January, as well as the payout raise in March.

My net dividends collected from General Dynamics (GD) were $0.28 higher within my Robinhood portfolio, which was due to the dividend hike in March.

I received $5.09 less in net dividends from AT&T (T) in my Robinhood account, which was due to the stock's recent dividend cut.

My net dividends collected from JPMorgan Chase (JPM) were $4.00 higher within my Robinhood portfolio. This is because while JPM's dividend was payable on Saturday, April 30, I didn't receive the dividend until Monday, May 2. That's why I am accounting for the dividend in May rather than for April.

I received $0.03 more in net dividends from my M1 Finance account. A $0.02 decline in net dividends from T was more than offset by the timing of JPM's $0.02 payment and Fastenal's (FAST) $0.03 payment.

Concluding Thoughts:

Depending on the stocks that I purchase in the next couple of months, May 2022 may be my last middle month of the quarter under $200 in net dividends. And given my average monthly capital deployment around $3,000, my net dividends should be quite close to $300 in May 2023.

Discussion:

How was your dividend income for May 2022?

Did you receive any first-time dividends like I did with SBUX, KMI, MA, APD, and MED?

Thanks for reading and feel free to leave a comment below!