June 2022 Dividend Income

As I'm writing this blog post, the high temperatures here in Central Wisconsin are expected to reach into the mid-70 to high-70 degrees Fahrenheit range over the next few days. As a result of this flawless weather, I will be getting outside as much as possible this Independence Day weekend.

With that aside, I will be discussing the dividend income that my portfolio produced during June 2022.

Analysis:

During the month of June 2022, I received $332.86 in net dividends. Compared to the $302.53 in net dividends that I collected in March 2022, this is a 10% growth rate over the prior quarter.

Against June 2021's net dividends amount of $197.54, this is an astonishing 68.5% year-over-year growth rate.

Diving into more details, I received $242.80 in net dividends from 44 stocks in my Robinhood portfolio. I also collected $75.43 in net dividends from my Capital Income Builder (CAIBX) mutual fund within my retirement account. My net dividends received from my Webull portfolio were $14.15 from six stocks. And last but not least, I collected $0.48 in net dividends from 23 stocks in my M1 Finance account.

The $30.33 quarterly increase in my net dividends received from March 2022 to June 2022 were due to the following activity in my portfolio:

My net dividends collected from Main Street Capital (MAIN) surged $1.16 higher within my Robinhood account (including special dividends), which was the result of my decision to purchase four more shares back in May.

I received an extra $5.40 in net dividends from Simon Property Group (SPG) in my Robinhood portfolio. This was due to my addition of three more shares last month and the recent 3% increase in the quarterly dividend.

My net dividends collected from PepsiCo (PEP) within my Robinhood account increased by $1.37. This was the result of my purchase of a share back in May. 

I received an additional $3.66 in net dividends from Digital Realty Trust (DLR) in my Robinhood portfolio, which was because of my decision to add three shares to my position in May.

My net dividends collected from Union Pacific (UNP) were $0.36 higher within my Robinhood account, which was due to the 10.2% raise in the dividend recently.

I received an extra $0.40 in net dividends from UnitedHealth Group (UNH) in my Robinhood and Webull portfolios. This was the result of the 13.8% boost to its quarterly dividend last month.

My net dividends collected from Shell (SHEL) were $0.18 higher within my Robinhood account, which was because of the 4.2% dividend increase back in March.

I received an additional $4.88 in net dividends from BlackRock (BLK) in my Robinhood portfolio. This was driven by my decision to pick up another share of BLK in April. 

My net dividends collected from Home Depot (HD) increased by $1.90 within my Robinhood account, which was due to my purchase of another share in April.

I received an extra $0.98 in net dividends from Duke Energy (DUK) in my Robinhood portfolio. This was because of an extra share that I added back in February.

My net dividends collected from Raytheon Technologies (RTX) were $0.28 higher within my Robinhood account, which was the result of the stock's 7.8% dividend hike in April.

I received an additional $0.01 in net dividends from Realty Income (O) in my Robinhood portfolio. This was due to the stock's 0.2% increase in the monthly dividend in March. 

My net dividends collected from KeyCorp (KEY) were boosted by $3.32 within my Robinhood account, which was because of my decision to add 17 shares of the stock to my position in May.

I received an extra $3.83 in net dividends from NextEra Energy (NEE) in my Robinhood portfolio. This was due to my dividend stock purchases in March and April. 

My net dividends collected from International Business Machines (IBM) were $0.04 higher within my Robinhood account. This was the result of the stock's 0.6% dividend increase in April.

I received an additional $0.35 in net dividends from Johnson & Johnson (JNJ) in my Robinhood portfolio, which was because of the stock's 6.6% bump in its quarterly dividend in April.

My net dividends collected from Southern (SO) were $0.10 higher within my Robinhood account. This was due to the stock's 3% dividend raise in its quarterly dividend in April.

I received an extra $1.45 in net dividends from Cummins (CMI) in my Robinhood portfolio, which was the result of my purchase of an extra share in May.

My net dividends collected from American Water Works (AWK) were $0.21 higher within my Robinhood account. This was because of the stock's 8.7% dividend hike that was announced in April.

I received $0.03 less in net dividends in my M1 Finance portfolio, which was due to the timing of Fastenal's (FAST) dividend payment.

My net dividends collected from CAIBX were $0.48 higher. This was due to my extra shares in the mutual fund compared to March.

Concluding Thoughts:

My net dividends continue to steadily grow with each passing quarter. Given my consistent capital deployment of around $3,000 each month, I wouldn't be surprised if my net dividends were close to $500 received in June 2023.

Those brave signers of the Declaration of Independence who pledged their lives, fortunes, and sacred honor were the spark that led to the birth of this country. And the brave men and women who have fought to protect our freedoms are what allowed so many to achieve their version of the American dream over the generations!

I'm very blessed to be living in the United States of America. The progress I have made in building my dividend growth stock portfolio wouldn't have otherwise happened to the extent that it has if I lived in any other country.

Discussion:

How was your month for dividend income?

Did you receive any first-time dividends during the month?

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